From teachers, carers, nurses and doctors, street sweepers, sales assistants and the like, working in service is an exchange of energy as old as civilisation. Serving one another in some way is a natural human instinct that we all have inside of us and can deliver on daily basis through our individual talents.
Although the UK's economy is showing signs of recovery, growing by 1.1 per cent during the first six months of this year, 18 high street shops closed their doors every day during this period according to research from PwC. With many people shopping away from the high street, a new initiative is launching in December to encourage people to shop locally at independent stores.
This week's sales numbers showed a slight increase in retail sales and did well to improve on the 2.1% increase made in May. Notes and noises from the retail sector have been encouraging of late. Data from the British Retail Consortium has begun to shown an increase in sales volumes, whilst consumer confidence has moved to the highest level since October 2010.
My last post predicted how the retail sector would fare during the Olympics both in the capital and beyond. A week into The Games, some of my thoughts were correct and some were sadly far off the mark, however I am not sure anyone could have predicted what has happened this week. I was optimistic that both bricks and mortar retailers and e-tailers would benefit from the influx of tourists and the domestic consumer working from home, all of whom were eager to spend; unfortunately this is not the case.
Despite desperately disappointing growth forecasts from the Bank of England today, a number of retail sectors are predicted to enjoy an Olympic li...
I have been intrigued by the media articles showing distraught West End shop keepers and restaurateurs bemoaning the Olympics for emptying their emporia of customers. It seems that the promise of economic prosperity for all driven by the magic Olympic rings has evaporated as quickly as Mark Cavendish's medal hopes. Or has it?
When the recession hit in 2007, the majority of economists and retail commentators predicted that the luxury retail market would not fare well, but five years on it has not only survived, but prospered. Only last month Burberry Group posted a 24 per cent surge in its 2011 profits and Richemont (the third largest luxury group and owner of Cartier) posted a sharp increase in sales of €2.62bn.