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Retail

  • Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless

    February 27, 2024

    A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless , according to a new study by Barclays, as the payment method traditionally used by youngsters goes mainstream.

  • Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge

    February 26, 2024

    Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.

  • Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance

    February 26, 2024

    Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.

  • Gig economy: Law firm launches probe for Parcelforce drivers in latest workers’ rights row

    February 26, 2024

    Law firm Leigh Day has launched an investigation on behalf of Parcelforce drivers to establish if they have been misclassified as self-employed independent contractors rather than workers.  The probe was launched in order to consider if the drivers have a potential group claim on their hands as they could be missing out on holiday pay and the [...]

  • England Rugby World Cup winner Phil Vickery steps down from Raging Bull role

    February 26, 2024

    England Rugby World Cup winner Phil Vickery has stepped down as a director of the Raging Bull clothing brand he founded.

  • Record sales for Flight Club Darts and Electric Shuffle as global expansion targeted

    February 26, 2024

    Sales surged to record levels at the group behind Flight Club Darts and Electric Shuffle in 2023 as it prepares to open new venues in the UK, US and Australia.

  • Miniso: The New York-listed Chinese retailer looking to take London high streets by storm

    February 26, 2024

    Shein was first - but it isn't the last Chinese operation coming for London

  • Ocado to unveil improved sales after eventful year

    February 24, 2024

    After a colourful year online supermarket and automation business Ocado will later this week unveil its earnings for 2023. 

  • Coca-Cola Europacific snaps up Philippines fizzy drink maker in $1.4bn deal

    February 23, 2024

    Coca-Cola Europacific Partners (CCEP) has acquired the equivalent of the company in the Philippines in a deal valued at $1.8bn (£1.4bn).

  • UK consumer confidence falls in February as technical recession is a bummer for Brits

    February 23, 2024

    UK consumer confidence fell two points in February as reports of a technical recession dampened hopes. 

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