All articles by George MacDonald – Page 256
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News
May sales break record
Retail sales leapt 3.5 per cent by volume last month as stores benefited from the warmest May on record, the ONS reported.
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News
Land of Leather close to £18m refinancing deal
Land of Leather was on the verge of an 18 million financial re-upholstering as Retail Week went to press, but even mid-week, the deal still hung in the balance.
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News
Clare returns to retail
Marks & Spencer on board as former DSGi chief gears up for online launch.
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News
Wal-Mart targets Russia
Wal-Mart is considering opening in Russia and surrounding countries as it initiates a new round of international expansion.
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News
Majestic Wine profits and sales climb
Specialist retailer Majestic Wine has posted a full-year profit rise and expects to sustain momentum, despite tough high street conditions.
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Opinion
Game on or time to sell?
When computer entertainment specialist Game reports on trading next month, consumer favourites such as Grand Theft Auto and the Nintendo Wii should have driven sales skywards yet again.
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News
Fashion sales lift John Lewis
John Lewis Partnership posted a 3.9 per cent sales rise in the week to June 7.
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News
Moss Bros like-for-likes fall 1.5%
Moss Bros, the menswear retailer that Icelandic investor Baugur considered buying, has reported a 1.5 per cent fall in like-for-like sales for the 19 weeks to June 7.
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News
High petrol cost hitting out-of-town, says Rose
The rising cost of fuel is benefiting the high street at the expense of out-of-town retail parks, said Marks & Spencer chief executive Sir Stuart Rose.
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News
Inditex first-quarter profits jump 10%
International fashion group Inditex has posted a 10 per cent first-quarter profit rise to €219 million ( 173.7 million).
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News
Staples' €3.1bn Corporate Express offer gets green light
US office supplies retailer Staples has been given the go-ahead to acquire Dutch counterpart Corporate Express.
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News
ScS credit insurer withdraws supplier coverage
Sofas retailer ScS Upholstery has revealed that one of its credit insurers has withdrawn coverage from suppliers.
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News
Ted Baker sales rise
Ted Baker’s group sales rose 8.4 per cent in the 19 weeks to June 7. Retail sales climbed 15.4 per cent, but wholesale turnover fell 8.6 per cent. Gross margin was in line with expectations.
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News
Morgan Stanley turns positive, but upbeat sentiment shortlived
Bullish noises from Morgan Stanley bolstered sentiment towards store groups, but food and general retailers’ shares moved little over the week.
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News
Time to get used to tough trading
Flaming June? Never mind June, it’s been flaming difficult for months. Bad weather and credit-crunched consumers have conspired, along with a plethora of other problems, to put much of retail into A&E.
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Opinion
The Retail Week – June 6, 2008
How many shops have you closed this year? Following the high-profile opening of Liverpool One and all the associated festivities, that might come across as a grumpy old man’s question, but, as the downturn persists, it’s one that all retailers should ask themselves if they haven’t done so already.
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News
Staples ups offer for Corporate Express
US office supplies retailer Staples has increased its offer for rival Dutch business Corporate Express by 14 per cent.
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Opinion
A culture shock is well overdue
DSGi boss John Browett had to put up with some mickey-taking about his pledge to “transform the very DNA” of the electricals group.
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News
Browett’s plan for DSGi fails to impress the City
Analysts sharply marked down electricals group DSGi’s shares after chief executive John Browett unveiled his turnaround strategy last week.
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AnalysisM&S has no time to revel in its glory as share price plummets
Marks & Spencer may have made 1 billion, but there was no feelgood factor as its share price – and those of its general merchandise and food counterparts – slid.