All General merchandise articles – Page 236
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M&S slashes spending as like-for-like sales drop
Marks & Spencer suffered a 6.1 per cent like-for-like sales drop in its second quarter and has scaled back spending plans as it is hit by falling consumer confidence.
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Harrods announces record sales
Iconic department store Harrods has posted record sales and a profit rise in its full year to February.
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Argos to recruit far fewer seasonal staff this Christmas
Catalogue store group Argos will recruit 15,000 temporary staff this Christmas – a 25 per cent drop on last year’s number.
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NewsWoolworths to launch Store 21 fashion concessions
Woolworths is to launch Store 21 fashion concessions in 16 of its large high street stores in partnership with value fashion retailer QS.
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Consumer confidence down due to banking crisis
Consumer confidence levels dipped at the end of September due to the crisis in the financial markets, after having climbed at the beginning of the month, but consumers are beginning to acclimatise to the downturn according to market researchers GfK NOP.
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Flying Brands acts to counter poor trading
Home shopping group Flying Brands has said it will take action to offset a number of adverse events that will otherwise affect the group’s full-year performance.
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Woolworths would not be missed say 43% of shoppers
Almost half of consumers would not miss Woolworths if it disappeared from the high street, research commissioned by Retail Week has revealed.
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Cabot Circus opening puts Bristol on the map
Cabot Circus – the 1.5 million sq ft mixed-use retail and residential scheme in the heart of Bristol – opened yesterday.
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Marks and Spencer to steam ahead with debut in China
Marks & Spencer will make its much anticipated debut in mainland China next week as it proceeds with international expansion despite punishing domestic trading conditions.
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Selfridges to offer Britdesigner festive hampers
Selfridges has collaborated with renowned British fashion designer Anya Hindmarch to create its Christmas hampers.
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News99p Stores sales up as shoppers pursue value
Value retailer 99p Stores has recorded a 7 per cent hike in like-for-like sales for the calendar year to date as cash-strapped shoppers flood to its shops.
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Beales links up with Allders to save costs
Department store chain Beales has linked up with Allders to achieve greater synergies and economies of scale.
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Park Group lifted as cautious shoppers save for Christmas
Credit-crunched shoppers have helped performance at Christmas savings company Park Group, which supplies products such as seasonal hampers and vouchers.
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Metro brings in advisers as it considers sale of Kaufhof
Retail giant Metro has hired JP Morgan to advise on the possible sale of department store chain Kaufhof.
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Maxeda confident of weathering storm as profits rise
Maxeda, the Dutch store group run by former Asda boss Tony DeNunzio, generated a leap in interim profits despite difficult retail conditions.
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Sales fall for majority of retailers
Sales have fallen for the majority of retailers on the high street, with no respite in sight for October.
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Ex-Storehouse chief to join Beales
Former Storehouse director Keith Edelman is to join department store chain Beales as non-executive director and the last remaining founding family member Nigel Beale is to retire.
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Park Group sales rocket as customers spread cost of Christmas
Christmas savings retailer Park Group has been buoyed by the economic downturn as cash-strapped families save further ahead for Christmas.
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Park Group sales rocket as customers spread cost of Christmas
Christmas savings retailer Park Group has been buoyed by the economic downturn as cash-strapped families save further ahead for Christmas.
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Woolworths launches price offensive on DVDs
Woolworths has launched a price war on DVDs this week, with what it claims is an unprecedented offer to sell all chart releases for less than 10.