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Majestic Wine reports their largest ever Christmas sales About 8 years ago

Specialist wine retailer Majestic wine, have joined the growing list of companies who reported positive sales over the Christmas period. The company recorded their best sales over this period, with growth in sales of 55% on gin and 12% on sparkling wine. The Naked Wines site, which is owned by...

Japanese company Sumitomo acquires rights to Dunlop from Sports Direct About 8 years ago

It has been reported this morning, that Sports Direct has sold its rights to the Dunlop brand, in a deal worth approximately $137.5m, to Sumitomo Rubber Industries Ltd. (SRI). The Japanese company have acquired both the wholesale and licencing businesses, whilst allowing Sports Direct a royalty free licence which will...

Food prices on the rise as inflation hits the supermarkets About 8 years ago

Inflation came back to the supermarkets for the first time since 2014, latest figures from Kantar Worldpanel showed. The market had seen deflation for more than 2 years prior to this, however this year saw a 0.2% rise for the last quarter. It was reported that shoppers spent approximately £480m...

Reports show that retail year ends on a high with slight increase in sales About 8 years ago

After mixed sales figures were announced throughout the year, in addition to the rapidly fluctuating value of the pound in the post-brexit period, British Retail Consortium – KPMG Retail Sales Monitor reported that retail in December has seen a 1% rise on a like-for-like basis. The news comes after many...

Drapers put up for sale by Ascential in a move away from publishing About 8 years ago

It was widely reported on Friday that Drapers, the fashion trade journal, is to be sold by its owners Ascential.  Widely seen as a heritage brand, Drapers has been trading for over one hundred years.  Prior to online becoming the dominant method of recruitment advertising, Drapers was the dominant force...

Online sales on the rise as footfall in the high street declines About 8 years ago

In the midst of the announcement of sales figures from several high street retailers, the online sellers are expected to declare increased sales during this period. Clothing sites such as ASOS, who are expected to report a 30% year-by-year increase, and Boohoo, who are expected to report a 40% increase...

UK shoppers in a credit binge as the Christmas period sees a rise in borrowing About 8 years ago

Despite mixed trading figures reported by some high street retailers, latest numbers published today show a growth in spending of 5.9% in November. This would suggest that despite a 0.6% fall in household disposable incomes in the third quarter, the urge to spend remained with shoppers. It would seem that...

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