JUNE TRADE NEWS

Manchester businesses look to council help to thrive

Wholesaler praises local retailer


Three convicted of selling fake goods on eBay

Retailers rejoice as Tesco planning application is rejected

Haul of illegal lighters seized by Trading Standards

Canterbury MP pledges to fight illegal street traders

Retailers report June slowdown

Retailers welcome Edinburgh redevelopment approval

Government to improve Cornish infrastructure

eBay asks EU to look at online trading rules

Tesco criticised over misleading planning application

Chester's council looks to save city-centre retailers

US firm gets tough on eBay counterfeiters

Wholesalers report slowing sales in first quarter

Government looks to extend Sunday openings for garden centres

Merseyside bridge tolls worry small firms

Retailers 'have shielded consumers from price rises'

HMRC cutbacks 'could hurt small firms'

Retail sales surge in the UK

New Scottish unit looks to tackle rogue traders

Welsh men face court for selling fake goods in eBay

FPB backs Lords criticism of business tax changes

Government urged not to add to retail pressure

Small firms urged to continue to network

Consumers plan to continue to buy clothes

Retail sales in London soar

Consumers 'still spending on green items'

Businesses worried about sales in the coming months

FSB blasts government agency workers deal

NI retailers urged to tackle shoplifters

Scottish SMEs told to use internet to reach global market

Workplace stress 'hits small businesses hard'

Lords say businesses hurt by tax changes

Rail transport services 'could become cheaper for wholesalers'

Organisers 'need to make sure SMEs get involved with 2012 projects'

Consumer confidence plummets, hitting retail spending

Manchester congestion charge 'could be bad news for small businesses'

Retail sales recover in May

Cambridgeshire business protest higher parking charges

Women start small businesses to increase flexibility

BRC calls for end to EU anti-dumping tariffs

BRC welcomes interest rate decision

eBay guilty of selling counterfeit goods

Retailers not passing on 'full impact' of rising costs

Dream of being own boss can 'blind people' to business difficulties

BCC determined to boost success of sole traders and startups

Independent retailers help Wrexham become 'top shopping town'

Online retail sector continues to boom

Business startups can benefit from relocating

Birmingham urged to help smaller retailers

Walsall developer backs Dragon's Den style competition

Trade News Archive June 08 May 08 April 08 March 08 February 08
January 08

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16th June 2008

Retail sales in London soar

Retailers in London have reported sales jumped significantly in May.

The British Retail Consortium (BRC) and KPMG published data that indicated that retail sales in central London were 8.2 per cent higher in May on a like-for-like basis.

This compared to a rise of 1.9 per cent across the UK in general and the 6.3 per cent increase recorded in London in May 2007.

According to the research, sunny weather and sales events boosted clothing and footwear sales. It added that big-ticket items like furniture continued to prove hard to sell, reflecting the housing market weakness and squeeze on household budgets.

Stephen Robertson, the director general of the BRC, commented: "Central London sales growth rose to its highest rate since February as summery weather finally arrived in early May.

"Shopper numbers were up on a year ago thanks to sun and sales bargains."

Helen Dickinson, the head of retail at KPMG, added: "Once again, we see a wide variation in individual retailer performance across the capital. Many have taken advantage of the tough economic backdrop to bring forward high levels of promotional activity to drive footfall and increase sales.

"Whether this is sustainable and what the cost is to the margins of some of the retailers operating in central London will only become apparent in the coming months."

 

(c) 2008 Adfero Ltd.

 

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