Consumer Spending Slumps 8th January 2018. UK household spending fell by 0.3 percent in 2017 compared with the previous year, according to figures from Visa. The festive period was a particularly disappointing time for retailers, with spending down 1 percent

Retailers Expect Struggle With New Accountancy Standards 4th January 2018. Up to 90% of UK high street retailers are not keeping competent accountancy records and are potentially living beyond their means, according to analysis by Aptitude Software. Aptitude Software estimates that

Thousands of Retailers in Distress This Christmas 21st December 2o17. Nearly 45,000 retailers are in financial trouble this Christmas as rising inflation and the squeeze on household budgets are having an impact on high street spending. There has been a

UK Sales Look To Recover 14th December 2017. UK retail sales rebounded strongly in November as shoppers proved they are not cowed by rising prices and struggling wage growth. Sales figures climbed by 1.6 percent last month, defying the 3.1

Troubled Furniture Retailer Scrambles For A Buyer 13th December 2017. UK-based furniture retailer, Multiyork, went into administration last month but is now searching for a buyer to avoid leaving 500 workers without a job. The Norfolk-based firm has already told