Search Results for: Covid-19
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High Street
WH Smith appoints new CFO
WH Smith has appointed Max Izzard as its latest CFO, following the news that Robert Moorhead is set to retire…
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Features
What are the effects of VAT taxes on the tourism industry?
The term “tourism tax” has recently been used to refer to taxes imposed on goods and services supplied to international…
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Clothing & Shoes
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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News
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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Economy
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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Supermarkets
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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News
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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Advice
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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Features
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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Analysis
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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