article thumbnail

UK Retail Sales Get Further Lift After Lockdown Rules Dropped

PYMNTS

retail sales grew in September at their fastest rate in 18 months, Yahoo! The CBI surveys 123 companies, including 56 retailers. that “the data highlights that there have been clear winners and losers within the retail sector as spending habits have changed.” Retail employment in the U.K. As the U.K.’s As a result, U.K.

Retail 254
article thumbnail

UK Agencies Paint Stark Reality For Retail

PYMNTS

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. These are extraordinary times for the retail sector. retailers are not ready for digital transformation.

Retail 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks’ Brand Value Slumps for First Time Since 2009 Credit Crisis

Banking Exchange

Morgan and Merrill Bank Performance The Economy Retail Banking Financial Trends Management Feature Customers Performance Feature3. US sector takes 5% hit – despite strong performance from J.P

Branding 125
article thumbnail

Retail Reopening Hinges On Dangerous Discounts

PYMNTS

retail reopening. Most reports of mall reopenings and other retail post-pandemic debuts in the U.S. The station also reported that retailers who did see crowds followed strict guidelines. When you look at retail challenges coming out of the financial crisis, price sensitivity was the most important,” she says. “So

Retail 143
article thumbnail

Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

Retail 137
article thumbnail

Record Retail Spending Expected This Valentine’s Day

PYMNTS

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. The lowest spending recorded was during the Great Recession in 2009, at $102.50.

Retail 150
article thumbnail

US Retail Sales And Industrial Output Suffer Declines Due To Harvey

PYMNTS

retail sales fell in August, and industrial output recorded its biggest drop since 2009, due to the impact of Hurricane Harvey. According to the Commerce Department, retail sales dropped 0.2 retail sales of building materials, electronics, appliances and clothing also fell. Motor vehicle sales tumbled 1.6

Retail 129