SnapShop Retailer Directory Search

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

SnapShop Blog

Retail Update - October 2015


Posted At: 22 October 2015 15:32 PM
Related Categories: Administrations, Retail


Although there have been no recorded administrations on SnapShop again this month, all is not necessarily well on the high street. Quiksilver and American Apparel, who both filed for Chapter 11 bankruptcy in the US, have secured new financing packages enabling them to exit bankruptcy and restructure their operations ; and, Sports Direct and Direct Golf are currently locked in a legal battle of ownership for the golf brand.

Concern is also rising over the proposed changes to Sunday trading laws, with a number of MPs opposing the relaxation of hours, and new figures from Bira have revealed that traditional independent retailers have closed more stores than opened them in UK town centres in the first half of 2015. There was a net loss of 144 independent stores (0.14%) across all sectors in the first six months of this year, compared with a net increase of 289 stores (0.28%) for the same period in 2014. 

But it is not all doom and glooms. The latest set of figures from the Office for National Statistics reveal that retail sales rose by 6.5% in September year-on-year despite average store prices falling by 3.6%, and supermarket price wars have left the average household better off by £58 a year, according to Kantar Worldpanel. 

Figures released by the British Retail Consortium and Springboard in their monthly footfall monitor show that retail footfall in September was 0.2% lower than the same month a year ago. The figures show that high streets and shopping centres experienced declines of 1.4% and 1.3% respectively. Despite the fall, this was best performance recorded by high streets for seven months. 

Interestingly, the eating-out sector is booming, with the managed pub and restaurant groups recording steady growth throughout 2015, boosted by new openings.

The latest Barclaycard Consumer Spending Report found that consumer spending in pubs had risen by 11.6%, and restaurants by 12.6% between 23 August to 26 September, marking the sector's 26th month of consecutive double-digit growth. 

Black Friday looms again next month, with shoppers expected to spend at least 30% more on Black Friday and Cyber Monday this year, compared to 2014. It will be interesting to see if this is realised and if retailers have learnt from their mistakes last year.

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. ×