Tag: <span>Retail industry</span>

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UK retail sales plunge as government borrows £8.8bn
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UK retail sales plunge as government borrows £8.8bn

The impact of the UK’s third lockdown on the economy has been laid bare by official figures showing that spending in stores and online fell by more than 8% last month while government borrowing was the highest for a January since modern records began. All sectors of retailing except for food and online outlets were affected by...

Study warns of huge jobs losses in retail in England after pandemic
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Study warns of huge jobs losses in retail in England after pandemic

England’s high streets could lose up to 400,000 retail jobs as a result of more people working from home and shopping online after the coronavirus pandemic, according to a report, with affluent towns in the south among the most vulnerable. Out of the 109 towns and cities studied by the accountancy firm KPMG, Bracknell in the London...

Aldi UK enjoys sparkling Christmas as champagne sales soar
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Aldi UK enjoys sparkling Christmas as champagne sales soar

Aldi UK has reported a record Christmas performance, with sales rising 10.6% year-on-year in the four weeks to 24 December boosted by demand for premium products and champagne. All UK supermarket groups benefited in the run-up to Christmas from unprecedented demand due to the Covid-19 pandemic, driven by a large part of the population working...

UK high street lost 177,000 jobs in 2020, study finds
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UK high street lost 177,000 jobs in 2020, study finds

The high street shed 177,000 jobs in 2020 according to a study that predicts an even more devastating toll on retail jobs this year, with a further 200,000 expected to be lost. The job losses in what is the UK’s biggest private employment sector – with particular importance for women – illustrate the dramatic and...

UK shoppers to spend 27% less than last year in Boxing Day sales
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UK shoppers to spend 27% less than last year in Boxing Day sales

Shoppers are expected to spend 27% less than last year in the Boxing Day sales as many high streets around the country remain closed. A total of £3.2bn is still expected to be rung up by retailers in the UK, but more than half of that will go online, according to a report by the...

Sainsbury’s says France ban could lead to UK food shortages
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Sainsbury’s says France ban could lead to UK food shortages

Sainsbury’s has warned shoppers of shortages of lettuce, broccoli and citrus fruit in the run-up to Christmas, after France banned hauliers carrying freight across the Channel amid fears over the new coronavirus strain. The supermarket said the ingredients for a traditional Christmas lunch were already in the country and available, but shelves could be empty of some...

Brits to show why local shopkeepers matter with £6.2 billion spend
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Brits to show why local shopkeepers matter with £6.2 billion spend

Seven in 10 say they will visit nearby butchers, greengrocers, hairdressers, florists and cafes, with an average spend of £169, according to research from American Express, principal supporter of Small Business Saturday UK that kicks off on December 5. It found nearly half of those shopping with small businesses will do so because they want...

Has Britain’s second largest city reached breaking point?
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Has Britain’s second largest city reached breaking point?

When Andy Street wants to show off the best of Birmingham to visitors up from London, the Conservative mayor of the West Midlands starts his tour in Centenary Square, a public space the length of two football pitches. To the west stands the International Convention Centre (ICC) and the Symphony Hall; to the north, the...

Anger on the British high street as festive cheer turns to fear for small shops
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Anger on the British high street as festive cheer turns to fear for small shops

“They have absolutely crucified us,” says Steve Holden, when asked what the month-long high street lockdown in England means for his family’s three Essex gift shops. “We have spent thousands of pounds on Christmas stock and it is crucial we sell it in November and December, which is our busiest time of year,” he said. “Without that...