Warm weather boosts Next
04 May 2011 | by Ed Owen
The warm weather has delivered Next a surprise boost in its first quarter, with sales up 5.2% - more than double the growth of best estimates -- driven by a 14.1% increase in catalogue sales.
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Sainsbury's creates £60m bonus pot as golden run continues
11 May 2011 | by Ed Owen
Staff at Sainsbury's will be cheering its decision to put £60m aside to pay bonuses, as pre-tax profits leapt by 12.8% to £827m in the first quarter of 2011, with like-for-like sales increasing 2.3%.
Sluggish employment figures point to difficult retail sector
28 Apr 2011 | by Ed Owen
Retailers employed 0.5% more people in the first quarter of 2011 compared to the same period last year, despite store numbers increasing 5.4%, suggesting the retail climate continues to be "difficult", according to figures from the British Retail Consortium (BRC).
Argos boss steps down after sales and profits fall
20 Apr 2011 | by Ed Owen
Sara Weller, managing director of Argos, is leaving the retailer in June for "personal reasons".
Tesco UK dips, but profits driven by huge Asian growth
19 Apr 2011 | by Ed Owen
Tesco like-for-like sales fell in the UK for the 12 months to the end of February 2011, but profits grew by more than 12% thanks to strong growth in Asian and European markets.
Morrisons offers discount fuel as shoppers make fewer trips
18 Apr 2011 | by Ed Owen
Morrisons has launched an ad campaign that promotes its offer to reward customers who spend more than £40 in its stores with 6p off petrol, for a limited time.
Online sales top £5bn in March
15 Apr 2011 | by Ed Owen
Consumers faced with ongoing economic pressures have been shopping online for the best deals, generating sales worth £5.1bn in March, the strongest figure for three years.
Retailers convinced by mobile but lack strategy
14 Apr 2011 | by Ed Owen
New research claims that 87% of retailers are confident mobile shopping will have an impact within two years, but only 16% have a mobile strategy fully in place.
Study shows 28% of online retailers want to take marketing in-house
13 Apr 2011 | by Ed Owen
Nearly one in three online retailers wants to bring their marketing function, including creating advertising campaigns, in-house, claims new research.
M&S sales hold up as market share grows
06 Apr 2011 | by Daniel Farey-Jones
Marks & Spencer has grown its market share in food and clothing, and delivered a 0.1% rise in like-for-like UK sales for the first quarter.
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