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Retail
Retail Footfall Witnesses Sharp Uptick on Reopening, but stocks were a no-show
April 12, 2021 02:53 PM BST| By Suhita PoddarSource: chainarong06, Shutterstock Summary Retail analyst group Springboard’s data up until 10 AM showed 218.2 per cent surge in overall retail footfall. High street footfall remained 31 per cent lower in terms of when compared to the sa...
Reopening: Most UK Consumers Feel Safe in Returning to The High Street
April 09, 2021 12:26 PM BST| By Abhijeetrollout, over one third of consumers are now feeling safe dining out at a restaurant. UK businesses are gearing up for the reopening as non-essential retailers will be opening their doors on 12 April after the third national lockdown. As ....
Lens on Top Retail Stocks as UK Retail Footfalls Rise in Easter Week
April 08, 2021 02:07 PM BST| By Suhita PoddarSource: gpointstudio, Shutterstock Summary Retail footfall across Britain was up 8.5 per cent last week, a Springboard survey highlighted. Footfalls increased by 9 per cent for high streets and 9.7 per cent for retail parks during the last wee...
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5 Top Retail Dividend Stocks for this Easter
April 02, 2021 05:53 AM BST| By Suhita PoddarSource: Andrii Yalanskyi, Shutterstock Summary Retail sector has delivered a resilient performance in the last one year. The good run is expected to continue to paradigm shift in consumer behaviour. Investors seeking moderate risk and return...
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Next's Shares Soar Over 2 Per Cent After Showing Optimism for FY22
April 01, 2021 12:58 PM BST| By Suhita Poddarrsquo;s shares were up 2.19 per cent in the morning trade hours on Thursday. NEXT Plc (LON: NXT) released its financial results for the year ending 31 January 2021 today. It delivered a profit before tax of £342 million (FY20: &pou...
3 Retail Stocks in Focus as UK Shop Prices Fall in March
March 31, 2021 11:05 AM BST| By Suhita PoddarSource: fiphoto, Shutterstock Summary Shop prices fell by 2.4 per cent in March as the January lockdown led many non-food retailers to discount products, according to the latest British Retail Consortium-Nielsen shop price index. Non-food pric...
Why Asda May Be Facing A Multi-Million Payout After Losing Equal Pay Case
March 26, 2021 03:41 PM GMT| By Suhita PoddarSource: Makistock, Shutterstock Summary UK-based supermarket Asda has lost the latest appeal in an equal pay case for retail staff, mostly women, which may force Asda to pay up £500 million as compensation. Over 44,000 female workers...
Feb Retail Sales Recover Slightly, Lens On 3 Diversified Retail Stocks
March 26, 2021 11:29 AM GMT| By AbhijeetSource: PattyPhoto, Shutterstock Summary Retail sale volume online and offline rose 2.1 per cent in the month of February. The recovery was driven by robust demand in the household items category, which was up 16%. The ONS said the jump was d...
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Why Retailers Are Seeking A Permanent Rate Cut Despite Another £1.5-Bn Relief Package
March 26, 2021 08:38 AM GMT| By Suhita PoddarSource: Pcess609, Shutterstock Summary The UK Treasury announced an additional business rates relief worth up to £1.5 billion on 25 March in a bid to support to businesses outside of the retail, hospitality and leisure sector. The...
2 FTSE 100 Supermarket Stocks in Focus After Asda Switches to Reusable Bags
March 19, 2021 06:20 PM GMT| By Suhita PoddarSource: Lizardflms, Shutterstock Summary UK-based supermarket chain Asda said it will remove over 100 million single-use plastic bags from its stores every year and switch to reusable bags. The move comes after the supermarket conducted a tria...
Thorntons to Shut All 61 Stores. How Other UK Retailers Are Planning to Survive
March 16, 2021 09:55 AM GMT| By Suhita PoddarSource: limpido, Shutterstock Summary Chocolate maker Thorntons announced it would shut down all the 61 stores. The brand would be available for sale in supermarkets, and other retailers. Thorntons Derbyshire factory would manufacture to cate...
3 FTSE Fashion Stocks Expected to Perform Better Than Market Expectations
March 15, 2021 08:46 AM GMT| By AbhijeetSource: Rawpixel.com, Shutterstock Summary Burberry Group Plc announced that it had seen a rebound in sales since December. Sales from retail stores in the fourth quarter of FY2021 is expected to be between 28% and 32%. After Burberry Gro...
3 FTSE High Street Retail Stocks to Look at After John Lewis Announces Shop Closures
March 11, 2021 03:23 PM GMT| By Suhita PoddarSource: AlenKadr, Shutterstock Summary UK-based high-end department store John Lewis said it may have to close more stores after reporting a record loss of £517 million in FY2020 due to lockdown restrictions. 3 FTSE stocks -- Marks and S...
UK supermarket stocks to explore after online grocery market share touches 17%
March 09, 2021 02:22 PM GMT| By Team Kalkine MediaSource: KucherAV, Shutterstock Summary UK shoppers spent £1.5 billion on groceries online for the four-week period ending 27 February, as per the latest NielsenIQ survey. The number of households shopping online for groceries had more th...
Barclaycard consumer spending survey and retail stocks in focus
March 09, 2021 10:17 AM GMT| By Team Kalkine MediaSource: hxdbzxy, Shutterstock Summary Consumer spending in February dropped 13.8 per cent as compared to the same month in 2020. Expenditure on essential items rose 5.3 per cent while on non-essentials, it dropped 22.1 per cent. Retail chains...
Deliveroo’s hotly anticipated IPO kicks off in London
March 08, 2021 02:00 PM GMT| By Team Kalkine MediaSource: giggsy25, Shutterstock Summary The food delivery company launched its London IPO on Monday, 8 March, after recording narrower losses during the pandemic year. The company was valued at over US $7 billion in its latest funding round. T...
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How Sunak’s Amazon Tax Plan Will Impact the Online Retail Stocks
March 08, 2021 10:47 AM GMT| By Suhita PoddarSource: William Potter, Shutterstock Summary UK Finance Minister Rishi Sunak is said to be garnering support from his G7 finance minister counterparts for a new Amazon tax aimed at taxing online retail giants, such as Amazon. The move comes ah...
Government asks Boohoo (LON: BOO) to link senior staff bonuses to its climate goals
March 05, 2021 10:23 AM GMT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary The EAC committee has asked the company to link its remuneration incentives to environment and sustainability improvements. Mahmud Kamani, Chairman of Boohoo, has agreed to deliver on the promises m...
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Why Amazon opened a just walk-out store in the UK
March 05, 2021 09:33 AM GMT| By Suhita PoddarSource: Nopparat Khokthong, Shutterstock Summary e-commerce giant Amazon opened its Amazon Fresh grocery store in Ealing, West London, without tills to support a contactless shopping experience for customers. It is the first-of-its-kind physic...
Budget 2021: How Can the Contactless Limit Increase Help the Retail Sector?
March 04, 2021 09:01 AM GMT| By Suhita PoddarSource: Freedomz, Shutterstock Summary British Finance Minister Rishi Sunak announced an increase on the contactless payment limit from £45 to £100 in a bid to boost the retail sector. Sunak said the UK is no longer required to adh...
