All articles by George MacDonald – Page 231
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.
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NewsCarphone reports "commendable" second quarter
Carphone Warehouse’s retail division, Best Buy Europe, reported that connections rose by 2% to 3.17m in the second quarter.
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NewsMarks & Spencer to sell online into 73 more countries
Marks & Spencer has massively extended its online international delivery service, adding 73 countries to the list served.
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Administrator sells Wine Cellar
Deloitte, the administrator of off licence and convenience store group Wine Cellar, has sold the majority of stores and stock to EFB Retail.
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NewsPets at Home assesses IPO potential
Specialist retailer Pets at Home has moved closer to a flotation with the appointment of JP Morgan Cazenove as joint sponsor, joint bookrunner and joint global coordinator.
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OpinionA battle has been won at Marks & Spencer
M&S can afford to be satisfied, though not complacent. It still has a long road to travel to regain past levels of success.
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Retail suffers as gloom outweighs IPO hopes
General retail stocks headed south and underperformed the market, despite rising speculation that a raft of IPOs - including a £1.7bn flotation of fast fashion group New Look - looks likely in the new year.
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NewsRetail stock interest expected to continue
Stores rebounded after the recent bout of profit taking and outperformed the market, but food retail stocks remained mired ahead of results from Tesco and Sainsbury’s.
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OpinionThe empire strikes back
Tesco publishes its first-half results a week on Tuesday. Sainsbury’s follows with its second-quarter numbers a day later. And this year the pair’s performance – even though not over comparable periods – will be even more of a needle match than usual.
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NewsJohn Lewis unveils Cardiff store
John Lewis opened the biggest Department store in Wales this morning in Cardiff’s St David’s Centre.
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NewsTopps Tiles confirms profit outlook and sees signs of stability
Specialist retailer Topps Tiles expects to report operating profit of between £10.5m and £14m – the range of analysts’ expectations – when it delivers full year results in November.
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NewsHarrods attacks Dixons’ ‘low-down’ ad campaign
Upmarket department store Harrods has hit back at a cheeky advertising campaign being run by DSGi-owned etailer Dixons.co.uk and raised the prospect of legal action.
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NewsDixons.co.uk ad campaign pokes fun at John Lewis and Selfridges
DSGi-owned electricals etailer Dixons.co.uk has launched a cheeky advertising campaign targeting rivals such as John Lewis and Selfridges.
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OpinionLehman’s ghost laid to rest?
Tuesday was the anniversary of Lehman’s collapse, which a year ago sent retail sales plunging within hours of its demise.
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AnalysisWill John Dixon be Sir Stuart Rose's successor?
Despite getting Marks & Spencer’s food back on track and a promotion to the board, some say it’s too soon to start talking up Dixon as Sir Stuart Rose’s successor. George MacDonald reports
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NewsRetail rally halted by bout of profit taking
Store shares suffered a poor week, despite the reporting season getting off to an encouraging start.
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NewsGrocery data divides opinion on Clubcard 2 impact on Tesco
The latest market data from analysts TNS Worldpanel and Nielsen gave a contrasting picture of the impact of Tesco’s Clubcard 2 double loyalty points launch in August.
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NewsBest Buy profits slide in second quarter
US electricals giant Best Buy, which will open its first big-box stores in the UK next spring, has posted a 22% fall in profits for its second quarter.
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NewsFalling food prices drive lower CPI inflation
The Consumer Prices Index annual inflation rate fell to 1.6% in August compared to 1.8% in July.