All articles by George MacDonald – Page 228
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AnalysisNeed to know: Quantitative easing
Last week the Bank of England decided to inject a further £25bn into the economy as part of its quantitative easing programme. But is it helping retailers?
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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OpinionMarks & Spencer takes a bigger bite
The long siege of Marks & Spencer’s food division by grocery rivals has not yet been lifted, but the defence is looking more confident and the fight is increasingly being taken to the opposition.
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News
Online secret Sales take off as Christmas battle hots up
Retailers are staging a host of “secret Sales” as the Christmas selling season kicks off in an attempt to win spend during the all important golden quarter.
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NewsAsda sales growth slows as lower inflation takes toll
Asda, the Walmart-owned grocer and general merchandiser, has reported a slowdown in sales growth and said it would save shoppers £150m this Christmas.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.
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NewsM&S considers taking Simply Food into Western Europe
Marks & Spencer has enlisted advisors to scout locations in Western Europe for Simply Food stores, it is understood.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsBest Buy International boss to make surprise departure
Bob Willett, chief executive of Best Buy International, is to leave the retailer just months before the US electricals giant makes its high-profile UK debut.
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NewsMarks & Spencer offers online shoppers 1p delivery
Marks & Spencer has kick-started its Christmas online sales campaign by offering shoppers delivery for a penny.
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NewsSainsbury’s posts 18.5% interim profits rise
Supermarket group Sainsbury’s has unveiled a leap in interim profits and said customer numbers have surged,highlighting how effectively it has responded to tough retail conditions.
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NewsTesco gains market share for first time in two years
Grocery market leader Tesco has increased its market share on a 12-week basis for the first time since 2007, the latest TNS data showed.
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NewsM&S targets £40m party food sales rise at Christmas
Marks & Spencer aims to boost sales of party food by up to 30% this Christmas on the back of three-for-two and half-price offers.
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NewsChip and PIN cards and sat-navs ‘most endangered’ technologies says DSGi
Chip and PIN credit cards, sat-navs and DVD players all feature on a list of 2010’s “most endangered technologies” compiled by DSGi-owned etailer Pixmania.com.
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NewsAsda posts flat profits and is ‘sold’ in internal Walmart deal
Asda, the Walmart-owned grocery and general merchandise giant, generated profit before tax of £520.4m last year.
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NewsGoldsmiths owner Aurum agrees refinancing
Aurum, the jewellery group formerly backed by Baugur, has agreed a debt for equity swap with lenders and said recent performance has been ahead of expectations.
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.
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NewsMarks & Spencer and Next results surpass expectations
Updates from the two biggest quoted fashion groups, Marks & Spencer and Next, pleased brokers as each retailer reported encouraging recent trading.
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NewsVictoria’s Secret unveils plans for launch in UK and Europe
US fashion and beauty giant Limited Brands has outlined plans to open Victoria’s Secret stores in strategic markets including the UK as part of an international expansion drive.