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Black Friday footfall drops compared to last year
Footfall on Black Friday dropped 5.4% compared to 2017, but online sales had skyrocketed 46% year on year by 4pm, Springboard reports.There was similiarly lower footfall over the weekend as shoppers avoided the crush. Saturday’s figures were down 5....
26 November 2018
Homebase completes refinancing with £95m
Home retail giant Homebase has confirmed it has secured an asset-based lending facility of up to £95m with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). “We are really pleased to have secured lending facilities from ...
23 November 2018
John Lewis sees home sales dip, as shoppers wait for end-of-week discounts
Home sales were down by 14.7% at John Lewis & Partners over the past week, as competitor discounts tailed off in anticipation of price drops during today’s Black Friday event....
23 November 2018
Outdoor plant sales are the highlight in October
Sales in outdoor plant areas at garden centres across the country performed better than other categories in October according to the Garden Centre Association’s (GCA) Barometer of Trade (BoT) report.Compared to last year (2017) sales of outdoor ...
23 November 2018
More retailers jump on Black Friday bandwagon
New data finds that 72% more UK retailers are taking part in Black Friday this year, compared to 2017, with even bigger price cuts and more stores than ever before getting involved in the day of deals ...
23 November 2018
Wyevale agrees sale of five more centres
Wyevale Garden Centres (WGC) has, today, announced deals that will see four centres bought by discount goods and garden retailer In-Excess Ltd, and another purchased by architectural salvage and antiques business English Salvage Ltd...
22 November 2018
B&Q UK sales slide, as Kingfisher exits Russian and Iberian markets
Kingfisher’s Q3 results reveal a 2.9% LFL decline in sales in the UK & Ireland, as the axing of Homefit took its toll. The global company also announced plans to pull out of Spain, Portugal and Russia, in a bid to focus on more profitable ...
21 November 2018
Ikea speeds up transformation plan
Ikea has announced it is accelerating its transformation, stepping up investments in new and existing Ikea stores and fulfilment centres, developing city centre formats and focusing on its e-commerce platform, to better meet the needs of its ...
21 November 2018
Kingfisher confirms sale and leaseback of B&Q stores
Following speculation that money raised from the sale of six B&Q stores would be used to fund Kingfisher’s transformation plan, the global home improvement giant has said this is not the case.A report in the Sunday Times suggested that CEO ...
20 November 2018
Garland warns of stock availability issues after spike in demand
Garland Products/Worth Gardening is urging retailers to secure stocks from suppliers, as demand for garden products soar – with Garland's sales up 90% in the past month.The garden care products manufacturer has reported a significant surge...
20 November 2018
Appliancesdirect.co.uk predicts Black Friday rush
Home appliance e-tailer is predicting its biggest day for online sales on Friday and has already seen a 70% jump in traffic to the Black Friday area of website, as customers seek deals on branded appliances and household gadgets. AppliancesDirect.co....
20 November 2018
Footfall declines expected on Black Friday but online may not strike it big either
Black Friday footfall is forecast to drop by 3.7% across the UK, as consumers head online to shop deals rather than heading out to the high street – although internet sales growth will still not match last year, thanks to poor timing, price ...
19 November 2018
Capitol Tiles outlets snapped up by BC Ceramics
Following news that Tile Mountain chairman Mo Iqbal acquired Capitol Tiles’ distribution operations after it went into administration, it has been revealed that retailer BC Ceramics has bought six of Capitol’s 11 remaining retail outlets in a ...
19 November 2018
Akzo delivers on promise to shareholders
Akzo Nobel announces it is to conduct €2 billion capital repayment and share consolidation, returning vast majority of net proceeds from sale of Specialty Chemicals, stating it is now “a focused paints and coatings company”...
19 November 2018
Visa encourages shoppers back to the high street with Christmas campaign
Visa debuted its first-ever Christmas advert last week, with the campaign featuring real independent businesses and urging consumers to shop their local high street.The commercial first aired on ITV on Friday, November 9 at 7.45pm and has had ...
16 November 2018
Tong Garden Centre wins Elite Business of the Year
Tong Garden Centre was announced as the Elite Business of the Year at the recent Aagrah Restaurant Group's 36th Annual Dinner and Elite Yorkshire Business Awards that raised £125,000 for charity.Tong's managing director, Mark Farnsworth and ...
15 November 2018
DIY prices on the up
After weeks of unseasonable discounting and, following news that the CPI inflation rate remained unchanged in October, prices of DIY products have shot up 36% since last week, whilst discounts have also become watered down...
15 November 2018
Capital Gardens unveils first changes at Studley Green
Since being taken over by Capital Gardens just eight weeks ago, Studley Green Garden Centre has undergone a significant makeover, with a strong focus on introducing a new extended product offering and improving customer service.In keeping with Capital ...
14 November 2018
House of Fraser to close more stores over rent wrangle
The department store chain is set to close all four of its outlets at Intu shopping centres after failing to agree “reasonable terms” with landlords.House of Fraser, which was bought by Sports Direct owner Mike Ashley in August, revealed the ...
14 November 2018
CPI inflation remains unchanged at 2.4%
The latest figures from the ONS reveal consumer price index inflation was flat on September but experts suggest this apparent stability masks an easing in inflationary pressure at the national and regional level...
14 November 2018
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