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Retail News

January 2009

- 10 news articles

Retail closures affect property investors


The closure of retail properties is beginning to affect small investors in commercial property, an industry expert has said.Jason Butler, partner at Bloomsbury Financial Planning, has warned that ...

Retail jobs to go at Eon


Energy company Eon has announced it is to cut 450 retail jobs.Workers in the organisation's main offices will be affected in a move devised to cut costs.Paul Golby, chief executive, said the cuts are ...

Shoe retailer in administration


High street shoe chains Barratt Shoes and Priceless Shoes are the latest firms to suffer from the weakening economy and go into administration.The shops' owner, Stylo, employs 5,450 workers in 400 ...

CBI: January sales return only slight profits


The Confederation of British Industry (CBI) has said January sales only helped return a slight improvement for retailers.Its Distributive Trades Survey revealed just 16 per cent of retailers said ...

Business confidence hits 16-year low


Difficult trading conditions have forced UK business confidence to a 16-year low, research by Lloyds TSB has shown.The lender's half-yearly review found firms have held back on investment and ...

Discount retailers set for success, report says


Discount retailers are soon to see success as shoppers continue to seek out bargains, a new report has predicted.According to the research by Deloitte, consumers have already cut back on their ...

Retailers return top sales figures


Three of UK retailers have returned positive winter sales figures.The John Lewis Partnership, sports retailer JD Sports and photographic store Jessops all fared well despite worries consumers were ...

Poor results expected from M&S


Poor results are expected from high street bellwether Marks and Spencer (M&S) when it announces its trading statement tomorrow.According to the Times, the store will be forced to cut 1,000 retail ...

John Lewis announces 7% sales boost


Retailer John Lewis has announced its sales for the last Saturday of 2008 were up seven per cent.It said the increase on the previous year's takings was due to it starting its clearance sale.Managing ...

Under 25s most likely to spend more


The under 25s are most likely to spend more in 2009's January sales, new research has claimed.According to a study by PricewaterhouseCoopers, 18 to 24-year-olds without a mortgage and no previous ...