Retail sales rise as prices slashed December 20, 2011 Retail sales unexpectedly rose at their fastest pace since May in December, as retailers slashed prices to lure in shoppers, a survey by the Confederation of British Industry showed. The CBI distributive trades survey’s reported sales balance jumped to +9 from -19 in November, the highest since May. Analysts had expected a more modest improvement [...]
Retail sales rise as prices slashed December 20, 2011 Retail sales unexpectedly rose at their fastest pace since May in December, as retailers slashed prices to lure in shoppers, a survey by the Confederation of British Industry showed. The CBI distributive trades survey’s reported sales balance jumped to +9 from -19 in November, the highest since May. Analysts had expected a more modest improvement [...]
Retail sales rise as prices slashed December 20, 2011 Retail sales unexpectedly rose at their fastest pace since May in December, as retailers slashed prices to lure in shoppers, a survey by the Confederation of British Industry showed. The CBI distributive trades survey’s reported sales balance jumped to +9 from -19 in November, the highest since May. Analysts had expected a more modest improvement [...]
Rating agencies are still far too soft January 16, 2012 MANY people have been outraged by Standard & Poor’s downgrades of so many countries, including France and Austria – and last night, of the European bailout fund itself, now no longer backed by enough AAA-nations to be deemed safe. But those who are angry are deluding themselves. The only scandal is why it has taken [...]
Tough Christmas looms despite retail sales lift November 17, 2011 AGGRESSIVE price cuts led to a surprise jump in retail sales last month, yet separate data suggests that high street stores are set for a tough Christmas. Sales volumes in October were up 0.9 per cent compared the same time last year, the Office for National Statistics (ONS) revealed yesterday. The value of sales, boosted [...]
Tough Christmas looms despite retail sales lift November 17, 2011 AGGRESSIVE price cuts led to a surprise jump in retail sales last month, yet separate data suggests that high street stores are set for a tough Christmas. Sales volumes in October were up 0.9 per cent compared the same time last year, the Office for National Statistics (ONS) revealed yesterday. The value of sales, boosted [...]
Amazon tops customer satisfaction table October 28, 2011 Amazon has retained its crown as Britain’s favourite retailer in an annual consumer poll. Satisfaction with the company’s service even increased over the past year, according to the Nunwood Customer Experience 100 survey. Amazon beat off the challenge of second place John Lewis and third place Virgin Atlantic, which was marginally ahead of competitor Emirates. [...]
John Lewis sales fall sparks retail fears March 18, 2011 Sales figures from the John Lewis department stores show a “substantial softening in trade”, economists have said, as consumer confidence falls and the VAT rise takes effect. The latest weekly sales data shows a 1.8 per cent year-on-year fall in the week to 12 March and leaves department store sales up just 1.6 per cent [...]
John Lewis in growth plan as profit lifts March 9, 2011 THE chairman of the John Lewis Partnership (JLP) yesterday said he planned to more than double the size of the company in the next ten years as the retailer unveiled bumper results. John Lewis saw profits rise by 20 per cent to £367.9m last year. Like-for-like sales across the John Lewis Group – which includes [...]
High street is hit by plunge in customers November 20, 2011 THE UK’s high streets have suffered the sharpest drop in footfall since last December’s freezing weather, new research reveals, painting a gloomy retail picture ahead of the crucial Christmas trading period. Footfall in stores and shopping centres across the country fell by 2.3 per cent between August and October compared with the same period last [...]