-
Coronavirus
New lockdowns edge consumer confidence to near-record low
The final quarter of 2020 saw consumer confidence fall by 1%, to a near-record low -17%, according to the latest…
Read More » -
Coronavirus
Unemployment rises 5% to 1.7m
The UK unemployment rate rose by 5% in the three months to November with over 1.7 million people now out…
Read More » -
Coronavirus
Waterstones boss warns of closures unless gov extends rates relief
James Daunt, the boss of book retailer Waterstones, has warned that he could be forced to close stores unless the…
Read More » -
People Moves
EG Group appoints Lord Stuart Rose as chair
The Issa Brothers’ EG Group has announced the appointment of Lord Stuart Rose as non-executive chairman with immediate effect. Lord…
Read More » -
High Street
WH Smith postpones CEO’s £25k pay rise
WH Smith has revealed it has postponed its planned £25,000 pay rise for its CEO Carl Cowling, after 33% of…
Read More » -
Clothing & Shoes
Frasers Group increases stake in Hugo Boss
Mike Ashley’s Frasers Group has increased its stake into luxury retailer Hugo Boss to around 15%. Frasers revealed it now…
Read More » -
High Street
Footfall continues to decline but stays above Lockdown 1 levels
Footfall across UK retail destinations declined by -10.9% last week from the week before, but has managed to stay above…
Read More » -
People Moves
Former Carillion boss to leave Tesco role
Alison Horner, the chief executive of Tesco’s Asia business and a former director at the collapsed construction company Carillion, is…
Read More » -
DIY
Dunelm revenues up 11% despite store closures
Homeware retailer Dunelm has reported an 11.8% increase in revenues for the 13-week period ended 26 December 2020, despite having…
Read More » -
News
Online sales growth hits 13-year high
UK online sales growth remained solid throughout December, coming in at +37% year-on-year (YoY) for the month and driving the…
Read More »