- Aswebman Designs
- Ripped Jeans
- Men Printed T-Shirts and Tees
- Halloween Mixed Shop
- Trench Coat
- Marvel Captain America
- Sports – Ali
- Avengers Endgame
- Rainbow Brite
- Mickey Mouse and Friends
- Harry Potter
- Justice league
- Minnie and Friends
- Pirates of Carribean
- DC Comics
- Independence Day
- Teespring askwebman store
- Tom and Jerry
- Toy Story 4
- Wonder Women
Retail News Subscribe – One mail per day with summary
- Jason & Scot Show Episode 230 Amazon Q2 2020 Earnings
- SOCKSHOP ties with Sal’s Shoes and homelessness charity to support new School Uniform Hub free uniform for families in need – Retail Times
- IMC to Present Webinars on Post-COVID-19 Retail
- What Does the Back to School 2020 Retail Season Look Like?
- 5 Steps to Making Live Stream Videos That Further Your Retail Branding
- … and rolls out electric delivery vans across JLP and Waitrose as home delivery soars
- Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO says
- ‘Simple modern, discount shopping’: the Argos catalogue through the years – in pictures | Business
- Creative Design & Display Connections launched
- Check out Nike’s new Paris flagship
- Redundancies at Waterstones HQ as some stores remain shut
- Primark launches national in-store recycling
- Digital Is Turning Retail Into An On-Demand Model
- Shopify to offer installment payments through Affirm
- Retail Roundup—Etsy expands in Germany; Bluefly gains more sellers
- American President asked Barr to conduct the news conference for clearing him on Ukraine
- parcelLab marks 5th anniversary and expansion strategy – Retail News – A1 Retail Magazine
- Innovative Retailer: THG Ingenuity – Retail Insider
- SINGLE USE PPE KITS SOLUTION PERFECT FOR PEOPLE ON THE GO…
- Jason & Scot Show Episode 229 News including Google and Big Commerce, and NRF NXT
Safe content check
Content found safe from malware :
www.askwebman.com (askwebman.com) is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.in.
In addition to askwebman’s participation in Amazon’s program, askwebman.com also participates in a number of other affiliate programs. That means when someone clicks on an affiliate link and purchases a product,askwebman.com receives a small commission.
This commission does not cost you anything, nor does it affect our judgement when it comes to selecting which products we showcase in our content.
New Products update – One mail per day
Retail News update – One mail per day
Subscribe by category
Brexit risks remain for sterling
The pound has erased the gains made after Boris Johnson’s Conservatives won the biggest majority in more than 30 years at the general election, amid concern that Britain could end the Brexit transition period in December without an EU deal. Sterling had soared by about five cents against the US dollar on the foreign exchanges to above $1.35 after Johnson’s landslide victory. However, it has slumped back down to $1.30 over the past month after Johnson warned he will not extend the time for trade talks and could diverge from EU rules – causing disruption for businesses.
The pound remains more than 10% down on its level before the Brexit vote almost four years ago.
Coronavirus outbreak drags down markets
Financial markets around the world have been rattled by the coronavirus outbreak in China on the back of fears that quarantine measures could drag down growth in the world’s second largest economy, with a knock-on impact elsewhere around the world. Stock markets had begun 2020 close to record highs against a background of cooling tensions between the US and China in the long-running trade war between the two countries. The FTSE 100 soared to a high of 7,684 after Donald Trump signed phase one of a trade deal with Beijing in mid January. However, stocks have slumped over the past week, with the FTSE 100 dropping to below 7,500.
Better than forecast
Inflation drops as retailers offer discounts
Inflation unexpectedly dropped to its lowest level for more than three years in December, fuelled by struggling retailers offering a wider range of discounts to tempt consumers during the pivotal Christmas shopping period. According to the Office for National Statistics, the annual rate on the consumer price index (CPI) dipped to 1.3% in December, from 1.5% in November, the weakest since November 2016. High street discounting and the price of a hotel room dragged down inflation, with steep reductions in the price of women’s clothing. City economists had been expecting the inflation rate to remain steady at 1.5%.
