Follow the latest retail industry news from supermarkets, beauty, electrical DIY and fashion.
December disaster for UK retail as Omicron and inflation dent sales
The UK’s ONS has issued its official December retail sales figures and they’re fairly bleak. Clothing stores and department stores reported falls of 8% and 6.3%, and were also below levels in February 2020.
Rebound in UAE consumer spending boosts Q4 revenue of digital payments giant
Network International CEO says Q4 revenue has exceeded pre-pandemic levels, sees Saudi ops launch in Q1
https://www.arabianbusiness.com/industries/retail/rebound-in-uae-consumer-spending-boosts-q4-revenue-of-digital-payments-giant?utm_source=newsletter&utm_medium=email&utm_campaign=arabianbusiness_newsletters
Tesco, Hilton, M&S, Bakkavor and Finsbury trading positive – HTTPS://WWW.FOODMANUFACTURE.CO.UK/ARTICLE/2022/01/13/TESCO-HILTON-M-S-BAKKAVOR-AND-FINSBURY-TRADING-POSITIVE
US and UK buyout barons join forces in battle for Boots: Bain teams up with CVC in £7bn takeover race – https://www.thisismoney.co.uk/money/markets/article-10392277/Buyout-barons-Bain-CVC-join-forces-battle-Boots.html
