All Retail Week UAT articles in 14 November 2008 – Page 3
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News
Majestic profits plummet 25% as champagne loses its fizz
Majestic Wine suffered a 25.5 per cent drop in first-half pre-tax profits after champagne sales slumped as corporate customers slashed expenditure.
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News
Analysts hail Tesco’s Far East growth plan
The financial sun is rising on Tesco’s Far Eastern businesses, analysts believe following a tour of stores in the region.
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News
WHSmith: The City view
Analysts remained convinced of the merits of bookseller and stationer WHSmith following an update on Wednesday.
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News
An October to forget spells out mountain to climb at Christmas
The downward pressure on retail share prices lightened a little following last week’s swingeing interest rate cut but, the scale of the industry’s difficulties were reflected in appalling British Retail Consortium sales figures.
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Opinion
Retailers need to pull together
It’s only one month and not the three required to meet the technical definition, but the October total sales decline announced by the British Retail Consortium this week confirms that retail is entering recession.
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News
Premium retailers responsible for 'greatest growth' in clothing market
2008 will be the second toughest year for clothing retailers since the turn of the century as mid-market players suffer from changing shopper habits, according to a survey by Verdict Research.
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News
Shop Direct ad drive to push beyond fashion
Shop Direct is likely to spend more on promoting the breadth of its range as it seeks to reinforce its status as a general retailer rather than a fashion specialist.
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News
Woolworths' EUK asks customers for upfront payment
EUK, variety store group Woolworths’ entertainment supply division, has been forced to ask customers for upfront payments as the credit crunch bites.
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News
Sofa Workshop future ‘uncertain’, says auditor
Sofa Workshop auditor BDO Stoy Hayward has expressed reservations about the furniture retailer’s future.
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News
Ted Baker retail sales rise but wholesale slumps
Ted Baker has revealed total sales in the 13 weeks to November 8 rose 1.8 per cent, but wholesale sales slumped 21 per cent.
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News
DSGi dealt a blow as insurer slashes cover
DSGi has become the latest retailer to be affected by tightening credit insurance conditions, which are increasingly afflicting the sector.
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News
TK Maxx sales increase in third quarter
TK Maxx has notched up a 4 per cent increase in third-quarter like-for-like sales.
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News
Unity reduces stake in French Connection
Unity Investments has reduced its holding in French Connection to 17.65 per cent.
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News
Best Buy warns on profits after 'seismic change' in shopper behaviour
US electricals giant Best Buy, which plans to make a high-profile debut in the UK next year in partnership with Carphone Warehouse, has issued a profit warning.
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News
Aldi set to offer cheap holidays on travel site
Discounter Aldi is set to launch a travel website offering customers cheap holidays.
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News
Circuit City in run for cover with Chapter 11
US electricals retailer Circuit City has filed for Chapter 11 bankruptcy protection as it struggles in the face of tumbling sales and weakening consumer confidence.
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News
New chief executive for Instore
Instore, which also trades as Poundstretcher, has appointed Aziz Tyub as its new chief executive.
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News
Netto UK boss Richard Lancaster quits
Netto UK managing director Richard Lancaster has resigned to join another retailer.
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News
Tesco adds movies and TV to download site
Tesco has added movies and TV shows to its digital download site Tesco Digital.
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News
Comet opts for service support IT from Hornbill
Comet is to adopt a system to support its IT service desk and help it adopt best practice for IT service management.