A report by influential academics has suggested that the ministers and the public have become complacent after decades of consistent food supplies and stable prices for the UK, which will be greatly affected by Brexit. Written by food policy experts, the report also states that without significant policy changes Britain...
ASOS have announced a new app enabling customers to search for clothing using photos from magazines or social media. The app is designed to show similar clothing styles to the ones depicted in the images, with 10% of its customers currently having access to the service. Other retailers offer similar...
EE has announced that it will be adding 116 new stores through its partnership with Sainsbury’s Argos. This will consist of 16 concessions in Sainsbury’s supermarkets as well as a further 100 new tie-ins with Argos. The deal will create 400 new retail jobs, with EE CEO Marc Allera commenting...
A third of Burberry’s shareholders have failed to back the luxury brand’s remuneration report in a protest over high pay. Whilst slightly over 32% of shareholders rejected the report, more shareholders withheld their votes on the matter, signalling the biggest rebellion since more than half of shareholders voted against director...
Online fashion retailer ASOS has reported a rise in third quarter revenue assisted by a surge in international sales. The company stated that total sales in the four months to June 30th rose 32% to £676 million, with revenue in the UK rising by 16% to £234.6 million. The rest...
Mike Ashley has continued with his expanding portfolio, investing £44m amounting to a 25.75% stake in Game Digital. The move comes after the video games retailer announced a profit warning in June due to a shortage of Nintendo Switch consoles, exacerbated by a poor performance for the gaming retail industry...
German discount supermarkets Aldi and Lidl have entered a price war regarding their ‘Back to School’ uniform ranges. Lidl began by offering a package containing two polo shirts, a sweatshirt or jumper and trousers or pleated skirt which would be sold for £3.75. In response, Aldi then cut its own...
The British economy continues to struggle, as the three-month average real total pay fell by 0.7% in May according to the Office for National Statistics. The figure marks the fastest rate of decline since August 2014, which was attributed in part at least to the significant spike in inflation in...
Luxury fashion house Burberry announced that in the three months to June 30th, the brand saw a 4% rise in comparable sales. Much of the increase was attributed to strong growth in mainland China, which drove mid single-digit percentage growth in the Asia Pacific region. Online and mobile sales also...
Coins and notes are no longer the UK’s number on payment method for the first time, being replaced by contactless payments. Figures from the British Retail Consortium show that contactless cards now account for about a third of all card purchases, up from 10% as recently at October 2015. In...
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