All articles by George MacDonald – Page 216
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NewsVolatility reigns for general retail shares
General retailers’ shares swung wildly last week and ended up underperforming the market although food stocks, helped by better than expected Sainsbury’s results, ticked up.
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AnalysisBanking facilities
After the recession, banks are once again starting to take a more flexible approach to providing retailers with lending facilities
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NewsRetail sales up 1.1% in April, ONS says
Retail sales rose 1.1% by value and 0.3% by volume month on month in April, the ONS reported.
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NewsTesco stores escape worst of Thai unrest
Tesco’s stores in Thailand are thought to have escaped the worst of the violence that has engulfed the capital, Bangkok, over the last few days.
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NewsMothercare sales pass £1bn but City profit expectations not met
Maternity specialist Mothercare generated full-year sales of more than £1bn for the first time last year but profits narrowly missed City expectations.
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NewsIceland’s Malcolm Walker defends former Baugur boss Jóhannesson
Iceland chief executive Malcolm Walker spoken up for Baugur founder Jón Ásgeir Jóhannesson, who was forced to stand down as chair of the grocer yesterday.
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NewsScrewfix adopts ‘British Football Time’ opening hours during World Cup
Screwfix, the Kingfisher-owned trade DIY chain, will switch its trading hours to “British Football Time” for England matches during the World Cup.
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NewsGeorge Osborne to unveil Budget on June 22
New Chancellor George Osborne will unveil his first Budget on Tuesday June 22.
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NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
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NewsSamantha Cameron cuts back Smythson role
Samantha Cameron, the Prime Minister’s wife, is to reduce her role at Smythson, the upmarket Bond Street retailer she is credited with having helped turn around.
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NewsJohn Lewis reports 17.7% weekly sales rise
Department store chain John Lewis generated a 17.7% sales rise last week when turnover was £55m.
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NewsRefreshing French Connection
While market debutant SuperGroup has reported a surge in sales and likely profits, another fashion retailer in a similar mould is engaged in a battle to restore profitability.
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NewsRetail drifts as City ponders the big issues
Stores, particularly food retailers, underperformed a market convulsed by uncertainty as big issues such as the future of the euro and the outcome of the general election dominated headlines.
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AnalysisPrivate equity rushes back into retail
After two years on the sidelines private equity money is back in retail. George MacDonald finds out why and what investors are looking for
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NewsCurrys-owner DSGi unveils 6% like-for-like advance
Currys and PC World-owner Electricals group DSGi has posted a 6% rise in like-for-like sales in its second half and secured a new revolving credit facility.
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NewsSales leap at Liberty
Sales at upmarket department store Liberty rose 40% in the first four months of this year, owner MWB has reported.
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NewsMarks & Spencer opens first Hong Kong food store
Marks & Spencer opened its first Hong Kong standalone food store today after a successful trial of its Food to Go range in four shops there.
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NewsBoots addresses sale of its products in Poundland
Health and beauty retailer Boots has acted over the sale of some of its No7 and Botanics lines in Poundland.
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NewsFashion helps John Lewis deliver 15.9% weekly sales rise
Fashion again drove sales at department store chain John Lewis last week, which reported a 15.9% rise in total turnover to £53.7m.
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OpinionHMV no longer top of the pops
Like the chart stars whose tunes it sells, entertainment group HMV is susceptible to wild swings of fortune and last week’s update was hardly music to investors’ ears.