All Home & DIY articles – Page 220
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News
Toom Baumarkt and Hellweg Profi-Baumärkte to establish new buying group
Rewe Group’s DIY arm Toom Baumarkt and DIY retailer Hellweg Profi-Baumärkte have established a new buying group, subject to the approval of the Federal Cartel Authority. It is called DIY Union and will have a sales volume of about E3bn (£2.6bn) at its disposal.
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NewsDRL increases SEO on customer reviews
Appliance etailer DRL has increased conversions on its site after revealing the content of its customer reviews to search engines.
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NewsLondon, Glasgow and Manchester best for town centre shopping
London, Glasgow, and Manchester offer the best town centre shopping experience, according to research from retail consultancy Verdict.
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NewsIan Cheshire to be drafted into Government
Ian Cheshire, chief executive of B&Q-owner Kingfisher, is expected to be drafted into the Department of Work and Pensions as a lead non-executive director.
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NewsFood sales suffer worst December on record
Food sales by volume declined 3.4% in December, the lowest on record since the index began in 1988.
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NewsJohn Lewis weekly sales growth weakens
Sales at John Lewis department stores slowed to 4.1% last week to come in at £55.8m.
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NewsInflation threat could prompt trading down
Shoppers are increasingly likely to switch supermarkets or swap to cheaper brands in the face of soaring food price inflation.
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NewsCredit insurers vow not to pull plug on retailers
Insurers insist there won’t be a repeat of the withdrawal of cover despite HMV’s woes
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NewsThe Conran Shop cashes in on pre-VAT rise spend
Upmarket retailer The Conran Shop has revealed a strong Christmas trading update as shoppers sought to beat the VAT increase.
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NewsHalfords insists slip in bike sales is temporary
Analysts have cut their forecasts on the back of Halfords’ worse-than-expected Christmas trading update.
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OpinionDon’t fall into the VAT trap
Get beyond the VAT rise and focus on the retail essentials to succeed, says Angela Spindler
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News
Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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NewsLaura Ashley profits to beat expectations
Strong trading over Christmas means fashion and homewares business Laura Ashley now expects full year pre-tax profit to be “significantly higher” than previously expectated.
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AnalysisJim Hodkinson
The retail veteran will be able to call on decades of experience as he takes on his latest challenge at Floors-2-Go.
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NewsCath Kidston appoints new managing director as sales surge 52%
Fashion and homewares specialist Cath Kidston has appointed former Habitat chief executive Mark Saunders as managing director and reported strong Christmas trading.
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NewsThe Original Factory Shop Christmas like-for-likes up 5%
The Original Factory Shop has reported like-for-like sales up 5% over the Christmas period with sales of outdoor products strong in the snow.
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NewsIkea group profits rise 6%
Furniture giant Ikea has revealed full year net profit growth of 6.1% to €2.7bn.
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NewsJohn Lewis sales up 39% ahead of VAT increase
John Lewis sales soared 38.7% to £74.7m in the week to January 8, making it the largest weekly increase this financial year.
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NewsDunelm down in the dumps while Topps Tiles impresses
Updates from home retailers Dunelm and Topps Tiles painted a contrasting picture of trading conditions in the sector.