Retail news
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Kesa braced for Comet loss
- Posted:
- 19 January 2011 10:17
Comet's parent company Kesa Electricals today warned of a full-year loss for its UK operation after festive sales plunged 7.3%. Kesa blamed strong competition and the extreme weather for its like-for-like sales disappointment between November 1st and January 18th. It said record trading since Christmas had failed to offset last month's woes, ...read more
HRG to meet expectations
- Posted:
- 13 January 2011 10:35
The owner of the Argos chain said its profits hopes remained intact today after strong demand for laptops and toys helped it overcome "some particularly challenging and volatile" conditions in the run-up to Christmas.Home Retail Group, which also owns DIY retailer Homebase, said Argos racked up sales of £1.86 billion ...read more
"Manic Monday" for online spending
- Posted:
- 29 November 2010 09:47
Online shoppers are set to spend a total of £537 million today in what is predicted to be the busiest internet shopping day of the year.Total spending today - dubbed Manic Monday - is forecast to hit the equivalent of £22.4 million an hour, according to shopping comparison website Kelkoo.The ...read more
Bumper start to Christmas shopping despite frosty weather
- Posted:
- 29 November 2010 09:46
Retailers reported a bumper start to the Christmas trading season today as shoppers defied the ice-cold weather and hit the high street.Customers started the Christmas season with zeal, with big names reporting a 10% hike on last year's sales, and took advantage of promotional offers.Big names including Marks & Spencer, ...read more
Retail sales "weaker than expected"
- Posted:
- 22 October 2010 09:30
Retail sales volumes were weaker than expected in September, official figures showed today, as anxiety about the Government's deficit-busting cuts deepened. The 0.2% decline announced by the Office for National Statistics (ONS) represented a second unexpected monthly decline in sales, after volumes dropped 0.5% in August.The figures come amid warnings ...read more
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