High street retailers facing critical financial issues

Nearly high street 140 retailers are in a “critical condition” despite Christmas being their peak trading time, business recovery firm Begbies Traynor has said.Its UK business solvency survey found 13,700 more firms were in distress, a 35% rise in the quarter to December. Begbies Traynor has predicted a rise in the number of both national […]

January 15, 2013 · Home Based Jobs · Comments Closed
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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 […]

August 21, 2012 · Home Based Jobs · Comments Closed
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Wettest summer hits retail sales

UK retail sales are being hurt by the wet weather, the British Retail Consortium (BRC) has said.Like-for-like sales fell 3.3% from the same month last year, led by women’s and children’s wear. Worst hit were sales of footwear, which recorded their largest decline since January 2008. There was more gloomy news for the High Street […]

July 19, 2012 · Home Based Jobs · Comments Closed
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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 […]

July 3, 2012 · Home Based Jobs · Comments Closed
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Morrisons reports falling sales

Supermarket chain Morrisons has reported a fall in underlying sales for the three months to the end of April.Like-for-like sales, which ignore new store openings, fell 1% excluding fuel. Total sales were up by 1.5%. Morrisons said the economic environment for the consumer had “remained challenging” and added that the board “remains cautious”. Morrisons is […]

June 29, 2012 · Home Based Jobs · Comments Closed
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Barratts announces 1,610 redundancies

Barratts Priceless stores are facing closure and administration.The administrator of troubled shoe chain Barratts Priceless has said it has made 1,610 employees redundant. The job losses are at the retailer’s concessions within other stores in the UK and the Republic of Ireland. Administrators Deloitte said selling the concession part of the business will “not be […]

January 16, 2012 · Home Based Jobs · Comments Closed
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