The Summary
Signature Brands (the supply group that operates the Paul Costelloe, Four Seasons and Dannimac brands), Azuri, Sam Thomas and Shakeaway went into administration since our January Update. Four retailers are new to UK including Core Spirit, Green Cauldron Coffee, Jacobson Group and Timeout Jeans – see our new retailers section.
Birth and Death of Retailers 10
5
0 Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan09 09 10 10 10 10 10 10 10 10 10 10 10 10 11 In Adminis tration
New Retailers
In the news… A cold month overall with business (Bargain Booze, Bench, Hooch and Jaeger) being put up for sale. It was interesting to note that two of the retailers namely Paul Costelloe, and Shakeaway were shaken with appointment of administrators but were rescued relatively quickly. Presence of retailers in social networks, launch of Facebook shops seems to be trending recently. Acquisition of Kiddicare by Morrisons for £70m may be just re-enforces the above trend. In all this business transformation, royal wedding fever is upbeat as chefs are invited to a cake design competition to celebrate the forthcoming royal wedding also one might even be able to celebrate on Royal Wedding weekend with extended opening hours to restaurants and pubs on Saturday 30 April and Sunday 1 of May. Last but not the least FSP’s retailer of the month award goes to “Waitrose” as it dominated the news as its opens first store in the Channel Islands, huge expansion plans underway, introduction of Little Waitrose, winning annual supermarket satisfaction survey etc…
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Geoff’s View
The Changing Face of UK Retailing Visiting the first Discount UK outlet, the new fascia from Poundworld, prompted some thoughts about the dynamism of UK retailing. The Discount UK proposition is to offer a wide variety of branded, mostly household, products at discounted prices. There is no great depth within each merchandise category but major brands are on offer. The store environment is bright, well laid-out and tidy. The proposition is not unique – it has been part of the Wilkinson offer for years – but it represents another challenge to specialist retailers. Needing to restock my current preferred everyday writing implement, a Mitsubishi Uni-ball, I discovered it was available from Discount UK, Wilkinson and Ryman. Ryman had it at a price significantly higher than the other two but within a much broader product offer. Within a self-serve environment, no alternative to the Uni-ball caught my eye and I was offered no assistance. Given the high fixed costs of retailing, the loss of turnover on best selling lines has a severe impact on profitability. Added to the current wider economic conditions, new competition cannot be much welcomed by existing players. If specialist retailers are to survive, they will have to emphasise their specialism, recognising all its implications for the definition of the target customer and how best to meet their requirements. The population required to provide sufficient customers for a stationery specialist, for example, is quite large. Logically therefore, the emerging distinction between relatively few large shopping locations that can support specialist shops, the majority that can support only mass market retailers and locations where retailing is ancillary to its leisure attractions, will be reinforced. This is of course a familiar pattern within the village context. Unless they are a tourist attraction, they already have, at best, just a convenience store, some services such as a hairdresser and a pub - comparison shopping takes place in the neighbouring town. This process of increasing specialisation is now moving further up the retail hierarchy, facilitated by internet shopping. Remaining at the lower levels of the hierarchy will be “convenience” stores, large footprint outlets that generate the necessary volume of business to be profitable with limited merchandise margins, services such as pawn broking, shoe repair and hairdressing, and a leisure offer that will include restaurants and cafes. While such a development creates challenges for retailers and property owners, the driver is the consumer who benefits. The customer indeed is king.
