Articles about UK

Signet Jewelers see sales rise in the US
Photo credit: Kay Jewelers' Facebook Page

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.

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Tesco sales slated to fall yet again

Analysts on Tuesday revealed they expect Tesco to post a further fall in sales for its third quarter, as the UK’s biggest retailer continues to attempt to turn around profit.

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Poundland sets wheels in motion for £800m float

Poundland’s owner has started preparing the retailer for a floatation in the early part of 2014, that could value the company at up to £800 million.

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Christmas online sales set to jump 20% from last year to £5bn

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.

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Retailers gear up for Mega Monday

Batton down the hatches: Mega Monday is coming. As UK retailers enter their peak trading period for the year, new research from Barclays bank puts 2 December at the eye of this year’s shopping storm.

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Barratts enters administration for the third time in four years
Photo credit: Barratts

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.

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"Mid-sized companies generate more for the economy than small or large companies," according to Grant Thornton
Photo credit: My-Retail Media

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.

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Blockbuster halts US operations with 300 store closures
Photo credit: Blockbuster

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.

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John Lewis tops 100 most trusted brands

Homegrown brands are having a moment, as a new study finds nine out of the top ten most trusted firms in the UK are British.

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Britons lead the e-commerce revolution
Photo credit: My-Retail Media

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.

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