A survey by the Nottingham Building Society has revealed that 46% of shop owners blame the closure of local bank branches in the last three years for damaging their businesses, while 24% said it contributed to them going out of business within the last five years. Retailers are also being hit by lower footfall, with
Retail sales grew at their fastest pace since September 2017 in the year to June, according to the CBI’s latest Distributive Trades Survey. It also revealed that sales volumes were well above average for the time of year. Additionally, the survey reported a jump in growth in the volume of orders placed on suppliers. The
Retail news round-up: Sales; business and consumer confidence; surplus shops 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 »
The volume of retail sales grew for the third consecutive month in the year to January according to the CBI, but sales for the time of year were the weakest against seasonal norms in over four years. Growth in online sales rose firmly in the year to January at the fastest rate since this time
Selfridges claims that the pre-Halloween launch of its Christmas window in London’s Oxford Street is a first for any department store worldwide. Some 1,000 metres of red velvet have been used for its ‘With Love From’ theme. Inflation has been blamed for a fall in UK retail sales in September. The Office for National Statistics
Retail news round-up: pre-Halloween launch of Christmas window Read More »
A new Salmon Insights white paper addresses ‘The dominance and threat of Amazon’ and ‘why brands need to start fighting back fast’. It says that with nearly 40% of online UK spend going through Amazon, and clear signals of the retail giant’s intent to own the interfaces that connect sectors to their customers, savvy businesses
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