Customers’ own brand switch slows sales growth at Victorian Plumbing February 27, 2024 Customers switching to own brand products because of the cost-of-living crisis impacted sales at Victorian Plumbing during the first part of its financial year, according to new figures.
Spending on discounts rises four per cent as Brits do Valentine’s Day on a budget February 27, 2024 Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continue to seek out discounts despite cooling inflation.
Grocery inflation hits lowest level in two years, but non-food items keep rising February 27, 2024 Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British Retail Consortium’s (BRC) latest reading showed food inflation also slowed to 5.0 per cent this month, down from 6.1 per cent in January and is [...]
Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless February 27, 2024 A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless , according to a new study by Barclays, as the payment method traditionally used by youngsters goes mainstream.
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Gig economy: Law firm launches probe for Parcelforce drivers in latest workers’ rights row February 26, 2024 Law firm Leigh Day has launched an investigation on behalf of Parcelforce drivers to establish if they have been misclassified as self-employed independent contractors rather than workers. The probe was launched in order to consider if the drivers have a potential group claim on their hands as they could be missing out on holiday pay and the [...]
England Rugby World Cup winner Phil Vickery steps down from Raging Bull role February 26, 2024 England Rugby World Cup winner Phil Vickery has stepped down as a director of the Raging Bull clothing brand he founded.
Record sales for Flight Club Darts and Electric Shuffle as global expansion targeted February 26, 2024 Sales surged to record levels at the group behind Flight Club Darts and Electric Shuffle in 2023 as it prepares to open new venues in the UK, US and Australia.
Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London