Retail news

Christmas shoppers to buy fewer and cheaper items this year as cost of living crisis persists

22-10-2023 17:55

UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analystsBritons are expected to buy fewer and cheaper items this Christmas – especially online – as the cost of living crisis forces many to rein in the celebrations.While total spending will rise by 3.4% to almost £110bn in the final three months of 2023, according to retail analysts at GlobalData, shoppers will be looking for bargains and cutting back on the nu

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Wiggle faces potential insolvency as owner pulls funds

22-10-2023 11:57 via retailgazette.co.uk

Wiggle could face insolvency following its owner Signa Holding has withdrawn funds from the division that owns the bikes etailer.
According to CyclingNews, Wiggle has stopped paying suppliers, cancelled orders and is not receiving goods until further notice.
Last Monday, Signa – which co-owns Selfridges – ended an £130m funding commitment to its sports division Signa Sports United (SSU).Subscribe to Retail Gazette for free
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John Lewis criticised over affordable housing plans

22-10-2023 10:57 via retailgazette.co.uk

London planning officials have accused John Lewis of building “executive housing” that will not help local families.
The accusation comes after the retailer revealed that as little as 10% of flats at one of its flagship developments could be affordable.
In planning documents, the department store company claimed it aimed to make 20% of properties at its new Bromley development affordable, and added that it would “always provide a minimum of 10% affordable housing regardless&rdq

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Amazon: ‘Work in the office three days a week or get fired’

22-10-2023 10:12 via retailgazette.co.uk

Amazon has informed its managers they can fire workers who refuse to work in the office a minimum of three days per week.
According to Business Insider, new internal guidelines have been implemented for supervisors detailing how they can dismiss staff refusing to follow the rule.
An internal memo for the company read:”If the employee does not demonstrate immediate and sustained attendance after the first conversation, managers should then conduct a follow-up discussion within a reasonable

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Fashion’s New Era: Online Retail’s Trendsetting Influence

22-10-2023 02:00 via theretailbulletin.com

Fashion has always been a burgeoning industry, but there is no doubt that the advent of the internet and the development of other technologies have helped... View Article

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