Retail

Hornby, the renowned model railway manufacturer, has reported a remarkable 23 per cent increase in December sales year-on-year, demonstrating the enduring appeal of traditional toys in today's digital age. The Margate-based company's…

Asda, the debt-laden supermarket chain, has emerged as the weakest performer amongst British grocers during the crucial Christmas trading period. The private equity-controlled retailer experienced a concerning 5.8% decline in sales…

British supermarkets celebrated a remarkable festive period as household spending on groceries reached unprecedented levels, driven by surging food price inflation which climbed to 3.7% in December, marking its highest point since March.…

The chief executive of Next has issued a stark warning about "anaemic" sales and profit growth for the coming year, as tax increases from the UK Budget begin to impact one of Britain's largest retailers and the broader economy. Lord…

The United States has witnessed a surge in corporate bankruptcies, reaching levels not seen since the aftermath of the 2008 global financial crisis. The stark reality of elevated interest rates and diminished consumer spending has driven at…

Major retail organisations Uniqlo, Gymshark and Lush have ceased their recruitment of freelance workers through gig economy applications following intense scrutiny from labour unions. The Trade Union Congress (TUC) raised significant…

British fashion retailer New Look is poised to speed up its store closure programme whilst major food producer 2 Sisters pushes supermarkets to absorb substantial cost increases, as the ripple effects of Labour's tax-raising budget continue…

British luxury streetwear retailer End Clothing has reported a significant financial downturn, posting a pre-tax loss of £43 million in the year ending March 2023, marking a dramatic shift from its £9 million profit in the previous year.…

British retailers are bracing for what experts predict will be a record-breaking year of shop closures in 2025, driven by the imminent rise in business rates and persistent economic headwinds. Data from the Centre for Retail Research…

British businesses are showcasing remarkable optimism for 2025, with fresh survey data revealing that 70% of companies anticipate increased turnover in the coming year, marking a significant rise from 62% in December 2023. The positive…

Research emerging from the University of Cambridge suggests artificial intelligence tools are poised to revolutionise how businesses predict and influence consumer decision-making. The study, conducted by the prestigious Leverhulme Centre…

The British retail sector faced a devastating blow in 2024 as approximately 170,000 shop workers found themselves without employment, marking a troubling 42% increase from the previous year's figures. The Centre for Retail Research's data…

The landscape of retail returns is experiencing a seismic shift, with forecasts indicating UK returns will surpass £27 billion this year. ZigZag Global's data reveals that more than 20% of online non-food purchases and approximately 50% of…

In a significant move for the British ecommerce sector, shareholders of THG, formerly The Hut Group, have overwhelmingly supported the demerger of its Ingenuity ecommerce platform, valued at £90 million. The decisive vote, with 89% backing…

British retailers are grappling with mounting financial pressures as the sector witnessed a stark 25 per cent increase in businesses showing critical distress during the final quarter of 2024. Data from insolvency specialists Begbies…

British retailers are confronting a severe economic headwind as the number of businesses facing imminent collapse surged by 25% in the final quarter of 2023. The latest report from insolvency specialists Begbies Traynor reveals that 2,124…

British kitchenware retailer ProCook has unveiled plans to launch its own range of coffee machines in early 2025, marking a significant expansion of its electrical appliances portfolio. The company, which operates 64 brick-and-mortar shops…

Major hedge funds have intensified their short positions against British retailers, anticipating disappointing Christmas trading results amid mounting consumer pressures. The strategic positioning suggests a bearish outlook for the sector…