With kind regards
Geoff Nicholson Managing Director, FSP geoff@fspretail.co.uk
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New Retailers Camper
is to launch an online venture Medwinds selling lifestyle fashion exclusively online
Core Spirit
has launched its first standalone store in Londonâ€&#x;s New Bond Street - with its own in-store catwalk
Green Cauldron Coffee Jacobson Group
has opened in Liverpool, as part of a ÂŁ12.5m investment to break into the UK market
Timeout Jeans
is seeking shops between 1,500sq ft and 2,500sq ft in shopping centres & high streets across the south of England
Kate Spade
is close to securing its first UK store. It is under offer to take Ted Baker's 2,500 sq ft shop at 9-10 Floral Street
has agreed a licence to design, develop and distribute Babycham branded footwear, accessories & apparel in the UK, Europe & North America
Store News Abercrombie & Fitch
and its sister brand Hollister are set to make their Irish debuts
Albemarle and Bond
is rolling out a new fascia across its portfolio as it looks to revamp its image as its retail sales fall in the face of soaring gold prices
Amazon
has launched a lingerie range on its UK site as it seeks to widen its fashion offer
ASDA
has launched a dating website (asdadating.com) to pair up singles looking for love based on their shopping habits
Avon
has launched a social networking site to connect its sales people with new & existing customers
Barratts
has increased its email conversion rates after an overhaul of its e-commerce strategy
Bestseller House
has once again increased its stake in etailer Asos and now owns just over 20% of the company
Browns Restaurant
along with Pesto and the Handmade Burger Company has taken restaurant space at Hammerson's proposed extension to the Birmingham Bullring
Burberry
is to take the store on Regent Street which is currently occupied by Habitat
Cafe Rouge
is trialling a fast-service version of itsbrand outside London's Euston Station
Canterbury Of New Zealand
is to open a store in Bath, its first to offer only its lifestyle ranges
Chinese Buffet
is to take largest restaurant space in the food area of Trinity Walk, Wakefield
Crew Clothing
has launched a new user friendly website as part of a company-wide rebranding programme
Debenhams
has opened a pop-up shop to celebrate the launch of its latest designer collection, Edition
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Domino's Pizza
is planning to add around 55 stores this year to its existing 665 stores portfolio
Domino's Pizza
is to open up to 43 stores at motorway services operated by Moto, as part of plans to almost double its outlets by 2020
Everything Everywhere
is to open its first high street store located in Altrincham followed by openings in Bishops Stortford and Eltham
Fonehouse
is ramping up the roll-out of its new store format as it plans to triple its store count by early next year
Foyles
is to open its first store outside London in 70 years after it signed a deal with Land Securities and Hammerson to take a 5,500 sq ft store at their Cabot Circus shopping centre in Bristol
French Connection
is to follow ASOS & launch a dedicated Facebook store in a move to ramp up its ecommerce services
Fresh & Easy
Tescoâ€&#x;s US business, is considering smaller stores as it seeks out new locations in northern California
Gap
is continuing its international expansion after extending its online shopping to eight more European countries
Go Outdoors
will decide whether to push the button on a float of the business early next year
H&M
is to relaunch its global websites in a bid to make them more consumer friendly
Habitat
has launched a new website for customers in the UK, Germany and France
Haldanes Stores
is to invest in a raft of initiatives to revitalise the hard discounter model when it launches its “Netto plus� chain at the end of April
Henleys
is planning to more than double its number of UK stores by expanding into around 20 new locations as it revamps its brand
John Lewis Partnership
is poised to expand into Europe by bolstering its website to attract international orders from up to 25 European countries also enabling the retailer to gather data on which cities could support physical department stores
Kiddicare
is moving into consumable products such as nappies & food, in a bid to build repeat visits to its website
Masala Zone
has announced plans to expand outside London & is currently looking for sites in the south east and believes it has the potential for up to 50 sites in the UK
Net-a-Porter
is to launch its own digital TV station to air on its website
Ocado
