All City & finance articles – Page 579
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News
Land of Leather plans rescue deal as sales collapse
Land of Leather has announced plans to secure a rescue financing deal of 14.8 million, gross of expenses, by way of placing almost 30 million shares, underwritten by its brokers.
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Opinion
A credit to internet retailing
On Monday another sign that the internet is the saviour of retail emerged, when leading credit rating agency Moody’s issued a note explaining that it is starting to take internet sales more seriously when it comes to giving retailers a credit rating.
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News
Consumer inflation hits 3.3 per cent
Rising food and fuel prices have pushed UK consumer inflation up to 3.3 per cent, according to the Office for National Statistics.
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News
DSGi credit rating cut
DSGi’s credit rating has been cut on the back of its decreasing operating profit margin.
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News
London like-for-likes sparkle in May
London retail like-for-like sales last month were 8.2 per cent higher than a year earlier, as shoppers came out with the sunshine.
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News
Staples closes on deal for Dutch rival
Staples has this week been invited to enter talks with Corporate Express, after the US stationery retailer upped its offer for the Dutch business by 14 per cent.
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News
Borders to sell three overseas businesses
Borders is to offload a raft of its overseas businesses and slash 20 per cent of its workforce as it implements its strategic review.
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Opinion
Budget small print could block retention
Given the climate, the retail sector needs all the help it can get.
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News
Retail rents sink to lowest since 1990s
Retail rents have fallen to their lowest level since the mid-1990s and can be expected to decline for a further three years, according to a report published by property consultancy Colliers CRE.
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News
Pessina vows to stay the distance
Stefano Pessina this week promised to invest in Alliance Boots for the long term as he revealed a sparkling year for the health and beauty business which he took private in June last year.
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News
ScS fights to hold on to supplier insurance as sector fears grow
Sofas specialist ScS is in talks with Euler Hermes, the world’s biggest credit insurer, in an effort to retain cover for its suppliers.
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Opinion
Boots’ alliance has passed test
Cast your mind back a year, to the days when barely a week passed without Retail Week revealing the next big private equity deal.
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News
Fashion sales lift John Lewis
John Lewis Partnership posted a 3.9 per cent sales rise in the week to June 7.
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Opinion
The Retail Week – June 13, 2008
If this week’s stream of negative news from retailers proved one thing, it’s that the ties that bind the retail sector and the housing market run deep.
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News
Moss Bros like-for-likes fall 1.5%
Moss Bros, the menswear retailer that Icelandic investor Baugur considered buying, has reported a 1.5 per cent fall in like-for-like sales for the 19 weeks to June 7.
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News
High petrol cost hitting out-of-town, says Rose
The rising cost of fuel is benefiting the high street at the expense of out-of-town retail parks, said Marks & Spencer chief executive Sir Stuart Rose.
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Opinion
Grocers face uncertain prospects
Food prices are never far from the headlines and are likely to have further profound effects both on consumer behaviour and retailer strategy.
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News
BRC sales figures provide ray of light but gloomy picture persists
After another week of underperformance by retailers there was good news from the BRC’s May sales data, which showed a 1.9 per cent like-for-like uplift.
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News
Retailers can't quantify global sourcing savings
Cost is the main driver for retailers seeking global sourcing, yet many companies are unclear on cost savings, according to a survey by PricewaterhouseCoopers.
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News
Wal-Mart sells property firm Gazeley
Wal-Mart is to sell Gazeley, the property development subsidiary of Asda, to Dubai World company Economic Zones World.