Retail news
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Retail sales "reversal" predicted
- Posted:
- 16 June 2011 10:01
A sharp reversal in sales will be revealed today after retailers suffered a hangover from the royal wedding, Easter and a run of bank holidays.Sales volumes lifted by 1.1% in April but this better-than-expected performance is likely to have been offset during May as the sector resumes its recent downbeat ...read more
Shoppers cut back in May
- Posted:
- 07 June 2011 09:54
Shoppers shied away from clothing, footwear and big ticket items in May as the squeeze on consumer spending continued to hit UK retail sales.Retail sales values were 2.1% lower on a like-for-like basis in May, compared with a year ago, after two previous months distorted by the later Easter and ...read more
Mothercare to close 110 stores
- Posted:
- 18 May 2011 09:29
Mothercare today dealt a fresh blow to the UK high street as it unveiled plans to close 110 outlets and focus on out-of-town superstores.Rents will be cut on a further 40 stores, the Watford-based group said, squeezing incomes for high street landlords even further. The new focus will be on ...read more
Thomas Cook sees UK demand decline
- Posted:
- 10 May 2011 09:39
Thomas Cook has said its UK business continues to decline in a tough market. In addition, the ongoing political turmoil in the Middle East is expected to cost the group £57 million this year.The group said it will restructure its business to save £30 million this year, including a review ...read more
ONS to reveal retail gloom
- Posted:
- 21 April 2011 11:46
A dire month for the high street is expected to be revealed today when the Office for National Statistics (ONS) releases official retail sales figures for March.The ONS is expected to show a 0.5% month-on-month decline as consumers rein in their spending in the face of serious headwinds blowing against ...read more
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