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www.camerontoll.co.uk As many as 500 jobs are expected to result from the expansion of one of Edinburgh’s main shopping centres, according to a report in The Scotsman. The Cameron Toll shopping complex is about to undergo a £25 million expansion progamme, according to the Irish investment fund which acquired the property last year.
(Read More)30th Mar 09
Consumers downgrading to cheaper brands
by Natasha Redman
www.sainsburys.co.uk For many items bought at groceries, thousands of shoppers in Northern Ireland are abandoning major brand names and buying cheaper alternatives. Sainsbury’s has released new figures showing that their customers increased purchases of the retailer’s own low-cost label sales by 60 per cent in the last year.
(Read More)27th Mar 09
Clothing retailer Next reports declining profits
by Katie Naylor
www.next.co.uk The UK’s second-largest retailer of clothing, Next PLC, has reported a 15 per cent decline in full-year profits as British shoppers cut their spending both at its stores and through its catalogue.
(Read More)26th Mar 09
Everyday items costing more in recession
by Harry Oldfield
www.bls.gov/CPI The average UK consumer is having to pay more for items such as food, petrol and air fares, even in the current recession, new figures have revealed. Despite predictions that Britain would be hit by deflation, the price of groceries, petrol and alcohol have increased, leading the Consumer Price Index (CPI) to show an [...]
(Read More)25th Mar 09
British consumers plan more online spending
by Adam Richards
www.logantod.com According to a new study conducted by e-business sales consultancy Logan Tod, consumers in the UK are planning to spend more of their shopping money online in 2009 than in any year before.
(Read More)24th Mar 09
London retail sales up despite recession and weather
by Sally Davies
www.brc.org.uk Severe winter weather, including the heaviest snows to hit London in over 20 years, and the impact of the recession, did not push the capital’s retail sales down in February. The British Retail Consortium (BRC) released figures that show central London’s retail sales up by 5.9 per cent in February as compared with the [...]
(Read More)23rd Mar 09
UK shopping streets continue to lose retail shops
by Paul Russell
www.experiangroup.com Shopping streets in Britain are facing the ongoing loss of retail shops in most population centres, with the only survivors being sandwich and fried chicken chains among the boarded up fashion and department stores.
(Read More)20th Mar 09
Credit card fraud exceeds 600 million in UK
by Natasha Redman
www.apacs.org.uk In the UK last year, losses due to credit card fraud reached £609.9 million, which was a sharp increase over the £535.2 million reported in the previous year. According to recent figures from the payments association APACS, the increase was driven by crime in which the cardholder was not present.
(Read More)19th Mar 09
Online shopping websites in UK outrank US
by Katie Naylor
www.theretailbulletin.com In recent testing, retailer websites that are British-owned performed significantly better than their American counterparts, achieving some of the best scores in the selection of 100-plus websites ranked, according to website performance specialist Sitemorse.
(Read More)18th Mar 09
Online shopping much better for the environment
by Harry Oldfield
www.sml.hw.ac.uk/logistics According to the results of a new university study, shopping for books, clothes and DVDs online is 24 times more environmentally-friendly than driving to the shops – and seven times greener than hopping on a bus.
(Read More)