Retail news

• Boxing Day footfall down on UK high streets despite discounts

  26-12-2024 17:28
  Data may reflect shift in behaviour influenced by cost of living crisis or front-loading of spendingFewer consumers made the journey to high streets and shopping centres in search of Boxing Day discounts this year.Footfall across UK retailers was down 8.9% as of 3pm on Thursday, compared with Boxing Day in 2023, according to data from MRI Software. Continue reading...
  
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• US retail’s multibillion-dollar returns problem

  26-12-2024 12:00 via ft.com
  
  Processing the increasing mountain of unwanted, used or damaged goods is hitting profits
  
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• ‘Wild west’: experts concerned by illegal promotion of weight-loss jabs in UK

  26-12-2024 08:00
  
  Guardian review finds many online pharmacies flouting strict advertising rules that govern prescription-only drugsWeight-loss injections are being aggressively marketed to British consumers through often illegal promotions, in a practice experts have described as a “wild west” industry of drug selling.The booming market for jabs such as Wegovy and Mounjaro has triggered a price battle among online pharmacies, with even high-street chains cashing in on the soaring demand.Supermarkets
  
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• Shrinking waistlines and growing profits: the weight-loss drug boom

  26-12-2024 08:00
  Drugs such as Wegovy amd Mounjaro are an attractive prospect for online businesses and traditional pharmacies as well as the firms that make themIt is a trend rooted in profit-making. Adverts featuring prescription-only weight-loss medications are splashed across the internet – and it is causing concern among experts.But the question remains: who is driving the boom? Continue reading...
  
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• UK shoppers expected to spend £3.7bn on Boxing Day

  26-12-2024 06:00
  
  High streets predicted to be less busy as people buy beauty and technology deals onlineShoppers are expected to spend £3.7bn, this Boxing Day, up only 1.3% on 2023, with high streets less busy as shoppers snap up beauty and technology bargains online.The ability to click for bargains from the sofa means post-Christmas discounts actually begin before most families have touched a sprout or a slice of turkey as it is now possible to begin spending in the sales from midnight on Christmas Eve.
  
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• Russians turn to ‘personal shoppers’ to smuggle luxury bags

  26-12-2024 06:00 via ft.com
  Customs records show middlemen are keeping high-end fashion flowing to Moscow despite sanctions
  
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• Jo Malone plans to open a dozen new stores outside London

  26-12-2024 06:00 via ft.com
  Fragrance brand’s bullish stance defies gloom about high streets hit by higher costs and online competition
  
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• Boom in US retail real estate defies prediction of ecommerce apocalypse

  26-12-2024 06:00 via ft.com
  Availability of outdoor shopping centre space is at its lowest in nearly two decades
  
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• Boxing Day sales: crowds flock to stores around Australia in search of bargains

  26-12-2024 05:17
  
  Shoppers expected to splurge on homewares and beauty products, with retail spending projected to top $1.3bn on Boxing DayGet our breaking news email, free app or daily news podcastShoppers have flooded stores to make the most of Boxing Day bargains.Australians are projected to spend $1.3bn on Boxing Day and a further $2.4bn during the last days of December, Australian Retailers Association and Roy Morgan research shows.Sign up for Guardian Australia’s breaking news email Continue reading..
  
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