JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
London markets rebound as retailers lead FTSE 100 higher January 11, 2022 London markets rebounded from a poor day yesterday, led higher by investor sentiment toward retailers strengthening after a strong Christmas trading period. The capital’s premier FTSE 100 index climbed 0.39 per cent to 7,474.07 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, added 0.59 per [...]
Shoppers spend £14bn on Christmas categories as supermarket sales growth exceeds forecasts January 11, 2022 Shoppers dashed to supermarkets to make last-minute Christmas purchases as weekly sales growth peaked in the week ending 25 December. Brits splashed out £14bn on Christmas products over the three month festive period, according to data from NielsenIQ. Sales growth for the period surpassed initial forecasts from NielsenIQ analysts, who predicted sales would grow to [...]
Warhammer retailer Games Workshop reveals dip in profits but CEO says ‘we are on the front foot’ January 11, 2022 Games Workshop has revealed a dip in profits for the past six months as higher costs offset sales growth. The Warhammer retailer reported that pre-tax profits fell by 3.7% to £88.2 million for the six months to November 28. It came as the business highlighted £2 million in extra shipping and freight costs over the [...]
Shoe Zone kicks back delivering 58 per cent boost from digital growth January 11, 2022 Shoe Zone reported recovering revenues, as the shoe retailer continues to diversify its offering to survive. It announced a revenue of £119.1m, compared to the previous year’s £122.6m. Profit before tax was at £9.5m for the period up to October 2021 (2020: £14.6m loss) with an earnings per share of 14.0p (2020: (23.8)p loss per [...]
Strong retail sales in December despite Omicron onslaught January 11, 2022 UK retailers posted strong sales last month as shoppers splashed out on bumper Christmas celebrations despite the surge in Covid-19 cases, according to new figures. The latest BRC-KPMG retail sales monitor revealed that total sales rose 2.1% in the month to January 1 compared with the same period last year. It added that like-for-like sales [...]
Retailers fighting for every inch of warehouse space as e-commerce boom rapidly increases storage shortage January 10, 2022 A surge in demand for logistics sites in 2021 is increasingly leading to a shortage of warehouse space, according to new data. Experts at real estate advisory firm Colliers said the take-up for large industrial distribution warehouses increased to record annual levels. Around 50.7 million sq ft of large distribution warehouses were snapped up in [...]
All eyes on yields this week after latest job data points to even tighter labour market amid record vacancies January 10, 2022 It was a week of two halves for European equity markets last week, getting off to a flyer in the first three days with the Stoxx600, setting a new record high, along with the CAC40 and the FTSE100 moving above 7,500 for the first time since February 2020. The latter part of the week turned [...]
Race for space: Store shortage hits retailers January 9, 2022 The UK is witnessing a shortage of supply of warehouse space after a surge in demand for logistics sites in 2021, according to new research. Experts at real estate advisory firm Colliers said the take-up for large industrial distribution warehouses increased to record annual levels. Around 50.7m sq ft of large distribution warehouses were snapped [...]
Retailers’ hopes for Christmas boost dashed as Omicron fears discouraged shoppers January 7, 2022 Hopes for a Christmas that would see high streets near pre-pandemic levels of trade were dashed last month as Covid fears discouraged shoppers. While England enjoyed a festive period free of restrictions on social gatherings once more, high streets marked a footfall decline of 23.1 per cent last month, compared to 2019. This was 3.5 [...]