Shoppers cut down on supermarket trips amid petrol panic buying October 12, 2021 Brits limited the number of trips they made to supermarkets in the past month because of a reduced availability of fuel. The average household made 15.5 store visits in the past four weeks, the lowest monthly figure since February, according to the grocery market share figures from Kantar. The proportion of groceries bought online – [...]
Amazon makes U-turn and allows 50,000 corporate staff to work remotely indefinitely October 12, 2021 E-commerce Amazon said this morning plans to permit many tech and corporate workers to continue working remotely indefinitely as long as they can commute to the office when necessary. It is a change from Amazon’s previous expectation that most employees would need to be in the office at least three days a week after offices [...]
InnovaDerma tries to capture Gen Z hearts with Love Island star partnership October 12, 2021 Love Island star Liberty Poole has been named as a Skinny Tan brand ambassador, as the company looks to appeal to Gen Z. Parent company InnovaDerma – whose share price has dropped 23 per cent over the past year – said it hopes the Instagram influencer will help reach younger customers. Skinny Tan said women [...]
Waistcoats and aviators: Lockdown TV drives fashion sales October 12, 2021 John Lewis has revealed how lockdown TV inspired fashion and lifestyle trends over the past year. Television series replaced the shop window, the retailer said. In March 2021, searches for aviator sunglasses and sales of AND/OR flare jeans rose after 1970s-set The Serpent aired on the BBC. Sales of waistcoats jumped 114 per cent between [...]
Customers hesitant to buy bulky furniture amid fuel worries October 12, 2021 Brits were hesitant to purchase larger goods like furniture last month amid damp weather and fuel shortage concerns. September marked the slowest retail sales growth since January, when the UK was subject to lockdown measures. UK retail sales decreased 0.6 per cent on a like-for-like basis from September 2020, when they had increased 6.1 per [...]
Bleak outlook: Asos ‘not keeping up with fast fashion rivals’ after supply chain pressures October 11, 2021 Online retailer Asos’ share price took a bruising yesterday amid a “massive warning shot across the bows of other online retailers.” The fashion firm’s CEO Nick Beighton made a shock resignation yesterday after six years in the role as shares were down 50 per cent on the year. Shares fell by 14 per cent on [...]
Plans ‘in the pipeline’ for more Ivy restaurants October 11, 2021 Restauranter Richard Caring’s firm plans to open more Ivy venues, as financial accounts lay bare the impact of the pandemic. In full-year accounts filed to Companies House, Caprice Holdings reported a £28.4m turnover for the 53 weeks ended January 3. The company owns London private dining rooms including Sexy Fish, Daphne’s and 34 Mayfair. Turnover [...]
Sugar is biggest vice for almost one in four Brits October 11, 2021 Nearly one in four Brits say sugar is their biggest vice, according to a new survey. Researchers also found more than a quarter (27 per cent) of those polled believe an addiction to sugary drinks has a detrimental effect on their health in the form of tooth decay, weight gain and dehydration. The survey also [...]
ASOS chief executive Nick Beighton steps down with immediate effect October 11, 2021 ASOS chief executive Nick Beighton is stepping down with immediate effect, the company just confirmed. “A search for his successor will begin shortly,” ASOS said in a statement. In the meantime, Mat Dunn, currently Chief Financial Officer, will become COO of ASOS and lead the business on a day-to-day basis with effect from today. Katy Mecklenburgh, currently [...]
Weak data security storm brews over BrewDog as it mulls IPO October 11, 2021 More than 200,000 BrewDog shareholders and customers had their details exposed for over 18 months, according to a security consulting and testing services firm. It comes as the beer maker prepares for an initial public offering, which would require it to step up its data security. Details such as names, date of birth, email address, [...]
