Online retailer eBay is launching a new money-lending service for business sellers on its platform after finding many struggled to access Government loan schemes during the Covid-19 pandemic.
Bosses have teamed up with fintech firm YouLend and will allow 300,000 small and medium-sized firms who use eBay to access loans of between £500 and £1 million.
The loans can be approved...
Retailers and unions are stepping up a campaign for legislation to protect shopworkers against crime.
A coalition including leading supermarkets and trade has written to the Prime Minister saying that legislation is needed to protect the three million workers in the sector.
The Government has rejected calls for a new law, but the letter warns that shopworkers continue to face violence, abuse...
A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied shopping centres across the US, the chain will be spun off by its owner to become a separate company.
L Brands, based in Columbus, Ohio, has been shopping the struggling chain elsewhere since the collapse of that deal and said it had held talks with...
Pret a Manger is to start opening stores in Tesco supermarkets after its city centre cafes were hit by dwindling numbers of office workers.
The coffee and sandwich chain said it will open the first of four shops in June at Tesco’s Kensington supermarket.
It said it will open a further three stores in supermarkets later in the summer as part...
Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that spending on essential items rose 10.1 per cent compared to April 2019, the highest growth since August 2020. This was boosted by supermarket shopping, which saw an 18.5 per cent increase overall.
Meanwhile, fuel spend saw less of a decline, dropping 8.1 per...
Morrisons continued to see strong sales in the past three months as the supermarket benefited from remaining open during the most recent Covid-related lockdowns.
Sales in the 14 weeks to May 9 grew 2.7% on a like-for-like basis, excluding fuel, including a 113% jump in online sales.
The group also enjoyed strong growth in its wholesale division – up 21% –...
In support of the capital’s creatives thriving through the pandemic, Westfield London and Westfield Stratford City are hosting social media brands that originated as side hustles in 2020 to support small business as non-essential retail re-opens. With over 85,000 online businesses created since the start of the pandemic* and nearly three quarters (74%) of consumers wanting to see retailers...
Landlords of New Look stores have lost their legal battle against the fashion chain’s major restructuring plan.
The High Court ruled against a group of property owners who had challenged the retailer’s company voluntary arrangement (CVA).
New Look launched the CVA in September after sales were hammered by store closures in the face of the coronavirus pandemic.
It agreed a CVA deal...
Whilst economic uncertainty is making shoppers more sensitive to pricing and promotions in-store, younger demographics prove more loyal to branded purchases, the latest research from Pricer, the world’s most reliable provider of ESLs (Electronic Shelf Labels), reveals.
Original research of over 2,000 UK shoppers in the latest ‘Pricer Consumer Insight Report 2021’ Report’, showed that when it comes to grocery...
Royal Mail is to trial the use of drones to deliver health and safety equipment, Covid testing kits and other items to the Isles of Scilly.
The company said it will be first time an out-of-sight, autonomous scheduled drone flight has been used between the UK mainland and an island.
Part of the trial will also include inter-island parcel deliveries across...