Recent updates from major fashion retailers highlight varied strategies in a challenging market.Asos embraces a ‘test-and-react’ model to keep up with fast trends and reduce inventory…
Browsing: economic pressures
Marks & Spencer is facing significant financial pressures due to imminent changes in national insurance and wage regulations.The company’s national insurance contributions are set to rise…
Retailers across the UK are preparing for a difficult festive season as they encounter rising economic pressures.Sales growth in October was minimal, signaling potential challenges ahead…
The upcoming Christmas season presents significant challenges for UK high street retailers due to recent economic changes.In-store sales showed minimal growth in October, increasing by only…
The UK’s minimum wage is set to rise significantly, impacting both workers and businesses.Over three million workers will benefit from a rise to £12.21 by April…
PepsiCo has adjusted its sales growth target as inflation compels consumers to opt for own-label alternatives over branded snacks and beverages.Originally forecasting a 4% rise in…
The rescue of TGI Fridays by private equity backers has resulted in significant closures and job losses, despite saving a number of restaurants and positions.51 restaurants…
The acquisition of TGI Fridays’ UK business has preserved over 2,000 jobs, offering hope amid tough times for the casual dining sector.51 TGI Fridays restaurants remain…
August marks the first time in nearly three years that shop prices have entered deflation.Shop prices decreased to a rate of 0.3% this August, a notable…
Research reveals that dining out remains a priority for Britons despite economic challenges.65% of consumers consider eating and drinking out as vital to their lifestyle.The significance…