SnapShop Retailer Directory Search

You are here: Home | Blog | SnapShop Monthly Summary - April 2014

SnapShop Blog

SnapShop Monthly Summary - April 2014


Posted At: 29 April 2014 14:00 PM
Related Categories: Administrations, Retail, Retailers


There were two reported administrations in April:

1. Paul Simon fell into administration after the recent flooding hit footfall and sales at its stores. Deloitte was appointed as administrator, and announced that 17 loss-making stores would close before the end of April.

2. Sit-up TV fell into administration following a significant drop in sales despite a recent approval of a Company Voluntary Arrangement with creditors. KPMG was appointed as administrator.

Following the collapse of Albemarle & Bond in March, it was announced that 128 stores had been bought out of administration by an investment group led by Promethean Investments.

in March was up 1.8% year-on-year according to Springboard/BRC data, with high streets recording a 2.6% increase, out-of-town locations up 3% and shopping centres recording a 0.5% decline. This footfall decline in shopping centres has not deterred investment, with research by DTZ revealing that UK shopping centre investment transactions totalled approximately £1.3bn – comprising 13 shopping centres – during the first quarter of 2014.

Whilst footfall was up, March’s retail sales were down 1.7% on a LFL basis due to the late timing of Easter, with total sales declining 0.3%, according to the BRC KPMG Retail Sales Monitor.

UK online sales were up 7.1% in March YoY
according to ONS and up 1.4% when compared to February. With research by Planet Retail revealing that the number of UK shoppers using click & collect is set to more than double from 35% to 76% by 2017, e-commerce grows ever stronger.

In April it was announced that the Healthy High Streets campaign - a new coalition of government, retailers and business leaders - aims to create 3,000 new jobs on UK high streets, boost footfall and reduce vacancy rates. The campaign will initially focus on 100 towns and will build on the review carried out by Mary Portas.

Comments Comments (0) Twitter Twitter


There are no comments for this entry.

Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

Name *
Email Address *  
Comments *
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.


Enter your email address below
to receive SnapShop blogs
straight to your inbox.

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (137)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (193)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retailer View - Weird Fish
Retailer View - Monki
Retailer View - Boden
Retailer View - The Entertainer
Retail Update - November 2018

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×