Pandemic

UK retail sales rise 1.3% in November

Retail sales volumes are estimated to have increased by 1.3% in November 2023, from no growth (revised from a fall…

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4,500 retailers in critical financial distress, new data reveals

Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…

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Topps Tiles PBT falls to £6.8m despite record revenues

Topps Tiles has revealed its profit before tax fell 37.6% to £6.8m in FY23 despite reporting a third consecutive record…

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Footfall jumps 7.9% during Black Friday

Black Friday footfall jumped by 7.9% against the week previous across all UK retail destinations, providing retailers with a much…

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Mountain Warehouse to open 50 stores in 2024 amid record revenues

Mountain Warehouse has revealed it will be opening a new branch every week in the run up to Christmas and…

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Better than forecasted: how is Black Friday 2023 doing?

According to last week’s release from MRI Software, Black Friday 2023 is going to be underwhelming for retailers compared to…

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Today’s news in brief-17/11/23

HMV is set to make a comeback at its historic Oxford Street location, reopening on November 24, four years after…

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Halfords joins bid to rescue Wiggle

Halfords is reportedly among a group of retailers expressing interest in buying online sports retailer Wiggle, Sky News has reported.…

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Next defends chair following shareholder rebellion

Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the company’s…

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Today’s news in brief-13/11/23

Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group…

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