Coffee prices soar as poor harvests hurt supply November 22, 2021 Coffee shops which have benefitted from the return of office workers are being hit hard by poor harvests in Brazil.
Nintendo Switch is the UK’s most searched Black Friday deal November 22, 2021 The Nintendo Switch is the most anticipated tech for Black Friday in the UK, new research has revealed.
Australian Buy Now Pay Later firm wades into UK market November 22, 2021 Australian Buy Now Pay Later (BNPL) firm humm has waded into the UK’s alternative credit market ahead of Black Friday and Christmas sales. It means Brits will be able to borrow between £1 and £3,000 across 12 months with zero interest. The Australian-listed firm offers consumers the ability to pay in five or 12 instalments [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
Retail sales jump by modest 0.8 per cent in October November 19, 2021 UK retail sales rose in October, ending a five-month run of falling or flatlining sales, according to official figures. The Office for National Statistics (ONS) said retail sales volumes rose by 0.8 per cent last month compared to September, following no movement between September and August. The ONS said non-food stores were the only main [...]
Consumer confidence edges up despite inflation and supply chain woes November 19, 2021 Shoppers put aside concerns about soaring inflation and supply chain woes and spend in the run-up to Black Friday and Christmas, leading consumer confidence to edge up, according to new data published this morning. GfK’s long-running Consumer Confidence Index increased three points to minus 14 in November following a three-month downturn. A seven-point jump in [...]
Rush to buy Christmas presents lifts Brits’ optimism November 19, 2021 A rush to buy Christmas presents early to avoid being stung by potential shortages has lifted Brits’ confidence. Shoppers are ready to pounce on big ticket purchases at Black Friday and over the festive period, research by GfK has found. Intention to splurge on expensive products jumped seven percentage points over the last month, climbing [...]
Retailers to lose £5.6bn due to supply chain nightmares November 17, 2021 Retailers are set to lose £5.6bn after reporting heavy losses due to supply chain disruption. According to Coupa Software’s survey of around 600 supply chain leaders at retailers across Europe, retailers anticipate losses of up to 20 per cent. Supply chain issues have been blamed, with UK retailers estimating an average loss of 5.7 per [...]
High street stalwarts shun Black Friday November 13, 2021 High street stalwarts are shunning Black Friday this year due to the discount shopping event losing its pull among consumers. The likes of Marks and Spencer and Next will stop offering discounts on products due to the event squeezing margins and offering little value to businesses. Other online retailers, including Amazon and AO.com, are intending [...]
Nintendo Switch ranked the most successful game of all time with 22m consoles sold per year November 11, 2021 New research has revealed the most successful game consoles of all time, with the Nintendo Switch topping the list.