Almost 190,000 jobs have been lost in the retail bloodbath since shops were first forced to shut their doors a year ago, according to new figures.
In exclusive data for the PA news agency, the Centre for Retail Research has revealed that 188,685 retail jobs have vanished between the start of the first lockdown on March 23 2020 and March...
Like other industries, even retail is a cutthroat industry that needs to upgrade its technology to beat the competition. To stay ahead managers and owners need to understand the importance of technology.
Every professional who is working in retail must know technology that can raise sales and make the process easy. Earlier the retail industry was running on pen and...
The boss of Iceland has called for a digital sales tax to help support the recovery of the high street.
Richard Walker, managing director of the frozen retailer, called for the tax on online sales as part of an overhaul of “outdated and Victorian” business rates.
The call comes after Iceland faced criticism over its decision to keep hold of business...
Collapsed fashion chain Peacocks has been saved by a senior executive with backing from an international consortium, it has been announced.
Chief operating officer Steve Simpson will take over the business, saving 2,000 jobs and 200 stores, which he hopes to reopen once lockdown restrictions on non-essential retailers ease.
The chain was part of retail mogul Philip Day’s Edinburgh Woollen Mill...
Demand for new cars grew by 11% last month compared with March 2020, preliminary figures show.
Around 283,000 new cars were registered in the UK last month despite showrooms remaining shut, the Society of Motor Manufacturers and Traders (SMMT) said.
The year-on-year increase was still around 37% down on the average March total between 2010 and 2019.
Final figures for last month...
Asos is set to continue its recent stellar spell with a surge in earnings and sales as further lockdown restrictions have kept its shoppers from returning to UK high streets.
Investors will be hopeful that the online retailer can continue to exceed expectations, having posted earnings ahead of its forecasts in six of its past eight financial results.
The group has...
The retail sector has experienced its biggest shakeup in a generation. With the high street spending much of 2020 in hibernation and the population urged to stay at home, ecommerce and delivery services have skyrocketed. Data from the Office of National Statistics (ONS) found that online sales in January 2021 accounted for more than a third of all retail,...
High street fashion chain Next has said profits for the last year were slashed by more than half after its stores were shut for large parts of it.
However, the group also raised its profit forecast for the current year, as it hailed soaring online sales in the past eight weeks.
Next told investors on Thursday that online sales over eight...
Shares in Deliveroo closed down 26.3% on its first day of trading on the London Stock Exchange, having earlier seen falls of 30% during its highly-anticipated launch.
Around £2 billion was wiped off the value of the takeaway delivery firm as City traders balked at the flotation.
By the close of trading shares had fallen from 390p to 287.45p – a...
As non-essential retail prepares to reopen, retail staff risk becoming a ‘forgotten frontline’, with store associates reporting a lack recognition and empowerment in their roles, the latest report from digital workplace innovator, YOOBIC, warns.
Original research of 1,000 frontline workers in YOOBIC’s latest ‘Frontline Employee Workplace Survey 2021’ report showed a third (32%) of retail workers said they lack recognition...
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