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Next Entries »Gap sales continue to slide
Thursday, April 9th, 2009Gap sales have continued to fall 6 per cent for the five weeks to April 4 on last year with comparable sales down 8 per cent.
Comparable store sales in March, although down, were an improvement on the same period last year when like-for-like sales dived 18 per cent.
International sales, including the UK, were down 5 […]
Retailers concerned over rate supplements
Monday, January 12th, 2009Extra business rate supplements could push up annual costs paid by retailers to £7bn, the British Retail Consortium (BRC) argued today.The BRC said supplements, added to business rates revaluation and the loss of empty property relief, will mean retailers will be under increased pressure when times are already tough.Director general Stephen Robertson said: “Many retailers […]
Shares tumble as recession fears deepen
Monday, October 27th, 2008London’s FTSE 100 fell 5.6% to 3,665 at one point today, this represents the lowest level since April 2003 as investors continue to worry about the global economic slowdown.
Investors’ fears were brought to light after last week’s news that the British economy shrank for the first time since 1992, according to figures from the Office […]
Zara takes global fashion top spot
Wednesday, August 13th, 2008Zara has overtaken Gap to become the largest fashion retailer by sales in the world.
The Spain-based Inditex chain edged ahead of US-based retailer Gap as Zara’s sales rose 9 per cent to €2.22 billion (£1.75 billion) in the first quarter of it financial year.
For the same period sales at Gap dropped 10 per cent to €2.17 […]