England
This coverage focuses on retail developments, trends, and performance across England. Reporting includes store openings and closures, regional economic factors, consumer behaviour, property developments, and strategic initiatives by national and local retailers. Designed for executives and managers, it offers insights into operating successfully within England’s diverse retail landscape.
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Oct- 2024 -25 OctoberNews-In-Brief
Today’s news in brief-25/10/24
Boohoo has countered Frasers Group’s claims of “stone-walling” regarding the latter’s push to install Mike Ashley as Boohoo’s CEO. In response to an open letter from Frasers, which accused Boohoo’s board of hindering its proposals and expressed dissatisfaction with Boohoo’s recent debt refinancing, Boohoo stated that Frasers’ preference for Ashley…
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23 OctoberGovernment
Chancellor considers Amazon tax in bid to boost British high streets
Chancellor Rachel Reeves is reportedly mulling plans to impose higher taxes on Amazon as part of a shake up that aims to level the playing field between online giants and in-store retailers. According to The Telegraph, the chancellor is believed to be reviewing the business rates paid by companies like Amazon,…
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16 OctoberNews-In-Brief
Today’s news in brief-16/10/24
Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from 2.2% in August. This decline, driven largely by falling airfares and petrol prices, is below the Bank of England’s 2% target, which may result in pressure to lower interest rates.…
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16 OctoberEconomy
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This means inflation is now below the Bank of England’s 2% target, meaning the bank may face pressure to cut interest rates next month. According to the Office for National Statistics,…
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14 OctoberHigh Street
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax would hit retailers, leisure and hospitality firms, The Guardian has reported. In an open letter coordinated by the British Retail Consortium, CEOs have called on the government to introduce a…
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10 OctoberNews
Tesco to invest £4m of fruits and vegetables to 400 schools
Tesco is going to invest £4m in a new scheme that will give thousands of young people fruit and vegetables every day at school. Tesco Fruit and Veg for Schools, which has been developed in partnership with the British Nutrition Foundation, will provide funding for up to 140,000 pupils to…
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4 OctoberNews
UK footfall jumps 3.3% in September
UK footfall has risen by 3.3% in September, up from 0.4% in August, as shopper numbers return to increase for the first time in over a year. According to the BRC, retail parks enjoyed the biggest boost with a 7.3% increase during the month, up from 2.6% in August. Shopping…
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Sep- 2024 -27 SeptemberSport & Leisure
Castore expands retail footprint with Braehead Shopping Centre store
British sportswear brand Castore has announced it is set to expand its retail portfolio with a new store at Braehead Shopping Centre. Set to open this Autumn, the 1,482 sq ft store will showcase Castore’s range of performance sportswear, and it said it will allow the brand to “connect with…
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25 SeptemberNews
Today’s news in brief-25/9/24
Asos, facing significant financial challenges, has initiated consultations to potentially cut over 200 jobs at its head office. The move comes amidst a restructuring aimed at reversing recent heavy losses, including a £120m increase in half-year losses and an 18% decline in sales. Asos plans to streamline operations and focus…
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25 SeptemberDIY
DFS swings to £1.7m loss amid Red Sea stock delays
DFS has reported a loss before tax of £1.7m for the year ended 30 June due to “record” low market demand and Red Sea shipping disruption deferring sales and profits to future periods. By June 2024, adjusted profit before tax stood at £10.5m, having fallen £20.1m year-on-year to below DFS’…
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