Richard Lim
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Played by | Richard Yap |
| Movies/Shows | Be Careful With My Heart |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2498152 |
Richard Lim Life story
Wilko shops set to return to the High Street before Christmas
... Richard Lim, chief executive of Retail Economics, suggested that the new shops would be able to benefit from the scale and systems that The Range has in place...
What has gone wrong at Wilko?
... Woolworths gapAlthough the brand is beloved by Brits, Richard Lim, boss of the Retail Economics consultancy, said: " Sadly, sentiment doesn t ensure commercial success...
Chilli crab: The woman behind Singapore's beloved dish
... Alongside the original version of chilli crab, these dishes are still being served at the 1,000-seater Roland Restaurant, which is run by her sons Roland Lim, 65, and Richard Lim, 60...
Black Friday: Cost of living crisis may hit sales rush
... Retail expert Richard Lim told the BBC he was expecting Black Friday to be a more " muted affair" with sales down on last year...
Primark pledges no more price rises as costs soar
... Although it warned that profits could take a hit this financial year as the business faces cost increases, Richard Lim, boss of the Retail Economics consultancy, said they were " impressive" results against a " harsh economic backdrop"...
Cost of living: 'I owe my mum £6,000 but I can't stop spending'
... " This group of squeezed spenders is interesting, precisely because it s counterintuitive, " Richard Lim, head of Retail Economics, told the BBC...
Tesco shopper's plea to bring back till staff
... Shape of things to come? At the time Richard Lim, chief executive of retail analyst group Retail Economics, said the move was " reflective of the way the wider industry is heading"...
Tesco vows to rein in prices as profits treble
... Commenting on Tesco profits, chief executive of Retail Economics, Richard Lim said the increases were " mightily impressive"...
Black Friday: Cost of living crisis may hit sales rush
The cost of living crisis may dampen this year's Black Friday sales rush, retail experts have predicted.
This is first festive season without Covid restrictions in place in three years, so The Number of people hitting the shops is expected to be up on 2021.
But purse strings will be tighter as prices are rising at their fastest rate in 41 years.
Experts have said sales and profits are expected to be lower compared with 2021 as a result.
Retail expert Richard Lim told The Bbc he was expecting Black Friday to be a more " muted affair" with sales down on Last Year .
" Inevitably, I think what we're going to see is consumers being much more careful with their spending, " He Said .
Although it is one of the busiest days in the retail calendar, this year Black Friday has to compete with football World Cup Matches - including England v USA and Wales v Iran.
Overall, footfall at shops around the UK is still expected to be below pre-pandemic levels, retail experts at Springboard said.
For many, it will be The First chance to see High Streets and Shopping Centres lit up for Christmas as many stayed away during lockdowns, said Springboard's marketing and insights director, Diane Wehrle.
But she also warned that those shoppers would be looking for a hard bargain. " People will be trying to outpace the 11. 1% inflation rate, " She Said .
'Not rushing out'Louise, 40, a stay-at-home mum from Suffolk, said she would not be rushing out for this year's Black Friday sales.
" I use price trackers and can see that some things I want are cheaper in advance, about four to Six Weeks ahead of the sales, so I do my Christmas shopping around then, " She Said .
She Said all of her household bills were going up. Now shopping feels like a luxury, when she feels like she should be saving.
Black Friday has morphed from its former one-day shopping frenzy of a decade ago, to offers stretched over the week. Consumer group of the discounts found on Black Friday in 2021 could be found at other times of the year too.
Amazon said it was offering savings during the festive season as well as throughout the year.
" We Are acutely aware of the cost pressures customers are facing at The Moment , " said John Boumphrey, UK Country Manager for Amazon.
He Said that rising costs and interest rates were squeezing not just low-income households, " but The Crisis is spreading to The Middle classes as well. "
Andy Mulcahy, an analyst at IMRG, analysed figures for The First week of November, when many major retailers launched their Black Friday deals online, to see if they would give a clue on retail's performance on Friday.
But He Said : " Electronics, where retailers focused heavily on TVs for watching the World Cup , were still down -9. 4%, against -14% for the same week in 2021, so that feels like a disappointing response from shoppers. "
Meanwhile, brand consultant Ello Group - which is behind some customer loyalty schemes including Tastecard for restaurants - surveyed 1,000 people and one-third said they could not afford to shop this Black Friday , with 25 to 34-year-olds struggling The Most .
Ello's Michael Kalli said that with costs rising rapidly, people's shopping priorities are now " moving from treats to necessities. "
Source of news: bbc.com
