All articles by George MacDonald – Page 245
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Opinion
HMV whistles a happy tune
“Over the last two weeks there have been unprecedented changes to the competitive landscape of the entertainment sector.”
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News
City waits with bated breath as Christmas hangs in the balance
Goodwill towards retailers was in short supply as the countdown to Christmas became increasingly nervy.
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NewsAngela Spindler takes lead at Original Factory Shop
Former Debenhams managing director Angela Spindler has been appointed chief executive of Original Factory Shop, the private equity-backed value department store group.
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News
Carrefour warns on profits
International retail giant Carrefour has issued a profits warning after trading wilted, particularly in Europe.
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News
Retail sales plunge in early December, CBI reports
More than two-thirds of retailers suffered a decline in sales volumes in the first half of December and fear a difficult new year.
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News
Marks & Spencer sales have slumped
Updated: Marks & Spencer’s sales fell of a cliff last week as core categories slumped by as much as 30 per cent, it is understood.
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News
Sports Direct defies downturn with profit rise
Sports Direct has credited a “back to basics” strategy with a rise in first-half profits and said it will meet full-year profit forecasts.
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News
Pre-Christmas discounting hits record level
Retailers' pre-Christmas discounting has reached record levels and even deeper reductions are expected as store groups desperately clear stock.
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News
Inflation falls to 4.1 per cent
Inflation fell to 4.1 per cent in November from 4.5 per cent in October, the Consumer Prices Index showed.
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News
Christmas spending intentions fall again
The amount shoppers intend to spend this Christmas has fallen again and the outlook for January Sales is uncertain, GFK NOP data exclusively revealed to Retail Week has shown.
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News
Kingfisher demands monthly rents for all retailers
Kingfisher, owner of the B&Q DIY chain, will this week ask landlords to offer monthly rental deals to all retailers - not just those in trouble.
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Analysis
Video: The week in retail, December 12, 2008
TGi Friday: As Woolworths launches its closing down Sale, Tim Danaher and George MacDonald assess the likely impact on the rest of the high street and whether there is any chance of a last-minute deal. One of the long-term beneficiaries may be HMV, which posted mixed interim results on Thursday.
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News
EUK redundancies begin after no buyer is found
Two-thirds of the staff at EUK, the Woolworths-owned entertainment distributor which is in administration, have been made redundant after no buyer was found for the business.
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Opinion
David Ross row won’t hurt Carphone Warehouse
Carphone Warehouse shares hit a five and a half year low on Monday as controversy raged over co-founder David Ross’s treatment of shares.
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News
Sector manages to raise its profile following series of uplifting events
Last week’s interest rate cut, better weekly numbers from John Lewis, a weather boost and cautious broker optimism about general retailers all helped lift the sector.
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News
Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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News
Inditex posts sales and profit rise
Fast fashion giant Inditex, owner of the Zara chain, has posted a 5 per cent increase in EBITDA to €1.54 billion ( 1.34 billion) for the first nine months of the year.
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News
Ideal Shopping Direct axes jobs as sales plunge
Multichannel retailer Ideal Shopping Direct is to slash jobs by 15 per cent and will make a loss this year.
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News
Sir Geoff Mulcahy plots Woolworths comeback
Former Kingfisher boss Sir Geoff Mulcahy is in talks to take over 500 Woolworths stores and revive the brand.
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News
Marks & Spencer unveils seasonal promotions
Marks & Spencer has unveiled a swathe of promotions applicable from Thursday as high street stores battle for spend ahead of Christmas.