Concerns over EU customs and border delays have led to a dramatic slump in UK online shoppers buying from international websites, a new survey says. Just under a third (31%) of UK consumers shopped overseas in 2021.
Lord Wolfson, the chief executive of high street retail giant Next, has blamed the government’s “insane” immigration policy for the major shortage of heavy-goods vehicle (HGV) drivers hitting Britain’s supply chain hard.
First the good news. UK retail sales grew at the sharpest pace since December 2014 in the year to August and orders growth hit a survey record high, according to the latest CBI quarterly Distributive Trades Survey.
Luxury trade body Walpole has published the line-up of speakers for its Future of British Luxury Summit in London next month, including Anya Hindmarch, Chanel, Dunhill, Farfetch, Harrods, Roksanda and Jo Malone London.
The revitalisation of Croydon in Southeast London is nowhere near to completion as the pandemic has seen the major parties involved (URW and Hammerson) abandoning big plans to redevelop the Centrale & Whitgift Centre.
There was some good news coming out of Marks & Spencer for once on Friday as it upgraded its profit outlook after shoppers went online to buy more of its revamped clothing offer and also bought plenty of its foods.
Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.