Search Results for: retail sales
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Advice
How e-commerce can maintain business continuity in the face of Covid-19
Covid-19 and the government stay-at-home and shutdown orders have wreaked havoc on the retail industry. Footfall was down 44.7% in…
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Economy
UK inflation hits four-year low
The UK’s inflation rate dropped to 0.5% in May, down from 0.8% in April, according to new figures from the…
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Clothing & Shoes
Allsaints launches CVA proposal
Clothing retailer Allsaints has revealed the launch of a CVA proposal that aims to restructure both its UK and US…
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Online & Digital
Covid-19 to add £5.3bn to UK e-commerce in 2020
The surge in online shopping caused by the Covid-19 pandemic is expected to add £5.3bn to UK e-commerce sales this…
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Economy
UK GDP slumps over 20% in April as full impact of Covid-19 is felt
GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the latest figures from…
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High Street
Signet to close 80 UK stores permanently
Signet Jewelers has announced that it will not reopen 80 of its UK stores, in an effort to emerge “stronger…
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Economy
Consumer spending drops 26.7% year-on-year in May
Consumer spending contracted 26.7% year-on-year in May. This is according to new data from Barclaycard, which revealed that spending on…
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Clothing & Shoes
Sosandar sees revenues spike 62% as it announces John Lewis and Next deals
Online womenswear retailer Sosandar has revealed it has seen revenues spike 62% year-on-year over the past two months since lockdown…
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Luxury Goods
Mulberry to cut global workforce by 25%
Luxury retailer Mulberry has announced the launch of a consultation process on proposals to reduce its workforce by approximately 25%…
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High Street
M&S lowers share award payout for top execs amid Covid-19 pandemic
Marks and Spencer has lowered the share payout for it’s top two executives, amid the ongoing Covid-19 pandemic. This largely…
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