All articles by George MacDonald – Page 255
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News
Matalan profits double
Value clothing and homewares group Matalan almost doubled profits last year.
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News
Grocers’ shares tumble as shoppers embrace discounters
TNS data showing rapid market share growth by hard discounters contributed to a fall in the share prices of quoted grocers. Meanwhile, general stores slipped still further as trading difficulties – real and imagined – undermined sentiment.
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News
Topshop goes green
Sir Philip Green’s Topshop chain is this week pushing to prove just how green it is by hosting the first of what will be an annual environmental event focused on recycling called Topshop Wants Your Rubbish, fronted by model Daisy Lowe.
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News
Arcadia overseas chief takes up Alshaya post
Arcadia’s international managing director Amir Afkami has been appointed chief operating officer of Middle Eastern trading house Alshaya’s retail division.
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News
John Lewis sales down, but Waitrose robust
John Lewis Partnership posted a group sales rise of 2.7 per cent in the week to June 21. Revenues at the eponymous department stores fell 1.2 per cent, but grocery chain Waitrose reported a 5.2 per cent rise.
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News
Tesco prepares for AGM showdown
Top retailer Tesco’s fears that its AGM will be turned into a “circus” look likely to become a reality as a raft of campaigners attempt to hijack the agenda.
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News
Grocery giants launch all-out price war
Grocery giants Tesco and Asda have fired the first shots in what is likely to be an all-out price war as credit crunched consumers cut back on shopping.
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News
Robert Dyas changes tactics on promotions
Private equity-backed hardware and home store Robert Dyas is to switch its promotional strategy to attract more regular shoppers rather than one-off visitors.
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Opinion
How good will Best Buy be?
How typical of a journalist to accentuate the negative and eliminate the positive, but here goes.
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News
Wyevale appoints marketing and ecommerce boss
Wyevale, the garden centre group controlled by tycoon Sir Tom Hunter, has poached a Homebase executive for a senior role.
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News
Grocery market to head into decline, Nielsen claims
Grocery market growth has stalled and the sector is poised to slide into decline, according to information company AC Nielsen.
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News
Video – Primark director speaks following child labour expose
Value fashion retailer Primark has posted a video interview online in which director Breege O’Donoghue is interviewed about last night’s Panorama child labour expos .
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News
Video: Primark director speaks following child labour expose
Value fashion retailer Primark has posted a video interview online in which director Breege O’Donoghue is interviewed about Monday night’s Panorama child labour expos .
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News
Baugur sells Booker stake as part of focus on retail
Icelandic investor Baugur has offloaded its 31.4 per cent stake in cash and carry business Booker as it concentrates on retail.
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News
Debenhams announces sales rise to quash City fears
Debenhams has posted a gross transaction value increase of 1.3 per cent for the 42 weeks to June 21, when like-for-likes slipped 0.6 per cent.
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News
Schuh profits soar
Privately owned footwear retailer Schuh has revealed an 18 per cent rise in EBITDA to 11.7 million in its last financial year.
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News
General retailers knocked again as more industry sagas unfold
It was a week of high drama for general retailers as veteran Woolworths chief executive Trevor Bish-Jones unexpectedly decided to stand down and furniture groups sought emergency finance.
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News
Sofa drama nears climax
It is hard to believe that less than three months ago, as he posted interim results, ScS chairman Mike Browne was “confident of a profitable second half”.
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Opinion
The Retail Week - June 20, 2008
It’s goodbye to Woolworths from Trevor Bish-Jones, but probably not a farewell to retail. I suspect we’ll hear more of Bish-Jones, assuming he doesn’t decide to sit back and enjoy spending his pay-off.
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Analysis
Red light for retail?
While harsh trading persists, retailers such as ScS and Land of Leather are reeling as supplier credit insurance is withdrawn. George MacDonald examines the power of the insurers