UK RETAIL news and archive

UK retail loses 70,000 jobs in final months of 2018

Last year proved difficult for the struggling UK high street, with new figures from the British Retail Consortium (BRC) revealing that some 70,000 jobs were lost in the UK retail sector in the final months of 2018, with the busy winter months doing little to help a decline in staff demand. The number of employees working in retail was down 2.2...

BusinessFeatured

The best GDPR fashion emails asking you to 'Stay in Touch'

With the General Data Protection Regulation (GDPR) coming into effect this morning, every single business that works with personal data has had to update their users on how they gather, manage and store their information. While the main aim of the privacy regulation is to usher in a new set of digital rules for EU citizens, retailers, brands and...

BusinessFeatured

4 tips for Online Fashion Retailers for GDPR

London - A new regulation concerning how companies work with citizens personal data across the European Union is set to come into full force on May 25. The General Data Protection Regulation (GDPR) is set to replace the previous national data protection regulation and has been designed to give consumers more control over how their personal data...

Business|IN-DEPTH Featured

GDPR: Leading challenges online fashion retailers may face

London - The way companies process personal data across the European Union is set to change once the new General Data Protection Regulation (GDPR) comes into effect on May 25. The new legislation places a number of requirements on how businesses, such as fashion retailers, handle EU citizens personal data. But what effect will GDPR have on...

BusinessFeatured

Prince Harry and Meghan Markle wedding expected to give UK retail a boost

“We have real earnings growth coupled with a royal wedding and two bank holidays around the corner. Maybe with the right weather, the combination of these factors could be just the boost retailers have been hoping for,” says the head of retail and wholesale at BDO, Sophie Michael, in a recent report. BDO, an accountancy and business advisory...

Retail

Digital innovation helped axe 62,000 retail jobs in 2016

Digital innovation and the rise of online is said to have affected 62,000 jobs in the UK retail sector last year, according to new research from the Office for National Statistics (ONS). The ONS reported that employment within the UK retail sector declined by 62,000 last year, as stores and outlets across the nation saw a 2.2 percent dip in...

BusinessFeatured

What the election result could mean for UK Retail

London - The country awoke to social and political uncertainty Friday morning after the UK snap general election ended with a hung parliament. As leader of the Conservative party, Theres May, is expected to meet with the Queen at 12.30 pm to ask permission to form a government after failing to win majority due to a surge of support for the...

BusinessFeatured

What implications Trump’s Presidency may have on UK retail

London - 2016 has proved to be quite the year so far. Following the economic and political uncertainty brought on by the Brexit, comes an even more pivotal moment - Donald J. Trump winning the U.S presidential election. As the United States, and the rest of the world, wait to see what Trump will do next and the UK government considers inviting...

RetailFeatured

Quiet battle for the sound of silence in UK shops

Nigel Rodgers is in hell. A campaigner against piped music for decades, he stands in a shoe shop on London's Oxford Street which is blaring out loud pop music, wincing visibly. A campaigner against piped music for decades, he stands in a shoe shop on London's Oxford Street which is blaring out loud pop music, wincing visibly. "It's just as bad...

Design

UK retail May sales up 2.1 percent

REPORT_ Sales of UK retail have risen 2.1 percent in May compared to the earlier month. Compared to the same month last year, sales were up 1.9 percent. In April, high street sales fell 1.1 percent. Julie Palmer, Partner at Begbies Traynor, said: “As retail sales bounce back after a difficult start to the year, we are seeing clear signs that...

Fashion

Fashion held back by cold weather

Easter is usually a time for clothes shopping, when consumers are finally ready to embrace the new season collections, which in February appear too summery on the shop floor. Retail sales in March saw a slight rise over 2012, due mainly to Easter falling early this year, however sales of fashion suffered. The British Retail Consortium this week...

Fashion

Investors look to British high street

British high street fashion brands are in demand as investors look to acquire stakes in UK retail businesses. Corporate adviser Clearwater Corporate Finance compiled a report called The Spend, which calculated overseas investors led 42% of mid-market deals in retail in 2011, a rise from the 38% last year and 2009’s figure which stood at 18%....