All articles by George MacDonald – Page 239
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NewsBroker attacks M&S strategy and management
Discounting and cost cutting by Marks & Spencer threatens its long-term health and dramatic change is necessary to restore the retailer’s fortunes, a broker has warned.
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NewsCity cools as it doubts retail’s staying power
General retailers underperformed as questions were asked about whether the stores rally had run too far.
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OpinionIs Westminster beckoning for Next’s Simon Wolfson?
In the retail industry, much of the chatter last week centred not on Next’s latest numbers, but chief executive Simon Wolfson’s future plans. For some time, speculation has mounted that he might consider a shift into politics, casting himself as Lord King to David Cameron’s Mrs T.
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NewsAsda to boost home shopping as sales soar
Wal-Mart-owned grocer Asda intends to test a “home shopping centre” designed to extend retail capacity in its busiest locations.
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News
Recession hits Musgrave profits
Musgrave, the group whose brands include Budgens, Londis and SuperValu, suffered a profits fall as the recession bit – particularly in its Republic of Ireland domestic market.The company, which works in partnership with independent retailers that use its symbol fascias, said “increased margin and cash flow support” to its partners ...
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NewsM&S to put 2 million products on sale for 1p each for 125th birthday
Marks & Spencer will celebrate its 125th birthday next week by returning to its origins as a penny bazaar and putting 2 million products on sale for 1p each.
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NewsSainsbury’s confident in future as profits rise
Focus on fundamentals and agility in fast-changing trading conditions helped Sainsbury’s notch up an 11 per cent profits rise and fourth consecutive year of like-for-like growth.
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NewsRetail sales growth in April was best in three years
Retailers enjoyed their best sales growth in three years during April, when like-for-like sales surged 4.6 per cent and total turnover advanced 6.3 per cent.
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OpinionWaterstone’s must turn the page
Has HMV’s takeover of Ottakar’s paved the way for Waterstone’s high street domination as opponents of the deal predicted?
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Analysis
The grocery ombudsman
The Competition Commission has begun a public consultation over proposals to create a grocery ombudsman, but why would one be necessary and who would benefit?
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NewsCity encouraged by general retail outlook
Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.
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News
Harvey Nichols to widen appeal with young-fashion offer
Upscale department store group Harvey Nichols will launch a young-fashion offer early next year as part of chief executive Joseph Wan’s strategy to beat the downturn.
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News
US retail ‘undertaker’ sets up shop in UK
US-based retail restructuring and liquidation giant GA Asset Advisors has arrived in the UK in expectation of continued turmoil in the stores sector.
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NewsReassuring updates propel retail shares again
Once again, the only way was up for store stocks as the general retailers’ rally maintained momentum following a raft of reassuring updates and results.
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OpinionIs retail seaworthy again?
Are investors in retail shares, like the Jumblies, going to sea in a sieve?
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NewsConsumer confidence levels rise for third month
Consumer confidence improved in April to levels not seen for more than a year.Confidence in the general economic situation over the next 12 months reached an index level of -15, which was a 16-point improvement on the previous month and the strongest showing since August 2007 research carried out by ...
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NewsDSGi to raise £310.6m
Electricals group DSGi has unveiled plans for a £310.6m rights issue and share placing.
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NewsM&S to launch 125th anniversary fashion range
Marks & Spencer is to mark its 125th anniversary with a special womenswear range drawing on key fashion looks from the past.
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NewsHome Retail Group posts 24 per cent fall in preliminary profits
Home Retail Group, owner of the Argos and Homebase chains, has warned of continued tough trading conditions ahead after posting a 24 per cent fall in preliminary profits.
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NewsCarrefour reports ‘stable’ first quarter
International retail giant Carrefour has reported “stable” sales of €22.7bn for the first quarter of this year.