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Retail news

  1. 1. The Signature Brands (the supply group that operates the Paul Costelloe, Four Seasons and DannimacSummary 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- Jan- 09 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…
  2. 2. Geoff’s The Changing Face of UK RetailingView 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
  3. 3. New RetailersCamper is to launch an online venture Medwinds selling lifestyle fashion exclusively onlineCore Spirit has launched its first standalone store in London‟s New Bond Street - with its own in-store catwalkGreen Cauldron has opened in Liverpool, as part of a £12.5m investment to break into the UK marketCoffeeJacobson Group has agreed a licence to design, develop and distribute Babycham branded footwear, accessories & apparel in the UK, Europe & North AmericaTimeout Jeans is seeking shops between 1,500sq ft and 2,500sq ft in shopping centres & high streets across the south of EnglandKate Spade is close to securing its first UK store. It is under offer to take Ted Bakers 2,500 sq ft shop at 9-10 Floral StreetStore NewsAbercrombie & Fitch and its sister brand Hollister are set to make their Irish debutsAlbemarle 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 pricesAmazon has launched a lingerie range on its UK site as it seeks to widen its fashion offerASDA has launched a dating website ( to pair up singles looking for love based on their shopping habitsAvon has launched a social networking site to connect its sales people with new & existing customersBarratts has increased its email conversion rates after an overhaul of its e-commerce strategyBestseller House has once again increased its stake in etailer Asos and now owns just over 20% of the companyBrowns Restaurant along with Pesto and the Handmade Burger Company has taken restaurant space at Hammersons proposed extension to the Birmingham BullringBurberry is to take the store on Regent Street which is currently occupied by HabitatCafe Rouge is trialling a fast-service version of itsbrand outside Londons Euston StationCanterbury Of New is to open a store in Bath, its first to offer only its lifestyle rangesZealandChinese Buffet is to take largest restaurant space in the food area of Trinity Walk, WakefieldCrew Clothing has launched a new user friendly website as part of a company-wide rebranding programmeDebenhams has opened a pop-up shop to celebrate the launch of its latest designer collection, Edition
  4. 4. Dominos Pizza is planning to add around 55 stores this year to its existing 665 stores portfolioDominos Pizza is to open up to 43 stores at motorway services operated by Moto, as part of plans to almost double its outlets by 2020Everything is to open its first high street store located in Altrincham followed by openings in BishopsEverywhere Stortford and ElthamFonehouse is ramping up the roll-out of its new store format as it plans to triple its store count by early next yearFoyles 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 BristolFrench Connection is to follow ASOS & launch a dedicated Facebook store in a move to ramp up its ecommerce servicesFresh & Easy Tesco‟s US business, is considering smaller stores as it seeks out new locations in northern CaliforniaGap is continuing its international expansion after extending its online shopping to eight more European countriesGo Outdoors will decide whether to push the button on a float of the business early next yearH&M is to relaunch its global websites in a bid to make them more consumer friendlyHabitat has launched a new website for customers in the UK, Germany and FranceHaldanes 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 AprilHenleys is planning to more than double its number of UK stores by expanding into around 20 new locations as it revamps its brandJohn Lewis is poised to expand into Europe by bolstering its website to attract international orders fromPartnership up to 25 European countries also enabling the retailer to gather data on which cities could support physical department storesKiddicare is moving into consumable products such as nappies & food, in a bid to build repeat visits to its websiteMasala 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 UKNet-a-Porter is to launch its own digital TV station to air on its websiteOcado has launched a microsite aiming to take a slice of the pet products sectorPapa Johns plans to open 40 stores in the UK with intention of expanding outside of the M25Paul Costelloe is to launch its first ever pop up shop shortly after the designer opens London Fashion WeekPizza Hut will focus on expanding its delivery stores over next couple of years across the UK
