High Street Sales
UK retailers struggling to pay upfront rentsSteep upfront rents could send more high street retailers over the edge after one of the worst winter sales seasons on record, it was claimed today. |
Retail sales dive in Feb and revised down from January highThe Office for National Statistics said retail sales fell by 0.8 per cent in volume from January to February and also revised down January's growth from 0.9% to 0.3%. |
John Lewis profits dip but all staff receive 14% bonusThe John Lewis Partnership announced a slight fall in profits as it invests in new stores and its online business but all staff will receive a bonus worth 14 per cent of their annual salary. |
John Lewis 'partners' set to receive lower staff bonusJohn Lewis announces its 2011 financial results next Wednesday and analysts expect a fall in profits which means staff will get a lower bonus for the first time in three years. |
LDC: Online sales lead to 14 shops closing per day in 2011Britain’s retail chains closed an average of 14 shops every day in 2011, with retailers quitting more shops than they opened for the first time, research shows. |
CBI data shows high street retail sales decline in JanuarySales in high street stores were down in the first part of January 2012 as consumers stopped spending after Christmas, according to the Confederation of British Industry. |
Retail sales values up by 6.2% in December, says ONSRetail sale rose by 6.2 per cent in value and 2.6 per cent in volume compared to the weather affected period of December 2010 reports the Office for National Statistics (ONS). |
New report finds 24% increase in companies facing insolvencyA report issued today by Begbies Traynor revelas that there was a 24 per cent increase in companies suffering from financial distress in the final quarter of 2011. |
Mince pie sales boost Greggs Christmas salesHigh street bakers Greggs saw mince pies bolster sales over the Christmas period with like-for-like sales up by 5.1 per cent in the five weeks to January 7th. |
BRC: Christmas factor causes 2.2% rise in December retail salesThe British Retail Consortium (BRC) reports a 2.2 per cent rise in like-for-like sales in December but predicts the outlook for 2012 is bleak. |
Tesco Christmas sales expected to show poor trading resultsTesco releases its Christmas trading results next week which are expected to show that rivals Asda, Sainsbury's and Morrison's outperformed them. |
John Lewis and Next post Christmas period sales resultsThe sales results for John Lewis and Next have been revealed, with both showing resilience against the economic downturn. |
Bargain hunters hit the stores in thousands on Boxing DayShoppers were out in force across the UK on Boxing Day as retailers reported brisk trading as consumers hunted down the best bargains. |
Saturday's Christmas shopping spend predicted to be over £1blnGood weather and fierce discounts combined to encourage Christmas shoppers to spend on the high street yesterday on one of the busies shopping days of the year. |
Christmas shopping spend to net £1bn today as sales start earlyHigh Street retailers are praying for success and have issued fierce promotions as competition for the Christmas pound takes on new urgency in the retail sector. |
Mary Portas suggests measures to prevent death of the high streetIdeas that could reinvigorate the high street have been put forward by Mary Portas after she was commissioned by the prime minister to write a report. |
Snow led to GDP fall in 2011 but could it save us from recession now?A member of the Office for Budget Responsibility has told MP's that snow could delay economic activity until 2012 and help avert a double-dip recession. |
UK retail sales drop, outlook weak for Christmas shoppingSales figures for November show people are not splashing out on Christmas shopping as they once might have done. |
Christmas shopping set to suffer as CBI reports retail woeThe CBI reports staff levels are falling in retail, sales are down and orders are falling to levels last seen in March 2009 and predicts a gloomy Christmas for retailers. |
40% of people in the UK plan to spend less this ChristmasChristmas spending could take a tumble as cash-strapped Britons cut back this year, Which? has said. |
Dixons share price rises as losses declineThe share price of UK electronics retailer has risen after the company posted its interim results that showed increased customer satisfaction and reduced losses. |
Arcadia boss Sir Philip Green to shut 250 stores as profit slipsSir Philip Green, the boss of Arcadia which owns UK brands such as Top Shop, BHS and Wallis will shut between 200 and 260 stores as Arcadia profits fall by 38%. |
Christmas retail hopes rise after ONS reports rise in UK salesThe Office for National Statistics published retail sales figures for the UK in October which showed a surprise 0.6 per cent rise in some rare good news for the economy. |
Mothercare posts £81m six-month lossMothercare has posted an £81 million six month loss due to "a weak consumer environment" and two one-off charges totalling £75 miilion. |
Ten per cent of all sales transactions happen onlineThe ONS published retail sales data for September that showed online sales are growing at the expense of the high street and £1 in every £10 is now spent online. |
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