John Lewis has released a survey to show what Christmas shopping will be like this year and a key finding is that more people are shopping for gifts early. And many plan to make their own gifts this year too.
Online sales are set to overtake physical retail for the first time this Christmas, according to a new prediction from delivery specialist ParcelHero. The company said Britons should spend £39.41bn online this time.
John Lewis has won the planning permission it wanted to allow it to convert almost half of its Oxford Street, London, flagship store into office space as part of its new strategy to return to sustainable profits.
Next had a strong Q3 with full-price sales up 2.8% and total sales up 1.4%. That may seem tame by normal standards, but in the wake of the pandemic, it shows it to be one of the winners in hard-hit UK fashion retail.
The London start-up has raised £0.5m “to power sustainable product verification” at a strong time for its business model after supply chain scandals and as consumers aim to buy more ethical and sustainable products.
UK retail took a big hit on Friday with negative news that consumer confidence plummeted in October with GfK’s index delivering worsening figures ahead of what could be a dismal Christmas selling period.