London sales up after ash crisis ends… June 13, 2010 SALES in London bounced back last month as flights returned to normal after the volcanic ash cloud that left thousands of tourists stranded. Figures from the British Retail Consortium showed sales soaring by 11.6 per cent in May compared to the same month last year. That compared with a meagre 0.8 per cent increase across [...]
London sales up after ash crisis ends… June 13, 2010 SALES in London bounced back last month as flights returned to normal after the volcanic ash cloud that left thousands of tourists stranded. Figures from the British Retail Consortium showed sales soaring by 11.6 per cent in May compared to the same month last year. That compared with a meagre 0.8 per cent increase across [...]
Retail sales rebound after World Cup boost June 8, 2010 RETAIL sales bounced back in May – fuelled by warmer weather and TVs for the World Cup according to official figures. The British Retail Consortium said sales last month was 0.8 per cent higher than a year ago on a like-for-like basis, a big improvement on the 2.3 per cent decline recorded in April. Total [...]
Businesses tell government to avoid knee-jerk tax hikes June 6, 2010 BUSINESS organisations will today call on the government to avoid knee-jerk tax rises in the emergency Budget later this month. In a report published today, City lobby group London First warns the UK is losing its reputation as a business-friendly location thanks to a series of surprise tax rises. John Dickie, director or strategy and [...]
TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]
TV purchases boost retail sales in May June 17, 2010 FOOTBALL-CRAZY Britons splashing out on new televisions ahead of the 2010 World Cup gave retail sales a much-needed boost in May. The healthy 0.6 per cent gain last month contradicted the surveys from the CBI and the British Retail Consortium (BRC), which pointed to much weaker growth in sales. The Office of National Statistics (ONS) [...]
Retailers hit hard by card transactions June 14, 2010 PUNITIVE handling fees mean that accepting payment by card rather than in cash can cost a retailer up to 16 times more, according to the annual Cost of Collection Survey from the British Retail Consortium (BRC), which is published today. The survey, which covers 53 per cent of total UK retail sales in 2009 and [...]
Our nation of shoppers is not about to quit the habit yet July 14, 2010 SINCE the onset of the recession, the pressure has increased to turn the UK economy into a manufacturing centre of excellence and at the same time become a nation of savers. But has the nation really turned its back on its former favourite pastime, shopping? Well, the hard data would suggest no. According to the [...]
Sunny skies help retail sales in May June 7, 2010 SUNNY weather and preparations for the World Cup helped retail sales rise on a like-for-like basis in May, but nervous consumers are still holding off on purchases of big-ticket items, the latest survey from the British Retail Consortium (BRC) reveals today. On a like-for-like basis, retail sales values rose 0.8 per cent in May on [...]
BRC: VAT hike will destroy 163,000 jobs May 26, 2010 RAISING VAT to 20 per cent would cost thousands of jobs and pull billions of pounds of consumer spending out of the economy, the British Retail Consortium warned today. Cautioning chancellor George Osborne there is no “silver bullet” to reduce Britain’s budget deficit without harming the recovery, the BRC said hiking VAT from its current [...]