UK retailers see significant increase in foot traffic ahead of Christmas, driven by last-minute shoppers.December 23 marked a notable increase in footfall, with a 28.5% rise…
Browsing: economic challenges
The UK gardening sector is undergoing significant changes as both Dobbies and Homebase announce store closures, raising questions about the industry’s direction.Dobbies plans to close 17…
Shoe Zone lowers profit expectations for the upcoming fiscal year, citing various external pressures.The company’s pre-tax profit forecast drops from £10 million to no less than…
The recent announcement on National Insurance by Chancellor Rachel Reeves is stirring significant concern among businesses.Chancellor Rachel Reeves has acknowledged the difficulty businesses will face due…
The Very Group reports a significant increase in losses, indicating challenges in the retail sector.The company’s pre-tax loss expanded from £5.8m to £22.9m in recent weeks.Operating…
Amid economic challenges, Boden partners with Peak to enhance pricing strategies using AI.Boden’s modernization efforts over the past decade lead them to Peak for tech integration.Peak’s…
Recent data reveals a slowdown in overall food inflation to its lowest point since November 2021.Seafood prices remain elevated due to high import and processing costs,…
Mulberry continues to face financial challenges, reporting a significant operating loss for the first half of 2024.The British luxury brand’s operating loss reached £13.1 million, a…
The UK supermarket sector anticipates a dynamic holiday season in 2024, intertwined with economic challenges.Sainsbury’s and M&S report increased early shopper activity, reflecting strategic consumer behavior…
The Entertainer halts store expansion plans due to increased National Insurance costs, reflecting broader economic challenges for retailers.The company’s decision follows a government mandate raising employer…