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Retail News
John Lewis celebrates 9.6% sales increase
5th December 2011
Tills are ringing with festive cheer at department store chain John Lewis as it reports that sales for the week ending 3rd December rose 9.6% year on year to reach £113.6m. This represents a 15.1% rise in sales on the previous week.
Whilst the figures for the same week last year were flattened because of the snow which caused disruption to trade, last week's sales were up 10.9% on the same week two years ago.
Read More below.
http://www.theretailbulletin.com/news/john_lewis_celebrates_96_sales_increase_05-12-11/
Starbucks to open 200 drive-thrus for roadside caffeine fix
1st December 2011
British consumers are becoming couch potatoes unwilling to even leave their car to grab their morning cup of coffee.
Or at least, that is the inference after Starbucks announce that it will open 200 "drive-thrus" in Britain over the next five years. Car drivers will order their triple-shot frappuccinos or skinny caramel lattes by speaking into a microphone and then drive forward to pick up their coffee from a hatch - all from the seat of their car.
Read More below.
Arcadia to close 250 stores
24th November 2011
Arcadia, the retail group owned by billionaire Sir Philip Green, has reported that underlying pre-tax profits fell by more than a third to £133m in the year ending 27th August. This compares to a profit of £213m in the previous year.
As a result, the company plans to close up to 250 stores during the next 3 years.
The group which includes high street stores such as BHS, Topshop, Burton, Dorothy Perkins and Wallis, saw total sales fall by 3.4% to £2.6 billion in the year.
Read More below.
http://www.theretailbulletin.com/news/arcadia_to_close_260_stores_24-11-11/
Majestic Wine sees sales thrive and plans to double
June 13th, 2011
Majestic Wine has reported a 27% jump in profits as sales thrived last year. The wine merchant said it planned to double its number of stores to 330, having opened 12 in the last 12 months.
The firm made profits before tax of £20.3m in the year to March, beating market expectations as total sales jumped 10%Business was helped by strong growth at the top end of the market - fine wine sales grew 24% - as well as in its commercial sales division. Read More...
May retail sales dip as customers 'reluctant to spend'
June 7th, 2011
Retail sales dipped in May as a result of customers' unwillingness to spend, say retailers. The British Retail Consortium (BRC) said May sales values, taking out the effects of closures and new stores, fell 2.1% compared with May 2010.
The BRC said the May figures were a more realistic reflection of the "tough conditions" on the High Street. Rises seen in the previous two months had been "distorted" by a late Easter, an extra bank holiday and good weather. Read More...
Iceland enjoys sales growth
May 25th, 2011
FROZEN food chain Iceland heaped pressure on potential bidders yesterday as it emerged as one of the winners from the industry’s latest sales figures.
Revenues at the North Wales-based firm increased 5.7% in the 12 weeks to May 16, beating the grocery market as a whole, which saw growth of 4.8%, according to figures released by Kantar Worldpanel. Read more...
Bank holidays boost retail sales
May 10th, 2011
Sales increased in April 5.2% after a 3.5% fall in March, according to the latest figures from the British Retail Consortium. Food sales returned to growth increasing 2.1% in April and outperforming non-food sales, which reported a 1.3% fall. Read more...
UK retail sales unexpectedly rebound in March
April 21st, 2011
Retail sales in the UK registered a surprise pick-up in March, led by strong food and non-store sales. Sales volumes rose 0.2% compared with a month earlier according to the Office for National Statistics (ONS). Read more...
"Mind-blowing" 24% growth for ASOS
April 14th, 2011
ONLINE fashion retailer Asos continued to buck the retail gloom yesterday after it said profits were likely to be at the top end of market forecasts.
The group - targeted at 16-34 year-olds with clothes and accessories styled on those worn by celebrities - posted a 24% rise in UK sales during its fourth quarter to March 31, up from 23% in the previous quarter.
But the international business was once again the star performer with growth of 161%, and Asos said overseas sales overtook those from the UK for the first time - accounting for 52% of all turnover. Read more...
Corporates welcome Budget ‘reassurance'
March 30th, 2011
UK CORPORATES have offered strong support for last week's Budget.
A post-Budget survey from Barclays Corporate show 88% stating that the business- related measures outlined by the Chancellor will have a positive impact on private sector growth, while more than three quarters of respondents believe the Government now offers a clear plan around generating this growth.
In the survey of more than 400 senior executives of companies with turnover above £5m across the UK, the findings also revealed 57% of corporates believe the Budget will make the UK more competitive internationally. Read more...
Curry's owner issues profits alert
March 30th, 2011
The owner of Currys and PC World issued its second profits alert in as many months today after worsening trading conditions saw sales tumble 11%.
Dixons Retail said the like-for-like sales plunge across the UK and Ireland came as consumer confidence weakened more than expected following a difficult Christmas. Read more...
UK retail sales rebound in January, BRC says
February 8th, 2011
UK retail sales rebounded in January after bad weather caused sales to drop in December, figures suggest. Like-for-like sales, which strip out the impact of new store openings, rose by 2.3% against a year earlier, the British Retail Consortium (BRC) said.
Clearance bargains on non-food items helped to boost sales at the beginning of the month, it added. However, weak sales due to snow in January 2010 made sales look comparatively strong, the group said Sales fell by 0.7% in the first month of last year. Read More...
Pontypridd firm buys Swansea-based Diamond Holidays
January 25th, 2011
A buyer has been found for Wales' largest holiday coach operator, which went into administration earlier this month.
Edwards Coaches has taken over Diamond Holidays for an undisclosed sum. It said it would be contacting everyone who had bookings with the failed firm and would do its utmost to honour them.
Pontypridd-based Edwards, which employs 245 staff and operates 140 vehicles, said it would retain a number of staff at Diamond's Swansea headquarters. Read More...
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