Retail news
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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
Boost expected in July retail sales
- Posted:
- 18 August 2011 09:42
Official figures are expected to reveal a rise in retail sales for July as extended sales clearances drew in consumers.The Office for National Statistics (ONS) is expected to reveal a 0.4% increase in retail sales volumes last month, compared with a 0.7% increase in June.The British Retail Consortium (BRC) retail ...read more
More shop chains "will close"
- Posted:
- 25 July 2011 09:51
More retailers could go into administration over the rest of the year as consumer spending continues to decline, a new report claims.This year has already seen a spate of well-known household names falter, but accountancy firm Deloitte expects more shop chains to fail as concerns grow around high inflation, unemployment ...read more
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