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16th Dec 10
UK retailers predict excellent sales figures to come over Christmas despite cold weather
by Harry Oldfield
UK retailers have confidence that they will have an excellent Christmas season despite the fact that incredibly cold weather and more snow is being predicted for the last week leading into Christmas. This weekend, which is the last weekend before Christmas, has forecasts for even more snow that will be similar to that which caused [...]
(Read More)3rd Nov 10
Profits rise for grocers as food costs soar
by Natasha Redman
New numbers show that food costs in Britain have pushed the annual price of keeping food on the table for UK householders up by more than £230 a year. The British Retail Consortium showed, however, that despite food costs soaring amidst an already struggling economy, major UK supermarket giants continue to enjoy hikes in profit [...]
(Read More)6th Oct 10
Shoppers paying price for food inflation
by Katie Naylor
Shoppers in the UK have been hit by a 15-month high in the inflation of food as well as an increase in the cost of clothing, according to research conducted throughout September. The monthly price survey, conducted by the British Retail Consortium and Nielson, indicated that the rising prices of oil and wheat were now [...]
(Read More)14th Jul 10
Dismal sales force UK retailers to slash prices
by Harry Oldfield
Low sales throughout the UK retail industry has forced firms from all over the country to slash prices, as companies such as Marks and Spencer, Debenhams, and Next try to find ways to draw penny-pinching customers into its stores. One of the many economic effects of such drastic cuts is the drop in the consumer [...]
(Read More)2nd Dec 09
Price of fresh fruit and vegetables drop
by Sally Davies
It has been revealed that the price of fresh fruit and vegetables has tumbled, with supermarket deals and a surplus of some produce resulting in a 10 per cent price cut across the board. A basket of a dozen common items had cost on average £9.69 in November, down 9.9 per cent in the same [...]
(Read More)11th Nov 09
New hopes Christmas shopping sprees could bring the UK out of recession
by Katie Naylor
The price of goods sold on the high street have risen at a yearly rate of 3.8 percent in the last month, prompting hopes that a spending spree in the lead up to Christmas may help pull the economy out of recession. The rise in like-for-like sales is the largest in October in the past [...]
(Read More)16th Jun 09
Weak growth in London retail sales for May
by Natasha Redman
www.synovate.com In May, retail sales in London grew by 1.6 per cent on a like-for-like basis. It was the weakest growth seen in the capital so far this year, and was held back by milder weather during the month. Footfall in the capital during May dropped by 0.4 per cent, according to Synovate Retail Performance, [...]
(Read More)22nd May 09
April UK retail sales higher than expected
by Katie Naylor
www.statistics.gov.uk During the month of April, retail sales in the UK showed an increase that was much larger than expected, as lower interest rates seemed to maintain levels of consumer spending. Even with the recession continuing, retail sales rose by 0.9 per cent for the month, as compared with March, according to the Office for [...]
(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)