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Shopkeepers in Scotland have delivered their worst December since 1999, figures from the Scottish Retail Consortium (SRC) have revealed. Although last month’s sales increased by 1.6 per cent in comparison with a year earlier, it was the poorest December since the survey started in 1999. There was an increase in like-for-like sales – which do [...]
(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)10th Jan 12
Morrisons gains customers but sells less
by Harry Oldfield
Supermarket chain Morrisons has cautioned that consumers tightened their belts over the Christmas period, as it delivered disappointing trading figures and said tough times were ahead in 2012. In spite of winning 800,000 extra customers per week during the period, it sold fewer products than at the same time last year, and many shoppers traded [...]
(Read More)9th Jan 12
M&S to announce weak Christmas clothes sales
by Adam Richards
Marks & Spencer is likely to add to the gloom surrounding the high street by announcing weak clothing sales for the Christmas period. The figures, due to be released on Tuesday, will give the biggest guidance to date of festive trading as it is the sector’s bellwether, with over 700 stores in the UK and [...]
(Read More)28th Dec 11
Mobile consumers snap up bargains
by Natasha Redman
Bargain hunters have taken advantage of mobile shopping, with retailers reporting a large increase in consumers using smartphones to check prices and snap up sales online. Mobile traffic to John Lewis’s online clearance sale has jumped by 119 per cent in comparison with levels seen last year and the amount of money spent online from [...]
(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)28th Dec 11
High street exodus as retailers could close shops
by Adam Richards
Retailers could give up half their store leases over the next three years, striking another devastating blow to the embattled British high street. Following a late spending spree on Christmas Eve by consumers keen to make the most of early sales promotions, shopping centres and town centres must prepare for a new wave of desertions, [...]
(Read More)23rd Dec 11
Record online shopping numbers predicted for Christmas Day
by Paul Russell
It is expected that this year’s Christmas Day will experience record numbers of consumers going online to enjoy some retail therapy and take advantage of the sales. Interactive Media in Retail Group (IMRG), an e-retailing group, forecasts that British consumers will fork out £186.4m over the internet on Christmas Day, while the expenditure on Boxing [...]
(Read More)23rd Dec 11
Consumer confidence drops to post-recession low
by Natasha Redman
British people are feeling the lowest they have felt since the recession, revealed a report which will send more shockwaves through retailers who are already prepared for a tough beginning to the new year. Market researchers GfK NOP’s most recent consumer confidence survey found that consumer confidence in December had dropped to its lowest point [...]
(Read More)20th Dec 11
Seasonal sales boost for retailers won’t last
by Harry Oldfield
Hopes of a seasonal boost to lift the continuing gloom of retailers have been raised by record-breaking weekly sales figures published by the John Lewis department store chain. Sales for the week ending Saturday 17 December soared to £133.1m, the highest weekly trade which John Lewis has ever reported. It represents an increase of 10.6 [...]
(Read More)