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Marks & Spencer leads the pack as UK brands play catch up with …
WEB1 day ago · Marks & Spencer is one of 2024’s standout performers in Kantar BrandZ’s UK ranking, bucking the national trend to grow its brand valuation by a whopping 38% to $2.5 billion. By comparison, wider retail brand values rose by 1% overall, while food and beverages brand values fell 9% year-on-year. Jolliffe explains what has fuelled the retailer ...
Steen & Strøm sales up 14% in H1 results as international …
WEB14 hours ago · Steen & Strøm (S&S), the world’s oldest continuously running department store, has recorded a 14% increase in sales on a yearly basis to June 2024. In Q1 2024, the luxury department store celebrated its best-ever quarter, with sales increasing by 14% in Q1 2024 compared to Q1 2023. Sales from tax-free shopping are up 32% on a yearly basis ...
Number of UK retail companies on the rise, with 14% increase in …
WEBMar 20, 2023 · The number of retail businesses in the UK has risen by 14% in the last five years – resulting in an additional 27,445 new companies in the sector. From 2021 to 2022 alone, over 3,560 new retail businesses joined the industry. The findings were collated by Business Name Generator, using data from the Office of National Statistics’ report on ...
NIQ Retail Spend Barometer: Brits spent £281.5bn on ... - Retail …
WEBMar 14, 2024 · Consumer spending in the UK on FMCG and Tech and Durables products (T&D) increased by 5% last year compared to 2022. In total, this market amounted to £281.5bn in sales in 2023. This increase in spending was driven by price increases for food and personal care products, while consumers saved in …
Despite a muted outlook for 2024, the Retail Think Tank outlines …
WEBDec 22, 2023 · While the retail sector outlook for 2024 is expected to be muted, hampered by ongoing macroeconomic challenges, weakened consumer demand and low economic growth prospects, retailers mustn’t let stagnation stifle innovation and future opportunities, the KPMG/RetailNext Retail Think Tank (RTT), an independent board of retail experts, warns. With the UK economy set to tread water in 2024, the ...
Retail footfall shows resilience despite summer getaways and UK …
WEBAugust 30, 2024. Reading Time: 3 mins read. In a month typically dominated by the great summer getaway, retail footfall failed to falter and rose by +0.9% from the month before in UK’s retail destinations. This growth was primarily driven by rises in retail parks (+2%) and shopping centres (+2.1%) whereas high streets witnessed a marginal ...
Reawakening retail: how independent retailer Philip Morris & Son …
WEBAug 30, 2024 · A survey by Visa found that 54% of UK consumers prioritise shopping at their local stores to support their community, creating an opportunity for the smaller retailers to prosper. A good example of showing resilience in retail, is Hereford-based Philip Morris & Son, which next year will be celebrating its 180th year in business.
Sony research reveals consumers are starting to fall out of love …
WEB2 days ago · New research from Sony Professional Displays and Solutions dives into the priorities and preferences of both retailers and consumers across Europe, revealing the beginning of a shift in omnichannel balance between in-store and online shopping. In tandem with Censuswide, Sony’s State of Retail Technology Report 2024 surveyed just …