All City & finance articles – Page 577
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News
Shop price rise for June stays below inflation
June shop prices were 2.5 per cent higher than last year but below overall inflation, according to the BRC-Nielsen Shop Price Index.
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News
Marks & Spencer pulls out of Taiwan
Marks & Spencer is to close all its stores in Taiwan after just 14 months of trading in the country, dealing another blow to the embattled retailer.
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Opinion
Competitiveness is key for M&S
No apologies for returning to the biggest story of the week, the trials of Marks & Spencer. After all, food is at the root of its problems.
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News
Qataris increase stake in Sainsbury's
The Qatar Investment Authority has upped its stake in Sainsbury’s to 26 per cent.
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Opinion
The Retail Week – July 4, 2008
The magic has well and truly evaporated from the retail Camelot created at Marks & Spencer by Sir Stuart Rose.
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News
Flying Brands to shut Greetings Direct after US move flops
Home shopping group Flying Brands is to shut its Greetings Direct business after its US launch failed.
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News
John Lewis sales slide 8%
John Lewis has posted an 8.3 per cent fall in sales at its eponymous department store business for the week to June 28.
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News
Baugur move to UK looks likely
Baugur, the Icelandic investor that controls swathes of the UK high street, is expected to announce today its intention to move to the UK.
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Analysis
Fuel's gold
With oil prices soaring and no sign of relief in sight, retailers may need to take drastic action to keep transportation costs under control. Mark Faithfull looks at the Government’s proposal for collaboration to cut travel miles
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News
DSGi: the City view
There were few surprises in John Browett’s first set of full-year results as chief executive of DSG International but, although the results were well-flagged, Browett struggled to convince the City that better times lie ahead.
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News
Retailers slide as M&S’s share dive leads wave of falling stocks
While Marks & Spencer’s terrible performance in food grabbed the headlines on Wednesday, it was the general retailers that got a battering, as Sir Stuart Rose warned the market was at its toughest since the early 1990s.
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News
Findel sales up
Home shopping group Findel has disclosed a 3 per cent rise in group sales in its second quarter, compared with the same period last year.
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News
Asos set for overseas assault as profits race booms
Asos is poised to launch foreign-language versions of its web site as it sets its sights on international expansion to continue market-leading growth.
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News
99p Stores cashes in on weak economy
Single price-point retailer 99p Stores has reported strong growth as shoppers flock to its stores in an effort to better control their purse strings.
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Opinion
This is not just the market…
He may have been the coldest fish to have occupied a senior role in retail in recent memory, but it’s hard not to feel a degree of sympathy for Steven Esom over his spectacular fall from grace.
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NewsProCook becomes latest victim of crunch as it falls into administration
The credit crunch claimed yet another high street victim this week, as kitchen and cookware retailer ProCook plunged into administration.
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News
Matalan profits double
Value clothing and homewares group Matalan almost doubled profits last year.
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News
Beales sales slump
Department store operator Beales has recorded a 6.4 per cent drop in like-for-like gross sales and warned there will be no uplift for the remainder of its financial year.
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Opinion
Retailers can’t afford not to go green
PricewaterhouseCoopers’ latest report, Sustainability: are consumers buying it?, highlights consumers’ increasing concerns about sustainability and their willingness not only to buy into the notion, but to change their behaviour.
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Opinion
Reinvention will be our lifeline
Continually striving to improve everything we do will help retailers ride out this downturn