has launched a microsite aiming to take a slice of the pet products sector
Papa John's
plans to open 40 stores in the UK with intention of expanding outside of the M25
Paul Costelloe
is to launch its first ever pop up shop shortly after the designer opens London Fashion Week
Pizza Hut
will focus on expanding its delivery stores over next couple of years across the UK
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Primark
will open a flagship store at Metrocentre, making it the centre‟s third new anchor inside two years, following the Odeon and TK Maxx
Primark
to trade in Queensgate shopping centre for Christmas trading next year
Sushisamba
has signed a lease to operate the restaurant and sky bar at the top of London‟s Heron Tower - spanning a total of 13,423 sq ft has unveiled plans to transform Wolverhampton's Royal Hospital site into a 139,800 sq ft superstore
Tesco plc
Thomas Sabo
is to open a store at Capital Shopping Centre's Lakeside scheme in Essex
Waitrose
will open five stores in the Channel Islands, its first outside the UK and is to take a 12,969sq ft store on the corner of Acorn Road and Osborne Road site in Jesmond, Newcastle
Waitrose
is trialling a new fascia for its convenience stores, Little Waitrose with first one on London's Old Brompton Road
Wilkinsons
has taken a 19,000sq ft anchor unit at the Gates Shopping Centre in Durham on a 15-year lease at £200,000 a year
Wolf & Badger
has launched a transactional website which has attracted 1,000 visitors a day since its launch
Woolworths(.co.uk)
has branched into arts and crafts, launching a dedicated offer on its website
Zizzi
part of Gondola Holdings, is to open in Uxbridge at a former Auberge site
Financial Restructuring Alexon Group
whose brands include Ann Harvey, is looking to exit or re-gear 20 shops across the UK
ASOS
launched a Facebook shop allowing its 390,000 fans to buy its clothes without leaving the Facebook site
Bargain Booze
has been put up for sale with a price tag of £90m
Bench
and sister label Hooch have been put up for sale for about £250m
Blacks Leisure Group
hopes of takeover bid are fading after several interested parties walked away from discussions with the outdoor leisure retailer
Champion Sports
has been bought by JD Sports Fashion which has agreed to advance £14.7m by way of a secured loan to allow Champion‟s outstanding debts, excluding finance lease commitments totalling £2.2m, to be settled
Clas Ohlson
is planning to expand its chain of 11 hardware stores with up to six new outlets a year
Comet
will shut 14 of its service centres and has begun consultations with 411 affected staff as it seeks to make redundancies
Co-operative Group
is to create 1,700 new management jobs in its food stores over the next few months
Hamleys
has been put up for sale by Icelandic bank Landsbanki which it has a 65% stake
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House of Fraser
stakeholder Landsbanki that holds a 35% stake, denied that its holding in the department store was up for sale
J Sainsbury PLC
plans to open more than 1,000 Fresh Kitchen sandwich shops that could rival Pret A Manger
Jaeger
has reportedly been put up for sale by owner Harold Tillman. Banking Group Rothschild have been appointed to consider strategic options for the business
Jewel Nation
and HPJ Jewellers have been bought out of administration by Gordon Brothers saving 329 jobs
Jimmy Choo
owners are likely to put the firm up for sale, according to people familiar with the situation
JJB Sports
was heading for a battle with its landlords and other retailers after confirming its CVA is to include the renegotiation of two-fifths of its rent payments
Jones Bootmakers
one of the high street's oldest shoe shop chains has been snapped up by a Dutch retail giant, Macintosh, after a five-month sale process, landing its owners a £40m payday. It is to run as separate chain from Macintosh's other footwear chain Brantano
Joules
has hired Rothschild to advise on its growth and the potential sale of a minority stake
Morrisons
has bought online baby products retailer Kiddicare for £70m
Nokia
is said to be looking to expand its global chain of 40 mobile phone stores to 200 over the next two years, with the focus on existing markets such as the UK
Novus Leisure
is understood to be in exclusive negotiations to buy Balls Brothers, the London wine bar business currently in administration
Shakeaway
has been rescued by corporate recovery specialists Begbies Traynor
Signature Brands
the supply group that operates the Paul Costelloe womenswear collection and the Four Seasons and Dannimac brands, went into administration in late January of which Paul Costelloe has been rescued from administration by Portuguese supply group Calvelex
