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Tesco Resumes Market Share Growth, Kantar and Nielsen Find

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Tesco grew its market share in the last three months for the first time in five years, according to one batch of data released on Tuesday, while a rival survey found the best year-on-year sales figures for over three years.
According to Kantar Worldpanel, which revealed price deflation in the UK …

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Betting Giants Ladbrokes and Coral Sell Off 359 Shops to Betfred and Stan James

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Ladbrokes and Coral have agreed to sell 359 shops to their high street rivals in order to complete a £2.3bn merger.

Betfred will buy 322 stores for £55m and Stan James, primarily an online betting brand, will purchase the remaining sites for £500,000.

The deal is a move to satisfy the …

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Amazon to Build Convenience Stores

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In a potentially inconvenient move for grocery retailers, online giant Amazon is expanding into bricks-and-mortar sites.

Amazon is extending beyond its online-only model to open physical convenience stores following its recent online grocery expansion, which included the launch of Amazon Fresh in June, and Amazon Dash last month. …

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Falling Pound Makes UK World’s Cheapest Luxury Market

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The post-Brexit crash in the value of the pound means that the UK is now the cheapest market in the world for luxury goods.

Research from accountancy firm Deloitte found that prices of luxury goods in the UK were the cheapest around the world.

The analysis, which was conducted …

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Ted Baker First Half Profits Up 20.5%

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Fashion retailer Ted Baker has reported a strong first half performance with pre-tax profit climbing by 20.5% to £21.5 million in the 28 weeks to 13 August.

Group revenue rose by 14.4% to £259.5 million with retail sales increasing by 13.6% despite “challenging” external conditions
Sales in the UK and …

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UK Fashion Labels Taking Over the World

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UK Fashion Labels Taking Over the World

From designer Vivienne Westwood to supermodel Naomi Campbell, the UK have always been a major influence in the global fashion industry, setting new standards for high fashion. It’s also successfully mixed elements of traditional and contemporary styles to suit the modern woman. To this …

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