Covid-19

Retail records fifth consecutive month of negative sales, BDO finds

Total in-store and online sales have dropped -1.3% in February, marking the fifth consecutive month of negative sales results, according…

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Today’s news in brief-15/2/24

The UK has entered a technical recession as its GDP contracted by 0.3% in the final quarter of 2023. This…

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UK enters technical recession as GDP contracts 0.3% in Q4

The UK fell into a technical recession after gross domestic product (GDP) shrank by 0.3% in the final three months…

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Less shoppers stick to a weekly grocery shop routine, report finds

Just 16% of shoppers now report sticking to a weekly shop schedule, down from 26% in 2020, according to Savanta’s…

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Retail sales drop 3.2% in December, ONS says

Retail sales volumes are estimated to have fallen by 3.2% in December 2023, from a rise of 1.4% in November…

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Turning excess inventory into extra profit: the power of online auctions

Retail businesses have been fighting against tough economic conditions in recent years. From the continuing fallout of Covid-19 to the…

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Can Asos turn around its spiral into widening losses?

If Asos’ estimations are correct, the online fashion retailer will be facing its second year of falling sales as big…

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Virgin Wines sales fall by £10m in FY23

Virgin Wines has seen revenues fall to £59m in FY23, down from £69.2m, as the group battled with economic headwinds…

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Footfall forecast to drop in run-up to Christmas

Christmas for retailers and the hospitality industry will be challenging due to rising bills that will have started to bite…

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Majestic to recruit 200 employees ahead of Christmas

Wine retailer Majestic has announced plans to hire 200 employees to work in its nationwide portfolio of stores in what…

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