All Home & DIY articles – Page 171
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NewsShop prices deflate for the first time in more than three years in May
Annual shop price inflation in May slipped 0.1% from a 0.4% increase in April, the first time it has deflated for more than three and a half years.
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NewsIn focus: May retail sales figures from the BRC
UK retail like-for-like sales rose 1.8% in May, according to the British Retail Consortium (BRC)-KMPG Retail Sales Monitor. Retail Week drills down into how each of the individual categories performed.
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NewsMay like-for-likes up 1.8% helped by strong furniture and flooring sales
May retail like-for-like sales jumped 1.8% year on year boosted by the improved weather and strong sales in furniture and flooring.
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NewsHarveys-owner ups funding facilities as it prepares business for growth
Furniture retailer Steinhoff Europe, which operates Harveys and Bensons for Beds, has increased its funding facilities “in preparation for growth”, according to its lender Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB).
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Analysis
In numbers: The retail sector's contribution to the UK's public purse
Retailers have been hit by surging tax bills driven by increasing corporation and property taxes, according to the PwC survey of the Hundred Group of the UK’s largest businesses.
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NewsFurniture etailer WorldStores raises £10m to fund growth
Online furniture specialist WorldStores has raised £10m to support the rapid growth of the business from private equity firms.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.
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AnalysisSites: The Original Cookware Company Vs Zara
Gemma Lovelock, Founder of promotions marketing agency Lock-In Marketing, shares her view of good and bad sites.
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NewsKingfisher boss Cheshire insists Brits' love affair with DIY not over
Kingfisher chief executive Ian Cheshire has insisted Brits have not fallen out of love with DIY after reporting a first quarter 4.2% like-for-like decline across the group.
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AnalysisKingfisher's first quarter: What the analysts say
Kingfisher, the DIY giant which owns B&Q, blamed the poor weather on a 4.2% fall in group like-for-like sales and a slump in profits in its first quarter. Retail Week takes a look at the City’s reaction.
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NewsKingfisher posts first-quarter profit fall as poor weather hits footfall
B&Q owner Kingfisher has recorded a 4.2% slump in first-quarter group like-for-likes and a decline in profits as poor weather hit footfall.
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AnalysisAnalysis: Dwell - the furniture retailer at a glance
As the mid-market furniture retailer Dwell is rescued out of administration by its founder, Retail Week takes a look at the business.
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NewsKingfisher IT director Mike Bell departs retailer after four years
DIY giant Kingfisher group IT director Mike Bell left the retailer last month after more than four years at the group.
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NewsMay retail sales fall at steepest rate in more than a year
May retail sales fell at their sharpest rate in more than a year but retailers remain positive forecasting sales growth next month.
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InterviewQ&A: 'We've upped our game on product development to drive top line growth', says Topps Tiles boss
Topps Tiles revealed a first half 16% profit fall this morning despite a sales uplift. Retail Week speaks to chief executive Matt Williams and chief financial officer Rob Parker.
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NewsDwell hires advisers to explore sale of the 24-store retailer
Furniture retailer Dwell has hired advisers to look at its options for the future of the business, which includes a possible sale.
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NewsTopps Tiles cautious on outlook as profits tumble 16%
Topps Tiles’ adjusted pre-tax profit tumbled 16% to £4.7m in the 26 weeks to March 31 and the retailer remains cautious on the outlook.
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OpinionComment: What DIY retailers aren’t doing right in a difficult market
Homebase, B&Q and Wickes are all suffering falling sales, but perhaps a little more project-based merchandising might help.
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NewsInfographic: John Lewis reports an 8.8% sales increase
John Lewis has reported “solid” trading as sales jumped 8.8% last week to £64.97m, while Eurovision parties give Waitrose a boost
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OpinionBlog: Ikea launches interactive party planning tool
Home and furniture retailer Ikea has developed an interactive party invitation generator to encourage people to make the most of their outdoor space in the summer.