Game Digital shares boosted by positive Christmas trading in Spain while UK sales fall January 17, 2019 Video game retailer Game Digital’s shares shot up this morning as it announced a two per cent sales boost over the Christmas period, despite a drop in the UK market. The company said despite a “challenging retail climate” causing group sales to dip 0.5 per cent over the festive weeks from Black Friday to 5 [...]
Primark sales sweeten the pill as retailer outperforms Christmas gloom January 17, 2019 Primark today reported a rise in revenues over the festive period as store expansion outweighed a fall in like-for-like sales. The fashion retailer saw UK sales rise one per cent on last year in the 16 weeks to 5 January, defying a downturn in the wider retail market. Read more: Retail sector suffers worst Christmas in [...]
Car makers and sellers plead with government for clarity after May’s Brexit deal defeat January 16, 2019 Car makers and dealers have called for clarity on how Britain will leave the EU after MPs resoundingly dismissed Theresa May’s Brexit deal in parliament last night. The 230-vote defeat for May’s deal has cranked up the risk of a no deal scenario according to the EU’s chief negotiator Michel Barnier, a situation believed to [...]
Consumer spending feels the pinch amid Brexit uncertainty January 16, 2019 Enduring political uncertainty was to blame for weak consumer spending over Christmas, according to figures released today. Consumer spending fell by one per cent in December compared to the same month in 2017, research from Visa and IHS Markit reveals, its biggest monthly drop since April. Read more: UK car sales decline for the second [...]
Greggs’ vegan sausage rolls rise to the occasion perfectly January 15, 2019 The retail industry has had a difficult time recently but shares in high street bakery Greggs have bucked the trend and hit an all-time high, thanks to some ingenious and topical marketing. Greggs used social media and publicity stunts to boost awareness in the brand during its launch of a vegan sausage roll – a [...]
Christmas sales grow at St Pancras International despite retail gloom January 15, 2019 Commuters choosing to do their Christmas shopping at St Pancras International station grew 6.3 per cent in 2018 compared to the year before, according to figures released by the station's operator today. The rise was driven by growing passenger numbers and strong growth in non-food sales, the company said. St Pancras has welcomed a number of [...]
M&S reveals next 17 stores in firing line for closure as hundreds of jobs face the chop January 15, 2019 Marks & Spencer revealed the identity of the latest stores that are earmarked for closure today, as a swathe of sites face the firing line amid a downturn for the beleaguered retailer. As many as 1,000 people could face losing their jobs as part of the latest stage in the company's turnaround plan that will [...]
Games Workshop enjoys record year as business remains ‘in great shape’ January 15, 2019 Miniature wargaming manufacturer Games Workshop struck a positive tone this morning after posting record sales, despite a slowdown in growth during the half-year to December. The figures Sales in the six months to 2 December 2018 hit £125m, rising from £110m during the same period in the previous year. Meanwhile, operating and pre-tax profits rose from £38.1m [...]
Boohoo shares drop despite retailer lifting 2019 guidance after strong sales growth January 15, 2019 Boohoo had no cause for tears this morning as it revealed rocketing revenue helped it end 2018 on a high, raising guidance for its full-year sales. Sales grew 44 per cent year on year to £328.2m in the four months to the end of December, up from £228.2m in the same period in 2017. Read [...]
Profiting from the retail revolution: What’s hot and what’s not? January 15, 2019 It turns out that so-called Super Thursday wasn’t so super after all. Despite being lauded as a day when retailers boast strong figures from the festive period, last Thursday proved to be a mixed basket of results. With consumers feeling the pinch and Brexit-sized uncertainty looming large over the high street, it’s not surprising that [...]