Retail news
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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
Mothercare names new chairman
- Posted:
- 02 August 2011 12:03
Mothercare has announced former Whitbread chief executive Alan Parker as its chosen replacement for non-executive chairman Ian Peacock, who will be stepping down from the role later this month. Mr Parker's appointment still needs to be approved by Mothercare's shareholders at its next AGM, however given Mr Parker's successful track ...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
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
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