Black Friday: Retailers look to cash in as early spending surges Black Friday spending is up by more than a fifth as Brits look to find deals online and on the high street, according to early data. The discount day last year was the busiest shopping day on record for Nationwide customers, and the lender said by 9am spending was up 21 per cent compared to [...]
The Debate: Is Black Friday actually good for business? Opinion As a tumultuous year for retail draws to an end, the next five weeks are arguably the most important for UK retailers. With consumer confidence remaining unsettled, many retailers are reportedly hopeful that the upcoming Black Friday sales will give them the boost they need to meet their targets. However, consumers are increasingly savvy about [...]
Shoppers warned to be wary of social media scams this Black Friday Retail Fraud is set to reach an all-time high this Black Friday, with online social media scams the most likely place for fraud to occur, according to new data. UK shoppers are expected to spend £9.14bn over the four-day Black Friday weekend – a 4.5 per cent increase on last year, according to Globaldata. But fraud [...]
Retail sales growth slumps in October as consumers remain cautious November 5, 2024 Retail sales growth dipped in October due to pre-election anxiety, the latest figures have shown. According to the British Retail Consortium (BRC)-KPMG sales monitor, retail sales in the UK increased by 0.6 per cent year over year in October, compared to 2.6 per cent growth in October 2023. Food sales nudged up 2.9 per cent [...]
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Retail sales smash expectations despite a drop in consumer confidence September 20, 2024 Retail sales in the UK blew past expectations in August, climbing to their highest level since July 2022, according to the Office for National Statistics (ONS). Sales were up one per cent compared to the previous month, beating analysts’ predictions of a 0.4 per cent rise. The increase builds on July’s return to growth, which [...]
Gymshark: Profits continue to fall despite surge in sales February 22, 2024 Profits continued to fall at Gymshark during its latest financial year despite its sales surging past £550m, newly-filed documents have revealed.
Merry Clickmas: UK shoppers splashed £24bn online over festive season January 8, 2024 Christmas shoppers in the UK filled their carts with more than £24bn in online spending over the festive season, fresh data has revealed.
Early-morning queues mark arrival of Boxing Day sales on Oxford Street December 26, 2023 Shoppers are expected to pack out high streets across the UK looking for bargain buys in the Boxing Day sales.
Brits to cough up an £100 extra on festive treats this Christmas December 5, 2023 Cash-conscious Brits are loosening their purse strings in the run-up to Christmas as they prepare to spend an extra £100 on festive food and activities.