Retail news
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Retail sales bounced back in January
- Posted:
- 08 February 2011 09:46
Shoppers eager to hit the high street after being trapped at home by the snow helped retail sales bounce back in January, the British Retail Consortium (BRC) said today.A rush to beat the VAT hike on 4th January and the allure of clearance sales boosted non-food sales at the start ...read more
Retail sales figures to reveal impact of snow
- Posted:
- 21 January 2011 09:40
The Office for National Statistics (ONS) is expected to reveal a 0.3% drop in sales volumes in its Retail Sales Index for December as shoppers stayed at home to avoid the Arctic conditions.The full impact of the freezing temperatures and heavy snowfall has been unclear so far as a flurry ...read more
HMV suppliers have credit insurance withdrawn
- Posted:
- 19 January 2011 10:14
Suppliers to HMV Group have had their credit insurance withdrawn, a possible indicator that the music, movies and books retailer is coming close to its solvency limits. The news comes days after HMV said that a covenant test on its banking facility would be "tight." In a statement, HMV Group ...read more
Sainsbury’s Christmas sales beat expectations
- Posted:
- 12 January 2011 09:40
Sainsbury's set the bar for supermarket trading over Christmas today as it posted better-than-expected sales growth in the third quarter.The group, which has overtaken Asda to become the second-biggest supermarket in the UK, according to reports, delivered 3.6% like-for-like sales growth in the 14 weeks to January 8th after overcoming ...read more
Supergroup reports record Christmas
- Posted:
- 12 January 2011 09:39
Superdry fashion firm Supergroup today said it enjoyed its best ever Christmas trading after nearly doubling retail sales.The group, which targets the youth fashion market and operates 59 stand-alone stores and 69 concessions, said UK retail sales surged 93.6% to £51.7 million in the nine weeks to January 2nd. The ...read more
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