All General merchandise articles – Page 213
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NewsHamleys axes chiefs in cost-cutting drive
Iconic toy retailer Hamleys has parted company with two senior directors as part of a restructure of its head office, which could also result in a third of staff being axed.
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Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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Target experiences profit fall
General merchandise retailer Target experienced a profit fall from $602m to $522m (£379.4m to £329m) in the first quarter to May 2.Like-for-like sales in its retail arm deteriorated 3.2 per cent while total sales rose 0.4 per cent to $14.4bn (£9.08bn). It is the fifth consecutive quarter that Target’s sales ...
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Woolworths expects profit rise
Food and general merchandise retailer Woolworths expects a 20 per cent rise in full-year profits on the back of the sale of its stake in Woolworths Financials Services.The said its profit growth was aided by the R380m (£28.9m) it made from the sale of its stake. Woolworths is bucking the ...
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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Lawson shelves plan to acquire rival
The country’s second largest convenience store chain Lawson has shelved plans to acquire rival am/pm. Lawson said it could not reach an agreement with the US-based competitor.The proposed acquisition would have cost the 9,500-store retailer ¥14.5bn (£97m). As part of the deal, am/pm wanted the majority of its 1,100 stores ...
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NewsRetail sales fall in year to May
Retail sales fell again in the year to May after remaining broadly flat in April.
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NewsJessops shareholders unlikely to see return
Jessops has reported a loss of £5.9m in its first half and said that while it was still working “towards a solvent solution for the business” it does not expect “any value will be attributed to shareholders”.
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NewsJohn Lewis Partnership sales up
John Lewis Partnership recorded a 2.8 per cent sales rise in the week to May 16.
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Cash Generator to expand in Scotland
Second-hand retailer and pawnbroker Cash Generator is to double its portfolio of shops in Scotland as it seeks to up its nationwide presence.
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NewsEx-WHSmith man to run British Bookshops & Stationers
British Bookshops & Stationers’ new owners have drafted in former WHSmith director John Simpson to return the business to profitability.
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NewsClothing retailers benefit from April sales rise
Retail sales rose 3 per cent in value year on year during April and 2.6 per cent by volume, ONS data showed.
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NewsClinton hopes to retain selected Birthdays stores despite administration
UPDATED: Cards group Clinton intends to maintain an interest in Birthdays, despite placing the chain into administration.
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NewsShoppers swarm to Marks & Spencer Penny Bazaars
VIDEO: Bargain-hungry shoppers turned out in force today as Marks & Spencer opened Original Penny Bazaars in 300 stores as part of its 125th anniversary celebrations.
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NewsArgos signs deal for payroll platform service
Argos has signed an eight-year deal with NorthgateArinso to process payroll for the retailer’s 30,000 employees.
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NewsM&S reveals new marketing tagline: ‘Quality worth every penny’
Marks & Spencer has unveiled a new marketing tagline – “Quality worth every penny” – to emphasise its value credentials and reputation for quality.
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NewsMarks & Spencer launches transformation drive as profits plunge
Marks & Spencer has launched a transformation programme called 2020 – Doing the right thing, to be headed by finance director Ian Dyson.
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NewsONS admits it has overstated sales volumes
The Office for National Statistics is to revise the way it calculates its much criticised official retail sales figures.The Government’s official statistical body said the net impact of the changes will be to revise down its estimates of sales volumes. There will be no impact on the assessment of sales ...
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NewsJohn Lewis celebrates best week of the year
John Lewis experienced its best week of the year in the seven days to May 9, with the beleaugered home sector leading the way. Overall, sales were down marginally by 0.4 per cent to £46.8m.