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SuperGroup, the fashion retailer, has shown its British rivals the way forward by delivering a leap in underlying sales of almost 10 per cent during the key festive period. The owner of the Cult and Superdry clothing brands cited particularly impressive sales of accessories like scarves, gloves, wallets and phone cases. The operator, whose shares [...]
(Read More)11th Jan 12
M&S food sales up over Xmas
by Paul Russell
Marks & Spencer has reported a rise in sales for the final quarter of 2011, as shoppers stocked up on food and drink for Christmas. Excluding VAT, like-for-like sales over the 13 weeks ending 31 December increased by 0.5 per cent, with food rising by three per cent and general merchandise dropping by 1.8 per [...]
(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)16th Dec 11
Aldi and Lidl top survey of customer satisfaction
by Katie Naylor
Low-cost supermarkets Aldi and Lidl have outperformed more high-end rivals such as Marks & Spencer in a yearly supermarket satisfaction report. The survey, conducted by consumer group Which?, placed Waitrose on top of the pile for the third consecutive year, receiving a total of 83 per cent for satisfaction and praise for its products and staff. [...]
(Read More)6th Dec 11
Desperate UK retailers slash prices
by Harry Oldfield
The high street’s biggest names were reducing prices by so much last weekend that analysts are forecasting retailers’ worst Christmas since Lehman Brothers collapsed. Three years ago the American bank’s bankruptcy plunged the global economy into recession and led to the high street being awash with ‘sale’ signs by November. The resulting massive fall in [...]
(Read More)30th Nov 11
Game sales soar as shoppers turn to speciality meats
by Natasha Redman
Sales of speciality meats and game have soared in 2011, retailers report, as consumers have looked for tasty and healthier alternatives to the Sunday roast. In early positive signs for the Christmas game market, a time when venison, partridge and pheasant are all popular meats, independent market research firm Mintel is predicting that British sales [...]
(Read More)25th Nov 11
Marks & Spencer’s Bostock disappointed over quit talks
by Natasha Redman
As Marks & Spencer’s new flagship store in Paris opened with lengthy queues on Thursday, the retailer’s head of clothing Kate Bostock said she was “disappointed” with newspaper claims that she is in discussions to quit. It was alleged on Wednesday night that Ms Bostock was carrying out advanced-stage discussions to take up a senior [...]
(Read More)25th Nov 11
Retail slowdown hits Arcadia outlets
by Adam Richards
The seriousness of the downturn on the high street was laid bare yesterday as Arcadia boss Sir Philip Green announced a drop in profits of almost 40 per cent at his fashion empire and revealed plans to shed 250 stores in the UK. Profits before exceptionals at the group fell to £133.1m from £213.2m in [...]
(Read More)11th Nov 11
Charity Christmas card survey shames Scrooge retailers
by Paul Russell
Retailers which sell charity Christmas cards have been shamed after the revelation that some donate just 1.1 per cent to charitable causes, with the worst offenders being internet shops, according to a Charities Advisory Trust report. The trust’s yearly Scrooge awards, which have been running for a decade, survey retailers to learn which are marketing [...]
(Read More)9th Nov 11
Marks & Spencer profit drops as consumers feel the squeeze
by Katie Naylor
Marks & Spencer’s profits for the first half of the financial year fell as hard-up consumers cut back on furniture and clothes. The chief executive has warned that many people may not even go out to celebrate the new year. Marc Bolland’s warning about how consumers were tightening their purse strings arrived after the retailer [...]
(Read More)