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Retail news in the UK | Page 8

An overview of news, trends and research in the Retail industry in the UK:

Despite rising debt UK shoppers still committed to 'experience spending' As a host of pressures affect peoples’ spending power; the Bank of England warned that consumer debt growth is becoming unsustainable, while inflation and real-wage stagnation, further heap on the pr
02 March 2018
PPF warns against A&M's involvement in Toys R Us administration Alvarez & Marsal should not be appointed as administrators for Toys R U – should the retailer fail to secure its future in the coming days – according to the Pension Protection Fund.
23 February 2018
UK consumer confidence flatlines as 2018 commences Consumer confidence remained stagnant at the closing of 2017, despite improved household debt and disposable income sentiment.
12 February 2018
UK retail store closures reach lowest level since 2010 UK retailers who are presently enjoying the final mad rush of Christmas shopping have another reason to smile over the festive season, according to new research.
22 December 2017
Troubled Poundland owner Steinhoff calls in AlixPartners International retail conglomerate Steinhoff has appointed two advisory firms as it attempts to deal with major financial difficulties.
22 December 2017
Hudson's Bay CEO Gerald Storch steps down to focus on consultancy Former McKinsey & Company Principal, Gerald Storch, has turned his attention to his own consultancy, following his sudden resignation as CEO of Canadian retailer Hudson’s Bay in October.
02 November 2017
Lisa Hooker appointed PwC Industry Leader for Retail Lisa Hooker has been appointed as PwC’s Leader of Industry for Retail, Consumer, Hospitality & Leisure.
31 October 2017
Sainsbury's ups supermarket stakes with 2,000 job cut strategy As part of a £500 million cost-cutting plan, supermarket giant Sainsbury’s has announced that it will give 2,000 staff their marching orders.
25 October 2017
Bon-Ton taps AlixPartners to advise on turnaround efforts Bon-Ton has hired consulting firm AlixPartners to provide operational advice regarding its turnaround efforts, while restructuring advisory PJT consider refinancing of the company’s debts.
09 October 2017
GCA critical of Asda's cost reduction plan developed with Bain UK supermarket giant ASDA has come under fire from the Groceries Code Adjudicator (GCA) following tactics which were not respectful of “fair dealing” policy.
05 October 2017
The globe's most attractive developing countries for retail India and China are the most attractive developing markets for retail development, according to the 2017 Global Retail Development Index.
11 September 2017
Four transformative business models for retail and consumer goods Consumers are increasingly demanding a better shopping experience from retailers.
29 August 2017
GDPR provides retailers an opportunity to improve data governance In May 2018 the General Data Protection Regulation (GDPR) will come into effect – the new European privacy regulation, which replaces the existing data protection framework under the EU Data Protecti
29 August 2017
German discounters Aldi and Lidl winning big in the UK Aldi and Lidl have recently emerged as supermarket giants with their appealing prices which has attracted customers to invest into budget supermarkets as a supposed to the 'big four', consisting of t
24 August 2017
Sainsbury's brings in McKinsey to draft new £500 million saving plan Sainsbury’s is due to announce more than 1,000 job cuts at head office as part of an efficiency drive designed to save £500 million.
22 August 2017
Loyalty schemes increasingly mismatched to customer expectations Loyalty programmes and schemes may no longer be fulfilling the expectations of consumers, as increasingly competitive consumer markets seek to secure long-term customers.
09 August 2017
Chinese consumer market set to grow by $1.8 trillion by 2021 Consumption across the world’s largest economies is set to increase significantly over the coming years to 2021, and while the US is projected to remain the largest consumer economy, growing by $2.
03 August 2017
Indian consumer market to see strong growth Consumer spending in India is set to increase to $4 trillion by 2025.
19 July 2017
Brands need tailored strategies to win customer loyalty game By challenging traditional beliefs around customer loyalty and cutting through purely transactional rewards, brands can create more intelligent propositions, writes Harriet Mason, an Engagement Manag
19 July 2017
BCG joins Facebook co-founder with investment in retail startup BCG has participated in a large funding round for B2B startup Inturn, to the tune of $22.5 million in Series B financing.
17 July 2017
Ecofys supports Belgian arm of Lidl with climate strategy Energy and environment consultants Ecofys have advised Lidl on the climate strategy of their Belgian wing. The supermarket chain hopes the support will see their carbon emissions fall dramatically.
14 July 2017
Scandal-stricken Arcadia hires McKinsey to draft strategic plan Arcadia, the parent firm of Topshop, Miss Selfridge and Burton among others, has brought in consultants McKinsey to advise on a new strategic plan, with the group placing a new emphasis on e-commerce
07 July 2017
Brand loyalty not enough to guarantee custom Top companies holding onto customers through brand loyalty alone is becoming increasingly difficult, according to a rectent report.
05 July 2017
House of Fraser picks Capgemini for IT services British department store House of Fraser has announced a new agreement with technology and outsourcing consultancy Capgemini.
30 June 2017
Aldi and Lidl take supermarket battle to the US European discount supermarkets Aldi and Lidl are both bulking up their US presences, as a decades-long supermarket battle crosses the Atlantic.
29 June 2017
RSM administrators oversee textile companies' sale to save jobs Bolton Textiles Group have purchased a number of struggling industry competitors, in a deal brokered by RSM administrators.
21 June 2017
Rise of hard discounters to hit market share of large US supermarkets The rapid expansion of discount grocery stores is set to affect the market share of traditional retailers in the US, including large supermarkets.
19 June 2017
Style Group Brands sold by KPMG administrators in bid to avoid mass layoffs The iconic womenswear retailers Style Group Brands, which ran into financial strife earlier this year, has been sold to a subsidiary of Calvetron Style Holdings for an undisclosed sum, in a deal advi
13 June 2017
Consumer and retail M&A value back to pre-crisis levels According to professional service group A.T.
06 June 2017
London sees most retail brand arrivals of all European cities London was the most sought after city for retail investment in Europe last year, with 65 new brands opening, while Paris, the number two, was a distant second for Europe at 36.
06 June 2017
UK retail industry sees value rise, long-term conditions remain uncertain Stagnant wages and unsustainable consumer debt means threaten the long-term spending growth of the UK retail industry, according to a new study by AlixPartners.
31 May 2017
UK consumers scale back leisure spending as pound suffers UK consumers are currently continuing their trend of interest in spending on experiences over goods, finds a new study.
25 May 2017

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