Tesco has revealed higher full-year profits than expected due to customer buying more fTesco reveals slightly higher profits amid strong performanceresh and premium foods. In the 26 weeks to 24 August Tesco…
Tag: Retail
As the housing market recovers B&Q owner buoyed by a brighter outlook
Kingfisher who owns B&Q has said that customers are still shunning “big ticket” home improvement purchases. B&Q said that due to the housing market recovering they have been cheered by a brighter…
Poor weather causes Fever-tree sales to go flat
Fever-tree has announced its half-year results and revenue was flat at constant currency, with the US up 10% but the UK seeing a 6% sales decline. Profit margins bounced back meaning Adjusted…
Grocery price inflation increases
According to analysts at Kantar grocery price inflation has increased for the first time since March 2023 as supermarket prices rose by 1.8% over in the month to August, compared to 1.6%…
Motorists are being ripped off by fuel retailers
Motorists are being ripped off by fuel retailers and the Competition and Markets Authority (CMA) has said they are “failing consumers” because they are paying sky high prices. The CMA said in…
Company insolvencies rise by almost a fifth
In March there was nearly 300 compulsory liquidations, and administrations rose to 144 and company voluntary insolvencies doubles to 18. Official data showed the UK economy had left the recession last week…
Rolex retailer UK sales warns UK sales impacted due to lack of VAT free shopping
Watches of Switzerland have announced their UK sales have taken a hit due to the lack of VAT free shopping. The Rolex retailer who owns Goldsmiths said that they are “cautiously optimistic”…
High street records fifth consecutive month of negative in-store sales
In-store sales fell by -1.7% in April, which is the fifth consecutive month of negative results, according to new data from BDO’s High Street Sales Tracker. BDO’s data, which records sales across…
Chocolate prices could soar further amid blight on cocoa trees, financial expert warns
Concerns over cocoa plant virus may see chocolate prices climb higher once again. Consumers could see the price of their favourite chocolate treats shoot up amid issues with cocoa plants and production…
London Designer Outlet (LDO) Q1 sales passed £20.8 million
London Designer Outlet (LDO), the premium outlet shopping destination at the heart of Wembley Park, kicked off the year with an impressive start, achieving a record breaking first-quarter trading performance and best-ever…