Suits You
former owners, Peter Lucas and Arafa Holding have acquired 12 of its 66 stores through Baird Group & relaunched them under the Suitdirect fascia
Vergo Retail Ltd
administrators have appointed specialists to sell off the brand assets of the group
VF Corporation
has signed a deal to buy premium denim brand Rock & Republic for $57m (£36.8m), deal to be finalised by April 2011
WH Smith plc
has brought 22 stores from British Bookshops and Stationers for just over £1m
Internal Restructuring Aldi
has launched a new ad campaign highlighting „brand-like quality‟ of its products
Arcadia Group
is considering returning its manufacturing from overseas to the UK
ASDA
is selling cheapest e-readers for £52 which is less than half the amount Amazon charges for
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its Kindle B&Q
has signed up with TV property experts Kirsty Allsopp & George Clarke as part of its campaign to make home improvement easier
Clarks
will launch its first international advertising campaign for its Clarks Originals collection next month when it will also open a pop-up store for the sub-brand at its store in London‟s Regent Street
Co-op Retail
has introduced a new product range (Taste the Seasons) to reflect the British seasons aiming to cash in on the growing desire for seasonal foods
D&D London
is slashing the prices of its fine wines across its 20 restaurants in the capital
Dixons Retail
is testing Office Depot shop-in-shops in its stores
Game
has struck a deal with Microsoft to sell downloadable games in its stores
Habitat
is closing its Regent Street store in Central London because it "no longer fits" with the retailer‟s strategy
Harrods
has started to accept UnionPay, the Chinese debit and credit card, in an attempt to pull in the spend of Chinese tourists
Hed Kandi
has shut its two stores at Bluewater and Liverpool One, less than a year after opening
HMV
has started the first phase of its store closure programme
Hobbs
is to feature in a BBC series about teaching young people about the world of work
Homebase
is partnering with celebrity chef Jamie Oliver & has launched a range of grow-your-own fruit, vegetables & herbs
House of Fraser
is planning to roll out the Biba brand in more of its 63 stores after last year‟s successful relaunch of the iconic 1960s fashion label
Lions Rampant
is to be renamed Rampant Sporting & will unveil its new-look logo at trade show Pure London
McDonalds
is making its first foray into shared meals in the UK with the countrywide launch of a 20piece Chicken McNuggets ShareBox
Moss Bros
is ready to roll out a bespoke tailoring service in about 50 of its UK stores, funded by sale of its 15 Hugo Boss franchise stores
Net-a-Porter
will be launching a website which will feature meanswear and style advice
O2
to offer free public internet hotspots across the UK, even to non-customers through partnerships with restaurants, shops, and high-street retailers across the UK
Orchid Group
has teamed up with Express Newspapers to become the first pub operator to sell newspapers & magazines directly to customers
Peacocks
has partnered with Daisy Lowe to launch a range of retro-inspired swimwear designed by the model
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People Tree
has unveiled its spring 11 collaboration with actress Emma Watson
Poundworld
is to roll out its multi-price format, Discount UK, as it opens its second store in Stevenage
Sainsbury's Supermarkets
in partnership with British Gas have introduced in-store energy centres (Sainsbury's Energy)
Tesco plc
clothing arm F&F has teamed up with Mark Fast to sponsor his autumn 11 catwalk show at London Fashion Week
Waterstone's
to close 11 stores as part of parent HMVâ€&#x;s plan to shed 60 stores across the group this year
Zara
has created a kidswear collection for its Zara Home Kid range in collaboration with Liberty print fabrics - collection is available at zarahome.com
General UK Property Market
grew in value by 8.9% in 2010, almost double that of its nearest European competitor, according to the latest research by CB Richard Ellis
ASDA
has been told by the Advertising Standards Authority to make its marketing of its Price Guarantee offer clearer to consumers & highlight that it does not cover non-grocery products
Clothing Spend
25% of young people plan to spend less on clothing in the start of 2011, with working women aged 20-24 most likely to cut back, according to research by Mintel. However, purchases by young people in the UK has helped the 16-24s clothing market grow by 17% over the last five years, according to a different study by Mintel
