HMV has put a stop to its planned new store openings in the UK due to increased national insurance costs.The music chain’s owner, Doug Putman, cited…
Browsing: retail sector
Consumers are poised to spend like never before during Black Friday 2024, with significant transformations unfolding across the retail sector.Expect a 15-20% rise in spending as…
Executives from major retailers caution the UK government on planned budget changes, emphasizing potential economic repercussions.A rise in National Insurance contributions is expected to lead to…
The increase in employers’ National Insurance contributions is expected to lead to significant challenges in the retail sector.More than 70 major retailers, including Tesco and Sainsbury’s,…
In 2024, the retail sector faces the dual challenges of increased peak season spending and heightened customer expectations.Retailers are under pressure to enhance service delivery while…
The recent budget changes are set to significantly impact Tesco’s financial obligations, with an expected increase in its National Insurance bill.Tesco is projected to add £1bn…
Asda is initiating another round of job cuts following significant head office layoffs.Approximately 500 head office staff were made redundant by Asda without a consultation phase.The…
The recent decision to raise National Insurance Contributions has serious implications for Sainsbury’s, as expressed by CEO Simon Roberts.Sainsbury’s is anticipating significant cost hikes due to…
The recent Budget has left many business leaders wanting, particularly due to unclear reforms affecting various sectors.M&S CEO Stuart Machin expressed dissatisfaction with the lack of…
Lidl GB is significantly expanding its plant-based range, reflecting a 12% surge in consumer interest.The retailer is set to introduce its new Vemondo! Plant-Based range in…