
UK consumer confidence tumbled again in May — this time to its lowest level in almost 50 years — after the cost-of-living crisis deepened and concerns over the economy and personal finances grew.
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UK consumer confidence tumbled again in May — this time to its lowest level in almost 50 years — after the cost-of-living crisis deepened and concerns over the economy and personal finances grew.
The year to early April was a largely good one for luxury group Burberry, despite the undeniable challenges that it faced during the 53-week FY22 period and the pandemic causing problems in China during Q4.
Sterling fell on Friday to its lowest level since late 2020 against the dollar after dismal retail sales and consumer confidence data indicated dangers ahead for Britain's economic growth.
Booming online shopping, with the addition of Covid and Brexit, means demand for UK warehousing and transport systems has increased by 88% over the past decade and is 21% higher than in 2019, a new report claims.
Smythson has filed its results for the year to March 2021 with the luxury leather goods and stationery retailer saying turnover fell to £16.9 million from £27.6 million, with gross profit down to 59.9% from 64.7%.
In 2021, Germany overtook the UK in terms of European cross-border e-commerce, a sector whose revenue was worth €171.2 billion (up by 17%), with four German e-tailers among the 10 top-ranked sites.
On what should have been a day of celebration — another strong set of trading figures for last year and the launch of a new logo to mark the retailer’s 40th anniversary — Next was also forced to deliver some bad news.
The Spring Statement on Wednesday proved a mixed bag for many. Chancellor Rishi Sunak cut fuel duty, lifted the level at which people start paying national insurance and promised a 1p cut in income tax within two years.
The Spanish-born company known for its unique shoe designs expands into ready-to-wear with the launch of its own factory in Galicia and a month-long pop-up in Paris.
The UK’s plan to ban fur imports could be abandoned as some members of the Government signal their opposition on grounds of consumer choice.