Minggu, 10 Juni 2012

Wave of half-price summer sales soon as rain hits High Street

Wave of half-price summer sales soon as rain hits High Street

By Neil Craven and David White

PUBLISHED: 15:24 EST, 9 June 2012 | UPDATED: 04:45 EST, 10 June 2012

The High Street is set for a wave of half-price summer sales after appalling weather hit the retail sector.

Many retailers were disappointed that the Queen’s Diamond Jubilee celebrations failed to provide sufficient uplift.

John Lewis said spending surged at its stores at the end of last week, but many other retailers have been left staring at mounting storeroom stocks that  are unlikely to sell as the unseasonally poor weather persists.

Proud: Hotel Chocolat boss Angus Thirlwell made the most of the Jubilee celebrations

Proud: Hotel Chocolat boss Angus Thirlwell made the most of the Jubilee celebrations

The sector appears to be increasingly split between a top flight of store chains â€" including John Lewis and BQ â€" that are coping well and many others that are struggling.

Sources said clearance sales at the hardest hit retailers would begin in earnest by the end of the month. Retailers must clear the decks for autumn ranges, which will begin arriving in August.

Peacocks, Game and Clinton Cards have already collapsed this year.

Meanwhile, the luxury brand Hotel Chocolat was determined to use the Jubilee to emphasise its British credentials.

Co-founder Angus Thirlwell said: ‘We were created in Britain, our factory is here and we use home-grown creativity, knowledge and hard work to make high-quality chocolate, so launching Jubilee-themed products seemed appropriate.’

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