A Stockport based online retailer has completed a £3 million funding round to drive its future growth, with Arete and the TDC Impact Fund leading the investment. Originally established as Fireplace Warehouse in 2005, founder Adam Leah built his business selling fireplaces and stoves via two … [Read more...]
News for: Retail
North West profit warnings more than triple year-on-year in first quarter of 2022
Listed businesses in the North West issued 15 profit warnings in the first quarter of 2022, more than triple the number from January to March 2021, according to the latest data from the EY-Parthenon Profit Warnings Report. The region's businesses have cited supply chain disruption (36%) and … [Read more...]
Stockport shoppers raise £1,500 and counting for Ukrainian refugees
Stockport shoppers contributing to Merseyway's Giving Tree appeal have so far raised over £1,500 to support Ukrainian refugees arriving in the borough, the shopping centre has revealed. Donations will be used to provide shopping vouchers to thirty families arriving in Stockport to escape conflict … [Read more...]
Lidl to offer finder’s fees in search for new supermarket sites in Stockport
Discount supermarket, Lidl, has announced it will offer finder's fees to members of the public who help connect the retailer with locations for new stores. The German-headquartered retailer, which as of March 2022 is the sixth largest supermarket brand in the UK, has highlighted a number of … [Read more...]
musicMagpie to launch on Back Market
Stockport-headquartered re-commerce business, musicMagpie, has announced a new contract to sell refurbished consumer electronics on online marketplace, Back Market. The platform will begin hosting musicMagpie products in the UK by the end of April, before the group launches on Back Market US in … [Read more...]
Boxing success for Parfetts employee
A Business Unit Manager at Stockport-based retail group, Parfetts, has won a prestigious national boxing title. Dylan ‘The Natural’ Cheema, 25, (pictured) was crowned BOXXER Series lightweight champion via a unanimous decision victory over opponent Rylan Charlton in the final in Coventry. … [Read more...]
Reforms planned to clamp down on fake online reviews
Planned reforms to protect people when shopping online have been announced that will include banning fake reviews and making it easier for customers to end subscription services.? Under new roles proposed, it will become illegal to commission or offer fake reviews, while review sites hosting … [Read more...]
New plans to tackle empty high street shops expected in upcoming Queen’s Speech
New plans to tackle empty shops on the high street going unused for over six months are expected to be announced in an upcoming Queen's Speech, according to the Daily Mail newspaper. A government source told the paper that the upcoming Levelling Up and Regeneration Bill will provide the … [Read more...]
Broadstone Mill Shopping Outlet awarded Reddish Locality Grant
The Broadstone Mill Shopping Outlet has been awarded the Reddish Locality Grant from the council to 'get Reddish Roaring' after the pandemic. Just before Christmas 2021 Broadstone Mill Shopping Outlet learned that Stockport Council was looking to help support businesses recovering from the … [Read more...]
Merseyway launch campaign to support Ukrainian refugees in Stockport
Merseyway has relaunched its Giving Tree fundraiser to back an urgent appeal as Stockport welcomes over 30 Ukrainian families fleeing the ongoing conflict in their homeland. In collaboration with the Stockport Ukrainian Club, Stockport shoppers will be able to donate gift vouchers from local … [Read more...]
Retail sales and footfall remain low as consumer confidence drops
Year-on-year retail sales fell 0.4% in March with consumer confidence taking its sharpest hit since 2008, according to the latest data from the British Retail Consortium (BRC) and Big Four accountants, KPMG. Despite total sales rising by 3.1% on 2021 figures, like-for-like sales fell compared to … [Read more...]
Aftermath of Covid crisis hits profits at North West based Co-op Group
Supply chain disruption and the fallout from the Covid-19 pandemic have seen pre-tax profits at the Co-op Group drop £70m to £57m (2021: £127m), although the figure is up from the pre-pandemic figure of £24m for 2019. Group chair Allan Leighton said: “The economic headwinds look stark and will be … [Read more...]
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