In the three months to May, consumer spending on non-food retail dropped by 0.3% on a like-for-like basis, whilst growing 0.1% in total. Online sales of non-food products saw a slowing of the significant growth it had previously experienced, down to 4.3% compared to a rise of 13.7% a year...
In the 2017 BrandZ top 100 most valuable global brands ranking, Amazon grew 41% to retain its place at the top. Innovations such as its Amazon Echo and Alexa helped the brand to also cement its place as the fastest growing performer in the rankings. The increased attention to improving...
Supermodel Heidi Klum has announced a partnership with German discount retailer Lidl. The range aims to provide high quality clothing at affordable prices for the consumers, marking Lidl’s first venture into the clothing market. As rising inflation causes drops in consumer spending on non-food retail items, the new range may...
Following the impressive performance of the company’s alternative milk range in the past year, supermarket chain Sainsbury’s have announced plans to double their non-dairy milk products. Plans to introduce 18 new plant based milks including both almond milk and cold brew coffees were unveiled, with Sainsbury’s milks buyer James Curtis...
Supermarket chain Iceland have announced an increase in profits, with overall earnings for the company rising by 6.3% to £160m for the year to March 24th. Like-for-like sales in this period rose by 4.4% to £2.8bn, leading founder and chief executive of the chain Malcolm Walker to note that Iceland...
According to research firm Qmatic, 31% of retailers have plans to use ‘humanoid-robots’ at some point in the future, as further technological advances continue to offer alternatives to in-store staff. The research also indicated that 14% of retailers suggested that they may be willing to implement some of this technology...
Supermarket chain Tesco have completed a trial of a ‘delivery robot’, capable of carrying 2 grocery bags and delivering within five and 30 minutes from the retail outlet. The robots are driven autonomously for 99% of their journey, providing an environmentally-friendly choice for the last mile deliveries. The robot technology...
Life-for-like sales on the high street fell by 1.3% in comparison to the previous year, with the fashion sector seeing the biggest decline of 3.6%. According to head of retail and wholesale at BDO, Sophie Michael ”prolonged blanket discounting is not sustainable but shoppers need incentives to make the purchase....
Snapchat have decided to bring its spectacles to the European market, opening ‘Snapbot’ vending machines in major cities such as London, Berlin, Barcelona and Paris. The machines will dispense the spectacles, which are on sale for £129.99 and feature built-in cameras which are designed for use with the Snapchat app....
Luxury fashion company, Michael Kors have announced that the company will be closing over 100 of its stores, after sales and revenue fell by a significant amount in the fourth quarter of the year. Total sales dropped to $1.06bn, down 11.2% on the same period last year. Michael Kors chairman...
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