Flopshop: Arcadia Group brand Topshop’s sales drop over Christmas February 5, 2017 Sir Philip Green’s fashion brand Topshop suffered a like-for-like sales drop of nearly 11 per cent over Christmas, the most important shopping period of the year. The Sunday Times has reported that sales across the Arcadia Group as a whole, which includes Dorothy Perkins, Wallis and Evans, fell by about 6.5 per cent. The poor [...]
Online retailers including Asos and Boohoo set to be the winners of the festive season January 8, 2017 Retailers with a strong online offering are set to be some of the biggest winners of the festive season's trading, with analysts pencilling in sales jumps for Asos and Boohoo of 30 per cent and 46 per cent respectively. The City had been fearful that the festive period was a bloodbath for retailers after Next [...]
UK retail scores “solid yet unspectacular” end to 2016 January 10, 2017 Retailers are bracing themselves for a possible slowdown in consumer spending this year, but the sector ended 2016 in (relatively) good health, thanks to a strong performance on Christmas week. Like-for-like sales in UK retail increased one per cent year-on-year in December 2016, according to figures from the British Retail Consortium (BRC) and KPMG, improving from a [...]
After strong Christmas trading, Revolution Bars expects to hit its financial targets January 19, 2017 Revolution Bars said cheers to Christmas sales as it anticipates half-year results to 31 December will fall in line with the board's expectations. The figures In a trading update today ahead of its half-year results, the operator of 66 premium bars across the UK said like-for-like sales were up two per cent, while overall sales – [...]
Revenues up at Slug and Lettuce owner Stonegate Pub Company July 4, 2016 Slug and Lettuce and Yates owner Stonegate Pub Company toasted healthy double-digit revenue growth in its first-half results today. The figures Total revenue across Stonegate's 660 managed pubs and bars was up 12.8 per cent to £342m for the 28 weeks to 10 April, up from £303m in the first half of 2015. Like-for-like revenue increased [...]
Is Audioboom starting to prove doubters wrong? Revenue jumps after advertising stats leap March 3, 2017 Audioboom's share price rocketed more than 15 per cent this morning after revealing its advertising metrics had leapt over the last quarter, with a fourfold increase compared with the same period 12 months ago. The Aim-quoted firm generated 304 million advertising impressions over the last three months to the end of February, compared with 58m one year ago [...]
Over half of consumers expect to still be paying off Christmas shopping this time next year December 28, 2016 Nearly nine out of 10 people in the UK will wake up with a post-festive spending hangover in 2017, according to price comparison service uSwitch. Britons are heading into the new year with an average credit card debt of £636 after consumers put £11bn on plastic to fund Christmas. In a survey of 1,261 adults, uSwitch estimate [...]
132,000 tonnes of cargo will go through Heathrow this Christmas – with salmon and clotted cream among top exports December 18, 2016 Heathrow's expecting salmon and crocheted garments to bump up its export figures for the festive period. Many shoppers raced to get all of their Christmas shopping wrapped up ahead of the international postage deadline over the weekend and the UK's biggest airport is expecting a bumper month. Read more: Here's how Stansted is planning to gain [...]
Cost of the Christmas shop will be lower than it was three years ago December 5, 2016 Despite the worries about rising prices post-Brexit, the family Christmas shop is set to be cheaper this year than it was three years ago. Figures from the British Retail Consortium (BRC) and Nielsen showed that shop prices fell 1.7 per cent in November; the same level of deflation reported the month before. Read more: Chilly weather's [...]
Retail sales continue on upwards trend ahead of Christmas shopping season December 15, 2016 The amount Britons spent in November increased 5.9 per cent year-on-year, according to figures from the Office for National Statistics (ONS). At £34.2bn for the four-week period, retail sales in November were up 0.5 per cent as compared to October. This equated to an average weekly spend of £8.5bn. The ONS said retailers selling household goods had boosted their [...]