Boxing Day sales 2015: UK footfall soars to defy online sales which dominated Black Friday and Christmas Eve December 27, 2015 Black Friday and pre-Christmas shopping may have been a letdown for brick and mortar retailers, but Boxing Day certainly delivered. In-store shopper traffic soared by 3.36 per cent year-on-year on 26 December, according to data from retail intelligence firm FootFall, showing that the rise is mainly driven by an increase in shopping centre footfall counteracting [...]
Christmas traditions return: Boxing Day is going to outperform Black Friday to be the biggest shopping day of the year December 24, 2015 Christmas is a time for traditions, and Boxing Day is expected to return to its position as the UK's biggest shopping day. All those predictions that Black Friday would be the busiest shopping day of 2015 have fallen wide of the mark: experts are now saying Boxing Day will smash records this year. Sales are expected to [...]
Currys PC World prepares for record-breaking sales rush from Christmas Eve to Boxing Day December 24, 2015 Currys PC World is expecting a record number of shoppers to snap up electrical deals between Christmas Eve and Boxing Day. The retailer estimates that 4.9m people will shop online between lunchtime today and 11am Boxing Day. The business, which broke records on Black Friday this year, believes there will be a spike in mobile phone shoppers [...]
Game Digital share price plummets nearly 40 per cent as company issues profit warning December 23, 2015 Game Digital's share price plunged almost 40 per cent after the retailer issued a profit warning this morning. The group revealed a 6.7 per cent drop in group gross transaction value (GTV) to £466.8m for the 21 weeks to 19 December, while UK GTV was down 11.4 per cent to £353.5m, despite a boost from Black [...]
Britons spend less on drinking out in November after Rugby World Cup hangover December 23, 2015 Consumer spending on going out and entertainment fell by eight per cent in November as Britons tightened their belts ahead of Christmas. Households spent £17 less on leisure activities last month compared with October, dragging year-on-year spending down by two per cent overall, according to pub group Greene King’s latest Leisure Spend Tracker. Drinking out [...]
Best of the Brokers for 22 December 2015 December 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BOOHOO.COM As the end of 2015 approaches, fast-fashion retailer Boohoo will be celebrating its first full year as a listed company, or perhaps taking some time for reflection following a profit warning in January. In its first coverage of the company, Shore Capital [...]
UK retailers scramble to rescue Christmas as distress levels rise amid fierce discounting December 22, 2015 High street retailers have suffered a disappointing Christmas so far this year amid fierce competition and the rise of online, Begbies Traynor has warned, with retailers now pinning their hopes on a last-minute sales spree this week. According to the insolvency specialist's latest Red Flag research, which monitors the health of UK companies, the number of retailers now suffering [...]
CBI Distributive Trades Survey: The run-up to Christmas has been less than merry for disappointed retailers December 21, 2015 Sales growth in the run-up to Christmas has been below retailers' expectations, new figures have shown – despite being above average for the time of years. The Confederation of British Industry's (CBI) Distributive Trades Survey showed 43 per cent of retailers said sales volumes in December were up on the same period last year, against [...]
Last minute Christmas shopping could lead to £1.3bn being spent on UK high streets, and that’s not the end of it: get ready for the Boxing Day and New Year sales December 21, 2015 If you've left your Christmas shopping to the last minute, you're not alone. Britons will spend £1.3bn on 23 December alone, which is set to be the busiest day on the high street. Expect crowds. Shoppers will make 37 million in-store transactions on Wednesday, up 10 per cent from 2014, and total spending is predicted to rise by three [...]
High street retailers preparing themselves for a pre-Christmas spending rush December 18, 2015 High street retailers are bracing themselves for a pre-Christmas spending boom, with shoppers tipped to splurge around £4.7bn in stores over the next four days, allaying fears that November’s Black Friday bonanza and the rise of online shopping would keep customers away. Brits will splash out around £5.9bn on last-minute presents and food over the four days starting tomorrow [...]