Well, that was a surprise. After dire warnings about how weak Black Friday might be given consumer nervousness over spending and the World Cup distracting their attention, it actually turned out to be quite an event.
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.
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.
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.
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.
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.
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.
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.
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.