The Office for National Statistics (ONS) reported that retail sales in August rose by 3.3% compared with the same month a year earlier and by 0.3% on a month-to-month basis. This has surprised economists who had expected shoppers to rein in their spending. The unexpected results were driven by a rise of 4.5% in the
June’s good weather resulted in a marginal year-on-year improvement in footfall across the nation’s high streets, delivering the second month of consecutive growth since November 2017. However, retail parks and shopping centres have had ‘an altogether more difficult time’. The overall trend of fewer visits to bricks and mortar stores remains, said British Retail Consortium
Retail news round-up: Footfall and sales; Boost for NEC; John Lewis ‘pilot stores’ Read More »
Spring Fair and Autumn Fair organiser Ascential has launched a strategic review of its exhibitions division as it announces plans to focus on its digital business. Press reports suggest that this could lead to the sale of its trade and consumer shows and generate between £250 million and £300 million. Its strong annual results revealed
Retail news round-up: Ascential shows ‘could be sold’; Bitcoin on high street Read More »
UK consumers are planning to spend an average of £1,551 over the festive shopping season – £51 more than last year, according to a survey of 2,000 adults conducted by American Express. It estimates that there will be a £76bn overall spend, with individuals parting with £51 more than last year. After Christmas getaways, the
Retail news round-up: Christmas spending, fast shopping, rich pickings and salaries Read More »
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