Tag: Retail Sector



Business Rates to be capped in Autumn Statement

Posted on 4 December, 2013 by Kirsten Kennedy under Business News, Industry News

In recent months, the campaign to freeze business rates, or overhaul the system entirely, has been stepped up by retail and property bodies as Chancellor George Osborne prepares to release the details of his Autumn Statement. However, the BBC has... Read More

Black Friday forecast to trigger Christmas Spending Spree

Posted on 28 November, 2013 by Kirsten Kennedy under Business News

The official start of the Christmas shopping season is upon us, with the UK following in the footsteps of the USA by celebrating Black Friday tomorrow. Traditionally, Black Friday occurs the day after Thanksgiving and sees US retailers offering their... Read More

New Look becomes Latest Retailer to Confirm Chinese Expansion

Posted on 18 November, 2013 by Kirsten Kennedy under Business News, Worldwide Property News

UK retailers are experiencing something of a boom in sales at present, with the British economy picking up and yielding some positive results in the retail industry. Yet for many, the slow pace of growth has left them keen to chase a higher volume of sales in... Read More

Survey calls British Consumers Guiltiest Spenders in Europe

Posted on 16 November, 2013 by Kirsten Kennedy under Economy

With Christmas fast approaching, British consumers will soon enter into a frenzy of shopping to pick up gifts for their family and friends. However, it seems that while we Brits enjoy spending hard earned cash on our loved ones, we are a little more reluctant... Read More

British Businesses Top Most Trusted List

Posted on 15 November, 2013 by Kirsten Kennedy under Business News

With economic recovery in full swing and Christmas looming, British consumers have begun spending in earnest once more. This is good news for the retail industry, especially for brands that have a strong consumer following and are known for reliability and... Read More

Marks and Spencer reveals Ambitious Indian Expansion Plan

Posted on 14 November, 2013 by Kirsten Kennedy under Business News, Worldwide Property News

In recent years, it is fair to say that Marks and Spencer has somewhat fallen out of favour with British consumers. While the brand’s food division remains relatively popular, the chain’s clothing line has experienced falling sales and criticism from... Read More

M&S Non-Food Sales Decline

Posted on 9 November, 2013 by MOVEHUT under Business News

Marks and Spencer this week reported another fall in non-food sales. Like-for-like sales dropped by 1.5 per cent compared with the same period last year. Food sales increased by 2.5 per cent, leaving pre-tax profits virtually unchanged at £280.6m.... Read More

Early Christmas Shoppers give Boost to Retailers

Posted on 8 November, 2013 by MOVEHUT under Business News

Pre-Christmas sales have given retailers a small boost in October, with shoppers bringing a little early festive cheer to the high street. Figures compiled by the British Retail Consortium (BRC) and KPMG, showed total sales increased by 2.6 per cent in... Read More

Online Retailers put their Faith in Bricks and Mortar

Posted on 7 November, 2013 by Kirsten Kennedy under Business News

Although online shopping has become a huge part of the retail industry, recent moves to save the high street have meant that a growing number of consumers are once more turning to the traditional bricks and mortar stores which still play a role in community... Read More

Strong Third Quarter allows Next to up Profits Forecast

Posted on 4 November, 2013 by Kirsten Kennedy under Business News

Fashion retailers have faced something of a struggle over the past two years as, on top of fluctuating consumer confidence levels, the high street has been plagued with almost constantly unseasonable weather which has seen retailers’ schedules disrupted.... Read More