Retailers are unlikely to see a return to pre-pandemic numbers of customers “anytime soon” despite the beginnings of a recovery after non-essential shops reopened, figures suggest.
Total UK footfall for the month to May 1 remained 40% down on the same month in 2019 despite the re-opening of retail, according to BRC-Sensormatic IQ figures.
Retail parks continued to fare better than...
Superdry has said it can “clearly see the light at the end of the tunnel” as it returned to sales growth amid the reopening of stores across the UK.
The fashion retailer reported a 0.8% increase in revenues to £118.3 million for the three months to April 24.
However, it also revealed that total sales for the past year tumbled by...
Sainsbury’s has hired the former boss of John Lewis to take charge of its clothing and homeware operations.
The supermarket giant said Paula Nickolds will take the role of general merchandise and clothing commercial director in June.
Ms Nickolds was ousted from department store chain John Lewis in January 2020 after 25 years, after she failed to improve the retailer’s profits.
The...
Fashion giant Next has lifted its profit targets for the year after recent sales bounced above expectations.
The high street firm said it reported £75 million more in sales than predicted for the 13 weeks to May 1.
It said sales for the period were only 1.5% below the same three months in 2019, before the pandemic hit the UK. Next...
Retail footfall significantly improved through April as pandemic restrictions were eased but remained firmly below pre-pandemic levels, according to new figures.
The latest monthly monitor by research firm Springboard revealed that footfall in April was almost a third, 32.7%, below the levels seen in April 2019.
It said footfall was 240.8% higher than the same month last year, although this was...
Online shoppers abandon more than £100 worth of goods in baskets every month on average, a survey has found.
Significant delivery costs, the desire to “window shop” rather than make a purchase and lengthy authentication processes were key drivers of payment dropouts, Barclaycard Payments said.
Getting distracted by other online shopping and forgetting what baskets contain were other key reasons.
Perhaps with...
The billionaire brothers buying Asda have proposed selling 27 of their current petrol station sites in a bid to get the £6.8 billion takeover over the line.
Last month, the UK competition watchdog raised concerns that the deal could lead to higher petrol prices for motorists in 36 locations.
On Wednesday, the Competition and Markets Authority (CMA) said the Issa brothers...
Klarna, the global banking, payments and shopping service, has reaffirmed its commitment to the UK with a new office in London and larger premises in Manchester as it continues to expand across the country.
Klarna’s announcement follows a year of substantial growth and a $31bn valuation following its most recent $1bn funding round. It now serves over 14 million consumers...
Debenhams has said that its last stores will close on May 15 for the final time as it encouraged shoppers to take advantage of remaining heavy discounts.
The department store chain collapsed at the end of last year, with the closure of all its stores confirmed after Boohoo agreed to only buy its website and brand in a £55 million...
Boohoo has said it is seeing “early rewards” after snapping up Debenhams and three Arcadia brands in rescue deals as it unveiled strong trading for the past year.
The online fashion giant reported a 41% surge in revenues as it benefited from the online shopping boom during lockdown.
The retailer said revenues jumped to £1.74 billion in the year to February...
FREE DOWNLOAD
