Poundland Sale Mooted Amidst UK Retail Struggles
Pepco Group, Poundland's owner, is considering selling the struggling UK discount chain due to tough trading conditions and rising costs from upcoming tax increases, with annual earnings expected between €50m and €70m and sales in negative territory for January and February 2024.
Poundland Sale Mooted Amidst UK Retail Struggles
Pepco Group, Poundland's owner, is considering selling the struggling UK discount chain due to tough trading conditions and rising costs from upcoming tax increases, with annual earnings expected between €50m and €70m and sales in negative territory for January and February 2024.
Progress
36% Bias Score
Boxing Day 2024: High Street Suffers Significant Footfall Drop
UK high street footfall on Boxing Day 2024 decreased by 10.2%, and shopping centres saw a 13.9% drop compared to 2023, highlighting the continued dominance of online shopping and the impact of rising costs and "promotion fatigue".
Boxing Day 2024: High Street Suffers Significant Footfall Drop
UK high street footfall on Boxing Day 2024 decreased by 10.2%, and shopping centres saw a 13.9% drop compared to 2023, highlighting the continued dominance of online shopping and the impact of rising costs and "promotion fatigue".
Progress
56% Bias Score
Lidl Returns to Profit, Middle Aisle a Hit with Men
Lidl, a UK supermarket chain, has reported a return to profit, driven by strong sales growth and the surprising popularity of its middle aisle among male shoppers. However, the company anticipates cost increases due to recent budget measures.
Lidl Returns to Profit, Middle Aisle a Hit with Men
Lidl, a UK supermarket chain, has reported a return to profit, driven by strong sales growth and the surprising popularity of its middle aisle among male shoppers. However, the company anticipates cost increases due to recent budget measures.
Progress
24% Bias Score
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
UK Retailer Distress Soars 25% in Q4 2023
The number of UK retailers in critical financial distress jumped 25% to 2,124 in Q4 2023 due to rising costs and weak consumer confidence, particularly impacting general retail (29% increase) and food and drug retail (17.2% increase), although the overall number is down year-on-year.
Progress
44% Bias Score
UK Boxing Day Footfall Down 8.9% Amidst Shifting Consumer Behavior
UK Boxing Day retail footfall decreased by 8.9% compared to 2023, with high streets experiencing the steepest decline at 10.9%, attributed to the cost of living crisis and a shift towards online shopping, despite an overall expected spending of £3.7 billion.
UK Boxing Day Footfall Down 8.9% Amidst Shifting Consumer Behavior
UK Boxing Day retail footfall decreased by 8.9% compared to 2023, with high streets experiencing the steepest decline at 10.9%, attributed to the cost of living crisis and a shift towards online shopping, despite an overall expected spending of £3.7 billion.
Progress
32% Bias Score