Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing
Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.
US Stocks Extend Rally, Yen Retreats Against Dollar
Wall Street stocks rose Monday ahead of a deluge of key economic news, extending a rally while the yen retreated from a recent advance.
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.
Oil Prices Rebound On Mixed Day For US Stocks
Wall Street stocks rebounded Tuesday behind solid retail data and reassuring comments from Federal Reserve officials, while oil prices rose and the dollar slid.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
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.
Hospitality Workers Are Increasingly Optimistic Despite The Negative Impacts Of Brexit
The Business Confidence Survey reveals that hospitality leaders in Britain are becoming increasingly optimistic despite the challenge of Brexit business rates and inflation.
Kingfisher Faces Profit Woes Amid French Market Struggles as UK Flourishes on 'Improve Not Move' Trend
The company's stock saw a sharp decline of six per cent, marking it as the top faller on the FTSE 100. The underlying issue, as Kingfisher explained, stemmed from ongoing weaknesses in their French market.
Under Fire, Undermanned: Israel's Wartime Economy Soldiers On
When rocket sirens echo on the factory floor of Rav-Bariach Industries, Israel's biggest maker of security doors, workers rush to take refuge in bomb shelters fitted with their own kit.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
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.
Apple Sales Lose Ground, But iPhone Growth Strong
Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
How businesses can lower costs for consumers
Transparent communication with customers about price changes and a continuous focus on cost analysis are essential components of a comprehensive strategy to lower prices during inflation while maintaining competitiveness.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
Global Stocks Fall After Fed Keeps Rate Hike Threat Alive
US stock markets fell Thursday after Federal Reserve chair Jerome Powell warned inflation is "still too high" despite a recent slowdown, leaving the door open for another interest rate hike if needed.
UK Housing Market Faces 5.3% Yearly Decline as Interest Rates Squeeze Prices
According to Nationwide, the largest British building society, the seasonally adjusted housing price index revealed that prices remained stagnant in September, following a 0.8% decrease in August.
Stocks Knocked By Growing US Rate Worries
Global stock markets fell Tuesday as investors fixated on the risk US interest rates will be kept elevated for a prolonged period, denting growth.
China's demographic shift and economic challenges pose threat to West
China has strong ambitions to become the world's greatest economy and superpower in the coming decades. While recent numbers show this goal being pushed off, it is not an impossibility.
Global stocks extend gains as US data reassures
Stock markets extended a global rally Tuesday as the first of a series of data due out this week gave no reason for the US Federal Reserve to hike interest rates further.
How can data analytics drive decision-making and growth for British e-retail SMEs?
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.
UK retail marketers squander 47% of their ad budgets on low stock items
Recent findings expose a trend among UK retail marketers, who risk customer dissatisfaction and dwindling revenues by allocating marketing spend to low-stock items.
Reports show 65% of UK SMEs are confident in the economic trajectory
Despite the challenges posed by the COVID-19 pandemic and economic uncertainties, UK small and medium-sized enterprises (SMEs) are showing remarkable optimism.
Bank of England predict the rate of food price increases will reduce to 10% by the end of 2023
The Chief Economist of the Bank of England, Huw Pill, has cautioned that food costs in the UK might not see a significant decline due to the aftermath of the Russia-Ukraine war.
UK pig industry becomes profitable after two years of losses
Market reforms in the UK pig industry pave the way for a swine resurgence, with analysts from the Agriculture and Horticulture Development Board (AHDB) saying pig farmers were still losing an average of £17.
Small businesses face declining confidence in Q2 2023 during economic challenges
Small businesses faced a setback in the second quarter of 2023 as the FSB's SBI headline confidence indicator dropped sharply from -2.8 points in Q1 to -14.2 points.
How will the UK real estate industry go 'digital' in 2023?
The UK government and the major real estate industry players have jointly launched a new group for the digital transformation of UK real estate.
UK retail industry has lost 6,000 retailers in the past five years
The UK retail industry has been battling with the closure of 6,000 retailers over the past five years due to burdensome business rates and the COVID-19 pandemic.
European consumer goods industry sees decline in product innovations amidst sales slump
A recent study reveals a decline in product innovations among major brand manufacturers in Europe's six largest markets amidst falling sales in Fast-Moving Consumer Goods.
Record high of nearly 6,000 hospitality industry closures in the last 12 Months
There have been approximately one in 18 hospitality industry closures all over Britain in the past year, as the record-breaking number sends shock waves through the sector and raises concerns about the long-term viability of businesses.
Revolution of consumer behaviour: Exploring the transition of consumers to mobile shopping
With the rise of mobile shopping and the profound impact of the pandemic on consumer behaviour, retailers are investing heavily in their online presence.
Family optimism reaches two-year high amid easing inflation and anticipation of summer vacations
According to the M&S Family Matters Index, family optimism in the UK is at its highest in two years as 45 per cent of the population have high hopes about their future.
Cost of living crisis leads UK consumers to welcome deinfluencer content
According to a recent report, UK consumers are growing disinterested in the influencer culture, with many unfollowing accounts that portray unrealistic lifestyles.