Fat Face has reported strong sales over the Christmas season, with its half-year report also indicating a recovery in some profits and sales after a gloomy previous year. According to unaudited results for its 26 week period ending December 2, total sales was up by 12 per cent to £120 million,...
Recent studies have shown that more jobs in retail are set to be replaced by automation than any other sector. Is the tech-pocalypse really on our doorstep? Taxi driver: 89 per cent. Journalist 11 per cent. Bartender: 77 per cent. Retail Salesperson 92 per cent. According to willrobotstakemyjob.com the retail industry is “doomed”. What’s...
Tesco has launched the largest own-brand range of 100 per cent plant-based meals as the vegan health craze continues to rage. Coinciding neatly with “Veganuary”, in which people pledge to stay vegan for a month, Tesco has launched 18 new meals in its Wicked Kitchen range. The range, which will be rolled...
Grocery and food retailers have enjoyed a bumper Christmas trading season, but non-food retail sales took a hit as inflationary pressures forced consumers to tighten their belts in spending over the festive period. According to the latest monthly Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG, UK retail sales...
Footwear retailer Office has enjoyed a recovery in its profits in its full year report, after it was set back by costs involved with its sale to South African retailer Truworths in 2015. According to documents filed at Companies House, full-year EBITDA came in at £32.4 million for the chain’s 53...
A record number of small businesses faced downsizing or closure throughout the end of 2017, as sluggish demand and rising operating costs battered the industry. According to a new survey published by the Federation of Small Businesses (FSB), 14 per cent of small businesses are now expecting to scale down or...
Reports have emerged that H&M may be planning to launch an online outlet platform which sells a variety of brands at discounted prices. According to Breakit, a Swedish news platform, H&M has already signed on more than 60 brands for the new project dubbed P12. Although H&M has declined to comment on the...
From 5 March, the retailer will ask customers buying caffeinated energy drinks containing more than 150 mg of caffeine per litre to prove they are over 16 years of age. Waitrose said the move builds on existing industry labelling guidelines which require any soft drink with more than 150 mg of...
The outdoor clothing and equipment retailer saw its like-for-like sales climb by 33.1% in the period with online revenue increasing by 76.6%. The company served 1.5 million customers over the festive period with bestsellers including socks, gloves, padded jackets and snow boots. International sales surged by 43% and accounted for 33% of...
Topshop/Topman is reportedly going to open its first Chinese bricks-and-mortar store in Shanghai during autumn this year. According to the Fashion Network, the British fashion retailer’s first store in China will span approximately 36,600sq ft and will be located on Huaihai Middle Road. Work on the new flagship has already begun, and it is...
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