Find in the news:
BY COUNTRY

Fastest retail sales growth in three years



Retail sales in the UK have been strong this month, with clothing stores taking advantage of the cooler weather and supermarkets boosting sales with discounts.
According to the CBI retailers’ survey, this is the third month of higher than average sales growth reported and has beaten expectations for October.  It is the fastest sales growth experienced in the last three years over the quarter from August to October.

Retailers are excited about November and are forecasting another increase in sales.  Figures were not the same throughout the market as certain sectors, such as DIY and hardware, seeing a decline during October.  This is indicative of the cooling housing market and the announcement by Homebase recently about closing stores due to a lack of consumer interest in home improvement projects.

The CBI also reported a decline in sales at specialist food and drink businesses, as well as at pharmacies.
The main findings remain upbeat and are in sharp contrast to the earlier report from the British Retail Consortium that online and high street stores had seen their weakest performance since the recession of 2008/09.

The CBI stated that its sales volume measurement for October was 31%, and has remained the same as the balance in September, with 48% of retailers stating increased sales volumes on prior year figures, while 17% stated that they had experienced a decline.  A balance of 25% had been expected by economists polled by Reuters.

The director of economics at CBI, Rain Newton-Smith, said the recent decline in the inflation rate may boost spending, but UK recovery is at risk due to the stalling of the eurozone, Ukraine tensions and Middle East conflicts, which could affect consumer confidence and spending.

Households are still struggling with the decline in real-time wages.  The cooling down of the housing market and potential interest rate hike next year has also affected consumer confidence.

Retailers are living in the hope that they will continue the increased sales volume over the upcoming season.


More about shopping malls in the United Kingdom



May 24, 2024, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
May 23, 2024:
Located on Broadwick Street in Soho, London.
May 22, 2024, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
May 21, 2024, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
May 20, 2024:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
May 17, 2024:
David Beckham has signed a multi-year design deal with Hugo Boss
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us