All General merchandise articles – Page 187
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AnalysisKiddicare’s growth spurt
The trailblazing etailer is in for a busy year. As well as launching Morrisons.com it has big expansion plans of its own, all hinging on innovative use of technology. By Rebecca Thomson
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NewsAlworths goes into administration
Alworths, the ‘son of Woolworths’ chain launched by a former Woolies director, has collapsed into administration, Retail Week has learned.
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News99p Stores mulls sale as advisors appointed
Discount retailer 99p Stores has appointed advisors to work on a strategic review of the business that could lead to a sale.
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NewsFormer Tesco director joins Ocado to head non-food
Ocado has poached a Tesco director to lead its new general merchandise team as it drives to diversify its offer.
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NewsStore share prices hold up as updates begin
Food giant Sainsbury’s was among a raft of big names to report over the week, when general retailers held their own against the market.
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NewsClinton Cards first half profits fall 41%
Clinton Cards pre-tax profit plunged 41% in the first half of its 2011 financial year.
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News
Big Lots net Q4 sales up 3.8% to £934m
Discount retailer Big Lots reported that net sales increased 3.8% to $1.52bn (£934m) in the fourth quarter, while net income increased to $110m (£68m) from the $105.4m (£65m) compared with the same period last year.The retailer reported strong 2010 full-year results. Net sales increased 4.8% to $4.9bn (£3bn) and net ...
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NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).
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News
Family Dollar Stores' directors vote against sale
Family Dollar Stores has announced its board of directors has voted unanimously against a sale to the Trian Group, instead voting for the continuing implementation of the company’s strategic plan.The board felt both decisions were in the best interest of the shareholders. It also decided to adopt a shareholder rights ...
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NewsHome Retail lowers forecasts after dip in sales at Argos
Home Retail Group has lowered its year end forecast after Argos reported a dip in sales and trading conditions were more volatile than it expected.
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NewsCarpetright closes Irish stores as sales plummet by more than 50%
Carpetright will close seven of its 25 stores in the Republic of Ireland as sales plummet by more than 50% over the past three years.
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NewsFebruary retail sales worst since May 2009
Like-for-like sales fell 0.4% across the retail industry in February as shoppers kept a close eye on spending because of squeezed disposable incomes.
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NewsAlworths in the balance?
Future unclear for ‘son of Woolworths’ as founder resigns as director and restructuring looms.
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NewsClinton Cards to place Birthdays Ireland into liquidation
Clinton Cards is to place its Birthdays Ireland chain into liquidation.
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NewsFocus offloads 6 stores to Asda
DIY chain Focus has offloaded six stores to supermarket Asda in a bid to raise funds.
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NewsCity lukewarm on the outlook for retail
As pressure continued to bear down on general retail stocks, Nomura and Espirito Santo issued notes assessing prospects.
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NewsConfetti to branch out to party products
Online retailer Confetti is to expand beyond its core wedding products range as it looks to grow.
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NewsWHSmith steady after Swann sell-off
WHSmith chief executive Kate Swann last week sold a tranche of shares in the retailer.
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NewsTwinings seeks site for London flagship
Famous tea brand Twinings is on the hunt for a Central London flagship store that will be its first opening in 300 years.
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NewsHalfords appoints David Adams as non-exec
Cycles and automotive retailer Halfords Group has appointed former House of Fraser deputy chief executive David Adams as a non-executive director.