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28th of August 2010
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News Tag: retail

August 20, 2010

Internet sales soar in July due to wet weather

by Kay Murchie
”Internet
IMRG, an industry body for global e-retailing, has reported online sales soared in July - at the quickest pace in three years. According to the industry body, the rain discouraged shoppers from venturing onto the high street and opting to purchase from the comfort of their own home. According to IMRG, £5 billion was spent in July - higher than ...



July 29, 2010

New High Street bank opens in London today

by Kay Murchie
”New
Metro Bank, which aims to make banking a “fun retail experience” opens in Holborn, central London today. The bank is Britain’s first new high street lender for more than a century and it has pledged to return to “core banking values”. The bank said it will employ more cashiers than the existing “big four” banks, while keeping its call centre in ...



May 28, 2010

May retail sales fall to 14-month low

by Kay Murchie
’May
A survey by the Confederation of British Industry (CBI) has revealed a fall in UK retail sales for the month of May. Its monthly distributive trades survey reported a sales balance of -18 in May from +13 in April - a 14-month low and the biggest one-month drop in the index since January 2005. According to the CBI, bad weather in ...



April 27, 2010

CBI: Retail sales volumes rise in April

by Kay Murchie
...



April 23, 2010

UK crawls further out of recession with GDP growth of 0.2%

by Gill Montia
UK crawls further out of recession with GDP growth of 0.2%
The UK's recovery from recession was at a snail's pace in the first quarter of 2010, with GDP growing by an estimated 0.2%, or just half analysts' expectations of 0.4%. According to the Office for National Statistics, progress was also half that made in the final quarter of 2009, when output increased by 0.4% once an earlier ...



April 16, 2010

John Lewis posts another double digit rise in weekly sales

by Kay Murchie
’John
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 10% in the week to 10 April, compared with the same period a year ago. The renowned employee-owned department store said customers are still spending despite the uncertainty over next months’ election. The firm has been outperforming its rivals this ...



March 15, 2010

Metro Bank pledges to return to “core banking values”

by Kay Murchie
’Metro
Metro Bank, which was recently granted a banking licence by the Financial Services Authority (FSA), has told Sky News that it plans to make banking a "fun retail experience". The bank, which is set to become Britain’s first new high street lender for more than a century, is set to open two branches in central London by early ...



January 12, 2010

Tesco experiences ‘strongest Christmas for three years’

by Kay Murchie
”Tesco
Supermarket giant, Tesco, has announced a sharp rise in Christmas sales and follows strong sales from other major retailers, boosting hopes that the economy has finally emerged from recession. Tesco, which is the UK's largest retailer, said it experienced its best Christmas in the UK for three years with total UK sales in the six weeks to January 9 growing by ...



January 5, 2010

John Lewis reports bumper Christmas sales

by Kay Murchie
”John
The John Lewis Partnership, which is seen as a barometer of British retailing, said like-for-like sales were up 12.7% in the five weeks to 2 January 2010 compared with a year ago. The figures will boost hopes that the economy is making a recovery as consumers begin to spend again. Furthermore, the renowned employee-owned department store and owner of the Waitrose supermarket chain, ...



December 29, 2009

Shoppers flood the High Street on Boxing Day

by Kay Murchie
”Shoppers
Shoppers were out looking for bargains on Boxing Day after millions flooded the High Street. Shoppers were queuing from 4am at the Bullring shopping centre in Birmingham, while shoppers queued at Lakeside shopping centre in Essex as early as 5am. Retail analysts said around 12 million people hit the High Street on Saturday - with shoppers up by 20% compared to ...



December 17, 2009

Scrooge retailers pocket charity Christmas card profits

by David Masters
Scrooge retailers keep charity Christmas card profits
As little as 6% of the cover price of charity Christmas cards sold by high street retailers is passed on to the charity they allege to support, an investigation has uncovered. Charities earn an estimated £50 million per year from Christmas card sales, with charity cards sold by mainstream retailers making a significant contribution to this total. However, research by Which? found ...



December 16, 2009

Internet trumps high street for Christmas gifts

by David Masters
Internet trumps high street for Christmas gifts
Britain's urban dwellers are shunning the high street in favour of the internet to buy Christmas presents, PayPal has revealed. Over 40% of the people living in the UK's major cities have increased the amount of shopping they do online in the past 12 months, a study by the online payments service found. Manchester and Glasgow showed the biggest increases, with over ...



October 16, 2009

US industrial production sees third straight monthly gain

by Kay Murchie
US industrial production sees third straight monthly gain
There are signs of recovery within the US manufacturing sector after the Federal Reserve reported a rise in industrial production for the month of September. The US central bank said output at the nation's factories, mines and utilities grew 0.7% during the month - higher than the 0.2% rise expected by analysts and follows the rise of 1.2% in August. However, ...



October 7, 2009

US consumers continue to hunt for bargains amid downturn

by Kay Murchie
US consumers continue to hunt for bargains amid downturn
Figures show that US consumers continue to seek out bargains amid the downturn as US discount retailer, Family Dollar, posted a 13% rise in fourth quarter profits. The store said it continues to attract budget-conscious shoppers who are looking to buy its discounted name-brand consumables. The store stocks items for under $10 and has been rearranging store space to ...



August 13, 2009

US retail sales dip in July

by Kay Murchie
”US
The US economy has surprised analysts again, this time by announcing a dip in retail sales for the month of July. The fall of 0.1% for July follows two months of gains, according to the Commerce Department. Analysts described the figures as disappointing as they had been expecting a rise of 0.7% in overall sales last month. Petrol stations, department stores, electronics outlets ...



August 11, 2009

July retail sales rise 1.8% on year

by Kay Murchie
”July
There are further suggestions of a recovery today after the British Retail Consortium (BRC) reported a rise in retail sales for the month of July. According to the BRC, UK-wide like-for-like sales (which excludes new store openings) grew by 1.8% during the month compared with July 2008. The wetter weather in the second half of the month lifted demand for furniture ...



July 14, 2009

UK retail sales benefit from heatwave

by Kay Murchie
”UK
The British Retail Consortium (BRC) and KPMG’s retail sales monitor has revealed a rise in UK retail sales in June, primarily due to the good weather during the month. Like-for-like sales rose 1.4% last month compared with June 2008 with non-food sales over the three months to June experiencing their best performance since October last year. However, big-ticket items such as homewares ...



July 3, 2009

Euro zone retail sales down in May

by Kay Murchie
Euro zone retail sales down in May
There was more bad news for the struggling euro zone today with the news of a fall in retail sales in May. According to Eurostat, retail sales in the euro zone fell 0.4% month-on-month - analysts had expected a fall of 0.1%. Meanwhile, on an annual basis, the fall was 3.3% - again worse than the 2.7% fall analysts had expected. The latest ...



June 25, 2009

Online retail to offset high street woes

by David Masters
Online retail to offset high street woes
Online shopping could give the UK's economy the boost it needs to climb out of recession, according to a new report. PayPal UK's Online Retail Report estimates that the amount Brits spend online is set to double by the end of 2011, from £8.9 billion per year to £21.3 billion. During 2011, consumers will spend an average of £430 each buying goods ...



June 18, 2009

UK retail sales experience slide in May

by Kay Murchie
”UK
The Office for National Statistics (ONS) has revealed a slight fall in UK retail sales in May. Retail sales fell 0.6% in May compared with the previous month and 1.6% down on the same month last year, said the ONS. The fall in retail sales volumes were fuelled by falls in clothing and footwear where stores experienced a decline of 1.9% over ...



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