DIY firm Kingfisher sales jump on online boom January 12, 2021 Home improvement firm Kingfisher said that a boom in online sales had seen fourth quarter sales rise 16.9 per cent. In a trading update, the London-listed firm said that it was comfortable with the top end of current estimates for profit of £667m-£742m this year. It added that e-commerce sales had increased by 150 per [...]
Very.co.uk enjoys record-breaking Christmas period January 12, 2021 Very.co.uk increased sales by 25 per cent year-on-year in the seven weeks leading up to Christmas, recording its best ever figures over the holiday period. Home and electrical goods were the standout categories for the online retailer, up 46 per cent and 45 per cent respectively. Among the top selling items were bedding and soft [...]
Deliveroo to roll out to 100 new towns and cities in 2021 January 12, 2021 Deliveroo will expand its service to 100 new towns and cities across the UK in 2021, following increased demand for business in 2020. The towns and cities earmarked for expansion include Yeovil, Bangor (Northern Ireland), East Kilbride, King’s Lynn, Scarborough, Llanelli and Exmouth. The move will mean the takeaway delivery app is available to 4 [...]
Retail sales suffer worst year on record as lockdowns bite January 12, 2021 UK retail sales suffered their worst year on record in 2020 as Covid-19 lockdown measures decimated customer numbers. In-store sales of non-food items — which includes all non-essential retailers — dropped by almost a quarter last year compared to 2019. For 2020 overall, total sales declined 0.3 per cent on the previous year, marking the [...]
Marks & Spencer buys Jaeger out of administration January 11, 2021 Marks & Spencer today confirmed it has bought fashion brand Jaeger, which collapsed into administration last year. The retailer has agreed to take over the Jaeger brand, and is finalising terms to buy up stock and marketing assets. The deal will not include any stores, and it is unclear whether any jobs will be saved. [...]
Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss January 11, 2021 Cruise ship operator and Diamond Princess owner Carnival posts $2bn loss
British Land ‘bruised but not broken’ despite collecting less than half of rent from UK retailers January 11, 2021 British Land will emerge from the pandemic intact despite collecting less than half the rent it is owed for December, according to a City analyst.
Ocado sounds alarm on product availability as supermarket shelves stand empty January 11, 2021 Ocado has warned that the availability of some products is being impacted by coronavirus-related staff absences in its supply chain. With more staff off sick or forced to isolate some grocery suppliers are having to consolidate their lines. “Staff absences across the supply chain may lead to an increase in product substitutions for a small [...]
New year, same lockdown: UK shopping trips fall 27 per cent in first week of January January 11, 2021 New year, same lockdown: UK shopper numbers fall 27 per cent in first week of January
JD Sports shares pop as firm raises profit outlook January 11, 2021 Sportswear giant JD Sports saw its shares rise 4.6 per cent this morning after the firm announced that full-year profit would “significantly ahead” of estimates. In a trading update, the FTSE 100 firm said that “robust” sales during the pandemic would see it come in ahead of the £295m forecast. That’s despite the fact the [...]