Tourist Tax: M&S and Primark urge Jeremy Hunt to ‘think again’ as £11.1bn wiped of GDP January 30, 2024 Business leaders are piling fresh pressure on the government to scrap its controversial tourist tax as data shows it is eating away at UK GDP and banishing international visitors.
The Notebook: Hunt must scrap the tourist tax if the UK wants to stay competitive January 29, 2024 Where the City’s movers and shakers have their say. Today, James Chapman, Director of Soho Communications, takes the Notebook pen. The tourist tax is causing the UK to fall behind European rivals Ahead of his Spring Budget, Chancellor Jeremy Hunt is casting around for measures to promote that most elusive of things, economic growth. It’s [...]
Primark: Market share up as ABF thanks Rita Ora and late-arriving cold weather January 23, 2024 One in every seven pounds spent on clothing, footwear and accessories is now spent in ABF-owned Primark
Small shops suffer as UK’s shoplifting problem grows, Nisa warns November 13, 2023 Nisa has urged the government not to forget “the plight of independent retailers” as it attempts to clampdown on the surge in shoplifting.
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
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn
ABF: Rita Ora collaboration helps Primark owner’s revenues hit almost £20bn November 7, 2023 Primark owner Associated British Foods (ABF) has continued to rake in hefty profits despite the cost of living crisis, with group revenue for the full year rising 16 per cent to £19.7bn. The owner of the budget fashion brand said that revenues at its retail arm rose 17 per cent to £9bn as customers flocked [...]
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.
I’d never normally protest, but Sunak is bleeding the tourist economy dry November 1, 2023 Sir Rocco Forte and a host of other business leaders are protesting over the tourist tax today. He explains why.
How Brits (and businesses) fell in love with the humble retail park September 20, 2023 On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.