Retail news

• Christmas Eve footfall drops after “manic Monday”

  24-12-2019 15:38 via retailgazette.co.uk
  
  // Christmas Eve shopping disappoints retailers as footfall levels drop
  // Footfall dropped 7.8% before midday today, compared to Christmas Eve morning last yearThe UK’s high streets and shopping centres have recorded a slump in footfall during Christmas Eve following a spike in shopper numbers on Monday.
  Footfall dropped 7.8 per cent before midday today, compared to Christmas Eve morning last year, Springboard found.
  High streets were the worst hit areas with footfall levels dropping 8.9
  
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• Online Christmas Day spending expected to exceed £1bn

  24-12-2019 13:24
  
  Marks & Spencer, John Lewis, Currys PC World and Boots have already started their salesShoppers are forecast to splash out more than £1bn online on Christmas Day as retailers slashed their prices on Christmas Eve at the end of a difficult festive shopping season.Marks & Spencer, John Lewis, Currys PC World and Boots kicked off their sales online on Christmas Eve, as they have done for several years. Related: Fewer people visit UK shops on last Saturday before ChristmasContinue read
  
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• John Lewis Partnership fails to smash sales in week before Christmas

  24-12-2019 13:00 via retailgazette.co.uk
  
  // John Lewis Partnership sales drop 8.7%
  // John Lewis posts 5.1% drop in revenues compared to a year ago
  // Waitrose sales drop by 11.9% during the weekJohn Lewis Partnership has recorded a decline in sales during the last week before Christmas.
  In the week to December 21, the department store chain posted a 5.1 per cent drop in revenues compared to a year ago.
  Waitrose’s sales also dropped by 11.9 per cent during the week.READ MORE: John Lewis Partnership weekly sales drop 7.8%As a grou
  
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• FedEx will “start lapping Amazon” in 2021 as rivalry escalates

  24-12-2019 12:46 via chargedretail.co.uk
  FedEx has said its ground delivery service will “start lapping Amazon” in 2021 despite lowering its earnings outlook for 2020.
  The delivery giant’s chief financial officer told investors this week that heavy investments made this year will begin paying off in 2021, helping the company return to prominence in the delivery market flowing the meteoric rise of Amazon in the sector.
  “If you think about all the positive things we’ve said and that we’re seeing, as we
  
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• H&M to investigate slave labour allegations

  24-12-2019 12:33 via retailgazette.co.uk
  
  // H&M becomes 2nd retailer to launch investigation into whether its products were made in a Chinese jail
  // Tesco was hit with slave labour allegations on SundayH&M has become the second high street retailer to investigate whether its products were made in a Chinese jail, after Tesco was hit with slave labour allegations.
  On Sunday, the Big 4 grocer stopped selling Christmas cards after a six-year-old girl found a message in the charity Christmas cards alleging it was packed using force
  
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• Harrods to open first store outside the UK

  24-12-2019 09:43 via retailgazette.co.uk
  
  // Harrods to open store in China next year
  // Harrods MD Michael Ward said the company has been investing in China for a decadeHarrods is set to open its first store in China in a bid to serve the country’s surging middle class.
  The luxury department store’s first standalone site outside the UK will open next year and will be located in Shanghai’s Pudong.
  Harrods managing director Michael Ward said the company has been investing in China for a decade and has responded to custo
  
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• Boxing Day sales set to disappoint

  24-12-2019 09:06 via retailgazette.co.uk
  
  // Boxing Day sales are set to drop 12%
  // This follows a 6.5% drop year-on-year of in-store sales in 2018
  // 60% of purchases are expected to be made on mobile devicesBoxing Day in-store sales are expected to drop by more than 12 per cent this year compared with 2018, according to a new report.
  Purchases in store are expected to reach £3.25 billion on December 26, VoucherCodes and the Centre for Retail Research found.
  This follows a 6.5 per cent drop year-on-year of in-store sales in
  
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• Barbour sales smash £225m

  24-12-2019 08:49 via retailgazette.co.uk
  
  // Barbour records sales of £225.1 million in the year to April 30
  // Profits reach £39 million from £33.4 million a year earlierBarbour has reported an 11 per cent rise in sales in the last year.
  The British retailer recorded sales of £225.1 million in the year to April 30, according to accounts filed at Companies House.
  Profits also climbed to £39 million from £33.4 million a year earlier, despite taking a hit from House of Fraser falling into administration
  
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• Footfall down last week following disappointing Super Saturday

  24-12-2019 01:00 via theretailbulletin.com
  
  New figures for the Christmas shopping season show that footfall rose by 7.2% last week from the previous week but dropped by the same percentage when... View Article
  
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