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Retail
Auto Retailer Pendragon Plc Terminates Merger Talks with Rival Lookers Plc
May 05, 2020 11:34 PM BST| By Kunal SawhneyAmid the coronavirus crisis, the businesses are under intense pressure to preserve cash and ensure sustainability. People have lost their jobs or are being furloughed. Many businesses have reportedly collapsed into administration. The economic situat...
UK Consumers Actively Clear Bank Debts As Their Spending Habits Take A Backseat Amid Pandemic
May 04, 2020 11:54 PM BST| By Team Kalkine MediaA recent data released by the Bank of England has showed that the consumers in the country have cleared as much as £3.8 billion debts while the debt level in regard to the businesses borrowing money has been increasing drastically. The clearing...
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Retailers in the UK Chalk Out Plans to Reopen with Enhanced Safety Measures
May 01, 2020 11:55 PM BST| By Team Kalkine MediaFood processing groups and retailers have been an important cog in the wheel to make Covid-19 induced lockdowns a success. The idea was to restrict people from mass gatherings, which is proving fruitful, the UK has seen a reduction in the rate of new...
UK Retailers’ Chart Way to Be Back in Business Following A Sharp Decline in Sales During March
April 27, 2020 09:30 PM BST| By Team Kalkine MediaThe Office for National Statistics (ONS) on Friday, 24th April 2020 announced the first estimate for retail sales in Great Britain for the three months ended March 2020. It was reported that for the month ended March 2020, the monthly retail sales vo...
Unilever: Coronavirus To Change Consumers’ Shopping Behavior For Long Term
April 25, 2020 09:08 PM BST| By Kunal SawhneyThe novel coronavirus has changed the buying habits of the people as the demand for the safety and hygiene products has significantly increased in response to the pressing concerns of virus transmission. The people around the world want their hands,...
How Has the Beverages Industry of The UK Coped Up with Covid-19 Crisis So Far?
April 25, 2020 12:28 AM BST| By Kunal SawhneyBeverages industry is considered to be one of the defensive sectors, as this space doesn’t generally get affected by any market cycles, primarily because of the fact that consumption remains the same during all periods, even though it is a part...
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What Changed in The UK Consumer Confidence For April?
April 24, 2020 10:39 PM BST| By Team Kalkine MediaResearch and analysis organisation, Growth for Knowledge (GfK), in the first week of April 2020, had declared its last figures for the Consumer Confidence in the United Kingdom for the mid and end March period based on a survey conducted just a few d...
Crude Prices at Record Low: Would It Be of Any Help to British Consumers?
April 23, 2020 02:10 AM BST| By Team Kalkine MediaThe historic lows of Crude oil prices are unlikely to benefit the average British consumers. Even though very few, if any would be coming out of their houses to enjoy a ride but it has definitely instigated several consumer groups to demand petroleum...
Fashion Retailer Cath Kidston Cuts Around 900 Jobs On Closure Of All Of Its UK Stores
April 23, 2020 01:23 AM BST| By Hina ChowdharyDue to the lockdown in the United Kingdom, British retailers are facing real-time disruption in supply chain and business operations. As per the retail economics consultancy survey, nearly 25 percent of the UK’s businesses have been hit with su...
All You Need to Know About the Troubles of UK Fashion Retailer Primark
April 22, 2020 08:55 PM BST| By Team Kalkine MediaIt is no secret that retail sector has been hit the hardest out of all the industries in the United Kingdom, as store closures, followed by impending rent and lease payments and huge wage bills, plus no place to keep the inventory, as warehouses have...
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How the Food Retailer Stocks are Performing Amid COVID-19 Pandemic: Cranswick PLC & J Sainsbury PLC?
April 22, 2020 12:38 PM BST| By Team Kalkine MediaThe heightening economic damage from the coronavirus has crashed oil prices and knocked few of the European and London stocks on Tuesday (21st April 2020). However, the UK market gained and got pacified today (22nd April 2020, at the time of writing)...
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The Plight of High Street Retailers Amid the Covid-19 Crisis
April 22, 2020 01:17 AM BST| By Team Kalkine MediaIn the last around three months, since the Covid-19 outbreak, the UK government has imposed lockdown and urged its people to observe social distancing. As on 20th April 2020, according to the World Health Organisation (WHO) website, the confirmed cas...
What Are the Demands Of British High Street Retailers On Rent And Leasing?
April 20, 2020 09:22 PM BST| By Team Kalkine MediaWith the UK government’s latest announcements around supporting its businesses in the month of March, the already fragile retail sector of the country, is expected to come under an even extra financial strain, as most of the companies that are...
Debenhams Becomes the Latest UK Firm to Hint Closure of Stores
April 19, 2020 08:32 AM BST| By Kunal SawhneyDebenhams, the multi fashion retail company based out the United Kingdom, on 17th April 2020, announced that it had agreed on a series of agreements to keep around 120 of its 142 stores open in the country. The company also reported that they are in...
Retail Sector Up for An Arduous Time Ahead Despite A Surge in Online Volume
April 17, 2020 12:32 AM BST| By Team Kalkine MediaThe Retail industry in the UK has registered a slowdown in consumer spending by more than a quarter in the first two weeks since the lockdown was announced by the prime minister. Across the value chain right from the small retail shops to high-end su...
FTSE UK Retail Sales fell by 27% in the first two weeks | G20 Group suspends debt payments
April 15, 2020 08:00 PM BST| By Team Kalkine MediaHigh Street fashion chains Oasis and Warehouse have fallen into administration, leading to more than 200 immediate job losses. Some 1,800 staff across the shops, concessions and head office will be furloughed and receive 80% of pay. The brands will...
Supermarket Giant Tesco Announces ~£900 Million Dividend Despite Economic Downturns
April 10, 2020 02:05 AM BST| By Hina ChowdharyDuring the current scenario of the coronavirus outbreak, the retail sector in the United Kingdom has been hit hard as the fashion, furniture, equipment and other retailers except essential goods item stores are facing a complete shut-down due to the...
Asos Plc’s Equity Placing Reflects UK Fashion Retailers’ Fight for Survival
April 09, 2020 11:28 PM BST| By Team Kalkine MediaAsos Plc, in its bid to fight the cascading effects of the coronavirus outbreak, announced the successful placing of ordinary shares to raise capital. The company highlighted that a total of more than 15 million new ordinary shares were placed by the...
UK Healthcare And Retail Sectors Continue To Hire While Others Trigger Lay Off During A Deep Economic Slump
April 08, 2020 11:48 PM BST| By Hina ChowdharyHiring in the United Kingdom has come to a stand-still as majority of the businesses in the country are trying to preserve cash amidst weakened economic conditions in the country. The monthly job survey conducted by KPMG and REC for the month of Marc...
British Retailers expand online presence to ward off lockdown impact on their brick-and-mortar stores
April 07, 2020 01:34 AM BST| By Team Kalkine MediaThe outbreak of the coronavirus pandemic has brought e-commerce to the fore. The online retail industry which had been slowly and steadily eating into the market of the traditional retailors got a major boost in its market share in the past two month...
