Pandemic

Today’s news in brief-5/2/24

Authentic Brands, the owner of Ted Baker, is reportedly exploring cost-saving options after terminating its relationship with AARC, the company…

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The Lexicon to welcome three new leases

The Lexicon has announced a trio of high profile new lettings, after reporting rising footfall levels and increased consumer spending…

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Morrisons stores chief steps down

Morrisons stores chief has stepped down from his role at the company after four years, The Telegraph has reported. David…

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Could loyalty schemes bring back the weekly shop?

The weekly grocery shopping spree has been falling out of favour for some time now, with just 16% of consumers…

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It’s not all just fun and games

The UK toy industry reported that its annual sales dropped by nearly £200m in 2023. Sales dropped by 5% to…

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Halfords maintains FY guidance despite weak December sales

Halfords has maintained its full-year guidance despite December sales being “much weaker” than expected.  In its third quarter, total revenues…

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Storm Isha dampens early week footfall

Battering winds from Storm Isha hit retail over Sunday and Monday with footfall across all UK retail destinations down -4.6%…

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Sustainable packaging and e-commerce: what more can be done?

The Thanksgiving weekend of 2023, including Cyber Monday, saw $38 billion in online sales in the US, while e-commerce in…

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Paula Nickolds to leave Sainsbury’s to become CEO of The White Company

Sainsbury’s has revealed its General Merchandise Commercial director, Paula Nickolds, is set to leave the business to become CEO of…

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Diversifying revenue streams: A strategic imperative for retailers

The COVID-19 pandemic highlighted the vulnerability of businesses that depended solely on physical retail. Diversification provides a safety net during…

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