Although the fast-fashion brand has been criticised for exploiting its factory workers, Shein has confidentially filed for an IPO in New York.
UK Retailers Continue to Struggle From Economic Uncertainties and Changing Consumer Habits in November
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.
Due to the dramatic increase in prices across the UK, retail sale volumes are the lowest that they have ever been since 2021.
According to the charity, Retail Trust, one-third of retail workers said that they are victims of customer abuse on a weekly basis.
Approximately one-third of the Churchill Square centre currently sits vacant, presenting an opportunity for Ikea to establish a new store, set to open within the next two years.
This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.
M&S has also declared its intention to distribute nearly £20 million to its shareholders in January, marking its first dividend payment since 2019.
This noteworthy reduction in grocery price inflation comes after a prolonged period of 16 months where double-digit growth had become the norm.
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
The deal was officially announced by both companies on a Monday, signifying the start of a new chapter for Missguided.
Amazon on Wednesday said it hopes to expand drone delivery into Britain and Italy by late next year, as it unveiled new warehouse robots and tech in its race to get shoppers what they want quickly.
British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis.
The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.
Tesco, the UK's largest supermarket chain, revealed a substantial decline in food inflation over the past six months. The grocery giant is taking bold steps to address the concerns of its customers by slashing prices on 2,500 products, with an average reduction of 12 per cent.
Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.
Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.
Britain seeks to lower the cost-of-living crisis with new measures tackling fake reviews and product labelling
More than half of the traders in the transport, hospitality and entertainment sectors indulge in drip pricing and fake reviews, which the UK government is trying to eradicate to lower the cost-of-living crisis.
The shockwaves of Russia exiting from the Black sea grain deal could make global flood inflation hard to contain
Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.
Discover the most innovative and impactful vaping collaborations of 2023 in this comprehensive exploration of strategic partnerships within the vaping industry.