Tag: spend

Ireland lowers VAT rate on number of goods

Ireland lowers VAT rate on number of goods

Ireland has slashed its VAT rate on a number of goods, including restaurants, hospitality and tourism in a bid to boost the economy and get consumers spending again. The country’s Government lowered the rate from 13.5% to 9% on 1 July and it will remain until December 2012. The new rate will mean slightly lower [...]

July 4, 2011 | 1 Comment More
Google reports strong Q4 performance

Google reports strong Q4 performance

US search engine giant, Google, said revenues rose 17% in the fourth quarter 2009 compared with the same period a year ago. Advertising earnings were higher at the company with revenues totalling $6.67 billion (£4 billion) in the October to December period - up from $5.7 billion a year ago. However, the figures were at [...]

January 22, 2010 | 0 Comments More
Matalan sees strong Christmas trading

Matalan sees strong Christmas trading

Fashion and homewares chain Matalan has joined other major retailers by posting strong Christmas sales. The retailer, which is traditionally based in out-of-town locations, said like-for-like sales for the 13 week period ending 2 January grew 9.3%, with like-for-like sales for the five weeks over Christmas and the New Year up 13.7%. The chain, which [...]

January 13, 2010 | 0 Comments More
Next sales beat expectations

Next sales beat expectations

Fashion chain Next has today reported better than expected sales figures for the Christmas period. The fashion retailer Next said like-for-like sales at Next Retail were up 3.2% in the 22 weeks to Christmas Eve. Its mail order business, Next Directory, said sales increased by 6.8% compared with a year earlier. As a result, it [...]

January 5, 2010 | 0 Comments More
Virgin loses almost 10,000 customers a month

Virgin loses almost 10,000 customers a month

During the second quarter of the year, cable giant Virgin Media lost 27,000 customers, research has unveiled. However, the majority of these customers were low-value buyers of prepaid mobile services and commodity broadband. The company also highlighted that it had pushed the average customer’s spend to a record high with the average revenue per user [...]

August 6, 2009 | 0 Comments More
Retailers in for challenging Christmas as UK consumers spend less

Retailers in for challenging Christmas as UK consumers spend less

According to business group, Deloitte, the retailing industry could face ‘one of the toughest in decades’ this Christmas as UK consumers tighten their purse strings. The organisation said the average consumer plans to spend 7% less than last year. In its 14th annual Christmas Retail Survey, Deloitte found that while 24% of UK consumers intend [...]

November 13, 2008 | 0 Comments More