All Home & DIY articles – Page 177
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NewsJohn Lewis achieves record online sales last week
John Lewis sales jumped 9.3% to £124.2m last week, representing the third best week ever at the department store group and its best ever week online.
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Analysis
Kingfisher: What the analysts say
Profits jumped but like-for-like sales fell in the third quarter at B&Q owner Kingfisher. The performance drew mixed reaction from analysts.
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NewsKingfisher group profit drops 5.9% but UK earnings up
Kingfisher group retail profit plunged 5.9% to £257m in its third quarter to October 27, despite UK and Ireland profits advancing.
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News
Foreign Investment Promotion Board deals Ikea India a blow
Ikea’s application to enter the Indian market has been dealt a blow by the government’s Foreign Investment Promotion Board (FIPB), The Economic Times reported.The FIPB, which approved the retailer’s application last week, has blocked Ikea from setting up its Swedish food markets or restaurants within its stores. FIPB ruled that ...
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InterviewQ&A: Topps Tiles chief executive Matt Williams
Topps Tiles revealed a fall in profits despite a sales uplift in its full year, both of which were inline with expectations. Retail Week talks to Topps Tiles chief executive Matt Williams and chief financial officer Rob Parker about attracting a more affluent customer base and improving its online proposition.
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NewsProfits rise at Topps Tiles despite like-for-likes slip
Topps Tiles has shrugged off a difficult start to the financial year to return a £12.5m pre-tax profit after a rapid turnaround in like-for-like sales.
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NewsDreams founder teams up with Lord Harris to line up bid
Dreams founder Mike Clare is lining up a takeover of the bed specialist with a consortium including Carpetright chairman Lord Harris.
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NewsProfits rise at Cath Kidston
Earnings at quintessentially British fashion and homewares specialist Cath Kidston surged last year, powered by higher sales at home and abroad.
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NewsJoules mulls stake sale to fund expansion
Fashion and homewares retailer Joules is considering selling a minority stake in the business to fund expansion.
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NewsFlying Brands leases its last asset
Flying Brands has agreed a lease on its Retreat Farm property in Jersey, which is its last significant asset.
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NewsIkea 'regrets' using forced labour
Ikea has admitted some of its suppliers used political prisoners as forced labour in East Germany under the Communist regime.
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NewsDwell founder Aamir Ahmad steps down as managing director
Furniture retailer Dwell has appointed a new managing director, replacing founder Aamir Ahmad who has stepped down from the role.
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NewsB&Q launches Christmas TV ad campaign
B&Q is set to launch its Christmas TV advertising campaign tomorrow.
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GalleryStore of the week: Tiger, Brighton
In spite of its name, budget variety store Tiger is something of a minnow in the UK.
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AnalysisAnalysis: How Ikea changed furniture retailing forever
As the Swedish giant celebrates its 25th year in the UK, Nicola Harrison looks at how it has influenced the British public’s perception of interior design and its impact on the market.
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NewsProfits plummet at TJX UK
TJX UK, which operates discount retailer TK Maxx and homewares specialist Homesense, posted a pre-tax profit plunge of 62% to £35.4m in the year to January 28, despite a sales uplift.
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NewsOctober shop price inflation jumps sharply as food prices rise
Shop price inflation jumped to 1.5% in October from 1% in September driven by the rise in food inflation as increases in commodity prices finally filtered through to the consumer.
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NewsUK sales surge at Ikea as £30m investment pays off
Ikea has outperformed the tough big-ticket market to post a 6.3% rise in sales as well as market share gains as the furniture giant revamps its estate to introduce in-store theatre.
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NewsConsumer confidence dips in October
Consumer confidence fell in October despite the economy moving out of recession.