E-RETAIL

Although the fast-fashion brand has been criticised for exploiting its factory workers, Shein has confidentially filed for an IPO in New York.

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.

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.

Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.

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.

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.

New data from Retail Insight reveals a mounting crisis as shoppers report an increase in out-of-stock products, fueled by factors like COVID-19 aftermath, geopolitical tensions and climate concerns.

With a majority of retail stores going digital, businesses are faced with a large volume of data – and data analytics is providing evidence for SMEs to make educated decisions.

Recent findings expose a trend among UK retail marketers, who risk customer dissatisfaction and dwindling revenues by allocating marketing spend to low-stock items.

A rising trend has emerged from a recent study, revealing that consumers are increasingly turning to gift cards and vouchers as a creative response to economic challenges.

Retailers are embracing a tech-driven revolution as 60 per cent of them prepare to harness the potential of AI and new technologies for an enhanced shopping journey, both online and in-store, in the coming year.

Economic shifts have altered consumer behaviour, leading to a decline in brand loyalty among Londoners, with 60 per cent feeling less attached to brands than two years ago, as per new research.

New data reveals a noteworthy drop in UK parcel volumes, marking the first decrease in over a decade. However, the global parcel shipping index saw a modest growth of one per cent due to Chinese lockdowns.

A recent report anticipates a significant surge in spending, projected to reach £145 million, as the FIFA Women's World Cup 2023 Quarter Finals kick off on August 11th.

Grocery shoppers are feeling the pinch as "shrinkflation" continues to shrink product sizes while costs stay the same or increase, while the added woe of "drinkflation" impacts alcohol purchases.

Mid-year data from Adobe Analytics shows a decline in online prices for non-essential items after Amazon Prime Day, with the online pricing of items across all categories declining by 3.2 per cent year-over-year.