Morrisons Reports Third Consecutive Year of Profit Growth
Supermarket chain Morrisons reports a 16.9% profit growth to £380 million, marking its third year of positive financial growth....
Monthly Archives: March 2018
Millennials Deterred by Difficult Returns Processes
Millennial shoppers are abandoning online retailers with complicated return processes, according to research by returns management company ReBOUND. The...
Oxford Street Pedestrianisation Plans Gain Momentum
In a recent consultation report, plans to turn London's Oxford Street into a pedestrian-only zone have received support from...
UK Retail Giants Commit to Sustainability and Equality with ‘Better Retail Better World’ Initiative
Leading UK retailers like Sainsbury's and John Lewis have joined forces in a groundbreaking initiative called 'Better Retail Better...
Weakest Consumer Spending Start Since 2012: High Street Struggles
In a recent Visa UK Consumer Spending Index report, overall consumer spending in February showed its weakest start to...
Independent Retailers Thrive Amid Chain Store Closures
As multiple stores like New Look, Maplin, and Toys 'R' Us close down, a study by OnBuy.com reveals an...
French Connection Nears Profitability with Reduced Losses and Revenue Growth
French Connection is on the brink of returning to profitability as annual losses significantly decrease. Group revenues increased by...
Farfetch’s £4bn IPO on the Horizon
Luxury retailer Farfetch, which enables 900 boutiques and brands to sell designer products worldwide, hires JP Morgan and Goldman...
Retail Footfall Declines in February: BRC Data Shows Mixed Results Across UK Regions
In February 2018, retail footfall dropped by 0.5%, a significant decrease compared to the previous year's rate of 1.0%....
UK Retailers at Risk: Interest Rate Hikes Loom
A new study by financial analytics firm Company Watch reveals over 25% of large UK retailers with assets over...