Collect+
a new parcel delivery service based from 3,500 corner shops, in direct competition with the Post Office
Co-operative Group
is set to improve its product availability as it rolls out a stock management system it inherited from Somerfield
Empty Properties
Government plans to scrap rate relief on empty commercial properties could force landlords to consider "constructive vandalism" and "ways to get round the legislation"
Empty Shops
level across the UK has risen to an all-time high, according to figures from The Local Data Company
Esprit
has vowed to stop using the controversial sandblasting technique in its global production chain with immediate effect
Food Prices
will soar 50% over the next 40 years because of supply shortages, according to scientists
H&M
is to launch a sustainable fashion range in April, made from eco materials such as organic cotton and recycled fabrics
HM Revenue and Customs
is increasingly rejecting company voluntary arrangements (CVAs), according to a turnaround specialist from K2 Business Rescue
J Sainsbury PLC
is to source all of its Fairtrade cotton from a co-operative supplier in Gujarat, India
Jack Wills
is to expand further internationally, with the US, Europe and the Far East in its sights
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Jaeger
is to enter the Russian market with two Jaeger London stores
Jimmy Choo
is set to take control of its Japanese retail business & open a string of stores in the country
Leading Retailers
face higher staff costs due to this year‟s extra bank holiday for the Royal Wedding
Location Marketing
deals are offered by retailers including Argos & Debenhams who have teamed up with Facebook
London's West End
stores have seen strong growth in sales in January, despite the rise in VAT and sluggish wage growth
Market Share
of the fast-food sector in the UK grew by 55% to reach a market value of £8bn in the decade to 2009, data from Mintel shows
Marks & Spencer
plans to open a new store on the Champs-Elysees in Paris
New Look
private equity backer slashed the value of its holding in the fashion chain by nearly 50%
Prices
of everyday goods and services are rising about twice as rapidly as average wages, inflation figures confirmed, which means that the standard of living of many Britons is already falling
Ralph Lauren
is laying out a long-term strategy to open its own stores in Chinese retail market
Retailers & Wholesalers
falling into administration continued to decline in the final quarter of 2010, as per new figures by the Insolvency Service
Rising Costs
of sourcing in Far East and heritage trend trigger huge increase in orders for British factories
Royal Wedding
will see the government granting extended opening hours to restaurants and pubs, allowing venues in England & Wales to serve food & alcohol until 1am on the festive weekend
Shopping Experience
London, Glasgow, and Manchester offer the best town centre shopping experience according to research conducted on more than 700 town centres
The Dune Group
has stepped up its overseas expansion plans to target 250 Dune stores outside of the UK by 2015
Topshop
to feature new capsule collection by David Koma
Key Staff Changes
took place in Robert Dyas, Republic, Best Buy, Morrisons, Comet, Brand Alley and Gucci
Property Allied London Properties Limited
is joined by IM Properties to buy all the retail & leisure property in Manchester's Spinningfields from Delancey & the Royal Bank of Scotland in a deal that values the assets at £45m
ASOS
has appointed Knight Frank to review its office strategy in London
British Land
has confirmed that it has exchanged contracts in a £30m deal to buy the leasehold interest in Green Lanes Shopping Centre in Barnstaple, Devon has made its first property purchase since 2007, buying Waterside Shopping Centre in
Capital & Regional
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Properties plc
Lincoln for £24.8m
Capital Shopping Centres
is to complete the £1.6bn purchase of Manchester's Trafford Centre, the largest singleasset deal in UK property history
CB Richard Ellis
has completed its acquisition of most of ING REIM for $940m
Crown Estate
is in talks to buy the 170,000sq ft Ocean retail park, in Portsmouth, Hampshire, for around £58m
Grosvenor Developments Limited
has agreed lettings to four new brands, occupying a total of 14,495 sq ft, at Liverpool One
Helical Bar
has exchanged contracts to buy the 140,000sq ft Sutton in Ashfield shopping centre in Leicestershire from LaSalle Investment Management for £16.1m, an 8.5% yield.
