All articles by George MacDonald – Page 269
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News
Grocers stay ahead of the game as sector takes turn for the worst
General retail’s rally of the past few weeks hit the buffers as stores badly lagged in the All Share once again. Grocers outperformed, driven by Tesco’s bullishness and bid hopes for Sainsbury’s.
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News
Instore slashes losses in first half
Variety store group Instore has halved its losses in the first half to August 25, but does not expect the benefits of its improvement strategy to have a full impact until next year.
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News
Home Retail: the city view
Home Retail, owner of Argos and Homebase, preceded next Wednesday’s first-half figures with the acquisition of 27 stores from Focus DIY for 40 million.
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News
Boden backer hits jackpot as it exits business
Private equity group Piper has sold its stake in home shopping retailer Boden for 30 times what it invested originally.
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News
US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.
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NewsFocus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of £68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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News
Focus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of 68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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Opinion
Ratty will be fondly remembered by all
Richard Ratner, who died at the weekend after suffering a heart attack last week, was the first retail analyst I ever spoke to.
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Opinion
BRC sales data lifts mood with general retailers outperforming
General retailers had another good week as they outperformed the All Share index, although they still lagged behind on the year. Stronger than expected BRC’s sales data lifted the mood, although the organisation noted that widespread price-cutting contributed to the rise.
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Analysis
The Rajah of Retail
Tycoon Kishore Biyani is proving a key figure in the explosion of Indian retail. George MacDonald meets him to find out how he has helped in shaping the country’s retail revolution
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News
US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.
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News
Farewell to Ratty
The stores sector has been remembering Richard Ratner, the flamboyant Seymour Pierce vice-chairman and retail analyst, who died on Sunday after suffering a heart attack last week.
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NewsTesco director jumps ship to Sainsbury's
Supermarket group Sainsbury’s has poached Tesco director Dido Harding to head its 305-store convenience division.
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News
Alliance Boots insists profit fears misguided
Alliance Boots has rejected speculation that Government cuts to pharmacy payments will hit profits ( Retail Week Online , October 5) and said that it is trading ahead of expectations.
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News
NHS payment changes threaten Boots' profits
Health and beauty giant Alliance Boots faces a profits blow of as much as 80 million following a government decision to cut medicine payments to pharmacies.
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News
Sector sees long-awaited surge as Leahy soothes nervous City
The sector entered its golden quarter on a high as, at last, the retail sector shot up. Ironically, bullish comments from Tesco boss Sir Terry Leahy – typically more likely to drive other retailers’ share prices down – prompted a shift in sentiment.
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News
Bhs to be debt free as Green revives profits
Billionaire Sir Philip Green’s Bhs chain will be debt free by Christmas and the tycoon insisted it is not for sale.
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Opinion
JJB could have a sporting chance
Sales down, profits more than halved –there seemed little to cheer in JJB Sports’ interims last week. But the retailer’s share price ticked up as analysts responded enthusiastically to the update.