All General merchandise articles – Page 230
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Supermarkets up ad spend
Supermarkets have upped their ad spend while most other major retailers have slashed theirs in response to the economic crisis.
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Woolworths in danger of administration this week
Woolworths could fall into administration in a matter of days unless it completes a deal to sell its retail business to restructuring specialist Hilco, according to sources close to the company.
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John Lewis sales continue to fall
John Lewis has unveiled another set of lacklustre sales figures for the week ending Saturday, November 22.
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VAT cut expected in pre-Budget report
Chancellor Alistair Darling is expected to cut VAT to 15 per cent in today's pre-Budget report as part of a raft of measures designed to stimulate the economy.
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Asda Direct launches digital magazines service
Asda Direct has started selling downloadable online versions of consumer magazines through a “digital newsagent” service.
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Mike Duke to succeed Lee Scott as Wal-Mart chief
Mike Duke, head of Wal-Mart’s international division, is to replace Lee Scott as president and chief executive of the world’s biggest retailer next February.
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Bargain hunters flock to stores
Promotional spectaculars run by leading retailers this week brought bargain-hungry shoppers flocking to stores.
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Sir Tom Hunter will not bid for Flying Brands
Retail billionaire Sir Tom Hunter has dropped his bid to buy multichannel retailer Flying Brands.
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John Lewis confident of Christmas despite sales fall
Sales at John Lewis department stores fell 14 per cent last week, the retailer has confirmed. However, John Lewis head of selling development Barry Matheson insisted the chain is in good shape for Christmas.
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Jessops ponders tie-up with camera manufacturer
Camera specialist Jessops is considering linking up with a specific manufacturer rather than stocking a range of brands, it has been reported.
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Join Retail Week's campaign against soaring rates bills
Retail Week s Rate Rage campaign aims to stop the government increasing business rates in 2009 and 2010. Experts fear a rise of 5 per cent in 2009, adding £300 million to retailers bills, and a rise of as much as £1 billion following the 2010 revaluation. ...
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Up to 250 jobs at risk at Halfords
Motor accessories retailer Halfords is to make up to 250 job cuts at head office and in stores as it seeks cost savings.
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Original Factory hits six-month sales high
Value retailer Original Factory Shop continued to defy the downturn, revealing its strongest six months to date.
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Retail sales remain flat
Retail sales volume growth remained flat in the three months to September compared with the previous three months, according to the latest ONS figures.
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Woolies' biggest shareholder slams £1 Hilco talks
Woolworths' biggest shareholder Ardeshir Naghshineh has criticised the potential sale of the retailer to Hilco, saying the group's stores are worth much more than the nominal price that has been tabled.
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Halfords profits climb
Halfords said it is confident it will hit full-year expectations as profit before tax climbed 3.2 per cent to 49.1 million in the 26 weeks to September 25.
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Mallplace.com: Virtual mall launches with affiliate offer
A virtual mall has launched this week that hopes to become a destination for consumers to browse stores on the web in a similar way to how they would in real life.
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Sir Stuart Rose: 'step-down' in trading in last fortnight
There has been another marked fall in consumer spending in recent weeks, Marks & Spencer executive chairman Sir Stuart Rose has said.
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Woolworths in talks to sell retail arm to Hilco for £1
Woolworths is understood to be in talks to sell its high street business to specialist distressed fund Hilco for 1.
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Marks & Spencer prepares for promotional showdown with Debenhams
Marks & Spencer will launch a high-profile 20 per cent off promotion on Thursday as retailers compete more aggressively for share of Christmas spend.