Signet Jewelers see sales rise in the US Wednesday, 27th November 2013
The largest specialty retail jeweller in the US and UK, Signet Jewelers Limited, has seen sales in the third quarter rise 7.7 per cent thanks to a strong performances from its Kay Jewelers stores. Sales in the 13 weeks ending November 2 increased to USD 771.4 million – up from USD 716.2 million a year ago.
Christmas online sales set to jump 20% from last year to £5bn Monday, 25th November 2013
Online sales this Christmas are now forecast to hit £5 billion, up nearly 20 per cent on last year’s results, as retailers gear up for some of the busiest internet shopping days of the year.
Barratts enters administration for the third time in four years Monday, 11th November 2013
Another high street retailer has bitten the dust this week after it emerged that British footwear company, Barratts, went into administration on Monday. Barratts currently operates 75 stores and 23 concessions across the UK, employing 1,035 people. Despite those jobs now being under threat, the news will come as little surprise to a firm which has been in this position three times in the last four years.
"Mid-sized companies generate more for the economy than small or large companies," according to Grant Thornton Monday, 11th November 2013
Britain’s mid-sized companies have grown 5 per cent over the past five years, according to a report compiled by Grant Thornton, outperforming both small and large corporations. Grant Thornton, one of the world’s leading organisations of independent assurance, tax and advisory firms, said that mid-sized businesses (MSBs) grew 5.4 per cent, compared with 0.7 per cent for SMEs and 2.4 per cent for large companies.
Blockbuster halts US operations with 300 store closures Thursday, 7th November 2013
Blockbuster’s woes on the high street continue with the announcement that 300 Blockbuster Video rental stores across the US are set to close by early January. It’s thought that up to 2,800 jobs will be lost as a result of the closure. The company – which was bought by Dish Network in the US and Gordon Brothers Europe in the UK – last week announced that its UK operations will also cease trading.
Britons lead the e-commerce revolution Tuesday, 5th November 2013
A study by the British Retail Consortium has found that almost £1 in every £5 is spent through computer, tablets and smartphones, making Britain by far and away the most tech-savvy nation in the world when it comes to online shopping. Retail spending made via the internet and excluding food accounts for 18.3 per cent of all retail spending, according to the BRC’s figures.
Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Shopping Store Tesco UK china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group luxury morrisons my online online retail people profit property retail industry retail property retailer sale sales supermarket waitrose