Sainsbury has this morning confirmed plans to merge with Asda in a deal which will see Asda’s current owner, Walmart, taking a stake of 42 percent in the enlarged group. Sainsbury will in addition pay £2.975 billion to Walmart for control of Asda. Walmart is to retain responsibility for the Asda pension scheme, subject to approval.
Published: 1 May 2018
The backdrop for UK retailers so far this year has been one of tough trading conditions, with the likes of New Look, Moss Bros and Carpetright all revealing they’re feeling the strain. Debenhams shares hit a nine-year low this morning following news of an 85 percent drop in pre-tax profits.
Published: 27 April 2018
1 in 3 Brits admit to shopping late at night a more than they did 5 years ago; and many businesses are now working 24 hours a day. Yet retailers and delivery companies have been slow to respond to the fast-growing demand for night-time deliveries. 2018 will finally see the dawn of late-night deliveries, predicts a new study by the e-commerce delivery experts ParcelHero.
Published: 11 April 2018
Sales were up 0.1 percent in January, against analyst forecasts of a much larger 0.6 percent rise. This suggests consumers were somewhat reluctant to splurge in the January sales. The news is a further blow to the UK’s domestic economic prospects following December’s 1.4 percent decline.
Published: 19 February 2018
Home delivery expert ParcelCompare says todays ONS retail sales figures for January show online growth slowing. The parcel and home delivery experts ParcelCompare says the growth in internet sales, which have been propping up retail for many months, fell back sharply in January with year on year growth of just 9.1% - e-commerce was growing at 19.2% in January 2017.
Published: 17 February 2018
Only a quarter (25 percent) of shoppers are excited about this weekend's sales, with a further 40 percent agreeing the event is overrated. Retail insight: The top items on shoppers’ wish lists are clothes (52 percent), toys (31 percent) and laptops (27 percent)
Published: 2 December 2017
ParcelCompare’s Head of Consumer Research, David Jinks MILT, says: ‘Online and High Street sales are in opposite worlds. Online Department store sales soared 19.2 percent and clothing and shoes 17.9 percent YOY in October. But High Street Department store’s sales volumes actually fell by -0.1 and fashion sales fell by -1.8 percent YOY’.
Published: 30 November 2017
We’ve been waiting for the pay squeeze to filter through to the high street, and at first glance today’s numbers aren’t good news on that front. A decline of 0.3 percent is the first annual drop since March 2013. But the numbers aren’t as bad as they look. A 0.3 percent drop is better than the 0.6 percent fall which was forecast.
Published: 28 November 2017
The impact of 3D printing on online shopping and the High Street has been massively underestimated. Comment from David Jinks ... View Article
Published: 29 October 2017
The currency markets are clearly paring back bets that the Bank is going to raise rates imminently thanks to these latest figures, though the odds are still very much in favour of a rate hike. The stage is now set for a big decision from the central bank on 2nd November.’
Published: 25 October 2017