retail-trade
Top StoriesBritain’s Next Sees Lower Profit in 2023 as Consumer Outlook Darkens
Top StoriesUK’s December Shopper Numbers Defy Inflation and Rail Strikes Hit
Top StoriesInflation Drives Britain’s Record Christmas Grocery Sales
BusinessOvercoming the Economic Challenges Facing the Retail Industry in 2023
2023 Predictions: Adapting to the Right Mix of Payments in an Increasingly Cashless Society
Date: January 3, 2023
By Jon Knott, head of customer insight at Dojo. The 2020s have been a period of colossal changes in consumer behaviour across the board, from panic buying toilet paper and the move towards online shopping in the wake of the pandemic, to customers putting increased value on experiences as lockdowns lifted and the current financial...
Aldi UK Says December Sales up 26%
Date: January 3, 2023
LONDON (Reuters) -The British arm of German discount supermarket group Aldi said its sales in December rose 26% compared to the previous year, reflecting the opening of new stores and consumers’ search for savings in a cost-of-living crisis. Aldi UK and Ireland said on Tuesday its sales topped 1.4 billion pounds ($1.67 billion) in December...
The Opportunity for C2C Marketplaces During the Cost-Of-Living Crisis
Date: December 29, 2022
By Luke Trayfoot, Chief Revenue Officer at MANGOPAY In 2023, we’ll see prices of goods continue to increase in the UK as rising inflation takes effect. Many consumers are already struggling to afford basic products and becoming increasingly cautious in their spending habits to combat the cost-of-living crisis. In fact, 87% of shoppers globally have...
Spain’s November Retail Sales Fall 0.6% on Year
Date: December 29, 2022
(Reuters) – Spanish retail sales fell 0.6% in November from a year earlier on a seasonally and calendar-adjusted basis, after rising 1.0% in October, the National Statistics Institute (INE) said on Thursday. As shoppers grapple with the rising cost of living exacerbated by the war in Ukraine, food sales in Spain recorded an annual decrease...
Pizza Firm Dp Eurasia Considers Divestment of Russian Business
Date: December 28, 2022
(Reuters) -DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said on Wednesday it was considering options for its Russian operations, including a divestment. It added the work on a potential transaction was ongoing and there could be no certainty as to the outcome. “DP Eurasia is evaluating its presence in...
UK Retailers See 40% Jump in Boxing Day Shoppers -Springboard
Date: December 27, 2022
LONDON (Reuters) – UK retail destinations enjoyed an almost 40% rise in shopper numbers on Monday after the first Christmas in three years with without pandemic restrictions, data compiled by Springboard showed on Tuesday. Footfall at UK retail centres on Dec. 26 — known as Boxing Day in the UK and a key date for...