Year: 2019

Morrisons appoints two new senior members

Morrisons has appointed two senior executives , naming a new chief financial officer and new chief operating officer. The ‘Big Four’ supermarket has appointed Trevor Strain, current group chief finance and commercial officer, has been promoted to chief operating officer and Michael Gleeson has been appointed as chief financial officer.…

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Quiz profits slide in half-year results

Quiz has announced a “disappointing” fall in profits in its half-year interim results. In the six months ended 30 September, the fashion retailer’s profits fell by £6.8m. This marked a “disappointing” change from the £3.8m in profits posted the year prior.  Underlying profits fell by 85% to £0.6m, whilst underlying…

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A sustainable Christmas is coming to town

We are all reminded that the holiday season is approaching with a flurry of Christmas adverts encouraging us all to spend, yet retailers are anticipating a less than merry Christmas for their sales. According to Deloitte, only 62% of retailers expect to see higher sales this Christmas compared to a…

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Black Friday boosts consumer spending in November

UK retail sales grew in the month of November, according to the latest report from the British Retail Consortium (BRC). When factoring in Black Friday, like-for-like sales grew by 0.9%, up from a decline of 4.9% when excluding the sales event from monthly figures. For the period of 27 October…

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Outstanding business rates challenges increase by 35%

The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a third in just three months, according to new figures issued by HM Revenue & Customs (HMRC). The figures revealed the number of outstanding challenges has increased by 35% fuelling concerns…

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Black Friday footfall up 3.3%

Black Friday footfall rose by 3.3% year-on-year according to the latest figures from Springboard. The Retail intelligence experts found that shopper numbers increased in all three destination types with shopping centres faring the best with an increase in footfall of +6.5% as shoppers looked to make the most of the…

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Boohoo upbeat after ‘record’ Black Friday trading

Online fashion retailer Boohoo has reported “record performance” across the Black Friday weekend. The company was “pleased to confirm” that since its half year end, trading has “remained strong” across its key brands, and both of its warehouses also had a “strong” operational performance. The group’s new brands, Karen Millen,…

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Disabled customers ‘shut out’ from online shopping

Disabled people are being “shut out” from digital world by inaccessible websites and apps, claims disability charity Scope.  The charity said that those with disabilities were being “penalised for being disabled”. Businesses are also missing out on “billions of pounds” from potential customers through the use of inaccessible platforms, it…

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One in five small retailers set to close after Christmas

A new survey from Notonthehighstreet has reported more than one in five small retailers said they will close its stores in the next year if Christmas is below average. It was revealed that 22% of small and medium-sized retailers thought they would close within a 12 months amid a poor…

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Holland & Barrett owner urged to provide cash injection

Billionaire Mikhail Fridman is reportedly under pressure from lenders to inject cash into Holland and Barrett, following a turn down in performance. According to The Telegraph,  Friedman is under pressure as bondholders were warned of a “sharp slowdown” in returns from its 767 stores by CEO Tony Buffin. City sources…

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