Letters: A black mark against sales November 30, 2021 [Re: Bumper Black Friday and Cyber Monday sales are a relic of old consumer habits, Nov 27] Black Friday marks the start of the peak shopping period, which more than half of UK retailers have described as “make or break’”for their business this year. While it’s an important weekend to boost sales, research has shown that [...]
Topps Tiles reports soaring retail sales thanks to new products November 30, 2021 Topps Tiles has declared a record year of revenue despite lockdown restrictions earlier this year. In results for the 53 weeks ended 2 October, the group posted retail like-for-like sales up 19.6 per cent. “We believe this performance underlines the strength of our strategy and the success of new initiatives including the expansion of our [...]
When the chips are down: the tiny piece missing from our supply chains November 30, 2021 If you haven’t already bought your tech gifts this Christmas you may have to come up with some more primitive alternatives for your loved ones. Chronic shortages of chips, the tiny semiconductors that are essential to a myriad of technologies, as well as high labor and transport costs, mean that Christmas gifts this year such [...]
Hammerson reveals it hopes to pocket more than £140m from sale of Silverburn shopping centre November 29, 2021 Retail property giant Hammerson is in talks over the sale of the Silverburn shopping centre near Glasgow for around £140m. Shares in the company moved higher on Monday after it confirmed talks over the disposal of the site, which is a 50-50 joint venture Hammerson holds with the Canada Pension Plan Investment Board (CPPIB). Silverburn, [...]
FTSE 100 firms lag in biodiversity efforts as net zero clutches full focus November 29, 2021 Just 25 FTSE 100 firms have undergone biodiversity audits, with the majority of London largest listed firms distracted by net zero, according to a new report shared exclusively with City A.M. While just 12 of these businesses assessed their biodiversity commitments across their supply chain. More than one in three companies on the index make [...]
Bumper Black Friday and cyber Monday sales are a relic of old consumer habits November 27, 2021 For small businesses, the weekend of bumper sales from Black Friday through to Cyber Monday is not just a race they cannot keep up with, it is a race right to the bottom. No wonder most independents are not taking part. The now classic Black Friday sale is big on discounts and small on nuance. [...]
George at Asda launches treasure hunt for second-hand Gucci items November 25, 2021 Supermarket Asda has teamed up with vintage wholesaler PreLoved, ahead of the anticipated release of Ridley Scott’s House of Gucci. Some 30 exclusive pieces have been hidden across 50 Asda stores across the country, with shoppers encouraged to hunt for second-hand items. Pieces will be on sale for as little as £12. With the latest [...]
Retailers hike prices at fastest pace in three decades as Brits brace for Xmas shopping crunch November 25, 2021 Retailers are hiking prices at the fastest pace in over three decades as Brits rush to scoop up Christmas presents to avoid being left empty handed, reveals fresh research published today. Some 77 per cent of retailers raised prices over the last three months to November, the highest rate since 1990, according to data from [...]
Five big cryptocurrency trends to watch out for in 2022 November 25, 2021 Raymond Hsu, co-founder and CEO of Cabital discusses the developments that should shape cryptocurrency in 2022.
From Doge to riches: Investors swap crypto for property November 25, 2021 UK investors have been trading in gains made on their bitcoin and dogecoin investments for property a new survey has revealed.