Poundland faced with staggering tenfold rise in shipping costs October 14, 2021 Discount retail giant Pound has seen shipping costs rise tenfold due to global supply chain issues. Andy Bond, chief executive of PepCo, which also runs Dealz stores across Europe, said the retailer has enough stock to keep shelves full although he admitted price pressures are being felt. He did not expect the pressures to ease [...]
Boots sales knocked by dip in footfall but buoyed by Covid-19 test demand October 14, 2021 Sales hit £34bn in the three months to 31 August at Walgreens Boots Alliance (WBA), the combined group of pharmacy chains Walgreens and Boots. Boots UK pharmacy sales lifted 11.4 per cent in comparison with last year, signalling strong demand for pharmacy services, notably Covid-19 tests. While retail sales jumped 15 per cent. High street [...]
Three jobs to apply for this week (including a REALLY cool one at eClerx) October 14, 2021 Are you on the hunt for a new gig? Well, you have come to the right place. This week, we’re bringing you three brilliant (and interesting) roles that are available on City AM Jobs. So if you are looking for a new opportunity, get applying… Analytics Consultant, eClerx This role on the Solutions Consulting team [...]
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Here we go: EU proposes to cut checks by 80 per cent, less Brexit paperwork and free medicine flow October 13, 2021 EU proposals to reframe the Northern Ireland protocol are in as the European Commission released the details this afternoon. It is proposing to cut spot checks, reduce paperwork and make the flow of medicines easier. The EU proposals to address practical difficulties around the implementation of the Northern Ireland Protocol cover four specific areas, with [...]
Shoppers cut down on supermarket trips amid petrol panic buying October 12, 2021 Brits limited the number of trips they made to supermarkets in the past month because of a reduced availability of fuel. The average household made 15.5 store visits in the past four weeks, the lowest monthly figure since February, according to the grocery market share figures from Kantar. The proportion of groceries bought online – [...]
French Connection boss steps down as group recovers from Covid October 12, 2021 French Connection’s chief executive Stephen Marks will retire from the global retailer, as the company recovers from Covid-19. Commenting on the six-month results, he said: “This is an appropriate time for me to step back from the business that I founded in 1972, and I would like to take this opportunity to thank all our [...]
Wednesday’s GDP figures will remind Brits of sunnier economic times October 12, 2021 The economic mood at the moment is not upbeat. Households are facing an acute cost of living crisis, businesses are warning of shortages at Christmas, inflation is likely to run hotter and for longer than the Bank of England initially expected. Doom and gloom. However, on Wednesday, positivity will be partly revived as the Office [...]
Waistcoats and aviators: Lockdown TV drives fashion sales October 12, 2021 John Lewis has revealed how lockdown TV inspired fashion and lifestyle trends over the past year. Television series replaced the shop window, the retailer said. In March 2021, searches for aviator sunglasses and sales of AND/OR flare jeans rose after 1970s-set The Serpent aired on the BBC. Sales of waistcoats jumped 114 per cent between [...]
Customers hesitant to buy bulky furniture amid fuel worries October 12, 2021 Brits were hesitant to purchase larger goods like furniture last month amid damp weather and fuel shortage concerns. September marked the slowest retail sales growth since January, when the UK was subject to lockdown measures. UK retail sales decreased 0.6 per cent on a like-for-like basis from September 2020, when they had increased 6.1 per [...]