Royal Baby 2.0: Here’s how Prince George’s birth affected the economy April 27, 2015 So the joyous news has been announced, and the Duchess of Cambridge has given birth again. After rather less frenzied media coverage than last time, the Princess of Cambridge was born this morning at 8.34am. Could the birth of a child affect the economy? Here's what happened last time… 1. Retail sales rose In the [...]
Deflation sets in as shop prices fall even faster April 7, 2015 Shop prices fell at a record pace in March, with clothing and electrical prices diving, and food prices falling faster than ever before. Overall prices fell by 2.1 per cent on the year, according to the British Retail Consortium (BRC), with food prices falling by 0.9 per cent. Those are both the fastest declines in [...]
Retails sales increase in UK after fall in 2014 March 9, 2015 UK retail sales increased by 0.2 per cent on a like-for-like basis compared with February 2014) – when they had decreased one per cent on the previous year – according to the British Retail Consortium (BRC). Overall, sales were up 1.7 per cent against a 0.7 per cent rise in February 2014. “After the bustle [...]
Clothing bargains lead to 22nd month of shop price deflation March 3, 2015 FALLING prices of non-food items such as clothing and DIY goods have dragged overall shop prices down for the 22nd month in a row. Figures released by the British Retail Consortium (BRC) and Nielsen today show that shop price deflation accelerated to 1.7 per cent in February after falling by 1.3 per cent in January. [...]
Shoppers spend petrol savings on new clothes February 9, 2015 BARGAIN-HUNTING British shoppers splashed out in January, transferring their savings from lower food and petrol prices towards other spending, the British Retail Consortium (BRC) said today. Total retail sales in January were up 1.6 per cent on the year, with food up 0.2 per cent and non-food sales up 2.7 per cent Clothing, toys and household [...]
Shoppers likely to be pausing after 2014 spree – London Report March 9, 2015 BRITISH Retail Consortium (BRC) retail sales figures for February are likely to show shoppers took a pause after a spending spree in the fourth quarter of last year. The figures, due out overnight tonight, are forecast to follow similar data from the Confederation of British Industry, which showed softer spending in February. The CBI data [...]
New BHS owners Retail Acquisitions seek £70m refinancing to revive troubled chain bought from Sir Philip Green for just £1 August 23, 2015 The new owners of BHS are in talks to secure a refinancing package to help turn around the loss-making chain bought from Sir Philip Green earlier this year. Retail Acquisitions, a consortium comprising an eclectic mix of investors including former racing driver Dominic Chappell, is understood to be seeking a £70m loan by the end [...]
Consumers set for a win-win in 2015 as competition pushes down prices February 3, 2015 Food prices have fallen by the steepest amount on record, figures released today show. Food prices dropped by 0.5 per cent year-on-year in January, down from 0.1 growth in December, according to data released by the British Retail Consortium (BRC). Meanwhile, overall shop prices saw deflation for the 21st month in a row. Shop prices [...]
High street suffers Black Friday hangover as retail sales drop January 12, 2015 RETAILERS were hit by a slowdown in sales over Christmas after the Black Friday shopping bonanza pulled forward holiday spending into November. Like-for-like sales dropped by 0.4 per cent compared to the same month a year ago, according to the latest data from KPMG and the British Retail Consortium (BRC). Total sales were up one [...]
Retail parks win war for shoppers December 11, 2014 THE HIGH street is losing in the battle for shoppers as it succumbs to retail parks. Footfall increased by 0.8 per cent year-on-year in retail parks in November, according to figures released today by Springboard and the British Retail Consortium. However, the high street saw footfall decline by four per cent year-on-year. “The results clearly indicate [...]