UK shoppers shun big ticket items as Brexit uncertainty bites | Business

UK shoppers shun big ticket items as Brexit uncertainty bites | Business

Retail sales failed to bounce back last month from a drop in August as Brexit uncertainty deterred shoppers from splashing out on big ticket items. The volume of sales was flat and the value down by 0.2% in September with a further slump in department store sales offsetting a modest rise in clothing and supermarket […]

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Retailers call for action as high street store closures soar | Business

Retailers call for action as high street store closures soar | Business

Retailers and unions are calling for urgent government action to help struggling high streets as new data shows the number of shops, pubs and restaurants lying empty is rising at the fastest pace in nearly a decade. About 16 stores closed their doors every day in the first half of 2019 while only nine opened, […]

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Boost UK economy with higher wages and more days off – report | Business

Boost UK economy with higher wages and more days off – report | Business

Giving workers more public holidays and raising their wages could boost the strength of the British economy, according to a report. The New Economics Foundation said that driving up the spending power of consumers would give firms a greater incentive to raise their productivity, as they could have greater confidence there would be demand for […]

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Keeping calm and carrying on? What’s really behind strong consumer spending in Brexit Britain

Keeping calm and carrying on? What’s really behind strong consumer spending in Brexit Britain

Britain’s economy has long had all of its eggs in one basket and that basket is not as sturdy as it looks.  I’m talking about the fact that spending by consumers – rather than, say, investment by businesses – accounts for over 60 per cent of our GDP. Judging by the latest official numbers, that […]

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Consumer spending at weakest since mid-90s amid Brexit chaos – BRC | Business

Consumer spending at weakest since mid-90s amid Brexit chaos – BRC | Business

Fears that Britain’s economy has come to a standstill have been heightened by a report from retailers showing annual consumer spending at its weakest since their records began in the mid-1990s. The British Retail Consortium said clarity over Brexit was urgently required after falling sales in June came as a marked contrast to the bumper […]

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Why the high street still isn’t doing enough for customers with disabilities | Fashion

In December, on International Day of Persons with Disabilities, the Department for Work and Pensions (DWP) announced that the government was recruiting six “disability champions” to help “tackle the issues disabled people face as consumers”. One of these positions was reserved for a fashion disability champion who would, the DWP claimed, “open industry doors”. Five […]

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DVDs have had their day as shoppers go skimpy and sustainable | Business

Some 20 years after the first DVD players went on sale, they’re history. John Lewis won’t be restocking when the current players have sold out, the retailer said, after a 40% dive in sales this year. The DVD player’s demise is revealed in the annual snapshot of buying trends compiled by the department store group. […]

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UK retail sales fall in September as shoppers spend less on food | Business

A strong summer for Britain’s retailers came to an abrupt end in September as weaker demand for food hit supermarkets and dragged down spending overall. The latest spending snapshot from the Office for National Statistics showed the volume of sales for shops and online businesses had dropped by 0.8%, twice the monthly fall analysts had […]

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Sharp slowdown in consumer spending cools UK retail sales | Business

Britain’s retailers experienced a sharp slowdown in consumer spending last month, bringing to a close the World Cup-inspired summer spree on the high street. According to the British Retail Consortium (BRC) and the accountancy firm KPMG, growth in total sales dropped to the weakest level in almost a year. Total sales grew at an annual […]

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Evans Cycles seeks buyer after failing to mount rescue bid | Business

The bike shop chain Evans Cycles is urgently seeking a buyer as the retailer battles to survive amid tough high street trading conditions, including the rise of online competition and the cost of running stores. The retailer’s management team needs to find £20m to fund a rescue plan, but its backers and bankers were understood […]

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