The meteoric rise in online shopping has meant that billions of products are now at our fingertips via a quick search. You might think that the 1.9 billion people making 40,000 Google searches per day would lead to an improvement in our spelling
Burberry destroyed $37.8 million (£29 million) worth of its own goods last year, prompting “environmental concerns” from its shareholders.
A combination of warm, sunny weather and World Cup fever has allowed online retail sales to continue its strong growth throughout June, with sales up 16.9 per cent year-on-year. Last month’s growth also meant that online retail sales have been on the up for the whole first half of 2018.
UK inflation throughout June remained flat at 2.4 per cent, sending the value of the pound diving to a 10-month low. READ MORE: June footfall dips despite World Cup spending boost World Cup fever boosts June retail sales (BRC-KPMG) Online retail growth stays strong in June amid World Cup fever Food inflation holds steady as overall shop prices dip (BRC-Nielsen) No signs of consumer confidence improving ahead of Brexit British grocery sector achieves 2 years of consecutive growth May retail sales smash all expectations (ONS) According to new data from the Office for National Statistics, inflation held steady for the second month in a row, coming in below average analysts’ expectations of 2.6 per cent
Morrisons has become the latest retailer to launch a “Quieter Hour” designed to make stores more comfortable for shoppers with autism. The grocer will turn down the lights in stores, turn both the tannoy and any music off, and mute all sounds of all tills every Saturday from 9am – 10am across 493 of its stores.
Luxury automobile brand Mercedes-Benz has opened a new pop-up store at St David’s shopping centre in Cardiff. The German car brand has taken a 2419sq ft unit will be open until August 16. It will display a selection of Mercedes-Benz’s latest models and provide visitors the opportunity to experience and discover the product and new features available
Coal Drops Yard has announced its opening date will be on October 26 this year when 50 new stores restaurants and cafes will open their doors the public. The new 100,000sq ft development in the heart of London’s Kings Cross has already signed retailers including Paul Smith, Tom Dixon and Samsung, but will focus heavily on providing space for smaller independent companies. READ MORE: Coal Drops Yard signs three new fashion retailers It has been designed by Heatherwick Studio and developed by Argent
Hotel Chocolat has recorded a jump in annual revenue and announced that it expected trading to be in line with expectations. In a trading update for the 52 week period ending July 1, the chocolate retailer posted a 12 per cent year-on-year increase in full-year revenues to £116 million
“There is no point clinging to a sentimental vision of the past.” Bill Grimsey’s second report titled “The Vanishing Highstreet” has received a fairly positive response from the retail sector considering its flagship strategy. The former Wickes and Iceland chief executive released his review earlier this month, proposing 25 changes that need to be made for our high streets to stave off the threat of online shopping and spark a resurgence.