All articles by George MacDonald – Page 236
-
NewsPromising updates lift general retail stocks
Encouraging weekly numbers from John Lewis, hopes that Marks & Spencer’s first-quarter update would beat bearish expectations and a profits rise at HMV helped lift general retailers.
-
NewsThe race hots up to be Marks & Spencer’s next chief executive
The odds on leading internal candidates to succeed Sir Stuart Rose as Marks & Spencer chief executive have lengthened, according to top betting firm Paddy Power.
-
NewsCastorama holds firm as French DIY sector shrinks
Castorama holds firm as French DIY sector shrinks
-
NewsGame like-for-like sales plummet
Computer entertainment retailer Game has reported a 15.4 per cent fall in group like-for-like sales in the 21 weeks to June 27.
-
NewsKmart cuts prices for the unemployed
US retailer Kmart has launched a money-off programme for the jobless in its original home state of Michigan.
-
NewsWinding up of Woolworths made advisers £14m
Woolworths’ administrator Deloitte, restructuring specialist Hilco and other advisers were paid at least £14m to wind up the variety store group.
-
NewsMichael Jackson’s death prompts album sales surge
The sudden death of pop legend Michael Jackson has prompted a surge in sales of his albums.
-
NewsMarks & Spencer launches pick ’n’ mix sweets
Marks & Spencer will take advantage of the demise of Woolworths by launching a pick ‘n’ mix sweets range in 100 shops from September.
-
NewsMamas & Papas unveils Japanese expansion deal
Maternity specialist Mamas & Papas is to launch in Japan after striking a distribution deal with local nursery goods group Pigeon Corporation.
-
NewsJohn Lewis celebrates ‘excellent’ sales week
John Lewis department stores put in their best sales performance of the year so far last week when turnover rose 2.2 per cent.
-
NewsShock Kesa results top poor week for retail sector
Stores underperformed the market despite some impressive recent updates, and Anglo-French electricals group Kesa provided a reminder of how tough conditions remained with shocking results on Wednesday.
-
OpinionWho is the right face for Marks & Spencer?
Whether Sir Stuart Rose stays on as Marks & Spencer’s executive chairman until 2011 or goes early, what matters is getting the successor right.
-
News
Administration looms for Allied Carpets division
Allied Carpets Properties, a subsidiary of the carpets retailer, has filed notice of intention to appoint an administrator. BDO Stoy Hayward is understood to have been lined up for the role.
-
NewsClinton Cards buys 196 Birthdays stores
Cards retailer Clinton Cards has confirmed the acquisition of 196 Birthdays stores from administrator Zolfo Cooper.
-
NewsBack AGM resolution to split Sir Stuart Rose’s role, Pirc urges M&S shareholders
Influential shareholder adviser Pirc has added its voice to growing calls for Marks & Spencer to appoint an independent chairman next year.
-
NewsMorrisons and Sainsbury’s growth outpaces Aldi, TNS reports
Food shoppers “have started to revert to pre-recession behaviour” and established big grocers are outpacing discount stars such as Aldi, latest TNS Worldpanel grocery data showed.
-
NewsM&S chiefs waive share entitlements
Marks & Spencer executive chairman Sir Stuart Rose and executive director Steve Sharp are to waive share entitlements in the interests of “good shareholder relations”.
-
NewsJohn Lewis beats strikes and floods to post weekly sales rise
Sales at John Lewis department stores rose 0.4 per cent in the week to June 13, bringing the sales decline for the year so far to 4.8 per cent.
-
NewsRetail rents to plunge 20% by end of 2010
Retail rents are expected to drop by 20 per cent by the end of 2010 as recessionary conditions force landlords to offer stores better terms.
-
NewsHouseholds better off but still reluctant to spend
The average household’s discretionary income has risen by 25 per cent to £1,075 over the past 12 months, but consumers remain cautious about splashing out in stores.