All articles by George MacDonald – Page 227
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NewsAsda and Tesco: winners from Woolworths’ collapse
Grocery giants Asda and Tesco have scooped the lion’s share of defunct variety store group Woolworths’ sales.
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OpinionMorrisons after Marc Bolland
The high value attributed to Morrisons chief executive Marc Bolland was evident in the share price reaction when it emerged last week that he was jumping ship to Marks & Spencer. M&S jumped 6% on the news, while Morrisons was down 5%, and Bolland was dubbed the billion-dollar man.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.
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NewsBorders UK collapses into administration
MCR has been appointed as administrator to Borders UK.
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NewsLehman Brothers collapse takes toll on Reiss
Fashion retailer Reiss has reported “creditable” earnings last year, when it suffered like other retailers in the aftermath of Lehman Brothers’ demise.
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NewsWHSmith pulls out of Borders bid
WHSmith has ended talks about buying troubled bookseller Borders UK, raising doubts over the specialist’s future.
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NewsTesco unveils broadband ambitions
Tesco is to take on broadband telecoms players such as BT, TalkTalk and Virgin media as it targets extra profits of £200m annually.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsGrocers lead the way as retail shares rise
A raft of results generally in line with expectations and signs of corporate activity returning to the sector helped general retailers keep pace with the index, but food groups were the week’s stars.
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AnalysisNick Robertson: making waves in etail
As Asos posted rocketing sales again this week, George MacDonald examines how an advertising man with no retail background has managed to set the bar so high in etail.
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OpinionIPO hopes hang on Christmas
The Christmas selling season got off to its now traditional start this week: Debenhams held a Sale.
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NewsSir Stuart Rose: ‘I don’t believe in retirement’
Video: Sir Stuart Rose will never take a retail chief executive’s role again, he said on Wednesday.
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NewsNew occupants for 75% of Woolies stores a year after demise
Three quarters of the 800 former Woolworths stores are let or under offer as the anniversary of the variety store group’s collapse approaches.
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NewsRetail sales up 3% in October, ONS calculates
Retail sales rose 3% by value year-on-year in October and volume was ahead 3.4%, the Office of National Statistics reported. The month on month rise was 0.4%.
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NewsProfits motor ahead at Halfords
Motor accessories and leisure group Halfords has posted a 24% rise in first-half profits and is confident of meeting full-year expectations.
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NewsMarc Bolland named chief executive of Marks & Spencer
Morrisons boss Marc Bolland will succeed Sir Stuart Rose as chief executive of M&S, beginning in the new year.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.
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NewsM&S launches £225m bond buy-back
Marks & Spencer has launched an offer to buy back up to £225m of corporate bonds and, subject to take-up, issue new debt with longer maturity.
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NewsConsumer prices inflation rate reaches 1.5%
Consumer price inflation rose during October for the first time since February.
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NewsTesco joint venture to build malls in China
Tesco is to build three shopping malls in China after forming a property joint venture with local partners.