TRADING UPDATE NEWS
Spend in London’s West End is expected to surge 25% to £12.5bn by 2020, driven by Asian and US tourists shopping in the area.
Consumer confidence held steady in February, beating analysts’ expectations and maintaining the three-point gain in January, which took it to -26.
Retail sales are forecast to fall 0.7% in March, dropping well below the 10-year average of 3.2% amid “bleak” prospects for the sector.
Growth in sales volumes slowed in February as supermarkets reported the biggest decrease since November 2008, according to the CBI.
The cost of running retail businesses has soared by £20bn since 2006, driven by centrally set costs such as business rates.
Pawnbroker Albemarle & Bond’s pre-tax profits dropped 33% to £8.1m in its first half to December 31. However, retail sales jumped 16.7% to £10.5m, with profits up 32%.
Me and my shop
Harriet Kelsall’s Cambridge store is more designer’s studio, with pieces crafted around the customer.
Lunn’s has been a Belfast staple for years, and director John Lunn says it’s all down to teamwork
With luxury watch sales booming, the stage is set for an even bigger and better BaselWorld this year. Over the next 15 pages, we give you a tour of the expanded halls and our pick of the stands
This year promises a rich variety of trends in men’s watches: retro, futuristic, classical, sporty, neo-Gothic… it’s all going to be at Basel. Alex Doak selects some of Hall 1’s finest