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Festive gatherings and holiday bookings boost hospitality and travel in December, while utility bills continue to impact finances

A1 Retail

Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. Supermarket spend remained in growth (up 5.5 Spending on utilities climbed 40.6 percent, as the drop in temperature led more households to increase their heating . percent and 62.4 percent and 28.8

Finance 98
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Buyer sought after Send collapses into administration

Inside Retail

SEND has faced some unique financing challenges given the composition of its international investors.”. At the time, founder Rob Adams told SmartCompany the startup planned to open up to 30 grocery fulfillment centres by the end of the year. Send was founded in early 2021 and by August last year, had secured a $3.1

Finance 258
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One in five retail workers plan to quit the retail industry

365 Retail

A new report by industry charity the Retail Trust has found that one in five (21%) British retail workers and nearly a third (31%) of people working for the UK’s biggest retailers are planning to quit the sector. Bakery shop owner discussing financial report with poor figures with sad shop assistant. Rising abuse.

Planning 104
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Morrisons takeover approach: Who wants to buy the supermarket and why?

365 Retail

billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. Morrisons has snubbed a £5.5 Who is the potential buyer?

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. However, it made an even bigger investment in its expansion plan, opening 50 new branches to Aldi’s 18.

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7 retailers that have gone bust so far this year

Retail Gazette

Muji told TheBusinessDesk.com : “This is part of a planned strategic restructuring of the business and Muji’s management expect to conclude a deal shortly. The Body Shop The Body Shop owner Aurelius called in administrators at FRP in February just weeks after it bought the chain from Brazillian beauty group Natura & Co.

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Consumer card spending grew just 3.1 percent in January as Brits opted for nights in and home-cooked meals

A1 Retail

However, pointing to improving optimism, consumers’ confidence in both their household finances and ability to spend within their means reached its highest point in over two years. Growth in supermarket spending increased to 5.2 Of these consumers, half (47 percent) are using loyalty schemes or vouchers to get money off shopping.