Christmas spending set to break £10bn barrier for first time Tuesday, 5th November 2013
Online spending in December is expected to pass the £10 billion mark for the first time, rising 15 per cent on last year’s results.
Smartphones spur on fastest-ever growth for online September sales Thursday, 17th October 2013
Spending on smartphones rose by an impressive 150 per cent in September, boosting an overall 13 per cent increase in internet shopping since August.
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.
‘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.
Retailers widen the real estate net as Soho, Kensington and Tottenham Court Road grow in popularity Monday, 25th February 2013
While Oxford Street and Bond Street continue to demand some of the highest rent rates in the world, it seems retailers are increasingly looking further afield for central locations. According to new research from Savills reported by the Telegraph, rents in areas such as Tottentham Court Road, Kengington High Street and Lower Regent Street could grow by 30 per cent to 50 per cent in the next few years, as retailers continue to clamour for space in the centre of the capital.
Decline in demand for retail space set to continue Tuesday, 29th January 2013
The high street suffers another blow as new research forecasts further falls in rental values. A survey released on Tuesday by the Royal Institution of Chartered Surveyors’ (RICS) found a 13 per cent fall in the net balance of businesses looking to rent retail premises in the final three months of 2012, after an 18 per cent fall in the previous quarter.
Britons expected to spend £86bn this Christmas Tuesday, 13th November 2012
John Lewis premiered its Christmas campaign over the weekend. Retail spending over Christmas is expected come in above last year, with Britons spending a total of £86 billion over the festive period. New research from SAS UK and Verdict find retail spending will rise 1 per cent on 2011’s figures, despite Britons having less disposable income for presents.
“Retailers in distress” closing more than 30 chain stores a day Thursday, 18th October 2012
New research finds struggling retailers in the UK closed 32 stores a day in July and August, as over-expansion and inflexible terms with landlords forced companies to close the doors on their high street locations. The results from Local Data Company (LDC) on behalf of PricewaterhouseCoopers (PwC) found a huge step up from last year’s levels, when only 174 stores closed for the whole of 2011.
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