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Tag: general retail

Amazon could launch insurance comparison site

Amazon is understood to be preparing to launch an insurance price comparison site in the UK, as it positions itself to place its stamp on yet another sector. According to Reuters , three industry executives from some of Europe’s top insurance firms have held talks with Amazon about the launch of the site.

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BRC Vacancies Monitor results: “There’s no escaping the fact that retail is changing”

The British Retail Consortium’s (BRC) Footfall and Vacancies Monitor with Springboard found footfall fell by 0.8 per cent for July, for a third consecutive monthly decline.






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Card Factory half-year sales up 3.2% despite rocky trading conditions

Card Factory faced a battle on numerous fronts for its first financial half, despite booking a 3.2 per cent rise in total group sales.






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Pets at Home shares rally on positive results

Pets at Home has seen its shares jump nearly 18 per cent as it revealed strong revenues during the last quarter. 16 weeks to 19 July the retailer saw group revenues jump 8.1 per cent to £277.4 million, thanks to a retail revenue boost of 6.9 per cent to £245 million






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Bank of England poised to raise interest rates to highest level in a decade

The Bank of England (BoE) is poised to raise interest rates to their highest level since the last financial crisis nearly a decade ago.






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Food inflation surges amid lowest overall deflation in 8 months

Overall shop prices decelerated at the lowest rate in eight months, primarily due to a surge in food prices as the cold spring and recent heatwave affected fruit and vegetable prices.






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Dixons Carphone data breach nearly twice as bad as originally reported

Dixons Carphone has revealed that its recent data breach was far worse than previously thought, with around 10 million customers’ private data accessed.






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Next CEO calls for business rates reform

The chief executive of Next has joined the growing list if UK retail leaders criticising the business rates regime, after he went on TV and called for reforms in order to keep the high street alive. Lord Simon Wolfson told ITV News  that the commercial property tax needed to be updated to reflect major changes in retail triggered by online shopping.






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Ex-Steinhoff chairman Christo Wiese named in tax evasion scandal

Retail tycoon Christo Wiese has been implicated in a multi-billion pound tax evasion lawsuit involving Africa’s largest law firm and a London-listed company. Numerous reports indicate the South African Revenue Service (Sars) is trying to recover 3.9-billion rand (£221 million) in taxes from the billionaire, who stepped down as Steinhoff chairman earlier last year in the wake of its own accounting scandal.






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Retail best sector for gender diversity in senior roles despite FTSE 350 standstill

Retail was the best performing sector in terms of its representation of women in senior positions last year, but companies in the wider FTSE 350 have stalled on progress. According to The Pipeline Report’s Women Count 2018, gender diversity across senior roles in the FTSE 350 has seen no progress in the past three years.






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