Retail profit warnings more than double as high street pressures mount July 21, 2025 Profit alerts among retailers more than doubled in the second quarter as consumers reined in their spending and firms faced soaring wage costs, according to a report. The latest report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth year-on-year in the second quarter – with a record proportion [...]
Cake Box: ‘We do very well when there’s trouble on the high street’ July 15, 2025 Cake Box has managed to find success on the high street at a tough time for in-store retail, consistently outperforming peers in day-to-day goods. Its recipe for success is simple, according to its chief executive Sukh Chamdal: small celebrations – birthday cakes which start at £20 – are one of the last non-essential things stretched [...]
Exclusive: Amazon Prime Day UK sales top £2bn despite consumer caution July 14, 2025 Amazon’s biggest UK shopping event on record has delivered a much needed adrenaline shot to Britain’s faltering retail sector – with online spending during its four-day Prime event topping £2bn for the first time. Consumers splashed out £2.08bn online between the 8th and the 11th July, driven by steep discounts on everything from baby toys [...]
H&M to shed light on turnaround amid consumer confidence slump June 21, 2025 H&M investors will be hoping the high street fashion chain shows it is on the road to recovery next week despite caution among many shoppers. The retailer is expected to report a slight rise in sales for the latest quarter in an update on Thursday June 26 as it continues with its turnaround strategy. It [...]
Sales of London mansions falter amid low confidence and non-dom exodus June 19, 2025 The average price of London mansions fell further in May as buyers stayed away from the market amid a downturn in confidence. Average prices fell by 3.2 per cent year on year, according to data from Lonres, while transactions fell 35.8 per cent year on year. Transactions for homes over £5m fell 14.7 per cent [...]
Young Brits drive consumer confidence up while high-income households cut back June 19, 2025 A confidence boost amongst Gen Z Brits drove an improvement in consumer confidence in June while wealthier households held back, according to new data. Overall confidence about the state of the UK’s economy improved to -38 in June, up from -36 in May, according to the British Retail Consortium (BRC). Brits’ confidence about their personal [...]
Retail footfall dips in May despite higher consumer confidence June 13, 2025 Retail footfall dropped in May amid a wider slowdown in consumer spending despite higher consumer confidence, according to new data. Total UK footfall fell by 1.7 per cent in May year on year, down from a 7.2 per cent rise in April, according to new figures from the British Retail Consortium (BRC). Footfall at shopping centres and on [...]
Gone phishing: the rise of retail cyber crime in three charts June 2, 2025 In the past month alone, cyber attacks have gone from occasional headlines to near-daily national news fixtures. Marks and Spencer’s, Co-op, Harrods – along with international names like Dior and Coinbase – have all recently fallen victim to cyber incidents. Retailers in particular have found themselves in the cross hairs, and while not every incident [...]
Spending in pubs surges as Brits flock to beer gardens May 28, 2025 Pubs enjoyed a boost in April during the sunny spring weather as Brits opted for outdoor beer gardens over indoor restaurants. Like-for-like sales growth at pubs reached 9.1 per cent year on year, according to the latest CGA RSM Hospitality Business Tracker. Sales across all hospitality outlets were 4.2 per cent ahead of April 2024 [...]
Adidas hit in yet another UK retail data breach May 27, 2025 Adidas has confirmed a cyber attack that exposed the personal data of customers who contacted its help desk, adding the German sportswear giant to a growing list of major retailers hit by recent cybersecurity incidents. The breach, disclosed on 23rd May, involved unauthorised access to a third party customer service provider, through which attackers were [...]