Lewis Catchpole
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Economy
Consumer confidence drops for third straight month
Consumer confidence has dropped for the third straight month in October, down four points to -17, according to the latest…
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Supply Chain
Ikea, Inditex and Amazon sign up to net-zero shipping pledge
Major retailers, Amazon, Ikea and Inditex are among the first to sign up to a first-of-its-kind target to progressively switch…
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Economy
UK Inflation falls to 3.1% despite rising fuel costs
UK inflation fell slightly in September to 3.1% despite rising fuel costs, according to the latest figures from the Office…
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Supermarkets
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin…
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Comment
Checkoutless Stores: The Future of Retail
Retailers have been significantly impacted by the pandemic. In 2020, total retail sales fell by 1.9% compared to 2019. Now…
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Department Stores
The Weston Family in talks with QIA over £4bn Selfridges sale
Selfridges owners, the Weston Family, are reportedly in talks with the Qatar Investment Authority over a potential £4bn sale of…
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High Street
Boots owner sees Q4 sales surge 12% to $34bn
Walgreens Boots Alliance (WBA), the owner of Boots, has seen its sales for the Q4 period ending 31 August 2021…
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High Street
Over 40 employee groups pen letter urging Sunak to cut business rates
The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement urging the chancellor Rishi…
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Luxury Goods
LVMH sees revenues up 46% to €44bn
Luxury fashion house LVMH has reported a 46% increase in group revenues for the first nine months of the year…
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Supermarkets
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol…
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