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The Latest Breaking News from Richard Lim

UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exports

The Guardian - UK

The Body Shop UK: What the administration could mean for High Streets and landlords

The joint administrators will now consider all options to find a way forward for the business

Evening Standard

Surge in London businesses filing for administration in 2023 as costs rise

The number of London companies falling into administration soared 37% last year, with key sectors such as property, hospitality and retail particularly hard hit, new figures show.

Evening Standard

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Challenges: Why a host of luxury retailers are feeling the chill during this Winter

The post-Christmas retail reporting season is well underway, and the City has observed two clear trends. There are grocers cheering solid festive growth with sales warmed by huge appetite for pigs in blankets, turkeys and party food, and then there are some luxury brands that have given updates- during the…

Evening Standard

Boxing Day footfall rises but number of shoppers is well down on pre-Covid levels

Weaker Christmas spending amid cost of living crisis and fewer shops opening cut visitor numbers by 30% on 2019

The Guardian - UK

Sparks flies: how frumpy Marks & Spencer became fashionable again

Four years ago the venerable retailer fell out of the FTSE 100, suffering a humiliating blow to its prestige. But now it has turned things around

The Guardian - UK

Curb bottled water ads and tax shrink-wrap to cut UK pollution, says report

Exclusive: Big water brands forecast to grow with UK on track to use 2.8bn bottles a year by 2026, finds research

The Guardian - UK

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Inflation will add £18.2bn to UK non-food retail sales, shows survey

Survey shows 80 per cent of retailers planning to increase the price of products

The Independent UK

Retailers hope busy shopping period will reduce stock filling up warehouses

Improved delivery times from suppliers has caught out many big-name shops such as Marks & Spencer

The Guardian - UK

Black Friday retail footfall below pre-pandemic levels amid cost of living crisis – as it happened

Retail experts predict a more muted Black Friday this year, as consumers cut back and Royal Mail strike disrupts deliveries

The Guardian - UK

UK high street warned not to expect return of pre-Covid Christmas

December retail footfall forecast to be 18% down on 2019 levels as people struggle with soaring cost of living

The Guardian - UK

Nearly £25bn of consumer spending could be ‘lost’ this financial year

The ‘cut-back economy’ could mean nearly nine in 10 people reducing their discretionary spending, according to Grant Thornton and Retail Economics.

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