Retail News

The Portas Review – the 28 recommendations

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1. Put in place a “Town Team”: a visionary, strategic and strong operational management team for high streets

Blacks Leisure seek emergency deal

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Conditions on the high street continue to deteriorate as the outdoor retailer Blacks Leisure announced that it was seeking an emergency rescue deal.  It puts at risk around 300 stores

Over 23,000 jobs lost in retail

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Retail employment fell by over 23,000 in the third quarter of 2011 compared with the same period a year according to the latest figures from the BRC-Bond Pearce Retail Employment

Amazon profits plunge by 73% due to investment

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Amazon has announced that third quarter net income was $63mn for the three months to September 30, down from $231mn a year

Record squeeze on household disposable income

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Households are £15 a week worse off in September 2011 compared with the same month last year according to the latest Asda income

Rates rise to cost the retail sector £350 million

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Retail businesses will be expected to front-up an estimated £350 million in business rates next April after September’s RPI reached a

One in ten retail searches on mobile devices

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One in 10 retail-related searches now takes place on a mobile device, according to the latest figures from the British Retail Consortium and Google’s Online Retail Monitor. Total retail search

Consumer confidence improves

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Consumer confidence increased marginally in September compared with the previous month but remains weaker than levels earlier in the year and during 2010 according to

Biggest squeeze ever on disposable incomes

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UK families are £14 worse off per week in August compared with the same time last year according to the latest data from the Asda income tracker.  This is the largest fall since the

Tesco intensifies price war

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Tesco has sent a clear signal to its rivals by announcing that it will cut the price of more than 3,000 everyday foodstuffs by up to 30%.  This marks the biggest shake-up of its pricing