Retailers

Jul- 2018 -

19 July

Store closures lead to slump in demand for retail space

New research has found that 70 percent of chartered surveyors in London saw a notable slump in demand for retail space over the last quarter, in light of recent closures by Poundworld and M&S. The research by the Royal Institution of Chartered Surveyors (RICS) said that demand for retail space…

19 July

New children’s toys launched to promote rescuing pets

A new children’s toy has been launched that aims to teach children of the need to rehome and rescue animals. The Scruff-A-Luv toys, made by South African toy manufacturer Prima Toys will be packaged as “unloved” and “abandoned” fur balls, after children care for the toys they will transform into…

13 July

Bumper June footfall sees record increase of 11.4 percent

UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4 percent increase in high street traffic compared with May. Compared with the same period last year, footfall was 7.8 percent lower, but June did deliver a reduction in the year-on-year deficit for the fourth successive month,…

10 July

Pets Corner expects ‘record year’ as it reports £46m turnover

Retailer Pets Corner has released its financial results and reported a turnover of £46m for the year ended September 2017. This was up from the previous year’s turnover figure of £39.4m. The company also saw an increase in its gross profit, up from £23m in 2016 to £27m in 2017. The…

9 July

UK Treasury rejects retailers’ business rates reform calls

The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level playing field with online retailers. During a meeting of parliament’s Treasury Select Committee, chancellor Philip Hammond said reforming international corporation tax was a higher priority for the government, adding that…

6 July

Global pet wearables market to surpass valuation of $3.5m

A new report has found the global pet wearables market is set to exceed its $3.4m (£2.5m) valuation as the consumer trend of increased spending on pet welfare continues. Fact MR’s latest report has found that the market expected to exceed the valuation by 2022, however it warned that malfunctioning…

6 July

Retail sales fall for fifth consecutive month

Retail sales fell for the fifth month in a row in June, data from BDO’s High Street Sales Tracker has shown. Total in-store like-for-like sales were down 1.7 percent compared with last year, when the figures rose 1.3 percent. It is also the ninth consecutive month that sales growth figures…

4 July

Groom-while-you-shop PetDen opens at Tesco Extra

The PetDen is offering to look after the pets of Tesco customers while they shop, by looking after them at its grooming facility held in the supermarket’s car park. Run by salon manager Liane Shield and groomer Lizz Charlton, prices for the services are dependent on the dog’s height and…

4 July

BRC calls for two-year freeze on business rates

The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the pressure on retailers. By proposing a two-year freeze on increases, the BRC said it would give time for the government and industry to develop a proposal for an updated taxation…

Jun- 2018 -

29 June

Record use of next-day services for online orders in May

The use of next-day and specified-day services for online orders hit record levels in May, accounting for 37 percent of UK delivered orders, data from online retail association IMRG shows. Online retail parcel delivery order volumes were up 14.8 percent year-on-year in May, according to the latest data from the…