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EY UK Future Consumer Index: shoppers cut back spending for Christmas

EY UK Future Consumer Index: shoppers cut back spending for Christmas

​Consumer intentions are always closely watched at this time of year and in 2022 even more so as studies come thick and fast informing us that shoppers will be reining-in their spending.
Fashion
Primark to create 800+ UK jobs with new store plans

Primark to create 800+ UK jobs with new store plans

We may be more used to Primark opening new stores in growth markets, such as the US and parts of Europe, rather than the British market, but on Friday it made clear it hasn't run out of steam on its ambitions for the UK.
Fashion
Oxford Street footfall dropped more than UK average last month - report

Oxford Street footfall dropped more than UK average last month - report

​London’s Oxford Street is having a tough time since the pandemic ended. The UK capital’s major retail thoroughfare saw footfall dip by 37% month-on-month in October, hit harder than the overall decline across the UK.
Fashion
Many Britons shop cross-border to find goods cheaper outside of the UK - Global-e report

Many Britons shop cross-border to find goods cheaper outside of the UK - Global-e report

Black Friday could be bleak for UK retailers. How so? Some 48% of Britons says they are shopping online from international retailers for the event, finding better deals from in China and the US, new data shows.
Fashion
New Bond Street rents no longer Europe's highest as Milan tops the list

New Bond Street rents no longer Europe's highest as Milan tops the list

​New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.
Luxury
Black Friday footfall forecast to rise 12.8% on last year - Springboard

Black Friday footfall forecast to rise 12.8% on last year - Springboard

Black Friday’s going to be fairly good for retailers. Better than last year, but not quite up to pre-pandemic 2019 levels, predicts footfall tracking specialist Springboard. 
Fashion
Big retailers are business rates winners after latest budget

Big retailers are business rates winners after latest budget

​The UK government’s new approach to business rates will create winners and losers and many major name retailers will be among the big winners.
Fashion
Whistles owner TFG mulls Joules rescue bid - report

Whistles owner TFG mulls Joules rescue bid - report

​With 1,600 jobs at risk, the stakes are high as we wait for news of a purchase of failed retailer Joules. The latest name spoken of in relation to a possible deal is the owner of Whistles, Hobbs and Phase Eight.
Fashion
New York City chef Maureen Cavalieri expands oeuvre to curated sustainably minded gift boxes

New York City chef Maureen Cavalieri expands oeuvre to curated sustainably minded gift boxes

After a career cooking for celebrities, this Manhattan chef is adding another outlet for her creativity: eco-conscious gift-giving.
Fashion
Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

Meta Platforms Chief Executive Mark Zuckerberg told employees that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta after its first mass layoffs.
Fashion
Online sales tax plans binned, but reforms coming for multinationals

Online sales tax plans binned, but reforms coming for multinationals

As we start to understand more about the implications of this week’s budget, one thing is clear — the online sales tax is a non-starter. But the UK is to introduce a major tax reform for multinational companies.
Fashion
London campaign to boost tourism yields results

London campaign to boost tourism yields results

​The UK’s capital may be reeling from a tourist downturn post-pandemic and after the abolition of tax-free shopping for international visitors, but a new campaign has helped boost tourist numbers.
Fashion
UK consumer confidence remains in the doldrums despite November lift

UK consumer confidence remains in the doldrums despite November lift

Don’t let a three-point rise in UK consumer confidence deceive you. The latest reading is still hovering just above a near-historic low.
Fashion
Primark continues US expansion, adding three New York region stores

Primark continues US expansion, adding three New York region stores

Value fashion retail giant Primark continues its expansion in the US, announcing it’s “taking New York by storm” with the opening of three new stores in the region.
Fashion
October UK retail sales see small bounce, led by fashion, but overall picture is bleak

October UK retail sales see small bounce, led by fashion, but overall picture is bleak

​UK retail sales saw a surprise rebound in October, official figures showed on Friday. The ONS said that retail sales volumes rose by 0.6% in October compared to the previous month. But year on year, they were down.
Fashion
GPE's earnings hit, property values "under pressure"

GPE's earnings hit, property values "under pressure"

​London-based property giant GPE joined its UK peers in seeing its earnings take a big hit during H1 as property values “come under pressure”. In the latest six months, GPE swung to a pre-tax loss of £86.7 million.
Fashion