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Friday, 4th July 2008

Retail

'Risk of recession rising rapidly' as service sector slips into contraction BRITAIN'S economy is hurtling towards "recession territory", experts warned last night, as data showed the dominant service sector shrinking at its quickest rate for nearly seven years.

Game on as hits push sales up VIDEO games retailer Game fell victim to a stock market sell-off yesterday despite hit releases pushing the firm ahead of expectations so far this year.

SCS investors empty-handed SHAREHOLDERS in struggling furniture chain ScS Upholstery are set to be left empty-handed after the group was placed in administration yesterday and its trading arm sold to a private equity firm.

Retailers left reeling by Marks and Spencer 'downgrade' MARKS & Spencer yesterday sent a shockwave through the retail sector by issuing a surprise profit warning, having been hit by slowing sales in its core UK market.

More Stories

Game reaches the next level

Carpetright suffers on housing slump

HMV turning to games as a saviour

Marks loses its spark as sales deteriorate

Shopping centres lose visitors

Chance to run a going store

Starbucks to shut 500 branches in the US as customers tighten their belts

Chicken's hot stuff at leisure park

Carpetright is floored by fall

Matalan invests £19m in stores

As seen on a bright screen

Prudent shoppers help Matalan buck the trend with soaring pre-tax profit

Sainsbury's eyes pension sale

Family jewels go up for sale

More property woe in store

John Lewis sees weekly sales slip

DSG International profits plunge 30% in high street spending slump

Firm belief in promotions

DSG's profits lose spark with 30% fall

Debenhams' sales rise cannot halt market talk

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