Spending more on less: Premiumisation emerges as retail winner June 10, 2025 Most people will be familiar with retail premiumisation from the pandemic. Faced with a sudden boost in the number of Brits on furlough with time to spend looking for products, a number of retailers – partially luxury and alcohol retailers – bumped up their supply of more expensive, premium products. The strategy worked well, for [...]
Retail shrinks by over 360,000 jobs in a decade June 10, 2025 The number of retail jobs in the UK has shrunk by more than a tenth since 2015, according to new data. There were 2.76m jobs in retail in March 2025, 360,000 fewer than in 2015, according to the latest report by the ONS. The number of full-time jobs has fallen by 117,000 since 2015, while the number [...]
M&S: FTSE 100 retail giant resumes online orders after cyber attack June 10, 2025 Marks and Spencer has resumed online orders six weeks after a cyber attack forced it to pause e-commerce operations. On its website, M&S said that customers “can now place online orders for home delivery to England, Scotland and Wales”, while deliveries to Northern Ireland will restart in the coming weeks. In a Linkedin post, managing [...]
Represent: Clothing brand almost doubles sales in two years June 10, 2025 Sales at clothing brand Represent jumped towards the £100m mark in a “landmark year” which saw it double down on collaborations, grow its activewear and expand into further into the US. The business, which was founded by brothers George and Michael Heaton, has posted a turnover of £93.8m for 2024, up from the £80.8m it [...]
Trustpilot shares sink after analysts downgrade to ‘Sell’ June 9, 2025 Shares in review platform Trustpilot sunk on Monday after analysts slapped a ‘Sell’ rating on the firm and warned of economic challenges ahead. Trustpilot’s stock tumbled over eight per cent in early trading to around 216p. Panmure Liberum analysts Sean Kealy and Johnathan Barrett cautioned the “deteriorating” state of the US economy would “test the [...]
Evri to ramp up courier workforce after DHL partnership June 9, 2025 Evri is planning to hire 5,000 couriers in a fresh recruitment drive as the parcel giant takes on rivals after entering the business letter market. The Yorkshire-based firm recently announced it was joining forces with DHL’s UK ecommerce arm to form one of the country’s biggest delivery firms. It said the new roles would bring [...]
Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit June 8, 2025 Tesco shareholders will be watching closely for signs that it is managing to fend off competition as the supermarket price war heats up and “awful April” bill hikes eat into household income. The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday. Tesco recently [...]
M&S: Shares in FTSE 100 firm to hit 10-year high, say analysts June 6, 2025 Shares in Marks and Spencer (M&S) have been tipped to rocket to their highest valuation in ten years in the wake of the FTSE 100 giant battling a major cyber attack. Off the back of the British icon’s full-year results, analysts are predicting that shares in M&S will rise to more than 420p each. The [...]
Pret owners in discussions for IPO or possible sale June 6, 2025 Pret’s parent company JAB Holding has engaged advisors to explore options for the sandwich chain, which include a potential sale or stock market float. Luxembourg-based JAB, which bought Pret for £1.5bn in 2018, told the Financial Times that it was not “currently” considering a sale, but added: “As we move closer to a potential IPO, [...]
One in ten retail jobs at risk in the next three years June 6, 2025 Cost pressures in UK retail mean one in ten jobs are at risk of disappearing by 2028, according to a new report. The number of jobs in retail has already dropped by over 350,000 since 2015, a fall nearly ten times bigger than the total number of jobs in the steel industry, the British Retail [...]