All articles by George MacDonald – Page 235
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NewsB&Q beats second-quarter expectations
DIY giant Kingfisher’s flagship B&Q UK chain beat second-quarter sales expectations, helped by business improvements and the collapse of rivals.
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NewsSun and tourists lift London retail sales
London retail sales once again outperformed the UK during June, helped by good weather and tourists cashing in on the weak pound.
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NewsDoubts raised over Arcandor rescue
The break-up or liquidation of parts of troubled German retail group Arcandor has become more likely after the group’s restructuring adviser quit.
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NewsJohn Lewis enjoys 'better week'
John Lewis department stores recorded a sales fall of 1.6 per cent last week in what it described as “one of the better weeks of the year thus far”.
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NewsGrocers slash plastic bag usage by 48%
Food retailers have almost halved the number of carrier bags distributed to customers, reducing their environmental impact.
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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NewsEarnings upgrades in sight as retail sales hold their own
The City took heart at better than anticipated retail sales in June, raising the prospect of sector upgrades.
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NewsMicrosoft tycoon Bill Gates takes stake in JJB Sports
Billionaire Bill Gates has taken a stake in embattled sports retailer JJB, it emerged today.
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NewsMothercare reports strong first quarter
Like-for-like sales at maternity specialist Mothercare’s core UK business climbed 5.1 per cent in the first quarter.
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NewsMarks & Spencer whistleblower loses case
Tony Goode, the former Marks & Spencer employee sacked for leaking details of planned redundancy pay cuts, has lost his employment tribunal case alleging the retailer breached his human rights.
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NewsSir Stuart Rose attack on discount fashion labelled hypocritical
Marks & Spencer has been accused of hypocrisy over its attack on discount fashion after it emerged the retailer shares suppliers with value giant Primark, The Times has reported.
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NewsJJB Sports threatens legal action against Mike Ashley
JJB Sports has threatened legal action against rival Mike Ashley, founder of Sports Direct, in an escalation of the row over a £1.5m loan to JJB chairman Sir David Jones.
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NewsHot weather sends retail sales down
Last week’s hot weather hit retail footfall and sent general merchandisers’ sales down for a second week running.
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsLoan row takes a bite out of JJB’s value
Tragedy turned to farce at JJB Sports. The troubled retailer became embroiled in controversy when it emerged that executive chairman Sir David Jones had taken a loan from arch-rival Mike Ashley, founder of Sports Direct.
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OpinionA kick in the ballots
Some of the biggest retailers have been forced on the defensive in the face of shareholder uprisings unparalleled in more than a decade.
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NewsSir Philip Green warns of uncertain final quarter
Retailers face uncertain trading conditions in the crucial final quarter of the year, Arcadia tycoon Sir Philip Green has warned.
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NewsShareholder revolt embarrasses Home Retail
Home Retail Group, owner of Argos and Homebase, says it has “taken note” of investor concern about directors’ bonuses after a shareholder revolt at Wednesday’s AGM.
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NewsClothing prices to rise as cost increases hit Marks & Spencer
Marks & Spencer will pass on higher business costs to consumers by raising prices later this year, executive chairman Sir Stuart Rose revealed.
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OpinionA tale of two retailers
Two sets of results issued on Monday illustrated perfectly how the retail sector has polarised. While online meteor Asos celebrated a stellar year, department store tiddler Beales was hunkering down for continued hard times after a challenging first half.