Hopes that strong retail sales in the summer would continue into early autumn seem to have been dashed — at least that’s the case according to the earliest of the monthly retail sales reports to come out.
Covid-19 was no friend to cash. The pandemic saw retail transactions via payment cards rocket in 2020, according to the British Retail Consortium (BRC). Cash now accounts for just 15% of total spending in retail.
UK-based luxury brand Belstaff has released its results for the whole of 2020 and it was a decidedly mixed bag with clear improvements in some areas but the INEOS-backed business was still loss-making.
Trade shows are back… and how. Visitors to Scoop x Pure show last week will have seen a busy event . High Covid case rates may be making some people nervous, but fashion is heading back to normality as fast as it can.
Concerns over EU customs and border delays have led to a dramatic slump in UK online shoppers buying from international websites, a new survey says. Just under a third (31%) of UK consumers shopped overseas in 2021.
Lord Wolfson, the chief executive of high street retail giant Next, has blamed the government’s “insane” immigration policy for the major shortage of heavy-goods vehicle (HGV) drivers hitting Britain’s supply chain hard.
First the good news. UK retail sales grew at the sharpest pace since December 2014 in the year to August and orders growth hit a survey record high, according to the latest CBI quarterly Distributive Trades Survey.
Luxury trade body Walpole has published the line-up of speakers for its Future of British Luxury Summit in London next month, including Anya Hindmarch, Chanel, Dunhill, Farfetch, Harrods, Roksanda and Jo Malone London.