House of Fraser cashes in on Christmas sales January 11, 2017 House of Fraser capitalised on the Black Friday and Boxing Day week sales in November and December, boosting its like-for-like sales by 2.7 per cent in the festive period. The department store said that during its six-day Black Friday sales event, total sales increased 2.7 per cent on the same period the year before. Unsurprisingly, a hefty [...]
Sainsbury’s reports £1bn group sales over Christmas week as sales edge up January 11, 2017 Sainsbury’s enjoyed a record Christmas week with over £1bn in sales across the group, with quarterly sales managing to edge up after analysts expected further contraction. The figures Like-for-like retail sales excluding fuel grew by 0.1 per cent over the third quarter of its trading year, and total retail sales grew by 0.8 per cent [...]
Bunzl snaps up UK packaging firm and US barrier film specialist January 10, 2017 Support services giant Bunzl has started 2017 where it left off in the previous year by revealing a brace of new acquisitions. The purchase of packaging firm Woodway was agreed at the end of December. The Northampton-based firm provides products and solutions to across a variety of business sectors. Read more: Bunzl can't wait until [...]
Boohoo sets the online shopping trend to start the New Year January 10, 2017 Boohoo.com has ended 2016 on a high and looks set to continue the form into the New Year, with the online clothing retailer reporting strong increases in revenues and raising its revenue guidance for the start of this year. The figures Revenues grew 55 per cent, with growth in America particularly impressive: US revenues increased by [...]
UK retail scores “solid yet unspectacular” end to 2016 January 10, 2017 Retailers are bracing themselves for a possible slowdown in consumer spending this year, but the sector ended 2016 in (relatively) good health, thanks to a strong performance on Christmas week. Like-for-like sales in UK retail increased one per cent year-on-year in December 2016, according to figures from the British Retail Consortium (BRC) and KPMG, improving from a [...]
Christmas celebrations boost overall consumer spending for December January 9, 2017 Visa cardholders spent more in the final quarter of 2016 than they had for two years, according to Visa’s UK Consumer Spending Index, pointing toward a solid increase in household spending. The monthly report showed that consumer spending in December was up 2.6 per cent on the year in December with online purchases leading the [...]
West Ham succeed with appeal against Sofiane Feghouli suspension and mull second bid for Jermain Defoe January 4, 2017 West Ham have received a boost ahead of their FA Cup third-round clash with Manchester City after the club succeeded with an appeal against midfielder Sofiane Feghouli’s three-match ban. Feghouli was controversially shown a straight red card for a tackle on defender Phil Jones early in Monday’s 2-0 Premier League defeat at home to Manchester [...]
Retailers will need to brave fierce headwinds in 2017 January 2, 2017 The high street's cold snap over Christmas and the New Year is not just seasonal. Several chills running through the sector could finally be felt with their full force in 2017. Rising inflation, falling wage growth, escalating costs and sterling's depreciation are all expected to weigh on retailers in the coming months. If inflation takes [...]
Here’s how to book the best deals on summer flights December 31, 2016 It might be freezing and foggy in London, but it's never too early to start thinking about your summer holiday. Or is it? Flight booking data was analysed by travel company Tripsta to find out how British travellers can get the best deals on flights in 2017 during busy travel periods like the summer holidays. These are [...]
Boxing Day footfall slump points to domination of the online retailers December 26, 2016 Boxing Day high street retail sales have fallen sharply year on year as UK shoppers stay at home and push online sales to record heights, according to early data. Half day footfall fell by six per cent compared to Boxing Day last year, according to data from retail monitors Springboard. A decline of 16.6 per [...]