Weather bomb takes its toll on retail in the run up to Christmas December 14, 2014 Snow and rain across the north of Britain last week, the so-called weather bomb, took its toll on retail footfall as the number of shoppers heading to stores fell by 2.2 per cent. Retail parks shrugged off most of the drop with footfall rising 1.6 per cent during the week ending 13 December, but the [...]
Tesco in further turmoil after profits tumble December 9, 2014 Investors fled for cover yesterday as Tesco warned on profits for the fourth time in five months, raising fears in the City that the ailing supermarket could become a takeover target. Analysts at investment bank Espirito Santo compared Tesco’s demise to that of Sears in 2004, when the US retailer – once the [...]
Asos sales slow as strong pound dampens international growth December 9, 2014 Online fashion retailer Asos suffered a slowdown in sales in the first quarter of the year, after the strong pound dented its international business. The company said its total retail sales rose eight per cent to £246m in the three months to 30 November, down from a 15 per cent rise the previous quarter. [...]
John Lewis sales remain strong following bumper Black Friday December 9, 2014 The UK’S largest department store group John Lewis saw sales grow 10.8 per cent to £160m last week compared with the same week last year, with colder weather boosting sales of knitwear. Due to the roaring trade during Black Friday the week before, John Lewis saw its biggest ever week for sales in its 150-year [...]
Asos UK sales soar 24 per cent after biggest ever trading week over cyber weekend December 9, 2014 Online retailer Asos said UK sales rocketed after customers rushed to cash in on "cyber weekend" deals, but gains were offset by disappointing international sales. The results Total retail sales increased by 8 per cent to £246m in the three months to November 30. However, this has slowed from the previous quarter, where they grew [...]
Mark & Spencer suffers Christmas delivery delays to online shopping orders after Black Friday bonanza December 9, 2014 Mark & Spencer's online customers are set to be disappointed this Christmas shopping season, as they face longer waiting times for online deliveries. Standard deliveries will now take up to two weeks, according to the retailer's website, as opposed to the normal five-day waiting period. The delay follows shopping bonanza Black Friday, on 28 November, [...]
Shoppers face longer delivery times from M&S December 8, 2014 MARKS & Spencer’s online customers are set to be disappointed this Christmas shopping season, as they face longer waiting times for online deliveries. Standard deliveries will now take up to two weeks, according to the retailer’s website, as opposed to the normal five-day waiting period. The delay follows the shopping bonanza Black Friday, on 28 [...]
Black Friday UK 2014: Retailers return to black after a frenzied day of spending December 8, 2014 The shopping frenzy created by Black Friday last week helped push retail sales back into growth in November as shoppers flocked online and into stores to snap up a bargain. Like-for-like retail sales rose by 0.9 per cent compared with November last year, when they increased by 0.6 per cent. This was also an improvement [...]
Cyber Monday beaten as Black Friday sales soar December 7, 2014 Black Friday trumped Cyber Monday as online transaction volume soared 74 per cent year-on-year, compared to an increase of just 44 per cent on Cyber Monday, showing the meteoric rise of the US shopping event. Since 2011 Cyber Monday (1 December) has outperformed Black Friday in terms of online sales, however this year’s Black Friday [...]
Retail data to show UK spending boost from Black Friday – London Report December 7, 2014 Black Friday is expected to have added a healthy boost to November’s retail sales, which the British Retail Consortium is due to announce tomorrow. Howard Archer, of Global IHS Insight, said: “While consumers are always keen to take advantage of bargains, particularly in the run-up to Christmas, the desire for bargains has undoubtedly been heightened [...]