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  • Summer sales data to reveal retail outlook

    September 6, 2009

    RETAILERS are set to provide fresh evidence of consumer confidence this week in a series of market updates. In a bid to revive the ailing retail sector the West End is launching High Street Fashion Week today in an effort to attract a predicted 2.4m shoppers to Oxford Street. ABF Foods, Primark’s owner, will today [...]

  • NEW SUNDAY TELEGRAPH BUSINESS EDITOR ON STEEP LEARNING CURVE

    August 20, 2009

    AS A replacement for Sky’s newest business recruit Mark Kleinman, a man with one of the fattest contact books in journalism, the appointment of Kamal Ahmed as Sunday Telegraph business editor was never going to sit well with his jilted rivals. Ahmed, currently head of comms at the Equality and Human Rights Commission and a [...]

  • Primark founder to step down as MD

    July 14, 2009

    THE publicity-shy founder of Primark, Arthur Ryan, will step down as managing director of the retailer in September. Ryan, who opened its first store in Dublin 40 years ago, is likely to be replaced by Paul Marchant, a former New Look executive and Primark’s chief operating officer. Associated British Foods (ABF), Primark’s parent company, declined [...]

  • Primark growth accelerates

    July 9, 2009

    DISCOUNT fashion retailer Primark saw its third-quarter growth accelerate, helped by good weather and the attraction of its low prices in a downturn, but its owner Associated British Foods held to its flat year earnings forecast. The 190-strong stores division reported its sales rose 21 per cent in the 16-week quarter to 20 June, and [...]

  • WHAT THE OTHER PAPERS SAY THIS MORNING

    July 9, 2009

    FINANCIAL TIMESSTRATEGIC REVAMP FOR LLOYD’SLloyd’s of London has begun the biggest strategic review it has undertaken this decade in an attempt to ensure the more than 320-year-old insurance market does not fail in exploiting the gaps in the market thrown up by the financial crisis. The institution, which deals in insurance risks from all over the [...]

  • THE LONDON REPORT

    July 5, 2009

    OUSEBUILDERS will come under scrutiny this week, with giants Persimmon and Barratt Developments set to update markets. Traders will be hoping for further signs that there is an an uptick in mortgage availability, as banks repair their balance sheets and are able to resume lending to homebuyers, feeding through to the battered sector. Barratt, set [...]

  • Quality brands are becoming more popular again

    June 16, 2009

    FOR a while we saw the march of the “value” brands, as the recession helped Aldi and co make advances on their more expensive rivals. The graph shows what actually happened to brand values. We have created two baskets of brands – seven associated with lower-end or “value-for-money’ (Aldi, Morrisons, Primark, Matalan, RyanAir, Walls, Subway), [...]

  • Marks & Spencer is no longer special

    May 19, 2009

    FOR a supposed retail guru, Marks & Spencer boss Sir Stuart Rose is not doing well. His firm is underperforming Tesco, J Sainsbury, Morrisons and Alliance Boots, among others. Yesterday’s grim full year results show that the firm has a lot of hard thinking to do. Its product and pricing mix still isn’t quite right; [...]

  • Struggling retailers can’t just blame the downturn

    August 11, 2008

    The threat of recession is an excellent excuse for retailers to blame someone else for their poor performance. Things are certainly getting tougher out there, but retailers whose sales are falling faster than average are losing market share. Simple as that. Monthly retail sales are wildly volatile, but look at it this way – in [...]

  • It is still not the time to be buying into retail stocks

    July 31, 2008

    The European General Retail sector has fallen by about 25 per cent so far this year. But does this sharp decline in price make retail shares a good buy? We think that there are a variety of reasons to remain wary. The first reason is a depressed outlook for consumer demand. With continued worries about [...]

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