  5. 5. Primark will open a flagship store at Metrocentre, making it the centre‟s third new anchor inside two years, following the Odeon and TK MaxxPrimark to trade in Queensgate shopping centre for Christmas trading next yearSushisamba 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 ftTesco plc has unveiled plans to transform Wolverhamptons Royal Hospital site into a 139,800 sq ft superstoreThomas Sabo is to open a store at Capital Shopping Centres Lakeside scheme in EssexWaitrose 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, NewcastleWaitrose is trialling a new fascia for its convenience stores, Little Waitrose with first one on Londons Old Brompton RoadWilkinsons has taken a 19,000sq ft anchor unit at the Gates Shopping Centre in Durham on a 15-year lease at £200,000 a yearWolf & Badger has launched a transactional website which has attracted 1,000 visitors a day since its launchWoolworths( has branched into arts and crafts, launching a dedicated offer on its websiteZizzi part of Gondola Holdings, is to open in Uxbridge at a former Auberge siteFinancialRestructuringAlexon Group whose brands include Ann Harvey, is looking to exit or re-gear 20 shops across the UKASOS launched a Facebook shop allowing its 390,000 fans to buy its clothes without leaving the Facebook siteBargain Booze has been put up for sale with a price tag of £90mBench and sister label Hooch have been put up for sale for about £250mBlacks Leisure Group hopes of takeover bid are fading after several interested parties walked away from discussions with the outdoor leisure retailerChampion 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 settledClas Ohlson is planning to expand its chain of 11 hardware stores with up to six new outlets a yearComet will shut 14 of its service centres and has begun consultations with 411 affected staff as it seeks to make redundanciesCo-operative Group is to create 1,700 new management jobs in its food stores over the next few monthsHamleys has been put up for sale by Icelandic bank Landsbanki which it has a 65% stake
  6. 6. House of Fraser stakeholder Landsbanki that holds a 35% stake, denied that its holding in the department store was up for saleJ Sainsbury PLC plans to open more than 1,000 Fresh Kitchen sandwich shops that could rival Pret A MangerJaeger has reportedly been put up for sale by owner Harold Tillman. Banking Group Rothschild have been appointed to consider strategic options for the businessJewel Nation and HPJ Jewellers have been bought out of administration by Gordon Brothers saving 329 jobsJimmy Choo owners are likely to put the firm up for sale, according to people familiar with the situationJJB 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 paymentsJones Bootmakers one of the high streets 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 Macintoshs other footwear chain BrantanoJoules has hired Rothschild to advise on its growth and the potential sale of a minority stakeMorrisons has bought online baby products retailer Kiddicare for £70mNokia 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 UKNovus Leisure is understood to be in exclusive negotiations to buy Balls Brothers, the London wine bar business currently in administrationShakeaway has been rescued by corporate recovery specialists Begbies TraynorSignature 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 CalvelexSuits You former owners, Peter Lucas and Arafa Holding have acquired 12 of its 66 stores through Baird Group & relaunched them under the Suitdirect fasciaVergo Retail Ltd administrators have appointed specialists to sell off the brand assets of the groupVF Corporation has signed a deal to buy premium denim brand Rock & Republic for $57m (£36.8m), deal to be finalised by April 2011WH Smith plc has brought 22 stores from British Bookshops and Stationers for just over £1mInternalRestructuringAldi has launched a new ad campaign highlighting „brand-like quality‟ of its productsArcadia Group is considering returning its manufacturing from overseas to the UKASDA is selling cheapest e-readers for £52 which is less than half the amount Amazon charges for
  7. 7. its KindleB&Q has signed up with TV property experts Kirsty Allsopp & George Clarke as part of its campaign to make home improvement easierClarks 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 StreetCo-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 foodsD&D London is slashing the prices of its fine wines across its 20 restaurants in the capitalDixons Retail is testing Office Depot shop-in-shops in its storesGame has struck a deal with Microsoft to sell downloadable games in its storesHabitat is closing its Regent Street store in Central London because it "no longer fits" with the retailer‟s strategyHarrods has started to accept UnionPay, the Chinese debit and credit card, in an attempt to pull in the spend of Chinese touristsHed Kandi has shut its two stores at Bluewater and Liverpool One, less than a year after openingHMV has started the first phase of its store closure programmeHobbs is to feature in a BBC series about teaching young people about the world of workHomebase is partnering with celebrity chef Jamie Oliver & has launched a range of grow-your-own fruit, vegetables & herbsHouse of Fraser is planning to roll out the Biba brand in more of its 63 stores after last year‟s successful re- launch of the iconic 1960s fashion labelLions Rampant is to be renamed Rampant Sporting & will unveil its new-look logo at trade show Pure LondonMcDonalds is making its first foray into shared meals in the UK with the countrywide launch of a 20- piece Chicken McNuggets ShareBoxMoss 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 storesNet-a-Porter will be launching a website which will feature meanswear and style adviceO2 to offer free public internet hotspots across the UK, even to non-customers through partnerships with restaurants, shops, and high-street retailers across the UKOrchid Group has teamed up with Express Newspapers to become the first pub operator to sell newspapers & magazines directly to customersPeacocks has partnered with Daisy Lowe to launch a range of retro-inspired swimwear designed by the model
