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Economy
Brits to spend ยฃ1.65bn on last minute Christmas purchases
Some 14.9 million shoppers are expected to spend ยฃ1.65bn on last minute Christmas purchases, new research by discount code website…
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Clothing & Shoes
Hobbs chief executive exits amid senior overhaul
Hobbs chief executive, Meg Lustman, is to step down from her role at the womenโs fashion retailer as its parent…
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Online & Digital
Ocado’s 12% sales increase marks ‘good finish to the year’
Online supermarket Ocado has seen a 12% increase in revenue to ยฃ390.7m for the 13 weeks to 2 December in…
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Clothing & Shoes
Superdry mulls store closures as profits drop 49%
Fashion retailer and brand Superdry has issued a profit warning after pre tax profits fell 49% to ยฃ12.9m in the…
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Clothing & Shoes
Online non-food spend to top ยฃ75bn by 2023, data suggests
Total online spend is forecast to rise 34.5% over the next five years, reaching over ยฃ75bn by 2023 as consumers…
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High Street
Poundstretcher posts profit decline
Discount retailer Poundstretcher overall profits for the financial year ending 31 March 2018 fell to ยฃ1.7m compared with the previous…
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Clothing & Shoes
Mike Ashley’s Flannels given ยฃ125k rates relief despite ยฃ65m turnover
Mike Ashley’s high end fashion chain Flannels has been handed ยฃ125,000 in business rates โhelpโ by a local council amid…
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Government
Retailers could lose out on ยฃ496m refund as ATM ruling is appealed
In November, the Court of Appeal ruled that ATMs inside and outside of stores should not be assessed for business…
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Economy
UK customers to boost retailers with ยฃ420 festive spend
New Christmas trading analysis from PwC has suggested UK shoppers are preparing to spend an average of ยฃ420 on Christmas…
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Government
Government clarifies details of new business rates relief
The Ministry of Housing, Communities and Local Government (MHCLG) has published guidance on the details of how business rates discounts…
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