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...
Sales at pharmacy chain Boots have dropped by nearly 18% in the UK, the company’s parent revealed on Wednesday.
The drop was caused by the continued impacts of Covid-19, which is pushing down the number of customers using the UK’s high street stores.
Sales fell 17.8% in the three months to the end of February, even as its website, Boots.com, saw...
Hospitality and retail bosses have warned that the use of vaccine passports or certification for customers entering venues could face “legal concerns” and create enforcement problems for businesses.
Last week, Prime Minister Boris Johnson said pubs and other venues could use vaccine passports, before backtracking slightly to clarify that this may only be introduced once all UK adults have been...
Shares in Deliveroo plummeted by as much as 30% as it made its highly-anticipated launch on the London Stock Exchange.
Around £2 billion was wiped off the value of takeaway delivery firm as City traders balked at the flotation.
The company opened trading below 270p per share, having said it would launch its shares as a publicly-listed firm at 390p earlier...
Deliveroo has confirmed that it will be valued at around £7.6 billion in its bumper London listing.
Earlier this month, the takeaway delivery giant said it hoped for a valuation between £7.6 billion and £8.8 billion.
However, it has said it will now price shares at the very bottom of its potential range after a number of leading UK fund managers...
Shop prices continued to fall in March as the third consecutive month of lockdown led many retailers into heavy discounting, figures show.
Overall prices fell by 2.4%, the same rate of decline as in February and below the 12 and six-month average decreases of 1.8% and 2% respectively, according to the BRC-Nielsen Shop Price Index.
Prices of fashion and footwear have...
Consumers are planning for Easter with renewed enthusiasm if sales of chocolate eggs and hot cross buns are anything to go by.
British households had already spent £37 million on hot cross buns and £153 million on eggs by March 21, £48 million more than at two weeks prior to Easter last year, figures from analysts Kantar show.
Last year’s lockdown...
Retailers are increasingly aware that yesterday’s business processes and technologies are hopelessly out of date with retail realities of today – not to mention of the future. The proliferation of competition, both online and brick-and-mortar, the rise of digital-native shoppers and the reality of 24x7 complete transparency were apparent even pre-pandemic. But the global COVID outbreak accelerated the migration...