Retail lobby calls on coalition to scrap duty rise and freeze rates September 23, 2012 THE COALITION must rein in the costs it imposes on consumers and businesses, a retail lobby group said today, after years of weak growth in the sector. The delayed fuel duty increase must be scrapped, the British Retail Consortium (BRC) demanded, and business rates must be frozen in 2013 – after rising substantially in the [...]
Next posts profit but says late summer sales disappointing September 13, 2012 Fashion retailer Next posted a 10.2 per cent rise in first-half profit this morning, as it warned that sales in late summer had been “disappointing”. Profit at the retailer, which has over 500 stores in the UK and Ireland, climbed to £251m over the first half, while revenue increased 4.8 per cent to £1.6bn. Next [...]
Next posts profit but says late summer sales disappointing September 13, 2012 Fashion retailer Next posted a 10.2 per cent rise in first-half profit this morning, as it warned that sales in late summer had been “disappointing”. Profit at the retailer, which has over 500 stores in the UK and Ireland, climbed to £251m over the first half, while revenue increased 4.8 per cent to £1.6bn. Next [...]
Why the coalition must freeze rates on retail premises November 5, 2012 THERE IS nothing sexy about business rates. They don’t have much globe-trotting glamour and perhaps that’s part of the problem. As taxes go, they’re more a cup of tea than a café au lait. One of the government’s flagship business pledges is to make the UK the most competitive tax regime in the G20. It’s [...]
Shoppers face more costly food but cheaper non-food products September 4, 2012 SHOP PRICE inflation edged up in August, as non-food prices declined less than in July, according to an index released by the British Retail Consortium (BRC) yesterday. The overall index crept up to 1.1 per cent last month, up slightly from July’s one per cent – but well below the trend in the official consumer [...]
Heavy discounts on clothing helps lower shoppers’ costs October 2, 2012 SHOP PRICE inflation slowed down in September, data from the British Retail Consortium (BRC) and Nielsen showed yesterday, driven by falling prices for non-food goods. Overall, shop prices were up one per cent in September compared to the same month in 2011, whereas in August prices were up 1.1 per cent on the year before. [...]
Heavy discounts on clothing helps lower shoppers’ costs October 2, 2012 SHOP PRICE inflation slowed down in September, data from the British Retail Consortium (BRC) and Nielsen showed yesterday, driven by falling prices for non-food goods. Overall, shop prices were up one per cent in September compared to the same month in 2011, whereas in August prices were up 1.1 per cent on the year before. [...]
Burberry and WH Smith in the spotlight October 7, 2012 A RAFT of economic information due out tomorrow will shed light on whether the UK is gradually pulling out of its double-dip recession. The British Retail Consortium (BRC) will release its sales data for September, following a gloomy August where the Olympics failed to boost spending and like-for-like retail figures fell 0.4 per cent compared [...]
Paralympics lift footfall in West End by a fifth September 16, 2012 FOOTFALL in the West End surged by nearly a fifth during the Paralympic games compared to the year before as retail spending in the area bucked the August gloom, data out today reveals. Figures obtained by Springboard, which monitors high-street shopping numbers, shows footfall in the areas around Piccadilly and Leicester Square increased by 18.7 [...]
Paralympics lift footfall in West End by a fifth September 16, 2012 FOOTFALL in the West End surged by nearly a fifth during the Paralympic games compared to the year before as retail spending in the area bucked the August gloom, data out today reveals. Figures obtained by Springboard, which monitors high-street shopping numbers, shows footfall in the areas around Piccadilly and Leicester Square increased by 18.7 [...]