All Home & DIY articles – Page 175
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NewsCompany profile: Store Twenty One
After investing heavily in a rebrand, Indian textiles giant Alok Group, owner of troubled fashion and homewares retailer Store Twenty One, is mulling the possibility of a sale.
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AnalysisCampaign of the week: Furniture retailer Ikea, Make Room for Your Life
The January Sales usually elicit a barrage of shouty, price-focused ads from the majority of furniture retailers, but Ikea bucks the trend with its new advertising campaign.
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NewsIan Cheshire and Lord Wolfson back Prime Minister on Europe
Retailers including Kingfisher chief executive Ian Cheshire and Next boss Lord Wolfson have welcomed David Cameron’s pledge to hold an in-out referendum on Europe.
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NewsIkea group profits jump as it lowers prices to boost sales volumes
Furniture giant Ikea’s group net profits jumped 8% to €3.2bn in the year to August 31 as the retailer benefitted from higher sales volumes and a focus on cost.
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News
Leroy Merlin DIY group to invest in new stores
Adeo’s Leroy Merlin DIY group is to invest RUB15bn (£312.2m) to open 15 stores in the central regions of Russia.A pilot store will open in Tver by the end of January. The retailer will then plan the pace of openings in other cities.General manager Vincent Gentil told Russian newspaper Izvestia: ...
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NewsThe Midlands Co-operative to close fashion and home department stores
The Midlands Co-operative is to close its fashion and home department stores after failing to compete with online rivals in a phased closure programme over the next six months.
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InterviewQ&A: Peacocks chief executive Philip Day talks about the business one year on
As Edinburgh Woollen Mill Group marks the anniversary of the administration of value fashion chain Peacocks out of administration, chief executive Philip Day tells Retail Week how he is turning the business around.
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AnalysisAnalysis: Top 10 UK retailers revealed
The retail landscape has rarely been as turbulent as it is now, and with further economic uncertainty predicted understanding what is happening with the big retailers has never been more important. Here, Retail Week reveals the UK’s top 10 retailers.
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NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
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Christmas sales surge at Cath Kidston as click-and-collect takes off
Sales rocketed at home, fashion and accessories retailer Cath Kidston over Christmas, when the retailer’s new click-and-collect service proved popular with shoppers.
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NewsJohn Lewis' first week of Clearance Sale drives 26% revenue uplift
John Lewis’ first full week of its Clearance Sale “continued momentum” from Christmas as turnover at the department store surged 26% to £91.8m in the week to January 5.
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NewsHealthy start to Boxing Day and January Sales for big-ticket retailers
Home and furniture groups report steady performance of Sales despite the impact of fewer shopping days because of the way the bank holidays fell during the Christmas period.
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InterviewQ&A: The White Company chief executive Will Kernan
The White Company’s posted strong Christmas trading and also revealed it more than doubled its operating profit to £4.5m in the 53 weeks to March 31. Retail Week speaks to chief executive Will Kernan about how the retailer generated sales growth.
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NewsDreams posts 7.2% like-for-like sales jump
Up-for-sale beds retailer Dreams has recorded a 7.2% rise in like-for-like sales over Christmas and New Year.
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NewsQD Stores acquires discount chain Thingmebobs
Value retailer QD Stores has acquired east of England discount chain Thingmebobs.
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NewsTopps Tiles like-for-likes rise 1.6% in first quarter
Topps Tiles has reported a 1.6% uplift in like-for-like sales in the first quarter as trading gathered pace in the run up to Christmas.
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NewsDunelm reports "strong" half-year as it gains market share
Value homewares retailer Dunelm has reported a 2.2% rise in like-for-likes in the 26 weeks to December 29 as it gained market share.
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NewsLakeland to expand in Europe as it invests £10m in warehouse facility
Quirky cookware brand Lakeland is investing £10m in extending its distribution centre as it prepares for overseas expansion in Europe and the Middle East.
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NewsB&Q accuses rivals of misleading shoppers over kitchen discounts
DIY giant B&Q has accused its rivals of misleading consumers with their yo-yo prices.
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NewsThe White Company doubles operating profit
The White Company doubled its operating profit to £4.5m in the 53 weeks to March 31 and said the momentum continued into the new financial year as it delivered a “strong” Christmas.