It was another day of gloom for high street retailers with collapse of Waterford, a historic china and crystal maker, threatening loss of 2,700 jobs across the UK and Ireland. Read the rest of this entry »
The UK’s struggling retail sector offered glimmer of hope after high street hitters registered increase in sales during Christmas festivities. Read the rest of this entry »
More than 400 retailers are likely to go into insolvencies over next four months, predicts Experian, causing further upheaval in the UK’s economy. In spite of the heavy rush of Christmas shoppers in the last week, retail footfall tumbled in December. Read the rest of this entry »
The New Year brought cheers at John Lewis which reported a significant rise in its takings during the Christmas week. Read the rest of this entry »
Woolworths’ bid to find a buyer sadly ended into failure and may lead to its imminent closure in next few weeks. Read the rest of this entry »
Asda’s chief executive Andy Bond has criticised retail rivals Tesco, Marks & Spencer and Debenhams for their massive pre-Christmas discounting. Read the rest of this entry »
Electrical goods chain Comet suffered a heavy loss of £8.1m in the first half of the current financial year.
Comet had registered very impressive performance last year, making £10.6m profit. This year its like-for-like sales also slumped by 11.6% in the six months ending October 31. The group owner, Kesa Electricals, described company’s condition as very difficult. Read the rest of this entry »
A surge in online retail sales, caused by the bargain hunters, has badly affected high street sales of those stores which do not conduct online business. Read the rest of this entry »