Online Sales Growth Returns to Pre-Pandemic Levels
Online sales have returned to pre-pandemic levels, according to IMRG's analysis of 200 retailers with a combined £23bn in...
lockdowns
Deliveroo Adjusts FY22 Guidance Amid Economic Uncertainty
Delivery service Deliveroo has revised its gross transaction value (GTV) guidance for this year from 15-25% to just 4-12%,...
Burberry’s Sales Impacted by China Lockdowns, EMEIA Sales Grow 47%
Burberry's Q1 global comparable store sales increased by 1% from £479m to £505m due to lockdowns in mainland China....
Tesco Sales Decline Amid Inflation Impact on Customer Behavior
Tesco's UK sales dropped 1.5% in Q1 due to changing customer behavior amidst inflation, but profit guidance remains unchanged....
Shopify Reports Record Q4 Revenue Growth, Anticipates Slower Expansion in 2022
Shopify's Q4 revenue skyrocketed 41% to $1.4 billion in 2021, driven by a surge in e-commerce during the pandemic....
Covid-19 Impact on Retail: Norwich Hardest Hit by Insolvencies
Norwich tops the list of areas hit hardest by Covid-induced retail insolvencies, with 8.27 businesses shutting down out of...
The Works Reports Resilient FY Performance Despite Sales Decline
In a recent announcement, The Works revealed a significant drop of 19.7% in their total revenue, reaching £180.7 million...
Card Factory Suffers £16.4m Loss Amid Pandemic and Lockdowns
In a recent financial report, Card Factory revealed a pre-tax loss of £16.4 million for the full year ending...
M&S Reports £201m Loss Amid Pandemic Struggles
In a recent financial report, Marks and Spencer revealed a statutory loss of £201 million for the year ending...
Land Securities Suffers £1.39bn Loss Amid Pandemic Challenges
In the year ending 31st March 2021, Land Securities suffered a pre-tax loss of £1.39 billion due to the...