All articles by George MacDonald – Page 198
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NewsJohn Lewis suffers weekly sales fall
Sales at department store chain John Lewis went into reverse last week but the retailer said its full-year performance would be strong.
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NewsConsumer confidence goes into tailspin
Consumer confidence crashed in January, when it plunged at a rate not seen since the recession of the early 1990s.
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NewsDouble-dip fears hit general retail stocks
Retail stocks were hit as the economy went into reverse, renewing fears of a double-dip recession, and Bank of England governor Mervyn King warned of plunging living standards.
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NewsDirectors leave Comet in the wake of dire trading update
Two Comet directors are to exit the business and redundancy consultations have begun with other head office staff as the electricals specialist battles to recover after disastrous Christmas trading.
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NewsM&S fully integrates Per Una after management shake-up
Marks & Spencer womenswear label Per Una will be fully integrated into the retailer’s core womenswear operations following a management restructuring this week.
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NewsFormer M&S boss Rose and Waitrose chief Price named Government happiness advisors
Former Marks & Spencer chairman Sir Stuart Rose and Waitrose managing director Mark Price have both been named members of the advisory panel set up to measure happiness.
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NewsPace of retail growth slowing, CBI reports
Retail sales volume rose in the early part of January but store chiefs expect the pace of growth to slow.
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NewsWolfson attacks planners for holding back economy
Next chief executive Lord Wolfson of Aspley Guise has attacked planners for holding back economic growth.
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NewsArgos-owner Home Retail ran slide-rule over Blacks
Argos-owner Home Retail Group was among the potential bidders for outdoors specialist Blacks Leisure, it has emerged
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OpinionBanks are on board – for now
The extent of new lending by the banks continues to preoccupy politicians but for some hard-pressed retailers existing borrowing is front of mind.
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NewsMarks & Spencer restructures womenswear management team
Marks & Spencer has unveiled a raft of management changes at its clothing business as part of chief executive Marc Bolland’s new strategy, Retail Week can reveal.
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NewsStaffing changes hit Games Workshop
Staff cuts hit first-half sales and profits at wargames specialist Games Workshop and the retailer is now determined to improve customer service.
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NewsChanges expected at Marks & Spencer's clothing arm
Marks & Spencer boss Marc Bolland is preparing for the next phase of the retailer’s reorganisation, when his focus is likely to be on the clothing division.
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NewsBest Buy UK online boss makes surprise exit
Best Buy UK online managing director DeVere Forster is to leave the electricals retailer just two months after the launch of its transactional website, Retail Week has learned.
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NewsJohn Lewis to open in-store spas
Department store chain John Lewis is to launch in-store spas as part of its £250m investment programme this year.
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NewsHackers force suspension of Lush online sales
Beauty specialist Lush has suspended online sales after hackers broke into its site, jeopardising customers’ financial data.
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NewsJohn Lewis weekly sales growth weakens
Sales at John Lewis department stores slowed to 4.1% last week to come in at £55.8m.
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NewsMulberry Christmas like-for-likes surge 70%
Luxury goods specialist Mulberry will beat profit expectations after a storming Christmas.
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NewsGeneral retailers up but grocers subdued
Last week’s Super Thursday round of updates brought plenty of depressing news as big names such as Dixons and Halfords warned that profits would only make the low end of expectations.
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OpinionDixons down but not out
Now that most Christmas numbers are out, retail sector investors face a fundamental question: yes, the snow affected sales but were there deeper reasons for disappointing trading at particular companies?