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Tag: Consumer spending

Retailers sell clothes at half price in huge pre-Christmas discounts | Life and style

Retailers are offering bigger than ever pre-Christmas clothing discounts this year in an effort to win customers against a backdrop of consumer uncertainty, heavy competition and relatively mild weather. Average price cuts could top 50% by Christmas Eve for the first time according to the advisory firm Deloitte, which analysed more than 800,000 online and …

Retailers sell clothes at half price in huge pre-Christmas discounts | Life and styleRead More

What to watch out for when shopping online from work this Cyber Monday

Pictured: (l-r) Rainn Wilson as Dwight Schrute and Steve Carell as Michael Scott in an episode of “The Office.” Justin Lubin | NBCU Photo Bank If you’re like many workers, you’ll be shopping online while you’re working today. A recent survey from Robert Half Technology, a human resources consulting company, found that 52% of employees …

What to watch out for when shopping online from work this Cyber MondayRead More

4 ways to take the headache and hassle out of annoying holiday returns

Returns can be a monumental headache, not only for retailers but for consumers as well — and this year’s holiday forecasts indicate that the 2019 returns volume will be record-breaking. According to Oracle, 77% of consumers “plan to return a portion of their gifts” this holiday season; UPS alone projects that holiday returns will peak …

4 ways to take the headache and hassle out of annoying holiday returnsRead More

Are economic doldrums likely to continue? Experts discuss the data | Business

Andrew Sentance Senior adviser to Cambridge Econometrics and member of the Bank of England’s monetary policy committee (MPC) from 2006-11 The evidence from the real economy over the past month suggests little change to the pattern of stagnation we have seen for most of this year. Both the CBI survey and the official index continue …

Are economic doldrums likely to continue? Experts discuss the data | BusinessRead More

UK retail sales hit by surprise downturn despite big discounting | Business

Britain’s shops were hit by a surprise downturn in sales in the run-up to Christmas after official figures showed a 0.1% drop in October. City analysts had expected consumers to continue their month-on-month spending increases with a 0.1% rise, albeit largely built on heavy discounting by retailers. The fall in sales represented the weakest monthly …

UK retail sales hit by surprise downturn despite big discounting | BusinessRead More

Cautious UK shoppers dent profits at shopping centres owner | Business

Land Securities, which owns shopping centres including Trinity Leeds, Westgate Oxford and Bluewater in Kent, has slumped to a first-half loss after being hit by several store closures as retailers struggle against weaker consumer spending and a shift to online shopping. The last two years have been tough for the UK retail industry, as more …

Cautious UK shoppers dent profits at shopping centres owner | BusinessRead More

Retailers cut 85,000 jobs in past year | Business

Retailers have axed 85,000 jobs in the past year as weak consumer demand, rising costs and the switch to online shopping, exacerbated by Brexit uncertainty, have put businesses under increasing pressure. The job losses in the UK’s biggest private employment sector – with particular importance for women – are the latest sign of a crisis …

Retailers cut 85,000 jobs in past year | BusinessRead More

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 …

UK shoppers shun big ticket items as Brexit uncertainty bites | BusinessRead More