Co-op buys David Sands shops after strong trading January 10, 2012 SUPERMARKET chain the Co-operative Group reported strong trading figures for the four weeks to 31 December yesterday, as it announced it had bought 28 convenience stores in Scotland from the David Sands group. Co-op, run by chief executive Peter Marks, has previously said it wants to increase the number of stores it runs across Britain [...]
Co-op buys David Sands shops after strong trading January 10, 2012 SUPERMARKET chain the Co-operative Group reported strong trading figures for the four weeks to 31 December yesterday, as it announced it had bought 28 convenience stores in Scotland from the David Sands group. Co-op, run by chief executive Peter Marks, has previously said it wants to increase the number of stores it runs across Britain [...]
High street has its worst sales growth since May December 6, 2011 SALES on the British high street dwindled to their lowest level of annual growth since May last month, despite retailers slashing prices to try and drum up a pre-Christmas rush. Figures from the British Retail Consortium showed that like-for-like sales volumes were 1.6 per cent lower than a year ago in November, though total sales [...]
Retailers’ warning: more woes to come January 8, 2012 RETAILERS fell into administration at a faster rate last year, with a leading industry body warning that tax hikes will see even more high street stores going bust in the months to come. Retail administrations totalled 183 in 2011, according to data released today by Deloitte — an 11 per cent rise on the previous [...]
Miners buoy FTSE as Greece remains on knife edge February 8, 2012 The FTSE 100 opened on the front foot this morning as investors continued to cling onto hopes that Greece could be steered away from financial meltdown. Greek party leaders were set to meet again today to hammer out a reform deal in return for the new €130bn rescue from the IMF and EU. Leaders of [...]
Retailers hit as consumers cut spending December 18, 2011 RETAIL sales are continuing to slump as consumer spending power is hit by inflation, government spending restraint and the Eurozone crisis, according to research published yesterday by the Centre for Economics and Business Research (CEBR). Spending is down 1.7 per cent compared with November, the CEBR claims, and down 0.3 per cent on last December [...]
Retailers say Portas could limit growth December 13, 2011 RETAILERS and landlords have questioned calls by retail expert Mary Portas for measures that would stall out-of-town developments and create a “level playing field” with town centres. In her long-awaited high street review commissioned by the Prime Minister in May, Portas said Britain’s high streets had reached “a crisis point” and warned they could “disappear [...]
Stores worried by decline in footfall December 14, 2011 THE LEVEL of Christmas sales this year remains “on a knife edge” as retailers nervously wait to see if consumers will splash their cash in the final run up to the big day. Earlier this month people flooded to shops to spend their November pay packages, yet the subsequent week saw a demoralising drop in [...]
Price war cut food inflation December 6, 2011 CUSTOMERS are benefiting from intense competition between supermarkets, according to data out today from the British Retail Consortium. Food price inflation fell for a second consecutive month to 4.0 per cent in the year to November, compared with 4.2 per cent in October. Overall shop prices rose 2.0 per cent in the twelve-month period, down [...]
CITY MOVES | WHO’S SWITCHING JOBS December 18, 2011 The Miles Partnership Sue Shipley is to join the search firm as a partner to specialise in retail. Shipley was previously the global practice leader at Odgers Berndtson, where she led successful searches for the chief executives of Primark and Thorntons, the managing director of Wickes, and the director general of the British Retail Consortium. [...]