Retail sales growth in the UK slowed for the three months to February to 0.9 per cent from 1.1 per cent in January, as the British Retail Consortium (BRC) reported a ‘continuing squeeze on consumer spending’.
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A mishmash palette of retail Christmas trading statements paints a blurry picture for the sector in 2006, as there appeared to be as many positive like-for-likes as there were negative.
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Online retailers have received a hearty slug of Christmas cheer with the news that web-based sales are expected to increase by £1.5 billion in the festive run-up.
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Although UK retail sales volumes for August were unexpectedly flat, against widespread predictions of a small rise, central London sales were 11.5 per cent softer than this time last year on a like-for-like basis.
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UK retail sales posted their biggest fall in 22 years – so says a survey from the Confederation of British Industry.
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The monthly statistics provided by the British Retail Consortium (BRC) provided no relief for the dowdy retail sector.
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An early Easter resulted in retail sales falling 0.1 per cent between March and February, reinforcing the market's belief that Britain's high streets are experiencing tough times.
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The sells have been coming in thick and fast lately, as directors take advantage of the traditional strong start to the year by small cap and AIM stocks
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When a company issues new shares during a fundraising, it is not uncommon for incumbent directors to also sell stock. Sometimes this benefits both the business and the individual – but sometimes it's hard to tell
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A fascinating survey from market analysts Verdict suggests online shopping is booming in the UK. According to its new retail report, the internet was the fastest-growing retail sub-sector last year, attracting one in every four shoppers! Online buying boasted a growth rate six times better than the traditional retail market. Reasons for the explosive growth include increased use of broadband by web shoppers and the improved quality of retailers' online sites.
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