SnapShop Retailer Directory Search

You are here: Home | Blog | Retail Update - January 2015

SnapShop Blog

Retail Update - January 2015


Posted At: 28 January 2015 10:00 AM
Related Categories: Administrations, Retail, Retailers


Since our last update, and indeed since the start of 2015, there have been two administrations recorded on SnapShop – Bank and USC – with Austin Reed announcing a Company Voluntary Arrangement and store closures.

Looking back over the past three years, the first quarter has been consistently the biggest period for retail failures, and it is believed that 2015 could see even more companies collapse:

There are several reasons why January is notorious for this - retailers who may have been struggling prior to the festive period will most likely have been given a period of grace to turn performance around. Banks and suppliers will be watching like hawks, poised to pull the plug if and when they sense that hasn't happened. The quarterly rent date occurs on December 25, and VAT is due on January 31, meaning it is a particularly punishing time for cash flows.

December on the whole marked a positive end to 2014 despite having seen its slowest month of growth since 2008. Figures from the BRC-KPMG Retail Sales Monitor show that retail sales edged up 1% on a total basis. Sales on a like-for-like basis, however, were down 0.4% as Black Friday pulled forward some festive sales into November.

New figures from the IMRG Capgemini e-Retail Sales Index revealed that online sales grew by 14% to £104 billion in 2014. The figures also show that annual online spending broke the £100 billion barrier for the first time. For 2015, IMRG and Capgemini are forecasting growth of a further 12% with total online sales estimated to be worth £116 billion by the end of the year. In the eight weeks to 27 December, UK shoppers spent £21.6 billion on gifts and bargains which was 13% more than the same time last year.

Global Blue has revealed that international spending from tourists in the UK reached the highest level on record for December in 2014, breaking the previous year’s record by rising a further 11% on the 40% year-on-year increase seen in December 2013. 

Further highlighting the success of 2014, research by CBRE revealed that investment in UK shopping centres had reached its highest level in nine years. In 2014, £5.6bn of investment transactions were completed in the UK shopping centres, an increase of 33% on the £4.2bn transacted in 2013 and well above the ten-year average of £4bn per annum. 2014 saw some landmark transactions with the largest deal being Land Securities’ £656m purchase of Lendlease’s 30% stake in Bluewater.

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. ×