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Parliament demands supermarkets explain confusing pricing policy Tuesday, 21st May 2013
Representatives of the UK’s leading supermarkets are being summoned to parliament on Tuesday, to explain confusing and misleading “unit prices” on food and drink products. Consumer affairs minister, Jo Swinson, will meet representatives at the Department of Business to discuss inconsistencies in their promotional items, which in some cases mislead and confuse customers into buying products that do not represent value for money.
WH Smith voted worst store by consumers Friday, 17th May 2013
Consumer watchdog Which? has found that WH Smith is Britain’s worst store, according to a consumer poll of 100 high street brands. At the other end of the scale, Apple were crowned the best store knocking off last year’s winner Lush, who finished a respectable second, with the Disney Store coming in at third.
BRC report shows UK retailers suffered sales drop in April Wednesday, 8th May 2013
Weather has had a huge influence on retailers as fashion sales were weak in the early stage of the month but consumer spending revived as spring arrived.
Kate Spade sales up 22% as Fifth & Pacific narrows losses Thursday, 2nd May 2013
Kate Spade and Lucky Brand owner Fifth & Pacific Cos. Inc., on Thursday posted upbeat first quarter results after managing to narrow its loss from last year. In the three months to 30 March, net loss came in at USD 52.2 million, or 44 cents a diluted share for Fifth & Pacific, an improvement on the USD 60.6 million, or 60 cents a share recorded a year ago.
‘Lipstick effect’ brings boost in beauty sales Friday, 26th April 2013
Long-dubbed the ‘lipstick effect’ for the rise in beauty sales correlating to a dip in consumer confidence, it seems British shoppers are still resorting to small luxury purchases to boost their mood. The latest report from Mintel found spending on beauty and personal care products has increased 11 per cent since the beginning of the credit crisis in 2007.
High streets report sales dip for unseasonably cold March Monday, 8th April 2013
The formidably cold March weather dampened high street sales and increased the likelihood that Britain will enter a “triple-dip” recession, according to data released by BDO.
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.