Mike Welch set to drive Blackcircles tyre firm into Asia

Mike Welch, the founder of online tyre-fitter, is expanding the Borders business into Asia following its £50 million takeover by industry giant Michelin.

It was the biggest monthly retail sales fall in more than four and a half years. Picture: John Devlin

Martin Flanagan: High street woes a portent for economy

Terrible retail sales figures for December announced yesterday were a douche of cold water on an otherwise steady stream of largely positive economic data since the Brexit vote. The 1.9 per cent month-on-month slide in high street sales, far worse than the consensus City forecast for another 0.1 per cent fall after a 0.1 per cent fall in November, cannot be dressed up as anything other than bleak.

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Alan Clarke at Scotiabank described the sales figures as 'terrible'. Picture: Ian Georgeson

Retailers suffer ‘terrible’ December as sales slump

Retail sales fell at the fastest rate in nearly five years last month, as shoppers spent less on clothing, footwear and household goods in the run-up to Christmas.

Markets Economy 1
Bonmarche figures cover the period until Christmas Eve. Picture: Contributed

Mixed numbers at fashion chain Bonmarche

Sales at womenswear retailer Bonmarche edged up in the third quarter as the retailer opted for fewer discounts over the festive trading period.

Halfords has bought a minority stake in a mobile tyre-fitting business. Picture: Chris Radburn/PA Wire

Halfords drives into mobile tyre-fitting market

Halfords has reported a robust set of results for the festive period, with the bicycles to car parts chain planning to motor on after acquiring a minority stake in a mobile tyre-fitting business.

Retail advert complained about by viewers

Adverts showing twerking men top list of complaints

Adverts featuring twerking businessmen in high heels and shorts and blind footballers kicking cats were among the most complained-about commercials of 2016.

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Esther Binnie joined Edinburgh-based Innis & Gunn seven years ago. Picture: Contributed

Brewer Innis & Gunn promotes Esther Binnie to finance chief

Craft beer firm Innis & Gunn has promoted Esther Binnie to its board as finance director as it targets a doubling of turnover within the next three years.

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Graham's managing director Robert Graham said its new product was 'perfect' for health-conscious consumers. Picture: Chris Watt

Graham’s targets fitness fans with protein-packed snack

Graham’s The Family Dairy has secured supermarket shelf space for its latest product, a protein-packed snack aimed at health-conscious consumers.

Burberry has had a boost from tourists travelling to the UK. Picture: PA

Fashionable figures as Burberry cashes in on slump in pound

Luxury fashion label Burberry has hailed an “exceptional” festive performance in the UK as booming tourist trade helped send sales surging by around 40 per cent.

Sales grew at their fastest pace in almost three years, but experts warned over the impact of rising inflation. Picture: Jon Savage

Scots retailers boosted by 4.3% rise in festive sales

Retail sales north of the Border increased 4.3 per cent in December, providing a boost for businesses over the vital Christmas period.

Markets Economy
Brewgooder donates all of its profits to clean water projects. Picture: Nick Ponty

Social beer brand gets funding injection

Brewgooder, the not-for-profit craft beer brand, is looking to get into more pubs and off licences after benefiting from a new funding package.

Greggs boss Roger Whiteside will be adding vanilla latte and green tea to the chain's menu. Picture: Contributed

Greggs sales boosted by demand for healthier snacks

Sausage roll maker Greggs has reported stellar fourth-quarter trading as it prepares to refresh its drinks menu with the likes of vanilla latte and green tea.

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The EK shopping centre enjoyed a 15.8% jump in footfall during the first week of January. Picture: Ross Gilmore

East Kilbride shopping centre hails record festive footfall

EK in East Kilbride, which claims to be Scotland’s largest shopping centre of its kind, is targeting further growth after seeing a year-on-year jump in festive shoppers.

The Holiday Inn Express sits in one of the busiest locations in Edinburgh. Picture: Contributed

Edinburgh hotel changes hands in £18m deal

One of Edinburgh’s biggest and busiest city centre hotels has changed hands for almost £18 million as buyers are sought for two further Scottish establishments.

Consumers are facing inflationary headwinds following the Brexit vote. Picture: Neil Hanna

Inflation hits highest level in more than two years

Households are facing the highest inflation backcloth in well over two years, official data is set to show this week.

Markets Economy 5
Jonny and Richie Gray were presented with Bremont timepieces at jeweller Roxs flagship boutique in Glasgows Argyll Arcade

Rugby stars Jonny and Richie Gray become Bremont watch ambassadors

Scottish rugby stars and brothers Richie and Jonny Gray have been signed up as ambassadors for British watch brand Bremont.

Upmarket retailer Fortnum & Mason revealed a surge in sales over Christmas. Picture: Katie Collins/PA Wire

Fortnum & Mason rings up 16% rise in festive sales

Sales at upmarket retailer Fortnum & Mason soared over Christmas, driven by a sharp increase in online orders.

Scott Findlay and Molly Shaw, seven, enjoy Christmas shopping on Princes Street. Picture: Ian Georgeson

Brexit: Cash boost for Capital as tourist spending up 24%

“BREXIT tourists” brought the Capital some extra Christmas cheer as it emerged spending over the festive season soared in 2016.

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Tesco revealed a 0.7% rise in sales for the six weeks to 7 January. Picture: Matt Dunham/AP

Tesco eats into rivals despite muted festive performance

Analysts yesterday questioned the resilience of Tesco’s sales recovery after Britain’s biggest retailer reported modest growth over the key festive trading period and grew its market share for the first time in five years.

More positives are needed to show that M&S is 'truly on the right track', writes Martin Flanagan. Picture: David Cheskin/PA Wire

Martin Flanagan: More time needed for M&S recovery

The rollercoaster of Marks & Spencer’s shares yesterday was understandable.

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