Royal Mail strikes will crush retail and small businesses when we need them to grow November 24, 2022 The UK boasts one of the world’s most sophisticated ecommerce economies, with small businesses thriving by scaling up their retail operations online. But more than four decades on from the Winter of Discontent, industrial action risks destabilising this flourishing online economy. We understand the challenges that workers are facing during these unprecedented times, with higher [...]
Black Friday will have a black mark to its name if it ignores the climate question November 24, 2022 If you are walking past a colleague’s desk tomorrow, and their screen is full, not of the task due yesterday, but of Black Friday sales, they are one of the 76 per cent of customers hunting for discount deals. For some, the day of mega sales can be traced back to a Wall Street stock [...]
Camelot posts record half year thanks to online boost November 23, 2022 Outgoing National Lottery operator Camelot posted its highest half-year sales this morning as soaring online sales continue to save the day. The company said that the rising number of online players offset the dwindling in-store ticket and scratchcard demand, with sales topping £4bn for the first time in its history. Despite the “difficult” retail landscape [...]
Halfords focusing on offering shoppers more essentials as they slash discretionary spending November 23, 2022 Halfords must transform into offering more essential products as shoppers trim back discretionary purchases, bosses said on Wednesday morning. The cycling specialist said that a switch-up to selling more “needs-based” items was key as the firm must become less “reliant and exposed to the volatility of more discretionary product markets.” It warned it was expecting [...]
Black Friday is a white knight November 23, 2022 Last week’s ONS statistics may have “rebounded slightly”but the outlook is still disappointing.
Volkswagen: China sales remain on par with 2021 as Covid and shortages continue November 22, 2022 Volkswagen forecasts China sales in 2022 to be on par with last year’s levels as the impact of the pandemic and of semiconductor shortages lingers on. The automotive manufacturer told German business newspaper Handelsblatt it was expecting to deliver 3.3 million vehicles – 14.3 per cent down from previous expectations. “This corresponds to a market [...]
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
Harrods sees £15m drop in business rates assessment as retail undergoes dramatic revaluation November 21, 2022 More than half a million retail properties across England and Wales have now been revalued with new rateable values, which will be used to calculate business rates liabilities from 1 April 20023 to 31 March 2026, having been published showing a fall of 10 per ccent overall for the sector. The Valuation Office Agency, an [...]
Wilko reviewing management of financing ahead of vital Christmas season November 20, 2022 Discounter Wilko has said it has a strong relationship with lenders, amid newspaper reports that it is urgently attempting to secure a £30m cash injection. The high street chain was reported to be in emergency talks with alternative lenders over rescue cash, off the back of a dramatic leap in interest rates, according to The [...]
UK retail sales rebound following growth in all areas except food shops November 18, 2022 UK retail sales rebounded slightly last month on the back of growth in all areas except food shops, according to new figures out this a.m. The Office for National Statistics (ONS) said retail sales volumes increased by 0.6 per cent in October, following a 1.5 per cent drop in September, which had been impacted by [...]