J Sainsbury PLC
has abandoned plans to move its head office to King‟s Cross after a lack of buyers for its current Holborn location but will anchor part of Land Securities redevelopment of Corby town centre
La Salle Investment Management
will extend the main anchor unit at the High Chelmer Shopping Centre in Chelmsford, Essex, ready for Primark
PruPIM
is in advanced talks to buy a 12.5% stake in the Fort shopping park in Birmingham for around £26m - a yield of around 5.5%
Somerfield
supermarket in Thetford has been sold to Breckland district council for £3.5m - a 6.75% net initial yield
Tesco plc
has completed a £685m-plus sale and leaseback deal of 21 stores to release value from its UK property portfolio
UK Commercial Property Trust
has confirmed its purchase of St George's retail park in Leicester from a fund managed by JP Morgan Asset Management for £49.9m
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Retailer Results
Total Sales Changes M and M Direct (6 wks to 02/01)
H&M (4 wks to 31/01) Sports Direct Int (Retail) (13 wks to 23/01)
Sports Direct Int Plc (13 wks to 23/01) Levi's Europe (12 wks to 28/11)
Kingfisher Grp (13 wks to 29/01) John Lewis (Online) (26 wks to 26/01)
Albemarle (broking) (26 wks to 31/12) Woolworths Grp (Retail) (26 wks to 31/12)
Thorntons (28 wks to 08/01) WH Smith plc (21 wks to 22/01)
Cash Converters (52 wks to 30/06) Prada Grp (52 wks to 31/01)
Sally (52 wks to 30/09) Annoushka (Pascal) (52 wks to 31/07)
H&M (52 wks to 30/11) Hotel Chocolat (52 wks to 30/06) Waitrose (52 wks to 31/01) Waitrose (52 wks to 31/01) Caffe Nero (52 wks to 31/05)
Carluccio's (52 wks to 30/09) MKM Building Supplies (52 wks to 30/09)
Jollyes (52 wks to 31/05) Select Service Partners (52 wks to 30/09)
Pumpkin Patch (52 wks to 31/07) Heal's (52 wks to 14/09)
Marston's (52 wks to 30/09) WH Smith Travel Retail (52 wks to 31/08)
Botterills Conv Stores (52 wks to 31/05) Spacemaker (52 wks to 31/08)
Tog 24 (52 wks to 03/07) Wolseley UK (52 wks to 31/07)
WH Smith Retail (52 wks to 31/08) Coppernob (52 wks to 30/05)
Delice de France (52 wks to 31/07) -20
-10
0
10
20
30
40
50
% NB- SuperGroup has reported an increase of 92% in Retail sales for 12 weeks to 31/01/11 while wholesale sales increased by 73% which are not shown on our graph due to the relative impact they would have on other figures shown.
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UK Overview ONS Retail Sales
The value of retail sales in January at current prices not seasonally adjusted increased 6.4% YoY with the 3 month moving average at 3.5%. Value of sales through food stores in January increase by 1.8% YoY, while the value of sales through non-food stores was up 9.5% YoY. Once again, non-store retailing made the biggest gains –an increase of 21.3% in January 2011.
*Please note that ONS made several changes to its Retail Sales reporting in January 2010. For more information, see http://www.statistics.gov.uk/pdfdir/rs0210.pdf Please see the Retail & Economic Statistics page on SnapShop for more historical detail
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Internet Retail Sales
Based on ONS experimental Internet sales, the non-seasonally adjusted average weekly value of Internet retail sales in January 2011 was ÂŁ523 million, which was approximately 10.0 per cent of total retail sales (excluding automotive fuel). According to BRC, non-food non-store (internet, mail-order and phone) sales were 12.3% higher than a year ago. %
Internet Sales
30 25 20 15 10 5 0 Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan09 10 10 10 10 10 10 10 10 10 10 10 10 11 ONS Internet as % of Total
BRC YoY % Change
*ONS are trialling an experimental measure of Internet retail sales. For more details see http://www.statistics.gov.uk/articles/nojournal/Internet_information_paper_February_2010.pdf.
BRC Retail Sales
UK retail sales values were up 2.3% on a like-for-like basis from January 2010, when sales had fallen 0.7%. On a total basis, sales were 4.2% higher, against a 1.2% increase in January 2010.
Please see the Retail & Economic Statistics page on SnapShop for more historical detail
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Pedestrian Flows
%
Pedestrian Flows - Year-on-Year Change
3 2 1 0 -1 -2 -3 -4 -5 -6 -7 Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan09 10 10 10 10 10 10 10 10 10 10 10 10 11 Synovate (YoY) FootFall (YoY)
NB: At the time of publishing Synovateâ€&#x;s Retail Traffic Index for January were not available.
