Retail data to show UK spending boost from Black Friday – London Report December 7, 2014 Black Friday is expected to have added a healthy boost to November’s retail sales, which the British Retail Consortium is due to announce tomorrow. Howard Archer, of Global IHS Insight, said: “While consumers are always keen to take advantage of bargains, particularly in the run-up to Christmas, the desire for bargains has undoubtedly been heightened [...]
Exclusive: “We are the anti-Uber”, says Kabbee CEO Justin Peters December 5, 2014 Yesterday, taxi app company Uber was valued at $40bn (£25.7bn) after it completed a $1.2bn funding round. This year, London has experienced an explosion in the growth of taxi apps, with different services dealing with black cabs, minicabs and other vehicles springing up all over the capital. Speaking to City A.M., Justin Peters, chief executive of [...]
Monkeys understand value better than humans because they aren’t fooled by expensive brands December 5, 2014 Everyone likes to think they’re good at grabbing a bargain and finding the best deals (if Black Friday’s anything to go by, anyway), but new research shows there may be a better species of bargain-hunter in town. Monkeys understand value better than humans because they know a higher price doesn’t always mean better, whereas people [...]
Abercrombie & Fitch continues to struggle as it cuts outlook December 3, 2014 Teen retailer Abercrombie & Fitch cut its profit forecast for the year to between $1.50 and $1.65 adjusted earnings per share, which was below analyst estimates. The company said that adjusted net income fell to $30.4m in the third quarter, down 25 per cent from the year earlier. It cited "disruption and turmoil" in the teen clothing [...]
Black Friday sales record for John Lewis December 2, 2014 JOHN Lewis has recorded its best ever week of sales in its 150-year history thanks to shoppers rushing to snap up bargains on Black Friday last week. The department store sold one tablet every second and a Samsung 40-inch Smart TV every minute.
Black Friday powers John Lewis’ best week ever December 2, 2014 John Lewis has reported its best-ever week for sales in its 150 year history, thanks to the power of Black Friday. The sales bonanza, which the department store had invested heavily into, resulted in sales of £179.1m, up 21.8 per cent year-on-year, and 56.8 per cent up on the previous week. It easily [...]
2014 Black Friday, Cyber and Manic Mondays set to break all UK records December 1, 2014 Black Friday became a weekend-long shopping spree yesterday as consumers were set to spend about £650m during Cyber Monday. Yesterday marked another pre-Christmas internet shopping frenzy, and industry body IMRG estimated that about £451,000 was spent per minute – making it the busiest online shopping day ever and a 26 per cent increase on last year. Market [...]
Christmas reading: Why not try a business book? From Amazon’s 14 principles to TED Talk secrets December 1, 2014 Although you might feel mildly frustrated if you’ve missed out on the four day-long Black Friday to Cyber Monday discount shopping extravaganza, that shouldn’t stop you from getting a good Christmas read sorted in advance. There are plenty of guides to the best books of 2014 – from novels to economic tomes – [...]
The best places to find Cyber Monday deals 2014: John Lewis, Tesco, Asos, Marks and Spencer, Game, Samsung, Halfords and Morrisons December 1, 2014 Beleaguered shoppers are still nursing their bruises and retailers are still fixing up their stores following UK's biggest-ever "Black Friday", yet the deals keep on coming. Tomorrow is "Cyber Monday", the internet's biggest shopping day of the year when online retailers offer consumers another chance to grab a bargain as the Christmas shopping season [...]
Worker Bees: Cyber Monday piles on the pressure November 30, 2014 Today’s Cyber Monday event could be the biggest shopping day of the year – keeping Amazon’s warehouses packed to the rafters. Amazon, which sold 5.5m items on Friday at a rate of 64 purchases a second, has filled warehouses, such as this one at Peterborough, with 13,000 extra staff to meet pre-Christmas demand. The Centre [...]