Retail sales hurt by Olympics

Retail sales in the UK fell during in August as people put off shopping to watch the Olympics.Sales fell 0.2% in August from July according to the Office for National Statistics (ONS). The ONS said the decline was also driven by a fall in online sales, as consumers watched the Olympics instead of shopping on […]

October 8, 2012 · Home Based Jobs · Comments Closed
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UK retail insolvencies jump on wet weather

The number of retailers going out of business between April to June jumped sharply due in part to the wet weather. The research was carried out by the accountants PricewaterhouseCoopers (PwC). Clinton Cards was among 426 retailers that fell into insolvency in the period, compared with 386 a year ago. PwC said there had a […]

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UK retail sales rise only 1.4%- official figures

UK retail sales volumes rose by only 1.4% in May from April according to offical statistics.Sales had slumped 2.3% in April, thanks to the wet weather and consumers panic-buying petrol in March. The Office for National Statistics (ONS) said sales of clothes and shoes had boosted volumes in May. A monthly rise of 1.2% had […]

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Thorntons’ sales down in difficult trading environment

Sales at chocolate maker Thorntons have fallen on the impact of its store closure programme and a difficult trading environment.Total sales were down 2.7% to £62.4 million in the 16 weeks to 28 April. The company shut down an additional 11 stores in the period as part of its closure programme. Jonathan Hart, Thorntons’ chief […]

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Empty shops rate hits record new research shows

The proportion of shops in Britain lying empty has hit a new record of 14.6% in February, according to figures compiled by the Local Data Company.Vacancy rates had begun to stabilise at the end of 2011, but they have risen in January and February, the LDC said. It is further evidence of a difficult start […]

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Peacocks clothes firm plans to call in administrators

Clothing retailer Peacocks says it intends to call in the administrators after failing to restructure £240 million of company debts.The company employs more than 400 at its Cardiff HQ and nearly 10,000 more across the UK. The firm has experienced spectacular growth over the past 15 years, but is saddled with debts dating back to […]

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Past Times goes into administration

Past Times has appointed administrators from KPMG to try to sell the business as a going concern.The retailer had already closed 46 stores, resulting in 507 redundancies. The remaining 51 stores will continue to trade for now, although 30 people have been made redundant at its head office and another 37 at its warehouse. The […]

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Home Retail Group reported sales fell sharply over Christmas

The Home Retail Group (HRG) which owns Argos and Homebase reported that sales fell sharply over Christmas and said it will significantly cut this year’s dividend.At Argos, like-for-like sales – which strip out the effect of store openings – were down 8.8% in the last 18 weeks of 2011. At DIY chain Homebase, weak demand […]

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HMV reports Christmas sales slump

Retailer HMV has reported a sharp slump in sales for the Christmas period but noted a slowing in the decline of its music and film business.Like-for-like sales- which exclude out the effect of shop closures, fell 8.1% in the five weeks to the end of the December. Total sales were down 16.6%. The group reiterated […]

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Wretched December for Scottish shops

According to the Scottish Retail Consortium (SRC) 2010 was a wretched year for retailers.Scottish shopkeepers have reported their worst December since at least 1999, claimed the SRC. Although sales last month were up by 1.6% compared with the previous year, it was the weakest December since the survey began in 1999. Like-for-like sales, which discounts […]

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