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Business

Fifth consecutive month of shop price deflation

Published on October 9th, 2013 | by The GC Team

Overall shop prices recorded annual deflation for the fifth consecutive month in September, slowing to 0.2% from the 0.5% decline reported in August. The BRC-Nielsen Shop Price Index showed that Food inflation rose to 2.9% in ... Read More


Business

Baumatic Ltd falls into administration

Published on October 9th, 2013 | by The GC Team

David Dunckley and Richard Lewis, partners at advisory services firm Grant Thornton, were yesterday appointed administrators to Reading-based white goods supplier Baumatic Ltd, which was established in the UK in 1992. Grant Thornton UK today said ... Read More


Business

Indesit’s Maurizio Pettorino appointed Chairman of AMDEA

Published on October 9th, 2013 | by The GC Team

Maurizio Pettorino, Managing Director of Indesit Company UK & Ireland, has been elected Chairman of the Association of Manufacturers of Domestic Appliances, following the retirement of outgoing Chairman John Morrissey. Pettorino, whose management background spans twenty ... Read More


Industry News

Sony joins industry effort to promote high resolution audio

Published on October 9th, 2013 | by The GC Team

Sony has introduced a new line of products that make high resolution audio a more convenient, compelling and cost-effective listening experience for digital music enthusiasts, supporting the initiative with selected products pre-installed with high-resolution tracks from ... Read More


Industry News

August retail sales growth supports consumer optimism

UK retail sales slow in September

Published on October 8th, 2013 | by The GC Team

Year-on-year growth in the value of UK retail sales slowed from 3.6% in August to 2.4% in September, the British Retail Consortium reported today. Like-for-like sales, which strip out changes in floor space as retailers open ... Read More


Industry News

Retail footfall on the rise in Q3 2013

Published on October 8th, 2013 | by The GC Team

The number of shoppers to non-food stores rose by +8.5% in the third quarter of 2013, significantly better than the five-year seasonal average rise of +5.8%, according to the Retail Traffic Index (RTI), compiled by Ipsos ... Read More


Business

Fagor Electrodomésticos seeks protection from creditors

Published on October 8th, 2013 | by The GC Team

Spanish white goods manufacturer Fagor Electrodomésticos has filed for protection from creditors while it tries to refinance its debt. The company, which is Europe’s fifth largest appliance maker and part of the Basque region’s Mondragón co-operative, ... Read More


Business

Samsung releases Q3 2013 earnings guidance

Published on October 8th, 2013 | by The GC Team

Samsung Electronics has announced its earnings guidance for the third quarter of 2013, ahead of releasing its quarterly report. Operating profit rose almost 25% on the same period last year, from KRW 8.06 trillion to KRW ... Read More


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