George Arnett

London

Freelance Journalist at Freelance

Journalist. Formerly data editor @VogueBusiness, data journalist @Guardian.

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Articles

Marks & Spencer cyber attack could have £40m weekly sales impact

2 days ago | retail-week.com | George Arnett

Source: Getty Images/iStock/Ray Orton A new estimate from the Bank of America (BofA) suggests the cyber-attack could be costing the retailer over £40m per week. The retailer has not been able to make any online sales since Easter weekend due to a cyber attack. With 33% of clothing and home sales taking place online, BofA analysts estimate a weekly impact of £26m.
Data: Consumers plan spending cuts on almost all categories bar grocery

3 days ago | retail-week.com | George Arnett

Source: Getty Images/E+/coldsnowstorm Falling consumer sentiment suggests consumers will focus their spending on supermarket shops over the next 12 months. The latest PwC Consumer Sentiment Index shows that sentiment has dropped to -8, its lowest level since autumn 2023. Seven out of 10 consumers also say they are planning to reduce their spending over the next 12 months.
Retail pay index 2025: how much do retailers pay their shop floor staff?

3 days ago | retail-week.com | Ellis Hawthorne |George Arnett

Source: GettyImages/iStock / Getty Images Plus/imagedepotpro From Aldi to Zara, We reveal the base rate of hourly pay that 60 of the UK’s biggest bricks-and-mortar retailers offer their shop floor workers Every retailer will tell you they want staff that can offer the highest standard of customer service, but which brands are actually putting their money where their mouths are?
Sunny April helps drive marginal footfall uptick

6 days ago | retail-week.com | George Arnett

Sunny April helps drive marginal footfall uptick By George Arnett2025-05-09T06:46:00 Footfall in March and April combined increased by 0.2% year-on-year, according to the latest BRC-Sensormatic footfall figures.
Digital Services Tax survives UK-US trade agreement

6 days ago | retail-week.com | George Arnett

Digital Services Tax survives UK-US trade agreement By George Arnett2025-05-09T06:44:00 The 2% tax on US tech giants for UK revenues will remain in place as the countries work on a digital trade deal, the government said.
Data: Deliveroo buyout follows spike in rapid grocery delivery

1 week ago | retail-week.com | George Arnett |Hugh Radojev

Source: Getty Images/iStock/Neydtstock As Deliveroo agrees a £2.9bn sale to US rival DoorDash, Retail Week looks at how fast the rapid delivery sector is growing, why it’s so popular in the UK and how national retailers are riding the wave.
Data: How often do retailers companies report cyber attacks? | Retail Week

1 week ago | retail-week.com | George Arnett

Luxury department store Harrods joined the list on Thursday of retail companies dealing with ongoing cyber attacks, prompting fears that the wider retail sector was becoming a target
Data: How often do retailers companies report cyber attacks?

1 week ago | retail-week.com | George Arnett

Luxury department store Harrods joined the list on Thursday of retail companies dealing with ongoing cyber attacks, prompting fears that the wider retail sector was becoming a target Retail and wholesale businesses are considerably more likely than businesses overall to say that cybercrime is a low priority. They are also less likely to have a board member or trustee responsible for cybersecurity than most other sectors.
Chart: Vinted makes second-hand fashion profitable

2 weeks ago | retail-week.com | George Arnett

Chart: Vinted makes second-hand fashion profitable By George Arnett2025-05-01T05:00:00 The fashion resale platform, based in Lithuania, announced earlier this week that net profit had grown by 330% and revenues had grown by 36% year on year
B&M appoints Mike Schmidt as interim CEO as Alex Russo departs

2 weeks ago | retail-week.com | George Arnett

B&M names interim CEO as Russo departs By George Arnett2025-04-30T06:20:00 B&M group chief finance officer Mike Schmidt has been appointed as interim chief executive at the value retailer. Previous CEO Alex Russo, who was CFO before Schmidt, announced that he was retiring in February after three years leading the business.