Retail Stocks

3 supermarket stocks to hold despite decline in consumer confidence

 3 supermarket stocks to hold despite decline in consumer confidence

UK’s consumer confidence is being heavily impacted by the rising anxiety associated with the surging cost of living. The GfK’s Consumer Confidence Barometer fell five points to minus 13 in September 2021, the lowest level in twelve mont...

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2 Retail Stocks in Focus: Halfords Group Plc and Motorpoint Group Plc

2 Retail Stocks in Focus: Halfords Group Plc and Motorpoint Group Plc

Summary Halfords Group Plc reported a 13.1% rise in revenue in FY21 recommended a dividend of 5p per share. Motorpoint Group Plc revenue for FY 21 witnessed a 29.1% drop. 2020 was a year unlike any other, which severely impacted retail sec...

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Stiff Competition for Tesco and Likes, Mere to Open 300 Stores Across the UK

Stiff Competition for Tesco and Likes, Mere to Open 300 Stores Across the UK

Summary A new budget supermarket Mere is set to open 300 stores across the UK. The supermarket chain will be 30% cheaper than the existing budget retailers of the UK. A new supermarket chain Mere is planning a grand launch in the UK. Since...

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Retail Stocks Under Watch as UK Consumers Expected to Spend £408 Billion In 2021

Retail Stocks Under Watch as UK Consumers Expected to Spend £408 Billion In 2021

Summary 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...

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Carrefour And Tesco Announce End of Purchasing Alliance

Carrefour And Tesco Announce End of Purchasing Alliance

Summary 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 ...

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Tesco Shares Not Much Impacted by Adverse ECJ Ruling

Tesco Shares Not Much Impacted by Adverse ECJ Ruling

Summary 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...

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JD Sports cracks 2% as it agrees to sell Sports Unlimited Retail

JD Sports cracks 2% as it agrees to sell Sports Unlimited Retail

Summary 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...

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UK Shop Price Deflation Eases in May: Shoe Zone and JD Sports in Action

UK Shop Price Deflation Eases in May: Shoe Zone and JD Sports in Action

Summary 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...

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Marks & Spencer Posts A Loss Of £201.2 Million; Clothing & Home Sector Worst Hit

Marks & Spencer Posts A Loss Of £201.2 Million; Clothing & Home Sector Worst Hit

Summary 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...

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Focus on 2 FTSE 250 Retail stocks: Dunelm PLC and Frasers Group PLC

Focus on 2 FTSE 250 Retail stocks: Dunelm PLC and Frasers Group PLC

Summary 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

2 Retail Stocks to Look at As UK Shoppers Return to Supermarkets Post Reopening

Summary 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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