News

Business group predicts decline in GDP growth

UK gross domestic product (GDP) will grow to 2.2% in 2011 but will decline in the medium-term, the British Chamber of Commerce has predicted.

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Retailers reveal need for channel diversification

Mobile Commerce (M-commerce) is the number one channel retailers expect to enter over the next three years.

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Jimmy Choo considers IPO

The owner of fashion label Jimmy Choo plans to appoint investment banks to advise it on strategic options, which include a possible initial public offering valuing the company at about £500 million.

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Social Media challenges search for consumer influence

Online retailers should not rely on search to drive business, with the latest quarterly survey from IMRG and The British Population Survey showing that the use of social media has increased fourfold in the last two years.

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Service sector profits decline

Small businesses in the services sector have seen profitability fall unexpectedly, according to the latest research by the Confederation of British Industry.

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Emerging trends which could soon be hitting shelves in the UK

Popping candy enriched with vitamins, anti-aging candy chew and tea containing collagen are just a few of the latest consumer goods identified by Product Launch Analytics which could soon be available in the UK.

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42.6 Percent of Brits are Shopping Online at Least Once a Week

Average spend reaches £71 per month on online goods as growth for the British online retail market is continuing to climb.

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Confidence rises for the first time since February

The GfK NOP Consumer Confidence Index increased by four points this month to -18.

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One third of companies believe their intellectual property has been stolen

While snooping continues to rise, IT security is making it harder for insiders to get around controls that protect highly-sensitive information

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Snow+Rock acquires Runners Need

Snow+Rock has acquired independent retailer Runners Need for an undisclosed sum.

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World Cup boost for DSG International

DSG international says total group sales were up 3% in sterling and like for like sales up 3% in the twelve weeks ended 24th July.

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Britain's Savvy shoppers demand more from loyalty programmes

New research reveals that the downturn has led to a significant shift in consumer attitudes and the emergence of a new 'Savvy Shopper' whose number one priority is to get better value for their money.

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Zara launches e-commerce site

Zara is set to launch an e-commerce site tomorrow (2nd September), which will offer customers the option of 48-hour delivery.

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Small business advertisers set to benefit from extensive reach of Facebook

Yell is to give a strong boost to small businesses in the UK through enabling targeted advertising on Facebook as part of its netReach product.

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Determined bargain hunters actually spend more on their online shopping

'Cut throat' shoppers typically spent £823 more online over the last six months than those who usually pay full price

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UK retailers move into Egyptian market

A move into the Egyptian retail market could prove lucrative for UK retailers.

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EBay to promote its fashion credentials with major advertising push

EBay is launching a marketing campaign to promote its "Fashion Outlet" business to grow its share of the high-end fashion market.

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Dwell secures funding for nationwide store expansion plan

Dwell, the contemporary furniture and home accessories retailer, is on course to make its bullish expansion plan a reality after securing a £5 million equity investment from independent private equity house, Key Capital Partners.

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VAT rise inconvenient but not the darkest cloud on the horizon

The latest white paper from the KPMG/Synovate Retail Think Tank which was published this week looked at the effect of the VAT rise on the retail sector. By Helen Dickinson

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Retail round up - the Sunday papers

Diageo to back deal on alcohol, Swedish retailer plans UK expansion, World Cup and iPad rescue DSG, Vodafone in Chinese sell-off, Bread wars, Tesco to cut 2,000 top roles, Argos sues over price rise

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