Essential Retail News

Thank you, and goodbye

Thank you, and goodbye

Essential Retail’s editor, Caroline Baldwin, shares a note with readers about the future of the title.

Halfords sees profits surge during pandemic

Halfords sees profits surge during pandemic

Halfords reports a pre-tax profit rise of 116.2% in the six months to 2 October, with online sales increasing by 148%.

Naked Wines appoints new chief financial officer

Naked Wines appoints new chief financial officer

Naked Wines appoints Shawn Tabak as its new chief financial officer, with effect from 7 December 2020.

WHSmith records large pre-tax loss amid Covid-19 crisis

WHSmith records large pre-tax loss amid Covid-19 crisis

WHSmith records a pre-tax loss of £226 million in the year ended 31 August 2020, although its online businesses have performed well.

Retailers preparing for online boost during holiday season

Retailers preparing for online boost during holiday season

New research finds 93% of retailers have taken steps to enhance their eCommerce capacity ahead of holiday season.

Amazon charged with illegally distorting eCommerce competition

Amazon charged with illegally distorting eCommerce competition

The EU Commission has concluded that Amazon illegally abused its position to distort competition through the use of third-party data.

Record number of Brits purchase groceries online in October

Record number of Brits purchase groceries online in October

Kantar finds 5.9 million UK consumers brought groceries online in October, while online grocery sales reached their highest ever level in Wales.

Online sales predicted to surge by 35-45% during Black Friday

Online sales predicted to surge by 35-45% during Black Friday

IMRG expects online sales to surge in this year's Black Friday period, driven by the shift to eCommerce and the new Covid-19 lockdown.

Online sales rise in October following new Covid restrictions

Online sales rise in October following new Covid restrictions

BDO's High Street Sales Tracker shows online sales increased by 86%, representing a shift to this channel following a small dip in recent months.

Sainsbury’s to cut 3,500 roles as part of business restructure

Sainsbury’s to cut 3,500 roles as part of business restructure

Sainsbury's will cut 3,500 roles from its in-store meat, fish and deli counters as well as from the closure of stand-alone Argos stores.

M&S suffers pre-tax loss of £87.6 million

M&S suffers pre-tax loss of £87.6 million

M&S reveals a revenue drop of 15.8% in the six months to 26 September, and emphasised its digital transformation plans in the wake of Covid-19.

Post Office prepares for extra busy Christmas

Post Office prepares for extra busy Christmas

Post Office reveals over half of consumers will do more of their Christmas shopping online this year as it asks people to prepare early.