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UK retail sales in 2020 post record fall; government borrowing rises business live

2021-01-22 08:53:05| Guardian Unlimited Business - more business news

Clothing and petrol sales in record declines while online sales hit all-time high, UK government borrowing rises to the highest-ever December on record 7.53am GMT Lisa Hooker, consumer markets leader at the consultancy PwC, said:In a month where non-essential shops and the high street hospitality industry experienced revolving doors of lockdown, changing tiers, Christmas and finally another lockdown, flat headline retail sales vs. November seems almost a miracle...As we enter the new year, what gives us confidence is seeing how quickly the sector bounced back following the reopening of non-essential retail after lockdowns 1 and 2 in June and early December. 7.44am GMT Heres some instant reaction to the official figures.Ian Geddes, head of retail at Deloitte, says: Despite the challenges that 2020 brought, retail overall has shown some resilience in the final month of the year. Strong performance in grocery and record-breaking online sales for non-food meant that Christmas 2020 was the most digital ever.Having entered 2021 under renewed lockdown restrictions, retailers will be looking to consumer behaviours during the pandemic to predict which new trends are likely to emerge, and which will carry over. For some consumers, the move to remote work has strengthened their ability to both save and pay down debts. For others, lockdown periods provided an opportunity to experiment; be that with online shopping, exploring new products at home, or even trying out new looks. Combined with greater consumer interest in buying locally, the question for retailers is where to focus efforts in the year ahead.UK retail sales were weaker than expected between Covid lockdowns https://t.co/lvtT2KHaH0 via @_DavidGoodman pic.twitter.com/wUiym5fPqt Continue reading...

Tags business post sales live

Apple, Google, other US business groups applaud Biden's immigration reforms

2021-01-22 07:44:04| The Economic Times

Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades.

Tags business google groups apple

Intel's PC business is up 33 percent thanks to cheap notebooks

2021-01-22 00:27:07| Engadget

We already know that 2020 was a huge year for PC shipments, now Intel is confirming that report with explosive fourth quarter earnings results. The chipmaker says its PC business was up 33 percent compared to last year, with notebook revenue in parti...

Tags to business percent cheap

Fastenal's Profits Rise, but Its Core Business Still Hasn't Rebounded

2021-01-21 20:55:00| Fool.com Headlines

For now, the company is following a successful, if ad-hoc, sales model.

Tags business still core rise

In final disclosure form, Trump reveals how COVID-19 has slammed his business empire

2021-01-21 17:35:36| Chicago Tribune news - Business

Former President Donald Trump is worth $2.5 billion, down about $500 million from when he took office, according to the Bloomberg Billionaires Index.

Tags business form final empire


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