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Tesco saw a 2.2% increase in total spending across their stores in Northern Ireland, based on a year to the end of January. The chain now has a market share of 34.7%, thereby continuing its presence as the market leader in the country. Competitors Lidl have had a small increase...

British consumers are set to see a rise in the price of alcohols such as wine, prosecco and champagne. A ‘perfect storm’ of the falling value of the pound, higher inflation and the threat of rising duty costs could significantly dent the industry throughout the year. Early forecasts suggest that...

The White Company are set to open a new store in the Bluewater shopping centre, at a time when the average spend for consumers has risen to £191 per person. The company plans to stock the full range of products including Womenswear, homeware and childrenswear. Director of Property for the...

The Co-Op Bank, known for its brand of ethical banking, has this morning announced that they will be placed up for sale. The company are looking to sell 100% of its share capital, with the continuation the ethics being a key factor in any sale. Citing lower interest rates for...

The UK Consumer Spending Index released figures from January, which suggest that overall spending was down at the start of the year. E-commerce remained the best performing sales channel however overall numbers slowed down to a growth of only 0.4% compared to 2.5% in December. Face-to-face spending saw a reduction...

Bosideng, the Chinese clothing retailer has today announced its withdrawal from the UK market, citing the uncertainty in the economy brought about by the Brexit vote as the main reason. The company, which is one of the largest clothing operations in China, had spent £30m on opening their flagship store...

 High street chains suffered their toughest January in four years, as shoppers opted to instead shop online in a trend continuing from the Christmas period. Like-for-like sales in this period fell by 0.1%, marking the first decline in these sales since 2013, and following on from a poor December which...

Advent International have sold their final stake in furniture company DFS, marking their total withdrawal from the brand. The shares sold represented a total of 12.1% of DFS’ shares, totalling £58.5m for the private equity company. They released 25.7 ordinary stakes in DFS, at a price of £2.28 per share....

Cosmetics company L’oreal, have announced that they are considering selling The Body Shop chain in an attempt to give the brand the best opportunity and full ability to continue its development. L’oreal only bought out the Body Shop brand in 2006, with some fans being a little concerned by the...

Sofa chain DFS have announced an increase in the first half of the year, with sales in the 26 weeks up to January 28th up by 7%. The company suggested that it is prepared to handle an economic downturn in the face of a fall in the value of the...