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Some cheer for retail amid high street crisis

Some cheer for retail amid high street crisis

Business
Retail sales bounced back last month after the so-called Beast from the East exacerbated the crisis facing the high street, according to official figures. The Office for National Statistics (ONS) recorded a 1.6% rise in sales volumes during April compared to March - a rate that smashed economists' expectations.The performance represented some hope for retailers - and the economy - that February and March proved a blip for the shopping sector because of the poor weather.Previous industry statistics had suggested sales slumped at their fastest pace for more than two decades in April.:: Retail sales slide in March as cold weather takes toll Image: Heavy snow and biting temperatures in February and March took their toll on the high street ...
Festive sales cheer for value retailer B&M

Festive sales cheer for value retailer B&M

Business
Discount retailer B&M has emerged as a Christmas winner after food and other household essentials helped it grow like-for-like sales by 3.9% in the UK.Shares in the company, whose soon-to-depart chairman is former Tesco boss Sir Terry Leahy, rose 3% after the trading update covering the 13 weeks to 23 December.It comes a day after figures from Sir Terry’s former company fell short of City expectations, despite showing the best Christmas performance since 2010, when he was in charge.Retailers have seen mixed fortunes over the period, with food stores broadly doing well as squeezed consumers focused on essentials – leaving less left to spend on clothing and gifts at other stores.:: Christmas of contrasts for Britain's retailersB&M, which describes itself as the UK's leading general m