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Unexpectedly, U.K. retail sales in May rose by the most since records began in 1986, writes Bloomberg. Sales were up 3.5 percent, after slipping 0.3 percent in April.
Economists had forecast a 0.1 percent drop. For the year, sales have risen 8.1 percent, the most since 2002.
The good news suggests that rising food and energy costs, and plummeting house prices, have not yet slowed consumer spending. “This is off the scale,” says Michael Taylor, an economist at Lombard Street Research Ltd. in London. He adds that the U.K. consumer has more resilience than expected - still, the picture is one of weakness, he says.
Such a rise is unprecedented and cannot be sustained, say analysts.
The Spanish Radio Association says Arbitron still has not addressed its concerns and research questions regarding the PPM and how “Hispanics are recruited and represented, and how the PPM panel is maintained.”
The SRA has been working with Arbitron in…
The Chicago Tribune’s new design will launch on Sept. 29, Tribune Co. chief operating officer Randy Michaels says. No details on the redesign have been released; the paper has already been decreasing its editorial pages to create a more even split…
Teens are not the best demo to target with cell phone advertising, according to a new study from comScore. Though they are cell phone-savvy, most of them - 70 percent - have their phones paid for by parents, which means…
CNN won its second night of coverage of the Democratic National Convention Tuesday. The network averaged 3.41 million viewers in the 8 p.m. to 11 p.m. time slot, despite the fact that Fox drew nearly even for the night.
Fox…
Generation Y is the most self-indulgent, Generation X is the most innovative, and Boomers are the most productive, while the “Silent Generation” and the “Greatest Generation” are the most admired, according to a recent survey by Harris Interactive, writes MarketingCharts.
Conducted for…
To encourage shoppers to buy more back-to-school items, retailers often implement “loss leader” strategies: that is, selling items at a loss or even giving them away in hopes that the reductions will attract shoppers who will then buy other, more…
