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Retail footfall dips in May despite higher consumer confidence
The decrease in in-store visits during May suggests potential challenges for retailers, as consumer spending growth did not keep pace with increased optimism among shoppers.
Read Full Article →Spending more on less: Premiumisation emerges as retail winner
The trend of increasing consumer expenditure on higher-end goods has influenced retailers to adjust their offerings, resulting in notable revenue growth within select market segmen...
Read Full Article →Retail shrinks by over 360,000 jobs in a decade
The reduction of over 360,000 positions in the UK retail sector since 2015 highlights a significant decline in employment, impacting economic activity and workforce distribution wi...
Read Full Article →Government urged to prioritise high streets or risk losing seats to Reform
A retail coalition highlighted that declining employment in the sector may impact political support in key regions, emphasizing the need for targeted investment to sustain local ec...
Read Full Article →Landsec boosts profit amid residential and retail pivot
Landsec reported increased earnings driven by a shift in its property holdings, with profit before tax rising to £395 million alongside substantial planned investments in the retai...
Read Full Article →M&S: FTSE 100 shares rise after major cyber attack update
Following an update on the ongoing cyber incident, the increase in Marks and Spencer’s stock reflects investor confidence as critical financial information appears secure despite s...
Read Full Article →H&M Group takes minority stake in e-commerce firm Centra
H&M’s investment of SEK 50 million in Centra, representing under 10 percent ownership, reflects a valuation of slightly more than 500 million Swedish kronor for the e-commerce plat...
Read Full Article →Next set to reveal profit increases amidst tariff uncertainty
Next is anticipated to report higher profits in its upcoming quarterly results, despite ongoing cost pressures and concerns regarding consumer confidence in the UK retail sector.
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