
Property firms will have to share the pain of town-centre stores as they battle a tough economic outlook and competition from the internet, retail parks and shopping malls, leading British shopkeepers said.
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Property firms will have to share the pain of town-centre stores as they battle a tough economic outlook and competition from the internet, retail parks and shopping malls, leading British shopkeepers said.
Britain may be moving out of recession, but it won't feel like it for consumers for at least another year as prices rise and unemployment remains high, leaders of the country's top retailers warned on Wednesday.
U.S. retailers face a test of the strength of their brands and their clout with vendors this year as they grapple with rising costs on everything from cotton to raw leather to copper to crude oil.
The headache for retailers caused by the cold snap may get worse as a forecast return to freezing conditions threatens to keep shoppers away in the crucial run-up to Christmas.
Retailers are looking beyond Brazil, Russia, India and China as they hunt for growth amid signs that spending in U.S. and western European markets will remain subdued for some time.
Some of Britain's biggest retailers sent out a warning to smaller and weaker rivals, saying their scale and cost-cutting potential would help them to cope better with a worsening consumer outlook.
British retail sales fell unexpectedly in August for the first time in seven months, in a sign the recovery may be stalling even as some of the country's biggest stores announced jumps in profits.
Euro zone retail sales fell sharply in April, missing expectations for a small monthly rise, data showed, as uncertainty over jobs and government spending curbed consumer demand.
Retailers Kingfisher and Next raised hopes they can lift profits this year by cutting costs and keener purchasing even if Britain's consumers face a tough time as the government moves to cut borrowing.
A surge in demand for household electrical goods helped British retail sales bounce back in February after the worst January on record, official data showed.