News@Nine FRIDAY 4TH SEPTEMBER 2015
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High street sales tumble to lowest level since 2008 crisis


4 September | 05:31 AM | Telegraph | Retail & Consumer

Britain’s retailers suffered a wash-out in August after recording the worst slump in sales since November 2008, when consumers reacted to the financial crisis by clamping their wallets shut. Despite widespread enthusiasm for a return in consumer confidence, retail sales dropped by 4.3pc in August compared to the same month last year, according to figures from BDO’s high street sales tracker. The drop is even steeper than the 1.1pc fall in July and means that sales have fallen every month since May for the first time since 2009. The survey of around 85 medium-sized retailers, such as Gap, French Connection and Hobbs, with around 10,000 outlets, showed that all retail sectors including lifestyle, fashion and homewares recorded lower sales than last year.

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German sales help Dyson profit leap 13%


Selling cordless vacuum cleaners and bladeless fans to the Americans and Japanese — and increasingly to Germans, the home market of some of its bitterest rivals — has enabled Dyson Group to report a 13 per cent leap in profits.

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Net-a-Porter founder Natalie Massenet fashions a £100m payout as she quits business


Net-a-Porter founder Natalie Massenet has secured a £100million payday as she quits the luxury fashion business following a clash with its new owners.

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Co-op finally heads back into the black after sales at its convenience stores rise


The recovery at funeral homes and supermarket owner The Co-op Group appears to be on track after rising sales at its convenience stores – as well as an ‘unprecedented death rate’ – helped push it back into the black.


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Apple files new patent for fuel cell battery that could last weeks


Apple has filed a renewed patent for a fuel cell battery that could power its devices "for days or even weeks", a potential step on the way to ending battery life issues.

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Quiksilver puts itself up for sale


Quiksilver is about to go down, as it no longer appeals to surfers and athletes. Even youngsters have left the once fashionable brand and have turned their attention to the cheaper and fast-changing collections that chains like H&M and Zara crank out.

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Sobering results for drinks giant Diageo reveals problems of sustainability targets


One of the most vocal champions of corporate target setting is the global drinks firm Diageo, which in 2008 laid out a raft of commitments to achieve by this year.


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