All Home & DIY articles – Page 202
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NewsAldi and M&S lead way with vow to absorb Irish VAT rise
Big-name UK retailers act to appeal to Irish consumers as austerity bites in the Republic.
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News
Ikea clarifies Russian market plans
Ikea has clarified its plans for the Russian market over the next few years and expects to invest e180m (£154m) to open three new stores. The shops will be located in Moscow, St Petersburg and one of the country’s other ‘megacities’ with a population over 1 million. The Moscow store ...
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NewsIrish Government scraps plans to change upward only rent reviews
The Irish Government has scrapped plans to ban upward-only rent review clauses from existing leases.
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NewsShop price inflation falls to 2% in November
Overall shop price inflation dropped to 2% last month, from 2.1% in October, representing the lowest rate for 12 months as the supermarket price war kept prices down.
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NewsNovember retail like-for-likes down 1.6%
Retail like-for-like sales in November fell 1.6%, the weakest performance since May.
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NewsCath Kidston overseas expansion drives sales
Kitsch homewares and fashion retailer Cath Kidston operating profits nearly doubled in the 53 weeks to April as the company expanded overseas.
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NewsIkea price cuts power market share advance
Swedish furniture giant invests in online and store revamps as it ‘prepares for uplift’ in market.
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OpinionComment: Home Retail Group needs more emphasis on click-and-collect
Home Retail Group is far from the only high-profile retailer facing declining fortunes and Retail Week Knowledge Bank’s profile tracks the detail and analyses the numbers behind the headlines for both Argos and Homebase.
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NewsStore stocks tick up as consumers fret
Store stocks of all types ticked up over the week as the market overall improved, but general retailers still significantly lag the All-share index over the year.
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AnalysisIndia’s historic reforms will draw international players
The Indian cabinet has passed the bill on foreign direct investment (FDI) and agreed to allow 51% holdings in multi-brand and 100% in single-brand retail, making it one of the biggest economic reforms in the country’s history.
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OpinionLook hard enough, and retail’s glass is half full
The Chancellor’s Autumn Statement will have prompted a brief sigh of relief from retailers.
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NewsIn focus: Home Retail Group
Home Retail Group has had a rocky year, reporting falling sales and profits as the performance of its catalogue retailer Argos slipped.
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NewsNew Wickes boss Simon King ‘excited’ by the challenge ahead
Wickes new boss Simon King hopes to bring strong leadership qualities to the DIY retailer after being appointed managing director.
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News‘Affection’ for MFI will help online relaunch
The new boss of revived furniture retailer MFI has insisted the brand still has resonance.
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NewsB&Q third quarter profits surge, helped by Indian summer
Profits at DIY giant Kingfisher, owner of B&Q, surged in the third quarter as the group benefited from self-help measures such as more direct sourcing and common ranging.
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AnalysisSimon King
His time at Asda may have been short-lived, but King is held in high regard as his appointment as managing director of Wickes shows. Nicola Harrison reports
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NewsMFI to be reborn online tomorrow
Furniture retailer MFI will be revived as a pureplay etailer tomorrow (Wednesday) and has recruited a former MFI director to run the business.
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NewsProfits fall at Topps Tiles
Floorings specialist Topps Tiles full year profit before tax has plummeted 36% to £7.9m.
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NewsFormer Asda COO Simon King appointed Wickes MD
DIY chain Wickes has appointed former Asda chief operating officer Simon King as its managing director.
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GalleryThe Conran Shop: Designs on the future
The Conran Shop in Chelsea has traded for 25 years, but has been refurbished to give it greater relevance. John Ryan reports.