About: Michael Whitby Smith

Recent Posts by Michael Whitby Smith


Retail News Summer 2018

King Street Covent Garden August 2018 Offline Retailing and the High Street We have seen this retail internet phenomenon grow since only 2000, when internet sales hardly existed. John Lewis have invested, it is said, some £0.5Billion on the internet, whereas the failed House of Fraser spent less than about £30 Million. Argos (now owned by Sainsburys/Asda) were one of Continue Reading...

Retail News Summer 2016

The volume of retail sales in June 2016 is estimated to have increased by 4.3% compared with June 2015. The underlying pattern in the quantity bought, as suggested by the 3 month on 3-month movement, increased by 1.6%. The amount spent in the retail industry decreased by 0.9% compared with May 2016, and increased by 1.5% compared with June 2015. Continue Reading...

Retail News Summer 2015

The UK economy The United Kingdom remains the world’s sixth largest economy. Services are the biggest sector of the economy accounting for more than 75 percent of total GDP. GDP expanded 0.70 percent in the second quarter of 2015 over the previous quarter. Prices faced by households are unchanged over the year to June 2015 compared with a 0.1% rise Continue Reading...

Retail News Winter 2014/5

Regent Street, London The UK economy is 2.7% larger than ever before and is growing at its fastest rate for four years. (ONS) Average UK prime retail rents in the summer climbed 1.9% in the previous 12 months mainly driven by London rent rises 11.6% up and 20% above 2008 levels. Some locations have shown extraordinary growth of 400% as Continue Reading...

Retail News Summer 2014

Leicester Square Summer 2013 The UK has the fourth highest GDP per capita in the G7. The US has the highest GDP per capita ($51,708) among G7 and BRIC countries, but UK GDP per capita ($36,333) compares well against the remaining G7 economies and is higher than all of the BRIC economies. Footfall was up 2.6% on last year with Continue Reading...

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