All articles by George MacDonald – Page 214
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NewsFathers' Day helps lift John Lewis sales
Department store chain John Lewis generated a 13% sales rise to £52.5m last week and is poised to launch its Sale this Saturday.
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NewsWarren Buffett increases stake in Tesco
Legendary investor Warren Buffett has increased his stake in supermarket group Tesco and now holds just over 3% of the grocer’s shares.
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NewsRetailers in favour despite hike in VAT
Retailers can live with the effects of Tuesday’s emergency Budget: that was the snap judgement of store chiefs and investors alike to the Chancellor’s announcement.
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NewsComet plans brand overhaul to stand out from competition
Electricals retailer moves to connect with customers and differentiate itself from its rivals
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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NewsPrivate equity house Isis invests £4m in gifts etailer GettingPersonal.co.uk
Private equity house Isis has invested £4m in online gifts retailer GettingPersonal.co.uk.
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NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.
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NewsAsda aims to absorb VAT rise
Grocery and general merchandise giant Asda intends to shelter shoppers from the worst of the VAT rise in the new year.
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NewsRetail sales fall in June lower than expected, CBI reports
Retail sales fell in June, although to a lesser extent than had been expected, the CBI Distributive Trades Survey showed.
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NewsComet to refurbish stores after profits rise
Electricals retailer Comet is to refurbish 40 stores his year as it seeks to respond to the revival of arch-rival DSGi and the touchdown of US powerhouse Best Buy.
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NewsB&Q to open small city centre stores
DIY retailer B&Q intends to open small-format city centre stores in the UK after the success of similar pilot stores run by parent Kingfisher overseas.
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NewsHMV withdraws 'anti-English' World Cup goods from Scottish stores
Entertainment retailer HMV is withdrawing Anyone But England World Cup T-shirts and other merchandise from Scottish stores after accusations of racism.
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NewsBoots to open nurse-led clinics and may bid for NHS services
Health and beauty giant Alliance Boots may provide NHS care through its chain of high street chemists’ stores.
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NewsWHSmith to launch book club with Richard and Judy
WHSmith has struck a deal with TV personalities Richard Madeley and Judy Finnegan to reprise the pair’s book club.
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NewsTesco faces AGM revolt over pay
Tesco faces the prospect of an investor revolt at its AGM next month over “excessive” executive pay, singling out US boss Tim Mason as an example.
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NewsWorld Cup sales boost for John Lewis
World Cup enthusiasm helped lift sales at John Lewis and Waitrose stores last week.
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OpinionA matter of quality
Quality of management is typically one of the focal points for investors in any business. And in these celebrity-obsessed times, a business version of X Factor is often played out when retail’s big roles are up for grabs
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NewsM&S manages to reduce theft for first time in more than a decade
Marks & Spencer cut theft from its stores for the first time in more than a decade last year, in stark contrast to the sector as a whole, which suffered a recession-fuelled crime wave.
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AnalysisThe changing consumer
Unprecedented economic developments have impacted on consumers. Are they ready to spend again? Here, some of the industry’s major players discuss retail’s brave new world. By George MacDonald
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NewsCity takes Q1 grocery slowdown in its stride
Grocers lagged the market as lower food price inflation contributed to lacklustre first-quarter like-for-like growth at Sainsbury’s and Tesco - 1.1% in each case before the VAT change is taken into account.