All articles by George MacDonald – Page 261
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News
Topps Tiles to post profit fall as market toughens
Tile and flooring specialist Topps Tiles expects to post a slight decline in first-half profits.
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News
ScS suffers first-half loss
Sofa retailer ScS Upholstery has plunged into loss and warned that there is no end to punishing trading conditions in sight.
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News
Sainsbury’s reveals £1.2bn property deal as sales rise again
Sainsbury’s has posted its 13th consecutive quarter of like-for-like growth and created a 1.2 billion joint venture to develop and improve stores.
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News
Marks & Spencer creates central European joint venture
Marks & Spencer has created a joint venture in central and Eastern Europe with its local franchise partner and will open 30 more shops there.
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Opinion
Easter storms match DIY mood
For DIY and garden retailers, Easter is the trading equivalent of Christmas.
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News
Retail takes body blow as stocks plunge after Bear Stearns crisis
The whole market slumped as US investment bank Bear Stearns became the latest credit crunch victim and retailers were again hit hard as brokers fretted about the outlook for the consumer economy.
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News
Reevoo wins funding for international expansion
Shoppers’ review site Reevoo is expanding internationally after winning new investment from Banexi Ventures.
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News
Cissell to run Wal-Mart China
Robert Dyas chief jumps ship to lead global retail giant’s fast-growing operations in China
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News
WHSmith seals hospital and motorway deals
WHSmith has bolstered its travel division with two deals in hospitals and motorway service stations.
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News
Wolfson confident in Next as tough year looms
Fashion group Next sees little prospect of an improvement in consumer spending in the next year.
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Analysis
City supports Rose’s power shift but draws line under Morrisons
Marks & Spencer’s share price shrugged off controversy over Sir Stuart Rose’s shift into the role of executive chairman in June. Although down, the retailer’s share price performed better than the general retail sector over the week.
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News
Rose defends his dual M&S role as sparks fly
Marks & Spencer chief executive Sir Stuart Rose has accused his corporate governance critics of adopting an “ideological” stance and insisted that controversial boardroom changes are in the retailer’s best interests.
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Opinion
M&S has been here before
A retail bellwether hovering around the £1 billion profit mark; an executive chairman almost synonymous with the business itself; signs of deteriorating trading and a clutch of directors eager to move into the top job. Sound familiar?
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News
Sector like-for-likes up but non-food is dismal
Retailers’ performances continued to polarise last month, as price-conscious shoppers tightened their belts.
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News
RWCO8: Hogsted relaunches attack on UK planning regime
Ikea mid-Europe manager Peter Hogsted has said the retailer faces less red tape in markets such as China and Russia than in the UK.
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News
Benetton family to buy World Duty Free
Airports operator BAA is to sell its World Duty Free chain to Italian company Autogrill, which is controlled by the Benetton family, for 546.6 million.
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News
MFI claims spark £57 million legal row
Private equity firm Merchant Equity Partners is embroiled in a 57 million battle with joinery business Galiform over the value of assets of furniture chain MFI.
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News
Asda sales strengthen in February
Grocery group Asda’s sales beat internal projections last month, helped by its low-price positioning and seasonal promotions, parent Wal-Mart disclosed.
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News
Carrefour boardroom powershift clouds recovery
Big changes are on the cards at French retail giant Carrefour, which today posted a rise in sales and profits.