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Tesco is heavily promoting its offer to lure consumers back to its check-outs after admitting that its previous campaign to win shoppers had fallen flat. The UK’s biggest retailer has been promoting its latest deal in full-page newspaper adverts. The deal promises to give £5 off your next purchase if you spend £40 or more [...]
(Read More)12th Jan 12
Retail sales up 4% in December
by Paul Russell
A rush to snap up bargains during the final few days before Christmas helped shops achieve one of their strongest trading months of last year in December, revealed the British Retail Consortium. In spite of the collapse of lingerie group La Senza and a worse-than-expected performance by supermarket giant Morrisons, the BRC said that heavy [...]
(Read More)28th Dec 11
Retailers ready for record breaking week
by Katie Naylor
Frantic bargain hunters have made way for people with a more relaxed view of shopping as high street shops anticipate a record breaking week. Analysts reported a shift in customer from overseas tourist looking for exclusive items to families seeking more practical items like glassware. Experts say preliminary figures suggested Boxing Day had witnessed a [...]
(Read More)7th Dec 11
Christmas fails to persuade consumers to part with cash
by Paul Russell
Retail sales fell to a six-month low in November as hard-up consumers reduced their spending, despite Christmas rapidly approaching. While the unseasonably mild weather has come as a massive blow to winter clothing sales, a survey by the British Retail Consortium/KPMG revealed that the UK retail sector’s health is deteriorating and that stores were resorting to [...]
(Read More)29th Nov 11
Store cards regulations set for shakeup
by Katie Naylor
A crackdown on store cards is on its way, nearly six years after a ruling by the Competition Commission concluded that people in the UK are being ripped off by a combined total of £55m per year. Rules have been agreed to improve the way store cards are offered to consumers. The shakeup will prohibit [...]
(Read More)18th Nov 11
Retail sales show surprise improvement
by Natasha Redman
Retailers preparing for a tough Christmas period could now be met with queues outside their stores if a surprise leap in sales in October continues through the key festive season. There was a greater than expected rise of 0.6 per cent in retail sales volumes in October, revealed the Office of National Statistics, confounding analysts’ [...]
(Read More)8th Nov 11
Retail sales slump amid euro and job concerns
by Katie Naylor
Retail sales dived in October, adding further weight to concerns that the UK will follow the eurozone towards a possible recession over the winter. Analysts warned that an injection of cash may need to be added to the economy. Spending on clothes, furniture and other non-food goods declined by 1.8 per cent in comparison with September, [...]
(Read More)24th Oct 11
Retailers target Christmas revival
by Adam Richards
Retailers are set for a crucial Christmas period after sales dropped further over the summer. Retail sales volumes in the UK over the three months ending September fell by 0.2 per cent as shops experienced a particularly poor August on the back of the riots across the country. Official data last Thursday also underlined concerns [...]
(Read More)21st Oct 11
Back to school boost for consumer spending
by Katie Naylor
Purchases of laptops and other gadgets at the beginning of the new school term gave retailers an unexpected boost in September but failed to ease concerns over the sector during the build-up to the busy Christmas trading period. Retail volumes in September increased by 0.6 per cent month-on-month on the back of a downwardly revised [...]
(Read More)12th Oct 11
Clothing sales decline amid heatwave
by Paul Russell
Clothing retailers suffered their largest sales decline in two years as consumers stayed outdoors in the country’s mini heatwave, revealed the British Retail Consortium. Scorching conditions in many regions of the UK resulted in shoppers putting off purchasing autumn and winter ranges but, with food shops aided by barbecue weather, overall sales increased by 0.3 [...]
(Read More)