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Tag: slump

Third month of flat retail sales as DIY and furniture slump | Business

Retailers were denied a post-election bounce in January following a slump in DIY and furniture sales, according to industry data. The CBI’s monthly distributive trends survey showed that a rise in purchases at department stores failed to offset the effects of weak demand across the high street, translating into flat sales for the third month …

Third month of flat retail sales as DIY and furniture slump | BusinessRead More

Toy industry hit by slump ‘due to Brexit and 2019 election’ | Business

The UK toy industry suffered “difficult” trading conditions last year due to falling consumer confidence as a result of Brexit and the snap general election, manufacturers have said. The British Toy and Hobby Association (BTHA) – which represents more than 80% of the industry in the UK – released fresh figures showing that overall sales …

Toy industry hit by slump ‘due to Brexit and 2019 election’ | BusinessRead More

Dixons Carphone mobile slump offset by TV and hairdryer sales | Business

Dixons Carphone, Britain’s biggest electrical and mobile phone retailer, has suffered a further slump in mobile sales but benefited from a surge in sales of supersize TVs and Dyson hairdryers. The company, which owns the Carphone Warehouse and Currys PC World chains, posted a 9% fall in like-for-like mobile phone sales in the UK and …

Dixons Carphone mobile slump offset by TV and hairdryer sales | BusinessRead More

Argos toys slump dents Sainsbury’s Christmas sales | Business

Poor sales of toys and video games dented Argos’s performance over Christmas as the chain’s owner, Sainsbury’s, said nervous shoppers were holding on to their cash. Sales of general merchandise at the group slid nearly 4% in the 15 weeks to 4 January. Argos also lost market share in toys as it ditched its traditional …

Argos toys slump dents Sainsbury’s Christmas sales | BusinessRead More

Quiz warns of store closures after retailer’s high street sales slump | Business

The fashion brand Quiz has made a £6.8m loss after sales fell across its high street store chain and concessions, forcing the retailer to warn of further store closures. Quiz, which operates 246 UK stores and concessions, reported a year-on-year sales slump of 11% across its UK retail estate in the six months to the …

Quiz warns of store closures after retailer’s high street sales slump | BusinessRead More

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET Retail

San Francisco, Oct 24, 2019 -Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon’s spending to speed up most deliveries to one day. Revenue climbed 24 …

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET RetailRead More