Tag: Retail Sector



Oxford Street gears up for £500m London Fashion Week Bonanza

Posted on 10 September, 2014 by Kirsten Kennedy under Business News

Fashion Week is one of the biggest events in the London calendar, with designers from all over the world converging in the nation’s capital to showcase their latest pieces. Attracting numerous prominent celebrities and fashion-forward visitors each year,... Read More

Mamas & Papas seeks Rent Cut under controversial CVA

Posted on 22 August, 2014 by Kirsten Kennedy under Business News

Although consumers are starting to spend once more, some retailers are continuing to struggle to achieve targets and free themselves of debt. One such retailer is upmarket maternity, pram and babywear specialist Mamas & Papas, which has now announced it... Read More

Morrisons extends Opening Hours in bid to halt Falling Sales

Posted on 19 August, 2014 by Kirsten Kennedy under Business News

As the supermarket price war rages on, the biggest brands in the country are turning to online and convenience stores as a means of winning customers from rivals. However, Morrisons has now added a new dimension to the competition by announcing it will now... Read More

Commonwealth Games provide Glasgow Retail Boost

Posted on 9 August, 2014 by Kirsten Kennedy under Economy

The Olympic Games in London proved to be hugely beneficial for the capital with higher tourism levels, an increase in business opportunities and higher spending recorded during the event and since. Now, it appears that the Commonwealth Games may have had just... Read More

Going Dutch: HEMA plans to take on UK Discounters

Posted on 28 July, 2014 by Cliff Goodwin under Business News

After 18 months of planning the Dutch budget retailer HEMA — which already has 660 outlets across Europe — has opened its first two stores in the UK, with a promise of a third before the end of the summer. Placed somewhere between Ikea and the now... Read More

Muddled Retail Statistics reveal little about Strength of Recovery

Posted on by Kirsten Kennedy under Economy

In recent months a wealth of statistics has been used to demonstrate improving conditions on the high street. The fact that much of this evidence appears contradictory only adds to the feeling that the retail recovery remains subject to sharp turns and sudden... Read More

Consumer Confidence continues to grow in West Midlands

Posted on 23 July, 2014 by Kirsten Kennedy under Economy

The latest research from accountancy and advisory firm Deloitte indicates that consumer confidence is steadily improving and is now four points higher than a year ago. The improvement has been particularly good in the West Midlands, an area where the level of... Read More

Sports Direct targets International Expansion following Record Breaking leap in Profits

Posted on 17 July, 2014 by Kirsten Kennedy under Business News

For several years now the Sports Direct chain founded by Newcastle United owner Mike Ashley has been a dominant force in the British retail industry, with a raft of high street openings and numerous brand acquisitions propelling it to massive success. Yet... Read More

Interest Rate Fears dampen June Retail Sales

Posted on 16 July, 2014 by Kirsten Kennedy under Economy

Retail sales have been steadily growing since the end of 2013 with uplift in consumer confidence together with a hike in real wages creating a more positive environment for retailers. However, the latest figures from the British Retail Consortium (BRC) and... Read More

Shop Prices Fall at Fastest Rate in 8 Years says BRC

Posted on 10 July, 2014 by Kirsten Kennedy under Economy

Although the economic improvements have led to an increase in consumer spending, retailers are now facing a new problem; increased competition within the retail industry from both discounters and their market rivals. This has seen stores dropping prices in a... Read More