The slump in retail sales “eased’ this month, according to the earliest of the monthly retail sector reports that have come through. The latest CBI Distributive Trades Survey showed retail sales in the year to February fell at modest pace following a sharp drop last month. Photo: Pixabay It was the slowest decline in year-on-year [...]read moreUK retailers see February sales falls, but decline eases
By Reuters Published Feb 26, 2024 Most British exporters, retailers and manufacturers have felt an impact from disruption in the Red Sea caused by attacks on shipping by Yemen’s Iran-aligned Houthi rebels, according to a survey. Photo: Pixabay The British Chambers of Commerce said 55% of exporters reported disruption, as did 53% of manufacturers and [...]read moreMany UK exporters, retailers hit by Red Sea disruption, survey shows
By Reuters API Published Feb 16, 2024 European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium’s foreign minister that it has already had “massive impacts” on businesses. Shipping companies have rerouted container vessels away from [...]read moreRetailers demand more action from EU to resolve Red Sea crisis
London’s Burlington Arcade announcing Thursday that it’s to celebrate the Chinese New Year appears to be just the tip of the iceberg. According to West End property giant Shaftesbury Capital, around 50 of its retail tenants will be offering limited edition Lunar New Year products and experiences across 10-24 February. Image: Pexels There will be [...]read moreWest End retailers hot on Year of the Dragon promotions
By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Nike instagram Researchers compiled online pricing data from a [...]read moreRetailers slash prices on more Nike sneakers in 2024, data shows
We’ve heard a lot about how UK retail sales went (or more accurately, didn’t go) in December. But now the first report for January has come through. So is there any better news? Unfortunately no. Photo: Pixabay/Public domain The CBI’s regular monthly report has been released and the headline story is that “retail sales fell [...]read moreMore UK retailers have seen sales falls in January says CBI