Retail news
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"Most shoppers to cut back at Christmas"
- Posted:
- 31 October 2011 09:45
Three quarters of the UK's shoppers plan to tighten their Christmas spending budgets this year, with gifts for friends and parties bearing the brunt of the cutbacks.Even novelty Christmas sweaters look set to suffer, with 15% of people saying they will no longer be forking out on the festive favourite, ...read more
CBI targets youth unemployment
- Posted:
- 31 October 2011 09:45
Three quarters of the UK's shoppers plan to tighten their Christmas spending budgets this year, with gifts for friends and parties bearing the brunt of the cutbacks.Even novelty Christmas sweaters look set to suffer, with 15% of people saying they will no longer be forking out on the festive favourite, ...read more
Thomas Cook axes dividend
- Posted:
- 29 September 2011 13:21
Beleaguered travel firm Thomas Cook has announced that it will not pay a dividend until it has sorted out its finances - a further blow to shareholders who have seen the value of the company slump 80% in six months following three profit warnings. The company said it would not ...read more
John Lewis sales rise
- Posted:
- 26 August 2011 09:31
Department store John Lewis provided some cheer from the beleaguered high street today by revealing a healthy rise in sales for last week.Trading had been up 7% until Saturday dragged down the weekly average to leave a year-on-year rise of 2.6% at £53.4 million, or up 1% excluding VAT.The retailer, ...read more
Co-op profits hit as tough trading continues
- Posted:
- 25 August 2011 10:15
The boss of The Co-operative Group today said trading conditions were the worst he had experienced in over 40 years of retailing as the group unveiled a drop in half-year profits.The Co-op, the UK's fifth biggest food retailer, reported a 10% decline in underlying operating profits to £275.1 million in ...read more
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