Retail news
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Sales expected to boost retail data
- Posted:
- 21 July 2011 09:56
Retail sales figures released today are expected to reveal a modest rise in spending in June after some of the country's biggest store chains started their summer sales early to tempt cash-strapped consumers.Economists expect the Office for National Statistics (ONS) to reveal that sales volumes increased 0.7%, only partially offsetting ...read more
Land Securities continues with new developments
- Posted:
- 18 July 2011 10:05
Britain's biggest property company is poised to press ahead with £275 million of shopping developments despite the gloom in the retail sector.Land Securities has lined up seven new projects in southeast England and the Midlands on behalf of retailers such as Primark and Sainsbury's, the Sunday Times said. They will ...read more
Profit warnings up in H1 2011
- Posted:
- 11 July 2011 09:16
Retailers have issued more profit warnings in the first half of 2011 than the whole of the previous year, according to a report.Public-listed retailers have issued 26 profit warnings so far this year, almost twice as many as in 2009, according to Ernst & Young.Listed companies across all sectors saw ...read more
HMV profits slide
- Posted:
- 30 June 2011 09:55
Ailing retailer HMV today revealed the details of a painful year in which bottom-line profits slumped to £2.6 million.The group, which recently sold its Waterstone's book chain and Canadian business to buy some breathing space in its battle for survival, said profits for the year to April 30th compared with ...read more
Thorntons to close 180 stores
- Posted:
- 28 June 2011 09:36
Chocolate retailer Thorntons dealt a further blow to the high street today by announcing plans to close up to 180 stores.The group said it will exit at least 120 outlets over the next three years as their leases expire, while it will also consider the future of an additional 60 ...read more
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