Tag: Retail Sector



Store Closures Possible at struggling Mamas and Papas

Posted on 8 July, 2014 by Kirsten Kennedy under Business News, Economy

Although consumer confidence has improved since the recession, a combination of low wage growth and changing spending habits continues to affect high street retailers. This has led to several popular names voicing concerns for the future with upmarket pram... Read More

La Senza enters Administration for Second Time in Two Years

Posted on 2 July, 2014 by Kirsten Kennedy under Business News, Economy

Since the end of the recession, the number of high street retail administrations has reduced markedly, leading many analysts to hope that recovery is in full swing within the retail sector. Unfortunately the latest news from La Senza indicates that there is... Read More

Retail Sales fall flat in June

Posted on 27 June, 2014 by Kirsten Kennedy under Economy

For many retailers, hopes were raised that the launch of the 2014 World Cup, in combination with the warm weather experienced across the majority of the UK in recent weeks, would equate to a huge increase in consumer spending in June. However, if recent data... Read More

Netto and Sainsbury’s to take-on High Street Discounters

Posted on 24 June, 2014 by Cliff Goodwin under Business News

Danish retailer Netto — which pulled out of the UK in 2010 — is plotting its return in a joint supermarket venture with Sainsbury’s and a head-to-head discount clash with rivals Lidl and Aldi. The first new stores, branded as Netto, will begin... Read More

Mulberry Profits drop following Price Hike

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

As consumer confidence continues to improve, luxury retailers have seen a distinct upturn in sales, with seasonal events such as Christmas and Easter coinciding with a far greater consumer spend than has been seen in several years. However, not all have... Read More

Argos and Homebase Sales lifted by Warmer Weather

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

Home Retail Group struggled hugely during the recession, with sales dropping consistently at both its Argos and Homebase stores as consumers battled to save money. However, a combination of the economic recovery and the warmer weather has seen the group... Read More

Supermarket Price War “dragging down sales” says BRC

Posted on 13 June, 2014 by Kirsten Kennedy under Business News

The supermarket price war continues to rage on in the UK, with retailers Tesco, Asda, Morrison’s and Sainsbury’s lowering prices consistently in a bid to compete with imported discounters like Aldi and Lidl. However, new industry data has revealed that... Read More

Sainsburys reports Second Consecutive Quarter of Falling Sales

Posted on 11 June, 2014 by Kirsten Kennedy under Business News

Sainsbury’s has become the latest retailer to post a negative report for the past three months, marking the second consecutive quarter of falling sales for the group. During the 12 weeks to the 7th of June, like for like sales excluding fuel fell by... Read More

Is Tesco Past its Sell By Date?

Posted on 4 June, 2014 by Kirsten Kennedy under Business News

Supermarket giant pins hopes on turnaround plan Although the end of the recession has had a positive impact upon the revenues of most retailers in the UK, the supermarket sector remains something of an anomaly. With competition from discounters high and... Read More

Tesco to move Sweets from Convenience Store Checkouts

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

The Big Four supermarkets have continued to step up their efforts in beating discounters such as Aldi and Lidl by dropping prices, offering a range of promotions and launching advertising campaigns based around the quality of goods on offer in store. However,... Read More