Retail news
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HMV considers sale of live music division as losses grow
- Posted:
- 19 December 2011 10:59
Embattled entertainment retailer HMV has today announced that it is considering the sale of its live music division in order to shore up its finances in the face of growing losses.The company said that it was to initiate a strategic review of HMV Live, which runs 13 venues and a ...read more
Retail sales fall in November
- Posted:
- 05 December 2011 09:46
Retail sales continued to fall in November despite "panic" levels of discounting on the high street, a monthly survey said today, spelling more gloom for the sector.Mid-tier retailers saw like-for-like sales fall 1.7% last month, BDO's High Street Sales Tracker said, as unseasonably warm weather hit fashion sales, which dropped ...read more
Blockbuster results give unexpected hope to high street
- Posted:
- 17 October 2011 09:52
The UK arm of DVD and games rental company Blockbuster has unexpectedly recorded an annual profit after its US parent filed for bankruptcy.The chain, which has around 600 company owned stores in the UK, has reported a £1.7 million profit in the year to last January, according to accounts filed ...read more
HMV summer sales slide
- Posted:
- 09 September 2011 10:21
The boss of struggling entertainment group HMV today vowed to press on with plans to overhaul its technology offering as he reported another plunge in sales over the summer.HMV chief executive Simon Fox said the first six "Fast Forward" stores - where up to 25% of floor space is devoted ...read more
Retail sales disappoint
- Posted:
- 19 August 2011 11:23
The struggle on the high street was underlined today as official figures revealed a greater-than-expected slowdown in retail sales.Retail sales volumes increased month-on-month by 0.2% in July, compared to a revised 0.8% boost in June, the Office for National Statistics (ONS) said. Economists had expected a 0.4% rise.Household good stores, ...read more
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