As a response to the Brexit vote in June, shoppers from abroad have headed to Britain to exploit the subsequent drop in the value. This triggered a rise in the spending on foreign credit cards, with shoppers spending more than £725m on the high streets during December. The majority of...
As the dust settles from Super Thursday, Moss Bros have also reported their sales figures for the year. Sales announced today showed that total sales for the 23 weeks up to Christmas had increased by 7.6% on the same period last year. Ecommerce sales accounted for 11% of the revenue...
Today marked the day on which several of the larger retailers who had not already done so, released their sales figures for the Christmas period. These include brands such as John Lewis, Primark, Debenhams and JD Sports and Tesco. John Lewis reported that like-for-like sales in their stores rose by 2.7%...
British food manufacturer Premier Foods has raised the prices on some of its items due to the Brexit vote and the consequential fluctuations in the value of the pound. The move, which other food manufacturers such as Unilever have also taken, is an attempt to counteract the fall in value...
Specialist wine retailer Majestic wine, have joined the growing list of companies who reported positive sales over the Christmas period. The company recorded their best sales over this period, with growth in sales of 55% on gin and 12% on sparkling wine. The Naked Wines site, which is owned by...
It has been reported this morning, that Sports Direct has sold its rights to the Dunlop brand, in a deal worth approximately $137.5m, to Sumitomo Rubber Industries Ltd. (SRI). The Japanese company have acquired both the wholesale and licencing businesses, whilst allowing Sports Direct a royalty free licence which will...
Inflation came back to the supermarkets for the first time since 2014, latest figures from Kantar Worldpanel showed. The market had seen deflation for more than 2 years prior to this, however this year saw a 0.2% rise for the last quarter. It was reported that shoppers spent approximately £480m...
After mixed sales figures were announced throughout the year, in addition to the rapidly fluctuating value of the pound in the post-brexit period, British Retail Consortium – KPMG Retail Sales Monitor reported that retail in December has seen a 1% rise on a like-for-like basis. The news comes after many...
Supermarket chain Morrisons has released its sales figures for the Christmas trading period, showing a 2.9% increase in like-for-like sales. This marks the biggest rise in the 9-week period up to January 1st for seven years, due in part to the strong performance of both their Nutmeg clothing range and...
Major supermarket Marks & Spencer’s are widely expected to announce an increase in clothing sales over the Christmas period. This will be the first time the brand has seen such an increase during the Christmas period in six years. Despite the clothing market being in decline in recent years, Retail...
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