More than 200 UK shopping centres, collectively worth around £7 billion, are at risk of closure if their owners fail to secure fresh equity for refinancing and ‘much-needed redevelopment’, according to asset management company APAM. Retail sales growth slowed in the year to October, following four consecutive months of firm sales during the summer, according
More than 82% of UK consumers would rather shop in a bricks and mortar store than buy online because products can be viewed before committing to a purchase, according to e-commerce agency PushON. However, its survey of 1,000 shoppers revealed that 52% of those believe that retailers need to offer a more seamless experience between
Retail news round-up: Preference for shopping in physical stores; Christmas comes early Read More »
Total like-for-like in-store sales were down by -10.1% in March from a flat base last year, according to BDO’s High Street Sales Tracker. BDO said that the second worst month on record was primarily due to the severe winter weather. Footfall dropped by -3.3% over the four-day Easter weekend from Easter last year, but Springboard
Alan Monahan writes: I suspect that many retailers will rue the day that Black Friday washed up on our shores from the US. Like Andrew Jennings – who used to run Harrods, House of Fraser and New York department store Saks Fifth Avenue – they probably believe that the lead-up to Christmas should be a
Retail Reflections: the jury is out on Black Friday – bring on the mince pies! Read More »
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