Retail sales growth slumps in October as consumers remain cautious November 5, 2024 Retail sales growth dipped in October due to pre-election anxiety, the latest figures have shown. According to the British Retail Consortium (BRC)-KPMG sales monitor, retail sales in the UK increased by 0.6 per cent year over year in October, compared to 2.6 per cent growth in October 2023. Food sales nudged up 2.9 per cent [...]
Retailers prepare for ‘exceptionally tough’ golden quarter after Budget November 4, 2024 The golden quarter is off to a slow start and things are only set to get tougher for retailers over Christmas, according to fresh data. In-store sales grew by 1.7 per cent year on year in October, while total sales – both in-store and online – grew 4.1 per cent, according to BDO. Whilst the [...]
Schuh has created over 1,000 jobs since lowest pandemic ebb November 4, 2024 Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck. The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months. Until the end of its [...]
Burberry shares jump on Moncler takeover rumours November 4, 2024 Shares in British luxury retailer Burberry have jumped this morning on rumours that the fashion house could be a takeover target for Italian outerwear brand Moncler. Burberry’s share price rose more than seven per cent in early trades, before paring back gains to just over four per cent. Specialist fashion site Miss Tweed reported that [...]
M&S to report £6.6bn in sales amid turnaround in fortunes November 3, 2024 Such a performance would put further weight behind comments from boss Stuart Machin in May, hailing the "beginnings of a new M and S."
SulNOx Group Plc October 31, 2024 SulNOx Group Plc specialises in inventing immediate and responsible solutions towards decarbonisation and offers green solutions to the world we live in today, where fossil fuels are still very much in demand and still growing. Our patented, biodegradable, greentech fuel conditioners have been sold in 37 countries and are unique in reducing liquid hydrocarbon fuel consumption and [...]
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
Autumn Budget 2024: Vaping tax and tobacco duty to increase October 30, 2024 Smokers and vapers are set to pay more in Britain as Chancellor Rachel Reeves today announced a new vaping tax and an increase in tobacco duty during her Autumn Budget. She confirmed that the government will introduce a “flat rate duty” on all vaping liquid from October 2026, while also renewing the tobacco duty escalator [...]
Next predicts £1bn profit after cold weather boosts sales October 30, 2024 Next has upgraded its profit forecast for the year to over £1bn after better-than-expected sales in its third quarter. The FTSE 100 retail giant, which is headquartered in Leicester, has upgraded its guidance from £995m to £1.005bn. In an update to the London Stock Exchange, Next said full price sales in the three months to 30 October [...]
Jaguar Land Rover: Drivers using plug-in hybrids as ‘stepping stone’ towards electric cars October 30, 2024 Jaguar Land Rover has revealed a sharp rise in the sales of its plug-in hybrid models (PHEV) as its customers use them as a ‘stepping stone’ towards battery electric vehicles (BEV). The automotive giant has reported a 59 per cent rise in PHEV sales during the first half of its financial year compared to the [...]