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Analysis
How ChatGPT could affect the retail space in 2023
ChatGPT is the new tool taking the world by storm. The AI language processing tool can give you recommendations for…
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Clothing & Shoes
Footfall improves throughout 2022 but remains 14% behind 2019
UK footfall improved throughout 2022, but there still remains a “significant” 14.2% gap to pre-pandemic 2019 levels, according to Springboard’s…
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DIY
Wayfair to cut 10% of global workforce amid cost saving plan
Furniture retailer Wayfair has announced a 10% reduction in its global workforce, equivalent to around 1,750 employees as part of…
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Economy
Consumer confidence improves for first time in 15 months
UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest…
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High Street
Mamas & Papas appoints new CEO ahead of global expansion
Mamas and Papas, the high street nursery brand, has announced chief operating officer Nathan Williams as its new CEO to…
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DIY
Topps Tiles chairman survives shareholder revolt
Topps Tiles has revealed that Darren Shapland will remain as its chairman after surviving a vote tabled by its biggest…
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Economy
UK inflation dips for second consecutive month
UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were…
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Online & Digital
THG lowers profit guidance as it launches new strategy
THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year…
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People Moves
Landsec eyes Sir Ian Cheshire as chairman
Landsec, the property group that owns 50% of Bluewater shopping centre, is considering appointing Sir Ian Cheshire as its new…
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Economy
UK economy beats expectations as it grows 0.1% in November
The UK economy unexpectedly grew by 0.1% in November as the World Cup helped boost restaurant and pub sales, according…
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