3 supermarket stocks to hold despite decline in consumer confidence

Summary 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...

Summary 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...

Summary 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 ...

Summary 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 ...

In 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...

Summary 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...

Summary 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...

A 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...

Source: 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 ...

Source: 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...