  8. 8. People Tree has unveiled its spring 11 collaboration with actress Emma WatsonPoundworld is to roll out its multi-price format, Discount UK, as it opens its second store in StevenageSainsburys in partnership with British Gas have introduced in-store energy centres (SainsburysSupermarkets Energy)Tesco plc clothing arm F&F has teamed up with Mark Fast to sponsor his autumn 11 catwalk show at London Fashion WeekWaterstones to close 11 stores as part of parent HMV‟s plan to shed 60 stores across the group this yearZara has created a kidswear collection for its Zara Home Kid range in collaboration with Liberty print fabrics - collection is available at zarahome.comGeneralUK 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 EllisASDA 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 productsClothing 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 MintelCollect+ a new parcel delivery service based from 3,500 corner shops, in direct competition with the Post OfficeCo-operative Group is set to improve its product availability as it rolls out a stock management system it inherited from SomerfieldEmpty 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 CompanyEsprit has vowed to stop using the controversial sandblasting technique in its global production chain with immediate effectFood Prices will soar 50% over the next 40 years because of supply shortages, according to scientistsH&M is to launch a sustainable fashion range in April, made from eco materials such as organic cotton and recycled fabricsHM Revenue and is increasingly rejecting company voluntary arrangements (CVAs), according to aCustoms turnaround specialist from K2 Business RescueJ Sainsbury PLC is to source all of its Fairtrade cotton from a co-operative supplier in Gujarat, IndiaJack Wills is to expand further internationally, with the US, Europe and the Far East in its sights
  9. 9. Jaeger is to enter the Russian market with two Jaeger London storesJimmy Choo is set to take control of its Japanese retail business & open a string of stores in the countryLeading Retailers face higher staff costs due to this year‟s extra bank holiday for the Royal WeddingLocation Marketing deals are offered by retailers including Argos & Debenhams who have teamed up with FacebookLondons West End stores have seen strong growth in sales in January, despite the rise in VAT and sluggish wage growthMarket 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 showsMarks & Spencer plans to open a new store on the Champs-Elysees in ParisNew 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 fallingRalph Lauren is laying out a long-term strategy to open its own stores in Chinese retail marketRetailers & falling into administration continued to decline in the final quarter of 2010, as per newWholesalers figures by the Insolvency ServiceRising Costs of sourcing in Far East and heritage trend trigger huge increase in orders for British factoriesRoyal 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 weekendShopping Experience London, Glasgow, and Manchester offer the best town centre shopping experience according to research conducted on more than 700 town centresThe Dune Group has stepped up its overseas expansion plans to target 250 Dune stores outside of the UK by 2015Topshop to feature new capsule collection by David KomaKey Staff Changes took place in Robert Dyas, Republic, Best Buy, Morrisons, Comet, Brand Alley and GucciPropertyAllied London is joined by IM Properties to buy all the retail & leisure property in ManchestersProperties Limited Spinningfields from Delancey & the Royal Bank of Scotland in a deal that values the assets at £45mASOS has appointed Knight Frank to review its office strategy in LondonBritish Land has confirmed that it has exchanged contracts in a £30m deal to buy the leasehold interest in Green Lanes Shopping Centre in Barnstaple, DevonCapital & Regional has made its first property purchase since 2007, buying Waterside Shopping Centre in
  10. 10. Properties plc Lincoln for £24.8mCapital Shopping is to complete the £1.6bn purchase of Manchesters Trafford Centre, the largest single-Centres asset deal in UK property historyCB Richard Ellis has completed its acquisition of most of ING REIM for $940mCrown Estate is in talks to buy the 170,000sq ft Ocean retail park, in Portsmouth, Hampshire, for around £58mGrosvenor has agreed lettings to four new brands, occupying a total of 14,495 sq ft, at Liverpool OneDevelopmentsLimitedHelical 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 centreLa Salle Investment will extend the main anchor unit at the High Chelmer Shopping Centre in Chelmsford,Management Essex, ready for PrimarkPruPIM 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 yieldTesco plc has completed a £685m-plus sale and leaseback deal of 21 stores to release value from its UK property portfolioUK Commercial has confirmed its purchase of St Georges retail park in Leicester from a fund managed byProperty Trust JP Morgan Asset Management for £49.9m
  11. 11. RetailerResults 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) Levis 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) Carluccios (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) Heals (52 wks to 14/09) Marstons (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.
