All articles by George MacDonald – Page 210
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsB&M Bargains completes Opus Homewares deal for £48m
Value group B&M Bargains has completed the acquisition of Opus Homewares for £48m, extending its presence north of the border and in Northern Ireland.
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NewsMarks & Spencer’s former Indian boss joins competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.
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NewsJohn Lewis sales weekly sales rise 15.5%
Sales at department store group John Lewis rose 15.5% last week to £52.5m, spearheaded by fashion which was ahead by 20%.
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OpinionFlat outlook for retail shares
Next chief executive Simon Wolfson put the cat among the retail share price pigeons last week with a frank summary of current trading conditions and the shape of things to come.
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NewsNext update and BRC data hits retail stocks
Retail stocks were left on the shelf following downbeat reports last week from Carpetright and Next and gloomy BRC July retail sales data this week.
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AnalysisApple: The tech company transforming retail
The fanfare surrounding Apple’s Covent Garden store is the latest example of how it is not only driving technological innovation but transforming retail as well. By George MacDonald
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NewsJohn Lewis to advise on 'big society' projects
Retailer John Lewis, the UK’s best-known mutual company, is to advise public sector organisations on how to improve by involving staff.
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NewsSuperdrug launches £9.99 value version of luxury skin cream
Health and beauty group Superdrug is to launch a £9.99 high street version of a luxury product more typically sold for £225.
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NewsJuly retail sales hit by jittery consumer mood, BRC reports
Retail like-for-like sales rose by just 0.5% in July as shoppers’ fear of looming public spending cuts took hold.
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NewsJohn Lewis first-half sales growth of 15% unlikely to be sustained says Andy Street
Sales at department store chain John Lewis rose 14.9% in the first half, or 12.6% excluding VAT.
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AnalysisMike Shearwood
Mike Shearwood was able to breathe a little easier last week when Aurora Fashions posted its first profit.
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NewsWolfson and Harris: tough times in store
Bellwether retailers Carpetright and Next spooked the City on Tuesday with cautious updates presaging punishing times for the stores sector.
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NewsGrocery shares climb defies watchdog news
Food and general retailers alike edged up ahead of the market as the dog days of August got under way. Each continues to lag the All Share index over the year, however.
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NewsWigan to pilot town centre trading push
A scheme to promote town centre trading and boost local economies will be piloted in Wigan this autumn and rolled out if successful.
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OpinionWatchdog is bad news, but grocers will cope
It was begun during one administration’s tenure and completed under another’s, but you probably couldn’t tell: the Government response to the consultation on creating a grocery ombudsman - or adjudicator as it is now termed - is classic British fudge.