Tag: <span>Retail industry</span>

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Clarks looking for reboot under new Chinese leadership
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Clarks looking for reboot under new Chinese leadership

It began with a sheepskin slipper in 1825, but Clarks is moving out of its comfort zone in a battle for survival under new Chinese leadership. The British footwear institution, founded by Quaker brothers Cyrus and James Clark, shifted from comfort to fashion after the desert boot inspired by James’ great grandson Nathan Clark’s time in...

Rapid delivery service Getir to buy UK rival Weezy
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Rapid delivery service Getir to buy UK rival Weezy

The on-demand groceries business Getir is acquiring its rival Weezy, in the first sign of consolidation in the UK’s fast-growing rapid delivery market, in which companies aim to bring goods to customers in as little as 10 minutes. Getir, founded in Turkey in 2015, operates in more than 50 cities in its home market, and has...

Primark plans more than 100 new stores worldwide in Covid rebound
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Primark plans more than 100 new stores worldwide in Covid rebound

Primark owner, Associated British Foods, has set out ambitious expansion plans as it bets on a strong sales rebound from the Covid-19 pandemic, with customers returning in large numbers in countries where vaccines have been rolled out. The fast-fashion retailer is planning to open more than 100 new shops over the next five years, as it...

Sainsbury’s slumps to £261m loss on back of Covid costs
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Sainsbury’s slumps to £261m loss on back of Covid costs

Sainsbury’s has dived to a £261m annual loss despite booming sales of groceries during the pandemic, as it spent millions of pounds on protecting staff and customers from the coronavirus. The UK’s second biggest supermarket said it had spent £485m on special bonus payments for staff who worked through the pandemic, extra staff to cover those...

UK consumers need clear idea of cost of EU purchases, Which? says
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UK consumers need clear idea of cost of EU purchases, Which? says

Consumers in Britain should be given a clearer idea of the costs they face when buying from EU retailers following Brexit so they are not left with unexpected fees or scammed, the consumer group Which? has said. Since the transition period ended, many customers buying from the EU have faced bills for VAT and, when the item has...

Grand reopening: retailers ready for return of shoppers
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Grand reopening: retailers ready for return of shoppers

At Hamleys they are unboxing the teddies, vacuuming the Frozen castle and practising dance routines. John Lewis is cleaning its fitting rooms and beauty counters, while Debenhams is preparing for its closing down sale. After at least 15 weeks of lockdown – more in many parts of the UK – high streets are preparing to reopen on Monday....

UK shift to local shopping could last beyond pandemic
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UK shift to local shopping could last beyond pandemic

Small local grocery stores and online retailers are likely to benefit from permanent changes in shopping habits after a year of Covid-19 restrictions, according to a report one year on from the first lockdown. More than nine in 10 of people who have shopped locally say they will continue to do so, a survey by...

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...