Retail sales fall to lowest level in two years as inflation bites November 17, 2023 Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
Black Friday sales due to drop by a quarter as cash-strapped Brits hold off for Christmas November 16, 2023 Overall, the proportion who do not intend to buy at all has increased from 39 per cent last year to 56 per cent.
Moving markets today: What’s shaping the FTSE 100 this morning November 13, 2023 Moving markets: FTSE 100 traders set to keep an eye on Asian inflation figures, oil prices and the US debt ceiling
Evri invests £46m in customer service improvements ahead of Christmas November 10, 2023 Delivery giant Evri has said it is investing £46m to boost its customer service and operations ahead of the busy Christmas period.
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas November 8, 2023 Cash strapped Brits are forecasted to spend a whopping £3.7bn using Buy Now Pay Later (BNPL) schemes in the run up to Christmas, as the cost of living crisis continues to plunge shoppers into debt. The figure is expected to rise a staggering 8.8 per cent from the previous year, as more customers under the [...]
Sam Bankman-Fried’s FTX fallout and a sudden interest in Bitcoin’s Wikipedia page November 7, 2023 The price of Bitcoin moved mostly sideways throughout the past seven days, starting at around $34,300 and rising to $35,100.
UK lags behind US in predicted consumer spending this Christmas November 2, 2023 A report has shown emerging trends that UK retailers will be struggling this festive season, despite beliefs black Friday will boost revenues.
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.
Ollie Phillips: All Blacks, Springboks, England and a new dawn October 27, 2023 Beating the Springboks turned out to be a step too far for Steve Borthwick’s England despite the level of experience they took into the Rugby World Cup. But on Saturday, when the Springboks take on New Zealand in the final in Paris, I think the South Africa train will run out of steam. There’s so [...]