Increase of 0.5% in August helped by back-to-school shopping, while food stores also given lift
Back-to-school shopping and warm weather helped to boost retail sales last month, according to the latest official data.
Total retail sales in Great Britain rose 0.5%, the Office for National Statistics (ONS) said, as parents prepared for the new school year and shoppers enjoyed a series of heatwave and the summer’s last bank holiday.
Continue reading...Concern for ‘anchor tenants’ as trade body warns that stores could put up prices or cut jobs to protect profits
Up to 400 large shops are at risk of closure with as many as 100,000 jobs at risk if the government goes ahead with plans to hit stores with higher business rates, retailers have warned.
Some of the UK’s largest retail premises, including supermarkets and department stores, would face higher property tax charges under new rules being considered by the government before November’s budget.
Continue reading...Exclusive: Companies considering use of ‘kill switches’ to disable stolen devices after 967% increase in theft incidents
Mobile phone retailers are locking their doors during trading hours and considering using “kill switches” to disable stolen devices, as incidents of theft increase more than ninefold in some high streets due to organised crime.
VodafoneThree, which operates the largest retail network with 650 stores across the UK, has experienced a 967% increase in theft incidents in the first half of this year compared with the same period in 2024.
Continue reading...Alex Freudmann says ministers need to increase proportion of food eaten in UK that is grown or reared in Britain
Marks & Spencer’s head of food has called on the government to set a legally binding “concrete target” to increase the proportion of food produced at home, as he warned that Britain was becoming “less and less self-sufficient”.
Alex Freudmann, the managing director of the upmarket grocer’s food division, which works with 10,000 British farms, said: “If ministers are committed to domestic food supply, then they need to prove it, and that’s why we’re backing our farmers’ calls for a clear and concrete target to increase the proportion of food eaten in Britain that’s grown or reared in Britain.”
Continue reading...Despite concerns about economy, poll shows optimism about trading prospects at highest level since 2014
Confidence among UK businesses has grown despite anxiety about the state of the economy, in a rare slice of positive news for the chancellor, Rachel Reeves, in the run-up to her autumn budget.
An August poll of UK companies by Lloyds Bank showed that improved sentiment among manufacturers and retailers helped push overall optimism within UK plc up by two percentage points, with 54% of companies now feeling confident in the current environment.
Continue reading...Struggling brand sold by Sir Jim Ratcliffe’s Ineos, which is to take ‘strategic investment’ in Castore’s holding company
Belstaff, the struggling British fashion brand known for its heritage motorcycle gear, has been bought by the sportswear group Castore from the billionaire Sir Jim Ratcliffe’s Ineos.
Under the deal, the terms of which have not been disclosed, Ineos will make a “significant strategic investment” in Castore’s holding company.
Continue reading...Fries and chicken drumsticks are included – or young cooks might prefer a mini-me Ooni pizza oven
The air fryer has rapidly become a must-have kitchen appliance, so it was only a matter of time before the craze reached toy town, with a chic wooden version tipped as a Christmas bestseller.
If you are thinking it’s too soon to mention Christmas, it’s hard to disagree. But with the school summer holidays almost over (or already over for some) and the UK weather forecast signalling a “band of heavy rain”, retailers are starting festive campaigns.
Continue reading...Fast-fashion retailer considered £50bn float in London but has not received backing from Chinese authorities
The online fast-fashion retailer Shein is understood to be considering moving its base back to China from Singapore in a move expected to pave the way for a Hong Kong listing rather than a UK one.
The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a £50bn float in London after failing to win approval from regulators in the US for a New York flotation.
Continue reading...Grocery chain employees will verify the incident and the reward will be adding to the shopper’s loyalty card
The grocery chain Iceland is offering customers who shop a thief a £1 reward on their loyalty card.
The frozen food specialist said that anyone who spots a suspected shoplifter in its stores should inform the nearest Iceland employee who will verify the incident before adding the reward to the individual’s loyalty card for immediate use.
Continue reading...Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on Asos
Shein, the online fast-fashion retailer founded in China, increased sales in the UK by about a third to more than £2bn last year, overtaking the British rival Boohoo and closing in on Asos.
The company, which had been considering a £50bn float on the London Stock Exchange but is expected to list in Hong Kong, said profits rose 56% to £38.2m last year on which it paid £9.6m corporation tax, according to accounts filed at Companies House this week.
Continue reading...Increase of 8% this year in line with ‘strong rebound’ in global market, data shows
UK toy sales have bounced back as adults increasingly muscle in on the market, snapping up everything from Pokémon trading cards and Lego sets to collectibles and action figures based on movie and TV franchises.
