Tag: Christmas

Millions switch cards when 0% deal expires

Millions switch cards when 0% deal expires

New figures from Sainsbury’s Bank suggest that nearly two million credit card holders intend to switch providers over the next year, when their 0 per cent balance transfer offer expires. A further 900,000 card holders will switch when their 0 per cent purchase deal expires, according to the bank’s latest research. After the introductory offer [...]

November 21, 2011 | 0 Comments More
BoE: Mortgage approvals slump in December

BoE: Mortgage approvals slump in December

The Bank of England has today revealed mortgage approvals slumped in December - to the lowest level since March 2009 - when the economy was in the midst of recession. According to the Bank, there were 42,563 loans approved in the month, down from November’s 47,287 approvals. December’s figure was also way below analysts forecast [...]

February 1, 2011 | 0 Comments More
Tesco blames big freeze for poor Christmas sales

Tesco blames big freeze for poor Christmas sales

Supermarket giant Tesco today announced like-for-like sales, excluding petrol, grew by just 0.6% in the six week period to 8 January compared with a year earlier. The figures were worse than expected for the Christmas period and the company blamed the heavy snowfall which gripped most of the country during the build up to the [...]

January 13, 2011 | 0 Comments More
Sainsbury’s shrugs off bad weather with record sales

Sainsbury’s shrugs off bad weather with record sales

January 12, 2011 | 0 Comments More
Sainsbury’s to create thousands of jobs

Sainsbury’s to create thousands of jobs

January 11, 2011 | 0 Comments More
M&S sees strong Christmas trading

M&S sees strong Christmas trading

The UK’s biggest retailers are currently reporting their Christmas trading figures, and it has been a mixed bag so far. Today, British retailing giant Marks and Spencer (M&S) said sales in the final quarter of 2010 were up despite the heavy snowfall which gripped much of the country last month. The 127-year-old retailer which sells [...]

BRC reports 0.3% fall in December retail sales

BRC reports 0.3% fall in December retail sales

The heavy snowfall which gripped most of the country last month was expected to impact negatively on retail sales. However, retail sales fell just 0.3% on a like-for-like basis, according to the British Retail Consortium (BRC)/KPMG retail sales monitor. However, total sales rose 1.5% against 6% growth the previous year - a sharp drop but [...]

Morrisons reports rise in Christmas sales

Morrisons reports rise in Christmas sales

Wm Morrison Supermarkets has today reported a rise in Christmas and New Year sales, despite the bad weather which gripped most of the country during December. The grocer, which is Britain’s fourth largest, said like-for-like sales grew 1% in the six-week period over Christmas and New Year compared with the same period a year ago. [...]

January 10, 2011 | 0 Comments More
Next and HMV sales hit by heavy snowfall

Next and HMV sales hit by heavy snowfall

The heavy snowfall which gripped most of the country last month resulted in a fall in sales at Next - Britain’s second largest fashion retailer. The company today announced sales for the five months to Christmas Eve - at shops open at least a year - were down 6.1%. However, online sales were up 8.7% [...]

January 5, 2011 | 0 Comments More
Forthcoming VAT hike could boost Christmas sales

Forthcoming VAT hike could boost Christmas sales

The British Retail Consortium (BRC) has revealed some optimism among retailers for the Christmas period. Many believe the Christmas period will be no worse than last year - despite consumers being fearful of the Government’s spending cuts and unemployment. According to the BRC’s snapshot of 17 major retailers, which represents up to 51% of the [...]

December 13, 2010 | 0 Comments More
US Christmas shopping season kicks off

US Christmas shopping season kicks off

US retailers were hoping for buoyant sales this weekend after the start of the Christmas shopping season. The day after the Thanksgiving national holiday, known as Black Friday, sees stores open overnight and offer heavy discounting. While shopper numbers were up by 2.2% on Black Friday on last year’s numbers, sales were only up by [...]

November 28, 2010 | 0 Comments More
CBI reveals retailers fears for 2011

CBI reveals retailers fears for 2011

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers are optimistic about the Christmas period but have expressed their concerns for 2011. Many retailers share the same fear for next year as Government spending cuts kick in and the VAT rise takes effect on 1 January. The CBI’s survey established that [...]

November 25, 2010 | 0 Comments More
London Underground faced with strikes in the build up to Xmas

London Underground faced with strikes in the build up to Xmas

There are fears of further strikes on the London Underground (LU) after the Rail Maritime and Transport Union (RMT) claims two workers are being unfairly treated by management and facing disciplinary action. As a result, hundreds of workers are to be balloted for strikes over the dispute with action expected to be taken in the [...]

November 22, 2010 | 0 Comments More
High Street facing bleak Christmas

High Street facing bleak Christmas

According to the latest Markit Economics survey, the UK looks set to be in for a bleak Christmas as households are squeezed amid higher consumer prices. The survey revealed that consumers’ enthusiasm for buying “big-ticket” items has slumped to its lowest level since February 2009. The research comes despite optimism that consumers would opt to [...]

John Lewis weekly sales rise

John Lewis weekly sales rise

The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales growth surged last week – as shoppers looked to buy warmer clothing as a result of the colder weather. The renowned employee-owned department store said sales grew 12% to £88 million in the week to 20 November, compared [...]

November 21, 2010 | 0 Comments More
UK retail sales exceed expectations in October

UK retail sales exceed expectations in October

According to the Office for National Statistics (ONS), UK retail sales grew in October for the first time in three months. The ONS said sales rose 0.5% in October on a monthly basis - beating analysts expectations of a 0.4% gain. Stripping out volatile fuel prices, retail sales grew 0.3% in the month. However, on [...]

November 18, 2010 | 0 Comments More
Rightmove: Vendors show eagerness to move before Christmas

Rightmove: Vendors show eagerness to move before Christmas

Property website, Rightmove, has today reported a major fall in asking prices in November - as vendors cut their prices amid desperation to sell their property before the Christmas slowdown. According to Rightmove, asking prices for residential property in England and Wales fell 3.2% in the month - the biggest drop since December 2007. The [...]

November 15, 2010 | 0 Comments More
John Lewis sees boost as Christmas shoppers hit the High Street

John Lewis sees boost as Christmas shoppers hit the High Street

The John Lewis Partnership, which is regarded as a barometer of British retailing, said sales rose sharply last week as Christmas shoppers took to the High Street. The renowned employee-owned department store said sales at its 28 department stores grew 11.5% to £77 million in the week to 13 November, compared with the same period [...]

November 14, 2010 | 0 Comments More
UK retailers expecting Christmas boost

UK retailers expecting Christmas boost

According to the latest CBI distributive trades survey, retailers are optimistic - particularly about the run-up to Christmas. This is deemed positive after many reports have suggested consumers will rein in their spending after the Government’s massive spending cuts. However, shoppers are expected to buy big-ticket items - ahead of the VAT rise which will [...]

October 28, 2010 | 0 Comments More
Retail sales growth slows in September

Retail sales growth slows in September

There is worrying news for the economy today after the British Retail Consortium (BRC) said retail sales growth eased in September. The BRC said consumers are holding off purchasing big-ticket items as they prepare themselves for massive spending cuts, introduced by the Government to slash the budget deficit. Many reports have suggested economic growth will [...]

October 12, 2010 | 0 Comments More