All Retail Week UAT articles in 28 November 2008 – Page 3
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Hamleys lays the foundation for international expansion in 2009
Iconic toy retailer Hamleys is ramping up international plans with dates set for launches in China and Russia and plans to go into Singapore, Poland and the Czech Republic.
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Woollen Mill to convert bought Rosebys stores
The Rosebys brand name is to be abandoned by Edinburgh Woollen Mill, which this month bought 77 of the outlets out of administration.
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Focus value range brings home £1m in first month
DIY retailer Focus has generated sales of more than 1 million from its new value range Payless since launching it four weeks ago.
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Richer Sounds profits suffer as margins slip
Specialist electricals retailer Richer Sounds posted a 38.8 per cent fall in pre-tax profits to 3.7 million for the year to April 26.
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Thomas Pink to expand overseas
Luxury shirt retailer Thomas Pink is poised to ramp up its international presence starting at the end of this year and continuing through 2009.
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Retailers to go VAT-free in twist on discounting frenzy
Retailers are staging VAT-free promotions to kick-start trade in the key Christmas period.
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Second MFI administration is latest blow for home sector
Big-ticket home retailers believe MFI’s collapse into administration could deal another huge blow to the beleaguered sector in the run-up to the crucial January Sales period by further denting already fragile cons-umer confidence.
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VAT nightmare as retailers struggle with cut
Retailers have reacted angrily to the VAT cut announced by Chancellor Alistair Darling on Monday, saying it will make little difference to sales and cause huge disruption at the most important time of year.
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Employment minister relaxed about retail job losses despite Woolworths' collapse
Employment minister Tony McNulty has adopted an indifferent stance on the prospect of hundreds of thousands of retail job losses as the downturn bites.
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Findel profits up
Home shopping group Findel has reported a total pre-tax profit of 5.7 million in the six months to September 30, up from 2.5 million the year before.
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Home Retail Group purchases two electricals brands
Home Retail Group, owner of Argos and Homebase, has acquired specified rights to the electricals brands Alba and Bush.
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Woolworths administration confirmed
The appointment of Deloitte as Woolworths' administrator was confirmed this morning.
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Kingfisher profits drop and Trade Depot to close
Kingfisher has revealed its profits have dropped 4 per cent at constant exchange rates to 176 million in the 13 weeks to November 1 and warns there are challenging times ahead.
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DSGi moves into loss as recession looms
Electricals giant DSGi, owner of chains including Currys and PC World, is preparing to tough out a recession after making a first-half loss.
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Woolworths and MFI enter administration: A sad day for retail
Comment: Two of the most venerable names in retail collapsed today, in what is the saddest day for retail that anyone in this office could remember.
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Fashion retailers join forces to implement VAT cut
Marks & Spencer, Arcadia, Bhs, Next, New Look and Mosaic Fashions have jointly confirmed they will implement the 2.5 per cent cut in VAT on Monday, or as soon as possible afterwards.
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Woolworths enters administration
Updated: Woolworths' retail division and its entertainment supply business EUK are being put into administration.
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26 stores to close as MFI administration is confirmed
Updated: MFI has confirmed that it has gone into administration and that 26 of its stores will be closed.
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Government intervenes in Woolworths crisis
Exclusive: Business Secretary Lord Mandelson's department has intervened to attempt to save variety store group Woolworths.
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Kookai appoints Matthieu Dietsch as UK managing director
Fashion retailer Kookai has appointed Matthieu Dietsch as managing director of its UK business.