Tag: Retail Sector



Optimism among UK Retailers hits Three Year High

Posted on 27 April, 2014 by Kirsten Kennedy under Business News

Retailers struggled greatly during the recession, and unlike businesses in other industries have not seen a huge pick-up in sales since recovery began to take hold. However, a survey by the Confederation of British Industry (CBI) has indicated that the slow... Read More

Primark to Expand Operations to US Market

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

Discount retailers have become key drivers of growth in the UK retail industry, yet a common misconception is that only the grocery industry has been affected by a consumer desire to save. This is not in any way true, as budget fashion brand Primark’s... Read More

Shoppers Shun Traditional Easter Gifts

Posted on 18 April, 2014 by Kirsten Kennedy under Business News, Uncategorised

With the Bank Holiday upon us, it is generally assumed that consumers will be eagerly stocking up on Easter eggs, toy rabbits and wicker baskets in a bid to celebrate the first big holiday of the year. However, a new survey released by Conlumino and Web... Read More

Tesco Annual Profits fall by Six Per Cent

Posted on 17 April, 2014 by Kirsten Kennedy under Business News

Amidst the rise of the discounters in the supermarket sector, the established ‘Big Four’ have seen their profits fall as more and more consumers choose to conserve cash by shopping elsewhere. This has taken an especially strong toll on traditional market... Read More

Fashion Sales boost Retail Performance in March

Posted on 16 April, 2014 by Kirsten Kennedy under Business News

In the retail industry, the trend of late has seen consumers purchase items for the home and DIY materials rather than clothing in a bid to save money whilst still capitalising on promotions brought about by the Government’s Help to Buy campaign for first... Read More

Debenhams Profits fall by 25 Per Cent

Posted on 15 April, 2014 by Kirsten Kennedy under Business News

As cheaper imported and domestic brands become ever more popular, many staples of the British retail scene are finding it difficult to boost sales and raise profits on the high street. This has been especially true of both Marks and Spencer and Debenhams,... Read More

Consumers buying Discount to save for Luxury Items

Posted on by Kirsten Kennedy under Business News, Economy

Sales and profits in the discount sector of the retail industry have skyrocketed in the past few years, largely due to consumers striving to save during the recession. However, at the other end of the scale, luxury goods retailers have enjoyed an impressive... Read More

Sanpower purchases Controlling Share in House of Fraser

Posted on 14 April, 2014 by Kirsten Kennedy under Business News

The acquisition of UK companies by overseas firms has become a common occurrence of late, with the improving economic situation allowing many to expand as a result of profits growth. However, one of the most controversial deals has been Chinese conglomerate... Read More

Marks and Spencer reports further Fall in Non-Food Sales

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

Although many High Street retailers have seen impressive sales since the start of the year, Marks and Spencer continues to struggle. While the retailer’s food sales remain strong, as they traditionally have, non-food sales fell steeply in the past... Read More

Big Four Supermarkets lose further Market Share to Discounters

Posted on 10 April, 2014 by Kirsten Kennedy under Business News

Discount brands have added an increased element of competition to the supermarket sector, with consumers keen to continue saving on the weekly shop even after the end of the recession. This has seen German import brands Aldi and Lidl grow their market share... Read More