TikTok taps into ecommerce with UK live shopping launch December 8, 2021 TikTok is set to produce its first live shopping and entertainment event today, where people can buy products directly on the platform, tapping into the rise of "social shopping".
Department store Fortnum & Mason appoints new chief operating and innovation officer December 8, 2021 Luxury department store Fortnum & Mason has appointed Iain Roberston to a new role of chief operating and innovation officer. Robertson will join the retailer after a 17-year stint at Burberry, where he was senior vice president of global planning and inventory. He will join the department store in February 2022 and oversee the supply [...]
Shoppers eye discount brands as increasing costs of essentials bite December 8, 2021 Shoppers are eyeing cheaper prices at discount supermarkets amid increases in the cost of living. Brands to focus on affordable prices have made market share gains over the past 12 weeks, according to fresh data from Kantar. Lidl hit a new record market share of 6.4per cent, while Aldi gained 0.2 percentage points to move [...]
Consumer spending anxiety on the up as households look to cut back before Christmas December 8, 2021 Brits are growing increasingly anxious about the rising cost of living and are dining out less and shopping in cheaper stores. With food and energy bills on the up, more than one in three are nervous they will be unable to pay for essentials, according to a survey of 2,000 UK adults. Almost half of [...]
Asda workers join supermarket strike action threats December 7, 2021 Asda workers have joined Tesco staff in threatening staff action over pay, with both supermarkets anxious to mitigate disruption for shoppers ahead of Christmas. Union GMB is balloting Asda workers over a potential strike after it described the supermarket as “not taking workers seriously” over pay despite “rampant” inflation. The ballot closes on 20 December, [...]
Central bank of Norway acquires stake in fast fashion firm Boohoo December 7, 2021 The central bank of Norway has acquired a 3.1 per cent stake in fast fashion retailer Boohoo, according to documents filed on the London Stock Exchange. Norges Bank is now the fifth largest institutional investor in the online retailer, following confirmation of the investment this week. Boohoo co-founder Mahmud Kamani is still the largest single [...]
Christmas comes early: November consumer spending up 16 per cent from pre-pandemic December 7, 2021 Consumer card spending grew 16 per cent in November compared to the same period in 2019, with early Christmas shopping giving a boost to retail, hospitality and leisure, according to new data from Barclaycard.
Cost of Christmas turkey rising fast as inflation pushes up food prices December 7, 2021 The cost of a typical turkey Christmas dinner has risen by 3.4 per cent as rocketing inflation pushes up food prices, according to new figures. Kantar said this morning that the average cost of a Christmas meal for four, with a frozen turkey and all the trimmings, is now £27.48. The figures show wider grocery [...]
Cigarette giant British American Tobacco lures more new vaping customers so far this year than all of 2020 December 7, 2021 Cigarette giant British American Tobacco (BAT) said this morning it has seen around 3.6m new customers start using its vaping, heated tobacco and oral products in the first nine months of this year, more than in all of 2020. The business said that its non-combustible products, which include those three types, had 17.1m customers at [...]
West End laments government Covid messaging as footfall falls flat December 7, 2021 The West End has bemoaned government messaging on Covid as it reported no uptick in footfall last week. New West End Company, which represents 600 brands in the area, said yesterday footfall was still down 30 per cent on pre-pandemic levels. Flat footfall was blamed on “the impact of Government messaging around Omicron,” and tube [...]
