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March shop price inflation up 1.4% Wednesday, 3rd April 2013
New figures show shop prices in March rose at the fastest rate since December as the cost of non-food goods increased for the first time in over a year. According to the latest results from the British Retail Consortium (BRC), shop price inflation rose 1.4 per cent overall last month, up from 1.1 per cent in February.
Shop price inflation nearly doubles for February, despite food inflation at five-month low Wednesday, 6th March 2013
The latest results from the British Retail Consortium (BRC) - Nielsen Shop Price Index have found shop price inflation nearly doubled in February, despite food inflation falling to a five-month low. The BRC on Wednesday announced overall shop price inflation rose from 0.6 per cent over the year to January to 1.1 per cent over the 12 months to February.
UK shop price inflation falls to 38 month low for January Wednesday, 6th February 2013
Shop prices in the UK experienced the slowest-rate of growth in more than three years as post-Christmas sales eased household spending. The latest results from the British Retail Consortium (BRC) and Nielsen found shop price inflation fell to 0.6 per cent in January from 1.5 per cent in December.
Apple rumoured to be working on a cheaper iPhone Wednesday, 9th January 2013
Photo credit: Apple Inc. Apple Inc could be working on a lower-end iPhone as it looks to compete with its aggressively-priced smartphone rivals. According to the Wall Street Journal, people briefed on the matter have said a plan to develop a cheaper device is progressing, with a less expensive version of its flagship iPhone possibly entering the market later this year.
Apple Inc.'s iPhone 5.
Fall in Hugo Boss share price damages SVG Capital Tuesday, 23rd October 2012
The knock-on effect of a slowdown in the global luxury sector is still claiming victims, as a sharp fall in Hugo Boss’ share price saw SVG Capital drop into reverse for its third quarter. Shares in Hugo Boss, SVG’s largest single holding, fell 12 per cent in the last three months, denting SVG’s net asset value with a 4.4 per cent drop to 361.8p a share.
Billabong confirms sales talks still ongoing, despite TPG’s ‘concerns’ Thursday, 4th October 2012
Billabong was this week forced to issue a statement confirming talks are still underway with TPG, over a potential sale of the group. According to the Financial Times, the Australian sportswear retailer denied the deal had been called off, although it did admit TPG had raised concerns over a number of issues during its due diligence investigations of Billabong.
Full of festive cheer: Poundland to take on 2,000 extra staff for Christmas Monday, 24th September 2012
Poundland is set to hire an additional 2,000 seasonal workers over the peak Christmas period, with plans to open ten temporary stores in the run up to 25 December. “Christmas is a really busy time for Poundland and we’re thrilled, especially when employment figures are so low, that we can offer even more people a job over the festive period,” said chief executive Jim McCarthy in a report by the Grocer.
Primark “thriving” with annual sales up 15% Monday, 10th September 2012
Strong trading in the UK and Europe saw total sales at Primark rise 15 per cent for the year to 15 September. Primark owner Associated British Foods (ABF) said like-for-like sales at the fast fashion chain had risen 3 per cent over the year. "June, July and August have been great for Primark in the UK.” ABF finance director John Bason said on Monday.
Analysts buoyed by Debenhams performance Monday, 10th September 2012
New leadership and a strenghtened growth strategy has given analysts and investors renewed confidence in the Debenhams, with Singer Capital Markets this morning raising its target price for the retailer. The upgrade comes after analysts and investors were invited to visit with management on Friday at Debenhams’ Milton Keynes store, where it was able to showcase a number of strategic changes made to the business during the down-turn.
UK inflation up 2.6% Tuesday, 14th August 2012
Analysts see surprise jump in UK inflation as clothing retailers cut down on seasonal discounts. Consumer price inflation rose 2.6 per cent from 2.4 per cent in June, in an unexpected turn for economists who had forecast a fall. The Office for National Statistics attributed the jump to a rise in airfares (growing 21.7 per cent month-on-month), housing costs and less discounting by retailers in the wake of bad weather.