Interest Rates
The Bank of Englandâ€&#x;s Monetary Policy Committee voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. This rate has been maintained since March 2009. %
Bank of England - Base Rate
3
2
1
0 Nov-08
Mar-09
Jul-09
Nov-09
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Mar-10
Jul-10
Nov-10
Inflation
CPI annual inflation stands at 4.0 per cent, up from 3.7 per cent in December. RPI stands at 5.1 per cent in January, up from 4.8 per cent in December. %
UK Inflation (CPI v RPI)
6
5 4 3 2 1
0
Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan09 10 10 10 10 10 10 10 10 10 10 10 10 11 CPI
House Prices
RPI
.
According to the Nationwide index, the price of a typical house decreased by 0.1 % MoM in January and decreased 1.1% YoY. The average price of a typical UK property in November was ÂŁ161,602.
NB: YoY figures refer to left hand scale, MoM statistics refer to right hand scale. September YoY was flat. Please see the Retail & Economic Statistics page on SnapShop for more historical detail
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Consumer Confidence
According to GfK NOP, the overall index score January has dropped eight points to -29, twelve points lower than this time last year. Commenting on fall Nick Moon, MD of GfK NOP Social Research, said "Januaryâ€&#x;s eight point drop represents an astonishing collapse in consumer confidence. In the 35 years since the Index began, confidence has only slumped this much in a single month on six occasions, the last being November to December 1994‌"
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Ireland Overview CSO Retail Sales
The volume of retail sales decreased by 3.1% in December 2010 on a YoY basis and there was a monthly decrease of 1.1%. The value of retail sales decreased by 4.1% in December 2010 on YoY basis and there was a MoM change of -0.9%. %
Irish Retail Sales Growth - All Retail (Not Seasonally Adjusted)
4 2 0 -2 -4 -6 -8 -10 -12 -14 Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec09 09 09 10 10 10 10 10 10 10 10 10 10 10 10 Volume
%
Value
Inflation
3 mma
Irish Retail Sales Growth - Food Retail (Not Seasonally Adjusted)
4 2 0 -2 -4 -6 -8
-10 Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec09 09 09 10 10 10 10 10 10 10 10 10 10 10 10 Volume
%
Value
Inflation
3 mma
Irish Retail Sales Growth - Non-Food Retail (Not Seasonally Adjusted)
4 2 0 -2 -4 -6 -8 -10 -12 -14 -16 -18 Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec09 09 09 10 10 10 10 10 10 10 10 10 10 10 10 Volume
Value
Inflation
Please see the Retail & Economic Statistics page on SnapShop for more historical detail
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3 mma
Inflation in Ireland
In Ireland, CPI, decreased by 0.2% in January. This compares to a decrease of 0.6% recorded in January of last year. HICP decreased by 0.3% in the month, compared to a decrease of 0.7% recorded in January of last year.
% 2
Irish Inflation (HICP v CPI)
1 0
-1 -2 -3 -4 Feb- Mar- Apr- May- Jun- Jul-10 Aug- Sep- Oct- Nov- Dec- Jan10 10 10 10 10 10 10 10 10 10 11
HICP
CPI
Please see the Retail & Economic Statistics page on SnapShop for more historical detail.
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And Finally…
Turn your iphone into 80’s brick! With a new gadget launched by a British company you can now turn your iPhone (sleekest of gadgets available in the market) into an old-style 'brick' mobile phone beloved by executives of the 1980s. It is a simple case, into which the iPhone slots, turns the slimline smart phone into a huge gadget, which will not fit into a glove compartment, let alone a trouser pocket. The case, which costs £12.99, has been developed by Thumbs Up, hoping to take advantage of 1980s nostalgia. A company spokesman said: "By today's standards, you'd be forgiven for mistaking a 1980s mobile phone for, well, a house brick, but back in the day these chunky must-haves were the ultimate status symbol. "Simply slot your iPhone into the custom-made holder and capture the look and feel of the 1980s 'house brick' without losing any of your 21st-century specs!" The case will be available from April and fits an iPhone 3, 3GS and 4.
www.fspretail.co.uk 18/02/11 FSP has gone to its best efforts to ensure this data is correct but the author reserves the right not to be responsible for the accuracy of information provided.
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