TikTok informed its TikTok Shop sellers in the US, that the company will be increasing its commission by more than 5 per cent and raising its charges for each transaction.
With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.
A new critical imports council will look for problems within the UK supply chain to counter future global supply chain disruptions as trade relations become more prone to geopolitical tensions and the climate crisis.
This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.
The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.
The £227 million underspent fund has ignited a fierce debate within political circles as the unallocated funds could have been a lifeline for farmers.
The introduction of new border checks on EU goods in April entering the UK could lead to further spikes in UK grocery inflation.
After launching the company from his bedroom 10 years ago, Adam Frisby will be replaced as the Managing Director of fashion-retailer In The Style.
The implementation of these measures is expected to alleviate the burden on taxpayers while fostering a more sustainable approach to e-waste disposal.
Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.
Zara has been hit with boycott and cancel culture threats after its ad campaign, which depicted mannequins wrapped in white plastic, was linked to Gaza.
The retail giant plans to achieve this by implementing a series of measures, including pay increases aligned with the true cost of living and year-end bonuses tied to the company's FY23 performance.
Although the fast-fashion brand has been criticised for exploiting its factory workers, Shein has confidentially filed for an IPO in New York.
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.
Due to the dramatic increase in prices across the UK, retail sale volumes are the lowest that they have ever been since 2021.
According to the charity, Retail Trust, one-third of retail workers said that they are victims of customer abuse on a weekly basis.
Approximately one-third of the Churchill Square centre currently sits vacant, presenting an opportunity for Ikea to establish a new store, set to open within the next two years.
This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.
M&S has also declared its intention to distribute nearly £20 million to its shareholders in January, marking its first dividend payment since 2019.
This noteworthy reduction in grocery price inflation comes after a prolonged period of 16 months where double-digit growth had become the norm.
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
The deal was officially announced by both companies on a Monday, signifying the start of a new chapter for Missguided.
The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.
Tesco, the UK's largest supermarket chain, revealed a substantial decline in food inflation over the past six months. The grocery giant is taking bold steps to address the concerns of its customers by slashing prices on 2,500 products, with an average reduction of 12 per cent.
Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.
More than half of the traders in the transport, hospitality and entertainment sectors indulge in drip pricing and fake reviews, which the UK government is trying to eradicate to lower the cost-of-living crisis.
Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.