Tag: Retail Sector

Black Friday helps John Lewis achieve Highest Weekly Sales in History

Posted on 2 December, 2014 by Kirsten Kennedy under Business News

Last year, department store giant John Lewis dominated the retail sector with consecutive weeks of record-breaking sales in the run up to Christmas. Yet it appears this year could prove even more successful as John Lewis has already managed to achieve its... Read More

Retail Report reveals first ever fall in Grocery Sales

Posted on 19 November, 2014 by Kirsten Kennedy under Business News

As the pressure on supermarkets continues to mount, it seems that the Big Four are caught in a never-ending downward spiral which is leeching profits, cutting sales and forcing them to halt ambitious store opening programmes. Unfortunately, the latest... Read More

Waitrose Boss warns of Big Four Supermarket Closures

pretty woman with a cart shopping and choosing goods at the supermarket
Posted on 18 November, 2014 by Kirsten Kennedy under Business News

After recently claiming that supermarket estates are 20 years out of date, Waitrose managing director Mark Price has now warned that Britain’s ‘Big Four’ grocery chains may soon be forced to implement a programme of wide scale store... Read More

Morrisons insists it is “Making Progress” despite Poor Results

Posted on 7 November, 2014 by Kirsten Kennedy under Business News

Morrisons has been one of the worst casualties of the supermarket price war, with its late entry into the world of online retailing and emphasis on providing fresh produce rather than lower prices both turning consumers away at a rapid rate. However, despite... Read More

M&S Boss ‘pleased’ with 13th consecutive Quarterly Sales Drop

Posted on 5 November, 2014 by Kirsten Kennedy under Business News

Marks & Spencer (M&S) has continued its poor trading form, confirming its 13th consecutive quarterly sales drop for the second quarter of 2014. The problem still appears to be with the M&S clothing line, which was the primary contributor to... Read More

UK Retailers express High Hopes for Christmas 2014

Posted on by Kirsten Kennedy under Business News

Last Christmas was something of a disappointment for UK retailers as, although the recession was officially over and disposable income was on the rise, many consumers still felt the need to conserve cash wherever possible. However, following a year in which... Read More

Debenhams plans Estate Expansion despite Profit Plunge

Posted on 23 October, 2014 by Kirsten Kennedy under Business News

Debenhams chief executive Michael Sharp remains optimistic despite the retailer’s disappointing annual sales results. In the year to the 30th of August, Britain’s second largest department store recorded a profits plunge of 24.8 per cent, with... Read More

Sharp fall in Retail Sales blamed on Indian Summer

People in the big shopping center...
Posted on 15 October, 2014 by Kirsten Kennedy under Business News, Economy

The beginning of the year saw retail sales pick up strongly following several years of decline. This upturn contributed to increasing demand for retail property in key locations and the first rise in rental values in the sector since the recovery.... Read More

M&S eyes Scandinavian expansion

Posted on 20 September, 2014 by Kirsten Kennedy under Business News

Marks & Spencer, once one of the key players on the high street, has had a difficult time of late, with a lack of consumer enthusiasm for new clothing lines and increased competition causing the 130 year old retailer to fall behind key rival Next for the... Read More

Store Expansion and Housing Market boost Next Profits

Posted on 12 September, 2014 by Kirsten Kennedy under Business News

Next has become one of the dominant retailers of the high street, with its fashion forward lines attracting consumers and allowing it to finally overtake key rival Marks & Spencer. And it appears that this winning streak is set to continue, as it has now... Read More