Tag: Retail Sector

Asda to invest £600 million in new Store Opening Programme

Posted on 24 February, 2015 by Kirsten Kennedy under Business News

As the supermarket price war rages on and the Big Four continue to lose market share to discounters, most are choosing to rein back new openings in favour of closing unprofitable stores. However, Asda has this week announced that it will buck this trend by... Read More

Changing Consumer Demands favour Independent Retailers

Posted on 20 February, 2015 by Kirsten Kennedy under Business News

As supermarkets fall further from favour with consumers, discounters including Aldi and Lidl and upmarket brands such as Waitrose are reaping the benefits by increasing their market share. However, a new study by business insurance broker Simply Business has... Read More

Turnaround Programme brings joy to Mothercare

Posted on 18 January, 2015 by Kirsten Kennedy under Business News

During the recession, many specialist retailers were hit hard by the rising number of discounters which aimed to provide a wide variety of stock at low prices for consumers. One of the chains which struggled was undoubtedly Mothercare, yet there are now signs... Read More

High Street endures worst Christmas Trading Period since onset of Recession

Posted on 14 January, 2015 by Kirsten Kennedy under Business News, Economy

Retailers were hoping that the combination of an improving economy and more optimistic consumer outlook would cause Christmas sales to skyrocket, but unfortunately this proved not to be the case. In fact, the high street endured its worst Christmas sales... Read More

Retail Sector Administrations fall by 35 per cent

Posted on 12 January, 2015 by Chris Grigorovsky under Business News, Economy

According to research by the business advisory firm, Delloitte, the retail sector has seen a significant drop in companies going into administration. The information showed that only 119 retailers went under in 2014 compared to the previous year, which saw... Read More

Store Closures looming at Fashion Retailer USC

Posted on 9 January, 2015 by Kirsten Kennedy under Business News

Many retailers enjoyed a successful festive trading period with brands such as John Lewis, New Look and River Island all reporting an increase in profits for the six weeks to the beginning of January. However, fashion chains Bank and USC were less fortunate,... Read More

Sainsbury’s suffers first Christmas Sales Drop in a Decade

Posted on 7 January, 2015 by Kirsten Kennedy under Business News

After facing  controversy over its Christmas TV advert , it has emerged that the situation at Sainsbury’s has gone from bad to worse over the festive trading period. The supermarket brand has suffered its first fall in Christmas sales in more than a... Read More

Strong Christmas adds to uplift in Leeds City Centre footfall

Posted on 26 December, 2014 by Kirsten Kennedy under Business News

Leeds has long been a prime destination for consumers in the north of England, with numerous ongoing retail and leisure developments building upon the buzz created by the opening of the Trinity Leeds shopping centre last year. This has seen footfall levels in... Read More

Which Retailers will be top of the tree this Christmas?

Posted on 25 December, 2014 by Kirsten Kennedy under Business News

The Christmas trading period is over for another year, and retailers will now be turning their attention to totting up their totals in order to judge how well they performed during this peak season. However, before any results have even been released,... Read More

Winter Wonderland Attractions bring Festive Cheer to the High Street

Posted on 24 December, 2014 by Kirsten Kennedy under Business News

This Christmas, festive attractions have proved immensely popular with members of the public, with many consumers foregoing the opportunity to buy gifts online and instead turning to the local high street to meet their needs. As a result, experts are... Read More