UK retailers news and archive

UK retailers experiencing financial distress

UK retailers are not in optimal health according to a new report, with many businesses experiencing ‘significant’ financial stress. The results were published by Begbies Traynor’s Red Flag Alert research for Q2 2018, which monitors the financial health of UK companies. The finding saw 472,183 businesses facing tough times, up 9 percent from last...

Retail

'Death of cash' in the UK greatly exaggerated as consumers change paying habits

Despite a decline in cash transactions across the UK, the foreseen 'death of cash' has been largely exaggerated according to this year's annual Payments Survey from the British Retail Consortium (BRC) published today. The survey found that cash remains the preferred payment method in the majority of transactions, accounting for over 52 percent...

Fashion

UK online retailers facing increasing rental charges following warehouse shortage

Online retailers in the UK may soon be faced with up to a 10 percent increase in rental price and delivery issues due to a shortage of warehousing supply. UK e-tailers, ranging from Amazon and Asos to Very.co.uk use warehouses across the country but other companies who are seeking to expand should plan ahead and property developrs should seek to...

Fashion Featured

UK retailers prepare for spend surge as LFW and Lunar New Year collide

As the start of London Fashion Week descends up the UK capital, retailers start to prepare for the anticipated influx of international shoppers, but according to Global Blue, retail tourism experts, the spend boost is predicted to be higher than ever as the week coincides with the Chinese New Year for the first time, running from February 19 to...

BusinessFeatured

Record breaking tourist spend over Christmas boosts weak year

International spend in the UK hit the highest level on record in December, 2014, according to retail tourism experts, Global Blue. The festive month came in higher than last year's record, up a further 11 percent on the 40 percent increase seen in 2013 for December, but was not enough to boosted overall growth. 2014 ended with international...

Fashion

UK retailers growing belief in 'omni-channel champions'

Although over two-thirds (66.1 percent) of US retailers revealed that they feel pressure from online businesses such as Amazon to redesign their online businesses. Across the pond UK retailers feel less competition (24.4 percent) and have more confidence in power of omni-channelling. According to thenewest report published by eCommera,...

Fashion

UK bribery act to affect retailers

A new legislation has been brought in by the Ministry of Justice, which could have significant implications for retailers. The new law makes it a corporate offence to not prevent bribery by those working for your company wherever they be based. With UK retail sales slow and further expansion plans taking place overseas “UK retailers may become...

Fashion

UK retailers could face tough times

Two of the UK's top clothing retailers, French Connection and Next, have warned that tough times are coming. The pair are worried about the effect that five interest rate rises are having on spending on the High Street, reports the BBC. Despite the cautious outlook, Next's six month results were better than expected with profits before tax up...

Fashion

Web loses millions in sales due to slow processing

UK retailers lost an estimated £84 million of online sales in the busiest quarter of 2005 due to unreliable websites, according to research conducted by leading retail analyst, Verdict Consulting. As was published by Retail Bulletin, the results are based on conservative growth estimates of the online sales channel, this figure looks set to rise...