Black Friday
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Jan- 2025 -6 JanuarySupply Chain
Evri reports best-ever Christmas and peak trading
Evri delivered record parcel volumes over its peak festive period, including its best-ever week following Black Friday, it has revealed. The biggest week in its 50-year history saw Evri deliver 24.7m parcels (to 7 December 2024) as post-Black Friday deliveries rose by 20.8% on the same period in 2023. This…
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6 JanuaryShopping Centres
LDO sees sales surge amid boost in visitors
London Designer Outlet (LDO) has revealed its sales grew by 5% to over £103m in 2024. The designer outlet, located in Wembley Park, attracted shoppers from across London and beyond throughout the last 12 months with footfall increasing by 2% with over 5.4 million people visiting LDO. The strong sales…
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Dec- 2024 -23 DecemberNews-In-Brief
Today’s news in brief-23/12/24
Fashion retailer Quiz plans to delist from the Alternative Investment Market (AIM) and re-register as a private company following weak sales and financial strain. A shareholder vote, requiring a 75% majority, is scheduled for 8 January 2025, with the transition set for 23 January if approved. The company cited regulatory…
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23 DecemberNews
UK retail spending rises 2.3% ahead of Christmas, Visa finds
UK retail spending over the holiday period has increased 2.3% year-on-year, according to Visa’s first-ever Retail Spend Monitor, which analysed spending over the seven-week period beginning 1 November, 2024. The VCA Retail Spend Monitor reports on national retail sales across all payment types. The findings are based on aggregate sales…
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20 DecemberNews-In-Brief
Today’s news in brief-20/12/24
Retail sales in the UK edged up by 0.2% in November, falling short of analysts’ 0.5% forecast. The slight increase followed a 0.7% decline in October, with food sales rising for the first time in three months, up 0.5%, while non-food revenues rose by 0.2%. However, clothing sales fell sharply…
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20 DecemberEconomy
Retail sales fall short of expectations in November
Retail sales in the UK rose 0.2% in November, behind analysts expectations of 0.5%, according to data from the Office for National Statistics. However, this slight increase is an improvement on the 0.7% decline seen in October. ONS stated growth in supermarkets and other non-food stores was partly offset by…
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13 DecemberNews-In-Brief
Today’s news in brief-13/12/24
Hundreds of Harrods workers, including retail, restaurant, and cleaning staff, are set to strike on 21–22 December and Boxing Day in a dispute over Christmas bonuses and working conditions. The United Voices of the World (UVW) union said 95% of its members voted to strike after management refused negotiations. Workers…
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13 DecemberNews
Consumer confidence improves marginally in December
Consumer confidence edged up in December as it increased by one point leaving “some room for optimism” despite the public being cautious with big purchases, GfK revealed. According to the latest index for the month, consumer confidence increased by one point reaching -17. Personal financial situation increased by two points…
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3 DecemberNews-In-Brief
Today’s news in brief-3/12/24
Boohoo has repaid £50m of its £97m term loan following a £39.3m oversubscribed fundraising effort. The move aligns with its turnaround strategy after half-year losses tripled to £27.4m and revenue dropped 15% to £619.8m. CEO Dan Finley called Boohoo “significantly undervalued” as major shareholders, including the Kamani family, boosted their…
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3 DecemberNews
UK retail sales dip 3.3% in November
UK total retail sales decreased by 3.3% year on year in November, against a growth of 2.6% in November 2023, the British Retail Consortium showed. According to the new figures, this was below the 3-month average growth of -0.1% and the 12-month average growth of 0.5%. However, the BRC said…
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