All articles by George MacDonald – Page 221
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News
Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsRestructuring bears fruit as Flying Brands profits rise
Home shopping group Flying Brands strategy to focus on its core gardening and gift divisions is bearing fruit, the retailer said as it posted improved full-year results.
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NewsHome Retail profits to beat expectations despite Argos sales fall
A later than usual catalogue launch and wintry weather contributed to a like-for-like sales fall of 9.4% at catalogue store group Argos but parent Home Retail Group expects its full-year results to beat expectations.
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NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
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NewsVideo: Primark founder Arthur Ryan collects outstanding achievement award
Famously private Primark founder Arthur Ryan for once stepped into the limelight at the Oracle Retail Week Awards last night.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
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NewsJohn Lewis defies bad weather with 14.8% sales uplift
Department store chain John Lewis posted a 14.8% sales increase last week to £50.4m, when sales of fashion and home products were strong.
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OpinionBlacks’ uphill struggle
Blacks chief executive Neil Gillis must feel like a mountain walker approaching the summit only to find there’s a steep rock face still to climb.
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NewsRWC2010: Rose raises prospect of very different M&S under Bolland
Marc Bolland is “absolutely the right man” to become chief executive of Marks & Spencer, executive chairman Stuart Rose insisted, hinting that the retailer may be poised for a period of radical change.
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NewsCharlie Mayfield: Private businesses can learn from co-ops
How business is done post-recession must be reconsidered and private companies can learn from co-ops, John Lewis Partnership chairman Charlie Mayfield has said.
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NewsTesco market share up as it piles pressure on Asda
Tesco’s Clubcard double points scheme has helped the market leading grocer take share from arch-rival Asda, the latest till roll data shows.
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NewsSuperGroup ‘oversubscribed’ as IPO bookbuilding ends
Fashion retailer SuperGroup expects to close its IPO bookbuilding within 24 hours and the offer is likely to be oversubscribed, Retail Week has learned.
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NewsBRC urges Budget public spending cuts
The Government should cut public spending rather than increase taxes in its next Budget, the British Retail Consortium has urged.
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NewsIndicative bids for HobbyCraft to be submitted today
First round offers are due today for specialist retailer HobbyCraft, which is being sold by the founding Haskins family.
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NewsFashion drives strong week for John Lewis while lottery win boosts Waitrose bacon butty sales
Department store chain John Lewis recorded an uplift in turnover of 15.1% to £51.9m last week.
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NewsConsumer confidence rises in February
Consumer confidence improved again in February and people are more optimistic about the year ahead.
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OpinionRetail's political struggle
The general election, already in full swing though yet to be declared, has been unsettling retail sector investors all year.
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AnalysisCountrywide: creating a modern proposition for rural retail
How has Countrywide overcome the challenges of rural retailing to become a modern proposition? George MacDonald finds out
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NewsHalfords gets thumbs up for car servicing centre deal
Investors have given the green light to motor accessories group Halfords’ £73.2m acquisition of Nationwide Autocentres and are confident of the deal’s merits.
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NewsMike Ashley’s intervention hits Blacks shares
General stores and food retailers both had a dull week, with each sector lagging the market.