All articles by George MacDonald – Page 266
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News
Next to beat profit forecasts despite store sales fall
Fashion group Next suffered a 3.2 per cent like-for-like sales fall at its core stores business between July 30 and December 24, but expects full-year profits to beat expectations.
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News
DSGi warns profit target will be missed by £50 million
Electricals giant DSGi has become the first victim of harsh Christmas trading conditions and issued a profit warning.
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News
DSGi to close nearly a third of UK stores, analyst forecasts
John Browett, the new chief executive of electricals group DSGi, is likely to shut as many as 200 of the retailer’s 700 UK stores, broker Credit Suisse has forecast.
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News
M&S stores to open at 6am for Sale
Marks & Spencer will open its doors at 6am on Thursday December 27 for the launch of its Sale, and the promotion will begin online at 12.01am on Christmas Day.
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Opinion
Why Landmark is one to watch
Debenhams’ shares may have hit a record low of 75.5p on Monday, but one party sees value in the department store group.
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News
Dunelm: the City view
Despite its value credentials, homewares group Dunelm’s share price has been among the worst hit by jittery market sentiment.
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News
Retailers’ woes deepen as new year gloom tarnishes prospects
Analysts took their red pencils to the sector, as uncertainty about next year’s outlook continued to undermine sentiment.
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News
Argos Ireland strike called off
Strike action at catalogue store group Argos’ Irish shops has been called off. Staff at the retailer’s stores in The Republic of Ireland had been due to walk out today in a dispute over pay.
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News
Landmark acquires 7% stake in Debenhams
Middle Eastern retail giant Landmark has taken a 7 per cent stake in UK department store chain Debenhams through investment vehicle Milestone, raising speculation that a bid for the UK store group may be in the offing.
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Opinion
The Retail Week – December 14, 2007
John Browett, who has just become chief executive of electricals group DSGi, has another problem to add to his list.
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News
Fears for new year take shine off upbeat week for general retailers
General retailers were the week’s beneficiaries as they outperformed their food peers and the FTSE. Lower interest rates were welcomed, but analysts remained downbeat about prospects.
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News
Morrisons celebrates market share advance
Supermarket group Morrisons has shown more signs of recovery under chief executive Marc Bolland, increasing its market share at a level not seen for five years. Latest TNS Worldpanel grocery data showed Morrisons upped its share to 11.3 per cent in the 12 weeks to December 2, compared to 11.1 ...
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News
Robertson takes top job at BRC
Former B&Q marketing director Stephen Robertson, most recently marketing director at Woolworths, has been named director-general of the British Retail Consortium.
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Opinion
The Retail Week – December 7, 2007
Yesterday’s interest rate cut was a welcome early Christmas present for retailers.
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Opinion
Cheshire moves closer to top job
Ian Cheshire’s chances of becoming the next chief executive of Kingfisher won’t have been hindered by the DIY group’s third-quarter update last week.
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News
Browett vows to put customers first at DSGi
Incoming DSGi group chief executive John Browett has vowed to pursue a customer-centric strategy and re-energise the electricals giant as he took the helm this week.
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News
Norman to whip Coles into shape with revival strategy
Asda saviour Archie Norman is to be “chief coach” to Australian store group Coles following its sale and intends to transform its business culture.
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News
Argos hit by Irish strike in key Christmas period
Catalogue store group Argos has been hit by strike action at its Republic of Ireland division at the height of the Christmas trading period.
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News
Tesco shakes off tough trading as list of casualties gets longer
Once again, Tesco has proven itself immune to grisly trading conditions afflicting the sector.
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News
Spindler named MD of Debenhams
Angela Spindler, former managing director of Asda clothing business George, has been appointed to the newly created role of Debenhams managing director.