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



YESTERDAY, USA:
More than 100 stores will open by the end of 2021, including a new experimental concept.
Oct 16, 2021, USA:
The center is scheduled to open in the first quarter of next 2021.
Oct 16, 2021, USA:
The deal was one of the largest ever in the private apparel segment.
Oct 14, 2021, USA:
U.S. company Macerich is changing the rules for short-term rentals.
Oct 14, 2021, USA:
The White House issued a statement warning citizens about possible food supply disruptions.
Oct 13, 2021, France:
No deal of the century: Auchan rejected the purchase of Carrefour
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store


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