Better than forecast
Imports slump after Brexit stockpiling
Britain’s trade balance, measuring the gap between imports and exports, jumped to a record surplus of £4bn in November, from a deficit of £1.3bn in October, as companies reduced their imports of goods in the month after the Halloween Brexit deadline. City economists had been expecting a deficit of about £2.6bn. According to the ONS, imports slumped by 7.8% on the month, while exports rose, suggesting that UK firms rushed to stockpile goods before the 31 October deadline and then made fewer orders in November.
Better than forecast
Business activity recovers but remains weak
Britain’s dominant service sector, which accounts for about 80% of the economy, recovered in December amid a rise in new work, according to closely watched surveys of business activity. The reading on the IHS Markit and the Chartered Institute of Procurement and Supply services purchasing managers index (PMI) rose to 50.0, up from 49.3 during November, to signal stabilisation in the sector that includes hotels, restaurants and the City. The reading was better than expected on a scale where 50.0 separates growth from decline. However, taken together with PMI readings for the construction industry and manufacturing sector, economists said the economy probably failed to grow in the fourth quarter because of Brexit and political uncertainty.
Better than forecast
Jobs growth eases pressure on Bank of England
Britain’s jobs market staged a stronger than expected recovery in the three months to November, according to the ONS, easing pressure on the Bank of England policymakers to cut interest rates. Despite intense Brexit uncertainty towards the end of last year, the number of people in employment jumped by 208,000 to a joint record high of 32.9m, nearly double the 110,000 increase forecast by economists. Unemployment remained at a 45-year low of 3.8%. Growth in average weekly earnings, excluding bonuses, stagnated at 3.2%, unchanged from the previous period. Pay including one-off awards dropped to 3.4% from 3.5%.
Worse than forecast
Retail sales slump over key Christmas period
High street sales in Britain slumped in December as consumers reined in their spending over the pivotal Christmas shopping period. Retail sales failed to rise for a record fifth month in a row – the longest period since 1996 – as household spending plunged by 0.6% on the month, below all estimates made by City economists. In a reflection of the difficult trading conditions facing retailers – after a series of disappointing trading updates for the festive period from firms including John Lewis and Marks & Spencer – consumer spending over the final three months of the year fell by 1% from the previous quarter. Sales growth for the year as a whole slowed to 0.9%.
Better than forecast
Public borrowing falls despite corporate tax slump
The government borrowed less than expected in December despite a signal that the economy’s weakness at the end of last year hit corporate tax receipts. The ONS said the budget deficit – which measures the shortfall between public spending and tax income – stood at £4.8bn in December, down slightly from the same month a year ago. City economists had forecast borrowing of £5.3bn. However, borrowing for the first nine months of the 2019 financial year stood at £54.6bn, about 8% higher than it was for the same period in 2018. Corporate tax receipts for the year to date were down by 3.4%, the sharpest annual drop since 2012-13, in a signal that weaker economic growth has dragged down tax receipts.
Better than forecast
Political clarity boosts housing market
Britain’s housing market showed signs of recovering in December, as agreed home sales rose for the first time since May and expectations of future sales jumped after the election. The gauge from the Royal Institution of Chartered Surveyors – which shows the difference between its members reporting price rises and falls – picked up to -2 in December from -11 a month earlier, beating the forecasts of City economists. Growth in UK house prices has eased since the Brexit vote, with prices falling on an annual basis in London and some surrounding areas. Prices have continued to rise in the Midlands and the north of England. Separate figures showed the number of mortgages approved by high street banks jumped to the highest level for almost five years in December.
And another thing we’ve learned this month … Business optimism rebounds after Johnson landslide
The unequivocal election result in December prompted the highest surge in confidence for 11 years, as hopes rise in the City that Boris Johnson’s unexpectedly decisive victory could lift some of the intense political uncertainty holding back the British economy. According to the accountancy firm Deloitte’s survey of company finance bosses, one of the first early warning indicators since the election, which is closely watched by the Bank and the Treasury, found that 53% of respondents were more optimistic than three months earlier about the outlook. This was up from only 9% in the last survey conducted in October. Uncertainty over Brexit and the election had led many companies to pause their investment plan. While there are hopes of a bounce in economic activity at the start of the year, analysts warn the improvement could be short-lived if the country appears to be heading for a disruptive no-deal scenario at the end of 2020.