All General merchandise articles – Page 260
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No respite for Land of Leather
Land of Leather has reported a further slump in sales over the critical January period.
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WHSmith to return £90m to shareholders
WHSmith reported a 2 per cent fall in like-for-like sales over the festive period and is to return 90 million to shareholders.
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Downer back in charge as Roche quits Borders
Borders chief executive David Roche has resigned with immediate effect and Philip Downer has been appointed in his place.
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Woolworths agrees £385 million refinancing
Woolworths has agreed a refinancing package, with new four-year loan facilities totalling 385 million.
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McColl ploughs £19m into new PoS system
Convenience store operator and newsagent Martin McColl is to invest 19 million in a company-wide point-of-sale (PoS) system in the largest IT project it has undertaken to date.
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Mamas & Papas picks MD
Marek Laskowski has been promoted to managing director of Mamas & Papas retail business.
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January sales weak, but February outlook positive
Sales on the UK high street in January remained weak, but retailers are bullish about the prospects for February, according to the CBI’s Distributive Trades Survey.
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Landmark ups stake in Debenhams
Landmark Group has once more increased its stake in Debenhams to total more than 9 per cent, via its investment vehicle Milestone Resources.
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BrightHouse hires Pym as chairman
BrightHouse, the private equity backed hire purchase store group, has appointed Richard Pym as non-executive chairman.
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Marks & Spencer bans cheques
Marks & Spencer is the latest retailer to stop accepting cheques at its cash desks.
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Jessops chief nets £500,000 bonus
The chairman of beleaguered camera retailer Jessops collected a 500,000 bonus last year.
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Woolworths shakes up management
Variety store group Woolworths has made high-level management changes at its entertainment supply business EUK and retail division in an effort to drive the business forward this year.
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Woolworths bins HD-DVDs
High street chain Woolworths is to become the first major retailer to stock only Blu-Ray high-definition DVDs and to drop HD-DVDs.
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Megamart to shake up value retailing in India
Indian brand-operator and manufacturer Arvind Mills has opened a discount fashion store in Chennai, which it wants to write a new chapter in Indian value retailing.
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Beales hit by tough trading
Department store chain Beales has reported an operating loss of 1.1 million in the 53 weeks to November 3, 2007.
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John Lewis growth continues
Steady growth has continued at John Lewis with sales up 8.3 per cent to 46.2 million in the week to January 19.
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NewsJim McCarthy: downturn won’t hit value sector
Poundland chief executive Jim McCarthy has claimed the value retailer is well-placed to weather any storm if the economy deteriorates sharply after posting strong Christmas sales.
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Harrods to open luxury gifts room
Harrods will launch a luxury 'gift and objet” room this spring.
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Emergency rate cut in US helps store groups outperform at last
The US Federal Reserve’s emergency rate cut – the biggest in 25 years – helped markets rise mid-week and gave store groups a lift.
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Selfridges to smash record as luxury market holds firm
The boss of luxury department store group Selfridges has said the business will ride out this year’s economic turmoil after enjoying a record year in 2007.