There are concerns for the future of Debenhams as the department store chain looks set to post the biggest loss in its 240 years history – almost £500million – and gets ready to close 50 of its 166 stores. The closures may results in as many as 4,000 job losses. There is now even more
Shop prices continued to fall in April, representing the deepest period of deflation since February last year, according to the BRC and Nielsen. There have now been five years of shop price deflation. Overall, there was a 1% decline last month, although non-food prices fell 2.2% compared to March when they were down by 1.9%.
Retail news round-up: Deflation; people who lie on their CVs; multiple difficulties Read More »
Alan Monahan writes: A bouquet for the Federation of Small Businesses, which has once again turned the spotlight on retailers. This was prompted by a rise in employment to 75.4% – the highest level since records began – and a drop in the number of self-employed people by 30,000 to 4.76 million. It is independents
The retail industry has the unhappiest staff, according to an Expert Market/Vivatic survey. Some 13% of the 2,222 respondents said they had imagined killing their boss and 30% of those in the sector claimed to hate their job. At the end of April, Eric Smith – who has designed jewellery for the Queen and the
Retail news round-up: ’Unhappy’ staff; stores making headlines, shop jobs and automation Read More »
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