All articles by Hugh Radojev – Page 53
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NewsRetail sales slow as customers delay spending ahead of Christmas
Retail sales slowed in October as the cost-of-living crisis prompted customers to delay spending ahead of Christmas.
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VideoWatch: Tesco Christmas ad spoofs political broadcast, but with promises it can keep
Supermarket giant Tesco has touched on the ongoing the UK’s cost-of-living crisis and political turmoil in its satirical Christmas advert, urging customers to #StandFor Joy” this festive season.
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NewsJoules on the brink after poor trading leaves working capital position 'below expectation'
Fashion brand Joules is exploring its options, including a possible CVA, as poor current trading has left the retailer’s working capital position “below expectation”.
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NewsJohn Lewis launches earliest ever Black Friday campaign
John Lewis has gone live with its Black Friday promotions today (November 4), the earliest launch of the event in the retailer’s history.
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NewsDFS order volumes strengthen after lean summer
DFS has indicated there may be some green shoots of recovery in the furniture sector after a tough summer, with order volumes strengthening heading into the golden quarter.
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VideoWatch: Sainsbury's, Asda and Morrisons release Christmas adverts
Sainsbury’s, Asda and Morrisons have all launched their Christmas adverts focusing on everything from own-brand products to Farmer Christmas and a certain famous elf.
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AnalysisHow Sainsbury's is shaping up for Christmas: value, own-brand and resurgent Argos
After reporting first-half results today, Sainsbury’s chief executive Simon Roberts looked forward to the coming Christmas period, which is set to be more value-led than any in living memory.
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DataData: Winter World Cup to add £269m to 2022 Black Friday spend
The unprecedented winter World Cup is expected to add £269m to this year’s Black Friday spending, though the cost-of-living crisis will lessen overall participation in the Sales event.
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AnalysisAnalysis: Why the Lotte tie-up could prove to be lucky number 12 for Ocado
Ocado rubber-stamped an agreement with South Korean giant Lotte Shopping on Tuesday. The move has been hailed by investors as a coup, given South Korea’s highly mature ecommerce market and high level of automation. Could this be 12th time lucky for Ocado?
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NewsNew stores recovery threatened by £800m business rates rise
The rate of store vacancies improved in the third quarter across all retail locations, but physical retail’s recovery is in danger of being held back by an £800m increase in business rates costs.
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NewsMorrisons' acquisition of McColl's given green light by competition watchdog
Morrisons’ acquisition of c-store chain McColl’s has taken another step towards completion after the competitions watchdog decided not to escalate its investigation into the merger.
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NewsRetailers to splurge record £446m on golden quarter advertising
Retailers are taking their marketing and advertising spending to record levels this golden quarter, as the deepening cost-of-living crisis forces customers to cut discretionary purchases.
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GalleryStore gallery: Gymshark boss hails 'iconic' Regent Street location ahead of flagship opening
Gymshark’s first flagship store is set to open on London’s Regent Street on Saturday and founder and chief executive Ben Francis says “it will be one of those days that none of us ever forget”.
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NewsNew PM Sunak warned 10% business rates rise poses serious threat to retail
New Prime Minister Rishi Sunak has been urged to act on business rates, as the equivalent of a 10% increase next year threatens the survival of many retail businesses.
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NewsThree in four consumers to pare back spending as housing costs soar
Three quarters of consumers are set to cut their discretionary spending this winter to combat soaring costs associated with housing.
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NewsVery profits rise as cost reductions offset falling sales
The Very Group has posted a rise in full-year profitability despite falling sales, as the etailer hailed the impact of “diligent cost management” in a “challenging market”.
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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NewsTesco to hire 15,000 temporary staff over Christmas
Grocery giant Tesco has announced plans to hire 15,000 temporary staff for Christmas to help customers over the busy festive period.
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NewsWaitrose customers turn to cheaper products and freezing leftovers as costs bite
Waitrose customers are not immune from the ongoing cost-of-living crisis, with millions turning to cheaper cooking oils, loose vegetables and freezing food to stick to budgets.
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NewsAnalysis: How should retailers approach a cost-of-living Black Friday?
These are dark times for Black Friday. With the threat of a recession growing with every government U-turn and consumer confidence plumbing historic lows, retailers are facing the event – and the crucial golden quarter – firmly on the back foot