The Debate: Is Black Friday actually good for business? November 28, 2024 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 [...]
Black Friday: Amazon workers to strike on one of busiest retail days of the year November 25, 2024 Amazon workers in more than 30 countries, including the UK and US, will strike this Black Friday in a protest against the labour practices of the tech giant. The strike, coordinated by the Make Amazon Pay campaign, is the fourth consecutive year of organised action. Protests will also take place in major cities in dozens [...]
Shoppers warned to be wary of social media scams this Black Friday November 24, 2024 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 [...]
How Tiktok is driving Brits to spend local instead of luxury this golden quarter November 22, 2024 Black Friday is known for being the one of the few days of the year when budget-conscious shoppers can flock to their favourite online retailer or high street shop and not feel (too) guilty with the price of their purchases. High-priced, big-name brands have traditionally taken the lead in terms of ringing in the festive [...]
Retail sales fall on Budget uncertainty before run-up to Christmas November 22, 2024 Retail sales fell by almost one per cent last month as cash-strapped Brits held back big ticket purchases amid a cloud of Budget uncertainty. The Office for National Statistics said this morning they dropped by 0.7 per cent in October, following a 0.1 per cent rise the previous month, which had been revised down from [...]
Retailers reassess how to reel in cash-strapped Brits for Black Friday November 16, 2024 As Brits’ loyalty to brands continues to erode and their commitment to seeking value continues to rise, retailers are optimising their digital presence in hopes of a bumper festive season. With online spending reaching ever-higher levels, and brand loyalty going down thanks to the increasing ease of switching between products on the internet, it’s become [...]
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 [...]
Former Dragons’ Den star Theo Paphitis targets first Boux Avenue profits May 15, 2024 Former Dragons' Den star Theo Paphitis is targeting a first ever profit for his lingerie stores chain Boux Avenue despite its losses widening.
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.