All General merchandise articles – Page 273
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NewsTheo Paphitis axes Partners and Stationery Box
Partners and Stationery Box are to disappear from the high street, as Theo Paphitis’s Chancerealm converts the stores to its Ryman brand.
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Jessops chief executive quits
Jessops chief executive Chris Langley has resigned from the troubled camera retailer as it updates on the first phase of its strategic review and confirmed that losses are set to hit 7.5 million.
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Playstation 3 launch drives profits at Game
International growth and sales of Playstation 3 drive profits at games retailer
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Monceau Fleurs poised to make UK debut
French discount florist plans to take on grocers with up to 50 shops
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Argos jumps on lucrative services bandwagon
Catalogue giant Argos has launched a trial of sound and vision installation services in an effort to capture a slice of the technology support market targeted by electricals retailers Comet and DSGi. The Home Retail Group-owned chain has begun a Get Connected pilot at 60 stores, providing installation services for ...
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NewsLuke Johnson leads Borders UK deal
Private investor Risk Capital Partners buys majority stake in bookstore chain
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John Lewis and Waitrose sales still climbing
Own-brand womenswear, furnishings and electronics all strong at department store chain
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Nordstrom prepares to make New York debut
Upmarket US department store chain Nordstrom is reported to be in talks to open its first shop in New York. The Seattle-based retailer, which generated US$8.6 billion ( 4.3 billion) in sales last year and operates 155 stores in 27 states, is believed to be in negotiations for a unit ...
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Laura Ashley pushes button on new branding as profits rocket
Fashion-to-furnishings retailer Laura Ashley will roll out a new brand identity following a successful trial. The retailer piloted the branding, dubbed “spring green”, in eight stores nationwide, as revealed by Retail Week (July 13). It will also up marketing investment in fashion, which represents 19 per cent of the UK ...
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Debenhams: the city view
There were sighs of relief in the Square Mile when Debenhams’ 52-week update brought no nasty surprises. Although like-for-likes fell 5 per cent and gross margin was down, profit forecasts will be met. Chief executive Rob Templeman flagged a more challenging retail environment, but said: “We believe the actions we ...
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City fears Northern Rock fiasco will erode consumer confidence
Cold weather will be better news for fashion retailers that suffered during the wet summer, but fears mounted that the consumer climate may turn truly arctic. The Northern Rock crisis could be the catalyst for shoppers to snap their purses shut. That fear was reflected in the general retail sector’s ...
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Another games specialist goes as sector struggles
Computer games chain ePlay has gone into administration and become the latest victim of the malaise affecting entertainment retailers on the high street. The 13-store retailer traded in new and used computer games and had a portfolio of stores across the UK at locations including Bristol, Birmingham, Cheltenham, Milton Keynes, ...
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Challenges ahead as Virgin becomes Zavvi
Virgin Megastores managing director Simon Douglas has admitted that rebranding Virgin Megastores to Zavvi will pose challenges for the retailer. This week, Virgin Megastores was sold as part of a management buy-out led by managing director Simon Douglas and finance director Steve Peckham. Douglas conceded that the Virgin name has ...