Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.
Can Sainsbury’s flat earnings squash profiteering claims? November 2, 2023 Sainsbury's has been ramping up its loyalty Nectar card scheme so that shoppers can get discounts on their groceries during a period of high inflation.
Asos chief: We’ll ‘reignite our brand heat’ to turn firm around November 1, 2023 Despite a fall in earnings, Asos said it is on track to deliver revenue growth of pre-COVID levels by the 2025 financial year.
Rinse, repeat: Next upgrades profit guidance yet again November 1, 2023 High street bellwether Next continues to defy headwinds in the UK economy
West End makes fresh calls for end to tourist tax ahead of ‘make or break’ festive period October 31, 2023 New West End Company forecasts up to £1.64bn in spending this festive season — but it may be up to international shoppers to take the wheel.
Blank Street: How the New York coffee chain plans to take over London October 31, 2023 City A.M. sits down with the UK managing director of Blank Street to hear how it plans to dominate London'scoffee market.
AB Inbev: Budweiser maker backs guidance despite falling volumes October 31, 2023 The drinks giant said that volumes fell by 3.4 per cent, with demand in other regions offset by falls in America and Europe.
Coca-Cola HBC reports strong growth despite fluctuating volumes in Russia and Ukraine October 31, 2023 Chief executive Zoran Bogdanovic said the company continues to invest in its future with a "clear" focus.
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
Shazam founder warns retailers to embrace AI – or lose out October 31, 2023 A founder of Shazam has said businesses must deploy AI in online shopping, or risk losing out to the likes of Amazon.