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Expert View
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There is no doubt that 2005 has been a dreadful year on the high street and as the festive season approaches, most retailers are extremely cautious about their prospects. However, while the economic news has been highly discouraging for those retailers awaiting an upturn in their fortunes, according to retail specialists Verdict there may soon be light at the end of the tunnel ...
Published By Datamonitor
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20 Oct 2005 |
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CommentWire
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The new Polish government of the conservative Law and Justice party has promised to examine the encroachment of hypermarkets into the country's retail sector. However, an element of political calculation is thought to be involved in this: while about 100,000 people are employed in large stores, the retail sector as a whole employs more than 2 million, mainly in small independent shops.
Published By Datamonitor
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21 Nov 2005 |
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Expert View
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John Lewis indicated that sales had surged in the past five weeks, providing hope that Christmas trading may be better than last year. The company's sales last week rose by 5.8 % to GBP62 million against a year ago. While the performance must be encouraging for John Lewis, its rivals must still be hopeful that the Christmas spirit cold weather engenders will drive consumers into the shops.
Published By Datamonitor
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22 Nov 2005 |
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CommentWire
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WH Smith rewarded chief executive Kate Swann with a GBP606,000 bonus last year for transforming the British retailer's fortunes. However while the former Argos managing director's cost cutting program was successful in restoring profits, the group still needs to focus on improving its core books and stationery sales if it is to maintain this momentum.
Published By Datamonitor
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29 Nov 2005 |
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CommentWire
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The leading independent games retailer Game Group has issued a profit warning as gamers waiting for new consoles to arrive on the market hold off on purchases. With limited scope to diversify into other product areas and a growing number of non-specialist competitors encroaching on its territory, Game needs to exploit the festive season to develop an appeal beyond its core customer base.
Published By Datamonitor
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01 Dec 2005 |
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CommentWire
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Christmas shoppers heading for London's West End will enjoy a little respite from petrol fumes and overcrowded pavements on December 17, when Oxford Street closes to traffic. Indeed, a growing number of retailers believe that permanently freeing the street of traffic is the only way to make sure shoppers regard it as an attractive alternative to more pedestrian-friendly out-of-town destinations.
Published By Datamonitor
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08 Dec 2005 |
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CommentWire
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According to the City law firm Eversheds, the appetite amongst private equity investors for involvement in the retail sector remains healthy, despite the general pessimism over retail sales from most quarters. However in the current low growth environment, the fast-return retail bargains of previous years are becoming increasingly few and far between.
Published By Datamonitor
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06 Jan 2006 |
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Expert View
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Despite fears of a slowdown in sales on Britain's high streets, the British Retail Consortium has reported that total retail sales in December 2005 were 6% up on the year before, the best result for any month since May 2004. However these figures should be treated with some caution as they do not account for the myriad exceptional factors influencing Christmas trading this year.
Published By Datamonitor
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10 Jan 2006 |
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CommentWire
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HMV has issued a profit warning after both the HMV music chain and its Waterstone's bookstores performed poorly over the festive period. Competition from online retailers and grocers able to promote discounted deals has hurt the retailer's profit margins. Looking ahead, this threat is unlikely to diminish as HMV's cut-price rivals continue to up their offer.
Published By Datamonitor
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13 Jan 2006 |
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CommentWire
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In an increasingly competitive market, Music Zone's 3.5% rise in like-for-like sales for the five weeks to the beginning of January is impressive when compared to larger rivals HMV and Virgin. The chain's low-cost formula has enabled it to compete with grocery retailers and the business still has room to grow.
Published By Datamonitor
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16 Jan 2006 |
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