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Inflation offers some relief in December

Inflation throughout December eased slightly, offering hope that analysts’ predictions that inflation has peaked are correct. Following a six-year high of 3.1 per cent in November, the Office for National Statistics (ONS) has revealed that inflation dropped to three per cent last month. This will come as good news to consumers, who have seen stagnant wage growth alongside soaring inflation, leading to a sharp decline in spending power.

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Retail footfall takes a hit over Christmas

A bad start to the month followed by heavy snowfall has dragged down the footfall figures for one of the most important trading periods of the retail calendar. According to the latest monthly Retail Traffic Index (RTI) compiled by consultancy firm Ipsos Retail Performance, overall UK footfall plummeted by 9.6 per cent last month compared to the same time in 2016






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Superdry reveals jump in Christmas sales & interim profits

Superdry has enjoyed a healthy Christmas trading season and booked strong figures in its interim report, all of which were bolstered by double-digit online sales growth. For the festive season covering 10 weeks to January 6, the fashion chain and wholesaler said like-for-like retail sales climbed 4.7 per cent while group revenue of £215.6 million was 12.6 per cent higher than the prior year. Meanwhile, Superdry’s global brand revenue increased by 13.6 per cent year-on-year to £314.4 million.






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Waitrose bans sales of high caffeine drinks to minors

Waitrose is set to ban the sale of strongly caffeinated drinks to children under the age of 16, following calls for a complete ban from campaigners.






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Topshop/Topman poised for bricks-and-mortar debut in China

Topshop/Topman is reportedly going to open its first Chinese bricks-and-mortar store in Shanghai during autumn this year. According to the Fashion Network , the British fashion retailer’s first store in China will span approximately 36,600sq ft and will be located on Huaihai Middle Road. READ MORE:  Topshop appoints Anthony Cuthbertson as design director Work on the new flagship had already begun, and it is slated open in September.






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Burberry announces new board members

Burberry has announced that Orna NiChionna has been appointed to the board as a new non-executive director. She will also become a member of the remuneration and nomination committees






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“Meghan effect” boosts Barbour profits

Heritage British fashion retailer Barbour has reported a two per cent uplift in annual profits, which it has attributed to the “Meghan effect”.






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Tesco apologises after accusations its rotten turkeys “ruined Christmas”

The UK’s largest grocer Tesco has responded to numerous accusations that it “ruined Christmas dinner” as many of its turkeys had gone off and begun to rot. Customers took to social media over Christmas to complain of sickness due to consuming the rotten meat, “rancid” smells and swathes of food ending up in the bin.






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Tesco apologises after accusations its rotten turkeys “ruined Christmas”

The UK’s largest grocer Tesco has responded to numerous accusations that it “ruined Christmas dinner” as many of its turkeys had gone off and begun to rot. Customers took to social media over Christmas to complain of sickness due to consuming the rotten meat, “rancid” smells and swathes of food ending up in the bin.






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Matchesfashion.com set to see record breaking Christmas

Matchesfashion.com is reportedly poised to see record breaking sales this Christmas following a strong year of sales and growth. The luxury fashion retailer has said that at peak times this month it has been selling 600 items per hour, up from 514 last year. This equates to around one item every six seconds.






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