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Retail
Retail Stocks Under Watch as UK Consumers Expected to Spend £408 Billion In 2021
June 14, 2021 02:37 PM BST| By Kamalika GhoshSummary UK shoppers are expected to spend £408.5 billion in 2021, after months of lockdown. The retail sales are expected to grow at 3.5% this year as the UK economy is gradually reopening. With the UK economy gradually reopening aft.....
Carrefour And Tesco Announce End of Purchasing Alliance
June 07, 2021 12:35 PM BST| By Suhita PoddarSummary UK based supermarket major Tesco ended its 3 year purchasing alliance with France’s Carrefour, which has been operational since 2018 and is set to end on 31 December The two companies had entered into the agreement to boost their .....
Tesco Shares Not Much Impacted by Adverse ECJ Ruling
June 04, 2021 10:46 AM BST| By Kamalika GhoshSummary The EU court ruled in favour of Tesco female shop floor workers in an equal pay dispute, triggering over £2.5 billion back pay claims for Tesco Plc. The staff had claimed that the retailer’s female shop workers had not got e.....
JD Sports cracks 2% as it agrees to sell Sports Unlimited Retail
June 03, 2021 03:55 PM BST| By AbhijeetSummary JD Sports shares tumbled a little more than 2 per cent on Thursday The company has agreed to sell Sports Unlimited Retail BV Shares clocked a total turnover of over £2 million up until 1506 BST Shares of JD Sports Fashion Pl.....
UK Shop Price Deflation Eases in May: Shoe Zone and JD Sports in Action
June 02, 2021 10:07 AM BST| By Suhita PoddarSummary May’s shop price fall was lower than the previous month’s decrease of 1.3 per cent, said the latest BRC report. The deflationary trend continued in May as the high street retailers kept offering lower prices and supermarkets.....
Marks & Spencer Posts A Loss Of £201.2 Million; Clothing & Home Sector Worst Hit
May 26, 2021 01:13 PM BST| By AbhijeetSummary Marks & Spencer Group posted a loss of £201.2 million for the 53 weeks ended 3 April. The group said clothing & home results reflected the impact of a change in product mix and stock clearance challenges. The company said.....
Focus on 2 FTSE 250 Retail stocks: Dunelm PLC and Frasers Group PLC
May 26, 2021 07:16 AM BST| By Suhita PoddarSummary The Confederation of British Industry reported that UK retail sales data for May were in line with normal volumes, however, it was a bit of disappointment following April’s blockbuster results The body reported sales dropped to -3.....
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2 Retail Stocks to Look at As UK Shoppers Return to Supermarkets Post Reopening
May 25, 2021 02:50 PM BST| By Suhita PoddarSummary UK supermarkets got more footfalls in the 12 weeks to 16 May, as the vaccination programme is progressing in full swing. The average basket size in the UK shrunk for the third month in a row to £22.82. The latest research fro.....
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2 FTSE 250 Retailers in Focus: Marks and Spencer and WH Smith PLC
May 24, 2021 03:56 PM BST| By Suhita PoddarSummary The Office of National Statistics released data on 21 May indicating a rise in sales volumes by 9.2 per cent in April. Pent up demand during the lockdown led to the rise in sales as the country has eased restrictions Retail giants Mark.....
Focus On 2 Lesser-Known Retail Stocks as Retail Sales Jump in April
May 11, 2021 01:03 PM BST| By Suhita PoddarSummary The UK retail sales rose 7.3 per cent in April as compared to the same month two years ago. The short-term trend of pent-up demand in shopping drew consumers back to the retail stores. British high street still has to trudge a long way.....
UK Retail Footfall in April Picks Up; Next, JD Sports and Kingfisher in Focus
May 06, 2021 03:12 PM BST| By Team Kalkine MediaSummary UK’s retail footfall has recovered considerably in April, surging by 240.8 per cent from a year ago. April’s footfall stood at 32.9 per cent, almost a third of April 2019 levels. High streets recorded a 42 per cent decline .....
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What Led to the Surge in Fashion Retailers Superdry And Next Stocks?
May 06, 2021 02:27 PM BST| By Suhita PoddarSummary Superdry’s channel revenue from the ecommerce stream was up 33.8 per cent for FY 21. Next Plc raised its profit-before-tax central guidance for FY 21 to £720 million. UK’s fashion brands got a fresh lease of life .....
5 Diversified Retail Stocks to Look for in May
May 06, 2021 09:58 AM BST| By Suhita PoddarIn the past twelve months, there has been a thrilling and permanent shift to online shopping around the globe. Online retailer companies have also seen a spike in their profits during the various locally imposed lockdowns. Millions of customers hav.....
Buzz in Retail Sector: Boohoo Earnings Up 37% While Ikea Begins Buyback Scheme
May 05, 2021 01:37 PM BST| By AbhijeetSummary Boohoo reported a 37 per cent rise in its earnings for the year ending 28 February 2021. Ikea is driving its climate change initiative by launching a furniture re-sale and buyback scheme. Even though the exact uptake of the scheme is y.....
Retail Companies in News - ABF, Next, Asda
April 21, 2021 10:47 AM BST| By Suhita PoddarSummary Primark owner Associated British Foods Plc has announced to hand back £121 million in furlough cash to the government. The CMA has raised concern over Bellis' buyout of Asda, as it could lead to higher petrol prices within the cou.....
English Shoppers Binge on Covid-19 Restrictions Ease
April 20, 2021 05:46 PM BST| By Suhita PoddarA few days ago, non-essential retail was allowed to resume operations in England. Now, Scotland and Northern Ireland are also following the same by April end. There has been a 200 per cent rise in retail store footfalls in the last week, as per the.....
FTSE 100 Reclaims 7,000: This Blue-Chip Stock Gained Over 150% In 1 Year
April 19, 2021 11:59 AM BST| By AbhijeetSource: Peshkova, Shutterstock Summary FTSE 100 finally bounced back to above 7,000 for the first time since February 2020 One of the FTSE 100 constituents has jumped over 150 per cent in 1 year Nikkei 225 of Japan has managed to recognise a...
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Retail Sales Run Amid Covid Reflects on Positive Numbers of TPK and FIXP
April 15, 2021 02:02 PM BST| By Suhita PoddarSource: PattyPhoto, Shutterstock Summary While workplace visits have slowed, consumer retail & recreation visits have increased across countries resulting in optimistic demand and sales run for retailers. Travis Perkins PLC and Fix Price G...
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Covid Cost Wipe Out Major Portion of Tesco's FY21 Pre-Tax Profit
April 14, 2021 03:37 PM BST| By Abhijeets growth is likely to reduce this year as pandemic restrictions ease in the UK. UK’s biggest retail chain Tesco’s (LON: TSCO) profit before tax dropped by 19.7 per cent to £825 million for FY 21. The drop came about as the comp...
JD Sports Expects 2022 Profit to Exceed Pre-Covid Levels
April 13, 2021 05:26 PM BST| By Suhita PoddarSource:Sasin Paraksa, Shutterstock Summary JD Sports Fashion expects headline profit before tax will be between £475 million to £500 million for the full year to 29 January 2022. The fashion retailer announced higher revenue of GBP...