  12. 12.
  13. 13. UK OverviewONS Retail The value of retail sales in January at current prices not seasonally adjusted increased 6.4% YoY with the 3Sales 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 Please see the Retail & Economic Statistics page on SnapShop for more historical detail
  14. 14. Internet Based on ONS experimental Internet sales, the non-seasonally adjusted average weekly value of InternetRetail retail sales in January 2011 was £523 million, which was approximately 10.0 per cent of total retail salesSales (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- Jan- 09 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 Retail UK retail sales values were up 2.3% on a like-for-like basis from January 2010, when sales had fallen 0.7%.Sales 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
  15. 15. Pedestrian % Pedestrian Flows - Year-on-Year ChangeFlows 3 2 1 0 -1 -2 -3 -4 -5 -6 -7 Dec- Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- 09 10 10 10 10 10 10 10 10 10 10 10 10 11 Synovate (YoY) FootFall (YoY) NB: At the time of publishing Synovate‟s Retail Traffic Index for January were not available.Interest The Bank of England‟s Monetary Policy Committee voted to maintain the official Bank Rate paid onRates 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 Mar-10 Jul-10 Nov-10
  16. 16. 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- Jan- 09 10 10 10 10 10 10 10 10 10 10 10 10 11 CPI RPI .House According to the Nationwide index, the price of a typical house decreased by 0.1 % MoM inPrices January and decreased 1.1% YoY. The average price of a typical UK property in November was £161,602. 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
  17. 17. Consumer According to GfK NOP, the overall index score January has dropped eight points to -29,Confidence twelve points lower than this time last year. Commenting on fall Nick Moon, MD of GfK NOP Social Research, said "January‟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…"
  18. 18. Ireland OverviewCSO The volume of retail sales decreased by 3.1% in December 2010 on a YoY basis and there was aRetail monthly decrease of 1.1%. The value of retail sales decreased by 4.1% in December 2010 on YoYSales 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- Dec- 09 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- Dec- 09 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- Dec- 09 09 09 10 10 10 10 10 10 10 10 10 10 10 10 Volume Value Inflation 3 mma Please see the Retail & Economic Statistics page on SnapShop for more historical detail
  19. 19. Inflation in In Ireland, CPI, decreased by 0.2% in January. This compares to a decrease of 0.6% recorded in January ofIreland last year. HICP decreased by 0.3% in the month, compared to a decrease of 0.7% recorded in January of last year. % Irish Inflation (HICP v CPI) 2 1 0 -1 -2 -3 -4 Feb- Mar- Apr- May- Jun- Jul-10 Aug- Sep- Oct- Nov- Dec- Jan- 10 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.
  20. 20. 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 gadgetsavailable 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 willnot 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 1980snostalgia.A company spokesman said: "By todays standards, youd 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 brickwithout losing any of your 21st-century specs!"The case will be available from April and fits an iPhone 3, 3GS and 4. 18/02/11FSP 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. SnapShop Monthly, a benefit of SnapShop Membership, is provided by: FSP 19 Manor Court Yard Hughenden Avenue High Wycombe Buckinghamshire HP13 5RE Tel: 01494 474740 Email: