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Mixed bag for BRC results as both footfall and shop vacancy rates rise Monday, 20th May 2013
The latest results from the British Retail Consortium revealed footfall on the high street rose 3.4 per cent year-on-year in April, the biggest increase since the run up to Christmas 2011. According to the results, which were compiled by the BRC and Springboard, the high street saw significantly more visitors in the month, compared with a 0.3 per cent rise in footfall for out-of-town centres, and a 3 per cent drop in shopping centres.
Selfridges launches 'click and collect' service and gears up for global trading Tuesday, 7th May 2013
Selfridges are set to launch their first ever ‘click and collect’ service on May 9. The service will be available for all of their four bricks-and-mortar stores, which include London Oxford Street, Manchester Trafford and Manchester Exchange Square and its Birmingham store situated in the Bullring.
Relentless spring for retailers as BRC finds retail prices rise at slowest rate in over three years Tuesday, 7th May 2013
The latest figures released by the British Retail Consortium and Nielsen find a toxic mix of bad weather, supermarket promotions and long-standing economic pressures led to prices in high street stores rising at their slowest rate in three and a half years. Food prices fell 0.4 per cent in April, while non-food prices dropped 1.1 per cent compared with March to a rate last seen in November 2009.
Is House of Fraser next on the Qatari takeover? Monday, 6th May 2013
Speculation that House of Fraser could be taken over by Qatari investors surges as sources say a deal could be worth more than £300 million. Citing City sources, the Daily Mail this weekend reported Qatari investors had been involved with talks concerning the acquisition of House of Fraser for several weeks.
Primark “shocked and deeply saddened” by Bangladesh factory tragedy, as fatalities rise to 161 Thursday, 25th April 2013
A number of high street retailers have been linked to the companies operating within the Bangladeshi building that collapsed on Wednesday, tragically killing at least 161 people and injuring over 800 others. The eight-story building, Rana Plaza, which housed four garment units, a bank branch and around 300 shops reportedly came crashing down during the early morning rush hour in Savar.
Total sales at Primark rise by 24% Tuesday, 23rd April 2013
Associated British Foods’ fast fashion retailer Primark on Monday announced total sales rose by 24 per cent in the six months to 2 March. Like-for-like sales, which strip out the effect of new store openings, rose 7 per cent for the retail chain. Overall, AB Foods reported half-year pre-tax profits of £415 million, up 26 per cent from a year before.
Debenhams reveals new expansion plans Friday, 19th April 2013
Debenhams is reported to have identified up to 70 high streets and shopping centres where it hopes to open outlets and expand its UK store portfolio. After reporting back this week on a tough half which saw profits fall 5.4 per cent, Debenhams is now thought to be re-evaluating its presence on the high street, looking to add up to 70 new stores to its current portfolio.
Freezing weather causes footfall in Scotland to decrease 3.8% during March Monday, 15th April 2013
Statistics from the British Retail Consortium have shown that footfall in Scottish shops decreased by 3.8 per cent in March. The high street was the area most impacted by the cold temperatures, with a drop in sales of 7 per cent compared to a 2.4 per cent decrease in Scottish shopping centres. Helen Dickinson, the director general of the BRC, stated on the company’s website that “The prolonged cold was the main culprit for deterring shoppers, especially compared against the far milder March of 2012.
Thorntons says full year profit should beat expectations thanks to Easter trade Wednesday, 3rd April 2013
Easter eggs on the production line at Thorntons. British chocolatier Thorntons PLC on Wednesday said full year profit should beat market expectations after “satisfactory” trading over Easter, Mother’s Day and Valentine’s Day. Thorntons said it expects pre-exceptional profit before tax for the year ending 29 June to come in above the current market expectations of £3.1 million.
High street footfall increases by 2.7 per cent Monday, 18th March 2013
A new report published by The British Retail Consortium and Springboard has revealed an increase of 2.7 per cent in the number of high street shoppers last month, as overall footfall increased by 0.8 per cent compared to last year. The increase was accompanied by a fall in the number of consumers at shopping centres and out-of-town locations, which decreased by 1.5 per cent and 1.6 per cent respectively.