Tag: Retail Sector

Festive Figures show Morrisons Struggling against Rivals

Posted on 10 January, 2013 by Kirsten Kennedy under Business News

Christmas is generally the most successful period for retailers in the food and drinks industry, with many chains racking up as much as 40 per cent of their annual profits in only a few weeks. However, this makes competition tough, especially among... Read More

Oddbins Unusual Promotion Turns (Red) Heads

Posted on 8 January, 2013 by Kirsten Kennedy under Misc

During the recession, sales and promotions became something of a norm for large retailers across the UK. Supermarkets engaged in a price war on the cost of everything from fruit to fuel, while struggling fashion retailers slashed prices again and again in a... Read More

John Lewis Enjoys a Christmas Cracker

Posted on 19 December, 2012 by Kirsten Kennedy under Economy

With Christmas drawing ever closer, stores across the UK are in a festive frenzy to achieve the highest possible sales following four years of recession. Yet there are still concerns in the retail industry that economic pressure will see this year’s sales... Read More

Comet Collapse Will Cost Taxpayers Millions

Posted on 18 December, 2012 by Neil Bird under Economy

The taxpayer will be left with a multi-million bill following the collapse of electrical retailer Comet according to the administrator Deloitte. With the remaining 50 Comet stores due to close today it appears there is insufficient money left in the coffers... Read More

Festive Frenzy Smashes West End Records Again

Posted on by Neil Bird under Economy

For the second weekend running the festive spending frenzy has smashed West End trading records. Over the course of Saturday and Sunday retailers took an estimated £200 million as footfall once again exceeded expectations. The scale of the bonanza saw... Read More

SuperDry Enjoys Super Sales Boost

Posted on 15 December, 2012 by Kirsten Kennedy under Business News

Many fashion retailers have struggled to garner consumer interest in recent times due to falling disposable incomes for most workers. This has led to profit warnings being posted by traditionally successful brands such as Burberry and Mulberry, and the... Read More

Topshop in Talks Over US Stake Sale

Posted on 6 December, 2012 by Kirsten Kennedy under Business News

The past few years have not been kind to the retail industry, with even the most popular high street brands beginning to show the strain of operating under financial pressure. While supermarkets and other stores which stock daily necessities have managed to... Read More

Bad News for Tesco at Home and Abroad

Posted on 5 December, 2012 by Kirsten Kennedy under Business News

For years now, Tesco has been a market leader in the UK but recently rival Sainsbury’s has made a bid for the retail giant’s crown, posting rising sales figures as Tesco sees customers jump ship for the first time in over a decade.Unfortunately, it seems... Read More

Fortunes Improving for Mothercare

Posted on 26 November, 2012 by Kirsten Kennedy under Business News

The past few years have been tough for the retail industry, with poor economic conditions ushering in a lull in consumer spending. Add the rise in popularity of internet shopping and the burden of business rates and it’s hardly surprising that... Read More

Morrisons Joins Discount Battle due to Dwindling Sales

Posted on 11 November, 2012 by Kirsten Kennedy under Business News

The recession may be over, but this has not led to automatic recovery in the retail sector, with many chain and independent stores still struggling to achieve the levels of sales seen before the economic slump. As a result, many supermarkets have engaged in a... Read More