Tag Archives: KPMG

Storms take toll on February retail sales

On a total basis, UK retail sales increased by 0.1% year-on-year in February, while on a like-for-like basis, sales decreased 0.4%, according to research from BRC (British Retail Consortium)-KPMG. Over the three months to February, in-store sales of non-food items declined 1.8% on a total and 1.9% on a like-for-like …

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KPMG: update on Beales

The joint administrators of the Beales department store chain, Will Wright and Steve Absolom from KPMG, confirmed yesterday (Tuesday February 18) that they are ‘continuing discussions with a number of interested parties’ for a sale of the business as a going concern. But with no deliverable offers received for the …

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Administrators appointed to Beales

Will Wright and Steve Absolom from KPMG Restructuring were appointed joint administrators to Beale Limited and J E Beale Plc (“Beales”) yesterday (Tuesday January 21). Founded in Bournemouth in 1881, Beales operates 23 department stores in market towns across the UK selling a range of furniture, fashion, toys and cosmetics. …

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‘Ongoing Brexit uncertainty’ holds back September spending

Total retail sales fell by 1.3% in September against an increase of 0.7% in September 2018, according to the latest figures from the British Retail Consortium (BRC)-KPMG Retail Sales Monitor. The BRC said this is below the 3-month average decline of 0.4% and the 12-month average growth of 0.2%: a …

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Consumer spending ‘left languishing’ says BRC boss

UK retail sales increased by 0.1% on a like-for-like basis from July 2018, when they had increased 0.5% from the preceding year, according to the latest figures from BRC (British Retail Consortium) and KPMG. Covering the four weeks from June 30 to July 27, the BRC-KPMG monthly sales monitor reported …

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June retail sales fail to shine

UK retail sales suffered the ‘worst June on record’ according to the latest British Retail Consortium (BRC)-KPMG monthly sales monitor. Covering the five weeks from May 26 to June 29, total sales decreased by 1.3% in June, against an increase of 2.3% in June 2018. This decline drags the 3-month …

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Bira boss comments on BRC-KPMG’s May retail sales figures

Andrew Goodacre, ceo of Bira (British Independent Retailers Association), has commented on the results of the latest retail sales monitor released by the British Retail Consortium (BRC)-KPMG, which show a 2.7% slump in retail sales in May. Excluding Easter distortions, this represents the biggest decline since the BRC-KPMG record began …

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May retail sales show ‘biggest decline on record’

Retail sales in May hit ‘the biggest decline on record’ according to the latest figures from the British Retail Consortium (BRC)-KPMG. Covering the four weeks from April 28 to May 25, the BRC-KPMG retail sales monitor reports that on a total basis, sales decreased by 2.7% in May. Excluding Easter …

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Administrators appointed to Jamie Oliver’s UK Restaurants

Will Wright and Mark Orton from KPMG’s Restructuring practice were appointed yesterday (Tuesday May 21) as joint administrators to the Jamie Oliver Restaurant Group Limited, and its subsidiaries Jamie’s Italian Limited, Jamie’s Italian Holdings Limited, One New Change Limited and Fifteen Restaurant Limited. The Group employs approximately 1,300 staff across …

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BRC-KPMG: UK retail sales ‘below expectation’ in April

UK retail sales increased by 3.7% on a like-for-like basis last month from April 2018, when they had decreased 4.2% from the preceding year, according to the latest data from the British Retail Consortium (BRC)-KPMG. Covering the four week period from March 31 to April 27, BRC-KPMG noted that the …

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