After falling almost 4% in 2024, UK toy sales have risen 8% so far this year, in line with the “strong rebound” enjoyed by the global market, data shows.
Continue reading...Restructure by family-owned fashion chain involves 33 store closures but leaves more than 1,000 jobs at risk
River Island has got the green light for a rescue restructure that saves more than 4,000 jobs but will shut 33 of the clothing chain’s 230 stores as people shift to buying online.
The plan to reduce costs, which still puts more than 1,000 jobs and a further 70 sites at risk, won approval from a high court judge on Friday after a majority of creditors gave their backing earlier in the week.
Continue reading...Class action lawsuit argues the online travel platform distorted market with ‘best price’ clauses
Booking.com is facing a class-action lawsuit from more than 10,000 European hotels arguing that the accommodation mega-site used its muscle to distort the market to their detriment over a 20-year period.
The Association of Hotels, Restaurants and Cafes in Europe (Hotrec), which represents the industry within the EU and is bringing the legal action, recently extended to 29 August a deadline for hotel owners to join the suit because of high demand.
Continue reading...BRC says food prices rose by 4% in July from 2024, while CBI blames economic uncertainty for people not spending
Britain’s largest retailers struggled to entice shoppers back to the high street in July as the rising cost of meat and butter drove up food prices, adding to the pressure on household finances.
According to the latest snapshot from the British Retail Consortium (BRC) food prices rose by 4% in July from a year earlier, up from 3.7% in June and above the three-month average of 3.5%.
Continue reading...Sunday’s England v Spain match set to be most-watched women’s football match in UK history, benefiting food, drink and hospitality industries
The climax of the exhilarating women’s Euros, as the Lionesses attempt to atone for their loss to Spain at the World Cup, is poised to be the most-watched women’s football match in UK history with the tournament providing a more than £800m boost to supermarkets, pubs and retailers.
With Sunday’s showdown aired on both ITV and the BBC, and their respective streaming services, TV industry executives expect that, with the help of a family-friendly 5pm kick-off time, viewing will eclipse the 14.8 million peak audience when England lost 1-0 to Spain in Sydney two years ago, if the match is close.
Continue reading...Shoppers flock to stores in June for food, drink and merchandise, and also go on short breaks
Sunny summer weather and a packed schedule of events including Wimbledon, concerts by Oasis and Beyoncé, and international cricket and football sent shoppers flocking to retailers and supermarkets last month.
Retail sales volumes in Great Britain rose by 0.9% in June, bouncing back from a sharp fall in May, although slightly below analyst consensus forecasts of a 1.2% month-on-month increase.
Continue reading...ASA ruling comes amid fears fashion industry reversing progress in body positivity movement
An advert by high street retailer Marks & Spencer has been banned for featuring an “irresponsible” image of a model who appeared “unhealthily thin”.
The Advertising Standards Authority (ASA) said the model’s pose, choice of clothing and the camera angle which seemed to tilt downwards all contributed to the impression she was too thin.
Continue reading...Music fans snap up wellies, scarves and light jackets, with shares rising more than 4% on back of better-than-expected performance
Shoppers snapping up Burberry wellies, scarves and light jackets to wear at music festivals have helped the fashion brand to its best sales performance in 18 months despite lacklustre spending by tourists around the world.
Sales of the luxury British brand fell by 2% to £433m in the three months to the end of June, with a 1% decline at established stores, an improvement from the 6% fall in the previous quarter and the best performance since Christmas 2023.
Continue reading...Pre-tax profits fall 24% despite rise in Sports Direct sales, driven by closures of House of Fraser and Game stores
A “challenging” luxury market and retreat from gaming have prompted a fall in sales and profits at Mike Ashley’s Frasers.
The group, which is majority owned by the billionaire former Newcastle United owner, said sales fell by 7.4% to £4.7bn and pre-tax profits slid by 24% to £379.5m as it closed some of its House of Fraser department stores and Game video game shops.
Continue reading...These small, joyful indulgences are ‘an antidote to life’s uncertainties’, food trend watchers say
If you said to a friend that you fancied Japanese food this weekend, they might be forgiven for thinking you meant sushi. But lately a new culinary export from Japan is catching up with fish and rice in the hearts and tastebuds of British foodies.
Soft, sweet and full of character, Japanese-style desserts – from mochi ice cream to matcha cookies – have been steadily gaining ground on UK shelves.
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