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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Why Retailers Are Seeking A Permanent Rate Cut Despite Another £1.5-Bn Relief Package

Why Retailers Are Seeking A Permanent Rate Cut Despite Another £1.5-Bn Relief Package

Source: 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 ...

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2 FTSE 100 Supermarket Stocks in Focus After Asda Switches to Reusable Bags

2 FTSE 100 Supermarket Stocks in Focus After Asda Switches to Reusable Bags

Source: 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...

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Thorntons to Shut All 61 Stores. How Other UK Retailers Are Planning to Survive

Thorntons to Shut All 61 Stores. How Other UK Retailers Are Planning to Survive

Source: 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...

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3 FTSE Fashion Stocks Expected to Perform Better Than Market Expectations

3 FTSE Fashion Stocks Expected to Perform Better Than Market Expectations

Source: 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...

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3 FTSE High Street Retail Stocks to Look at After John Lewis Announces Shop Closures

3 FTSE High Street Retail Stocks to Look at After John Lewis Announces Shop Closures

Source: 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...

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UK supermarket stocks to explore after online grocery market share touches 17%

UK supermarket stocks to explore after online grocery market share touches 17%

Source: 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...

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Barclaycard consumer spending survey and retail stocks in focus

Barclaycard consumer spending survey and retail stocks in focus

Source: 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...

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Deliveroo’s hotly anticipated IPO kicks off in London

Deliveroo’s hotly anticipated IPO kicks off in London

Source: 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

How Sunak’s Amazon Tax Plan Will Impact the Online Retail Stocks

Source: 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...

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Government asks Boohoo (LON: BOO) to link senior staff bonuses to its climate goals

Government asks Boohoo (LON: BOO) to link senior staff bonuses to its climate goals

Source: 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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