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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
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
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)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)24th Nov 11
Black Friday: Amazon targets Christmas shoppers
by Natasha Redman
Amazon has started the countdown to the festive shopping period with a number of product sales in the build-up to Britain’s version of ‘Black Friday’. Last year, the online retailer had special offers of five days of limited deals on over 500 products in the UK’s first ever Black Friday Sales Week. This year it [...]
(Read More)21st Nov 11
eBay plans no tills pop up store
by Adam Richards
Online shopping is said to be bringing the high street to a slow, painful death, but eBay has now announced plans to launch a physical store in Britain. At the outlet, the latest in a line of high-profile experiments in London’s West End, there will be no check-out tills. Instead, shoppers will pay for goods [...]
(Read More)4th Nov 11
Asos UK sales slow but international revenues grow
by Harry Oldfield
Asos’s chief executive Nick Robertson said that his focus was on the profitable international markets instead of offering large promotional discounts to boost sales in the UK. His comments followed the online fashion group’s interim results which revealed a drop of 36 per cent in pre-tax profits, largely as a result of the costs involved [...]
(Read More)17th Oct 11
Asos bosses surprised as growth in the UK slows down
by Paul Russell
Growth in British sales at online fashion company Asos have almost ground to a standstill, surprising its chief executive and pressurising him into speed up growth overseas. Chief executive Nick Robertson said that he had underestimated how much the economic slowdown would impact his business, which targets women in the 16- to 34 age group [...]
(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)