By Staff writer
The UK retail industry has produced some of the world’s most iconic retail brands, and none arguably more so than Marks and Spencer. Many were surprised when it made the decision to close 100 stores by 2022, accelerating a reorganisation that it says is “vital” for its future.
As the retail industry takes another body blow with planned store closures at high street cornerstone Marks & Spencer, and after Homebase was flogged for a quid, there doesn’t seem much motivation to open a business with a shop front anymore.
Independent UK retailers experienced a surprising 8% sales drop on average over the Royal Wedding weekend, as consumers abandoned high streets up and down the country in favour of watching the televised nuptials.
The proposed merger between retail giants Sainsbury’s and Asda could disrupt smaller businesses further down the supply chains of both supermarkets, an industry expert has warned.
With old lumbering dinosaurs of UK retail dying out at quickening rates to be replaced by online-savvy brands, Charlie Mullins asks if we’re experiencing the death of the high street?
By Staff writer
In the new age of retail, technology is everything, explains Anil Gandharve, vice president and global head of retail, CPG and manufacturing at IT consultancy Mindtree.
Improved mobile connectivity, enabled by 5G, will take retailers and commercial businesses” understanding of how customers shop to entirely new levels, a landmark new report from mobile operator O2 has concluded.
Sushi restaurant chain Wasabi has secured a £30m revolving credit facility from high street bank HSBC to support plans to expand further in London.
UK retailers have seen a “concerning spike” in severe violence against employees and a continued rise in retail crime such as shoplifting, new industry data has revealed.
Shopping online is a norm, but where does that leave trading on the high street” Bricks and mortar retailers detail their experiences and expectations.
