All Home & DIY articles – Page 222
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News
PPR enters talks with South African Steinhoff International Holdings
Luxury and retail group PPR has entered into exclusive negotiations with South African Steinhoff International Holdings over the sale of its shares in Conforama. The transaction is worth about E1.2 bn (£1bn) in cash. In November 2009, PPR announced that it was planning to sell off its retail division including ...
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News
Danks acquire five Magnet Mart stores as part of owners Woolworths and Lowe's venture into hardware
Woolworths and its US-based home improvement partner Lowe’s have acquired a Canberra-based hardware chain, as part of their aggressive venture into the hardware arena. The five stores, which trade under the name Magnet Mart, have been acquired by Danks, the hardware wholesaler that ...
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NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
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NewsFranchise model insulates United Carpets from harsh trading conditions
United Carpets has posted a fall in first-half profits but labelled performance “solid” in the tough trading environment.
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NewsClas Ohlson scales back UK expansion plans in tough market
Swedish DIY and homewares chain Clas Ohlson has scaled back its UK expansion plans due to difficult market conditions.
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NewsFood, fashion and furniture show record November price inflation
Food, clothing and furniture price inflation recorded record rises for November, helping drive the Consumer Prices Index up by 3.3% overall.
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NewsWickes sales grow as shoppers buy ahead of VAT rise
DIY chain Wickes like-for–likes grew 0.6% in the 47 weeks to November 27 with turnover up 2.7%.
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NewsCarpetright profit slides
Carpetright group pretax profit fell from £11m to £9.8m in the 26 weeks to October 30.
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NewsB&Q to go on Sale this Friday
DIY market leader B&Q will launch its ‘January’ Sale this Friday – its earliest and, it promised, biggest such seasonal promotion ever.
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NewsLombok turnaround puts it back into black
Furniture chain Lombok has bounced back into the black, after instigating a turnaround plan that saw it slash costs and shut stores.
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News
Ikea United Arab Emirates flagship to open in 2012
Ikea’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall store ...
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GalleryThe Conran Shop, London
At this time of year for retailers there is only one objective: sell, sell, sell (at an appropriate margin naturally), while for shoppers it’s a case of buy, buy, buy (at the lowest possible mark-up, of course).
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NewsHalfords mobile site goes transactional
Halfords has enhanced its mobile site by making it transactional to give customers a better multichannel experience.
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NewsDolphin owner eyes Bathstore
Dolphin Bathrooms owner Sun European Partners has held early discussions with Bathstore over a potential acquisition of the business.
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NewsWeak November retail sales leave Christmas 'delicately poised'
The crucial Christmas sales period got off to a slow start as snow at the end of November disrupted trading already under pressure as a result of a jittery consumer mood.
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NewsCath Kidston plans Far East push as profits soar
Homewares and fashion retailer Cath Kidston has revealed a jump in profits as it outlines plans for expansion in the Far East.
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NewsFears for discretionary spending strike shares
The festive season may be in full swing but it is worries about next year that are hitting general retail shares, which underperformed the market this week.
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NewsSainsbury’s loses its clothing and homewares directors
Blow to supermarket’s non-food ambitions as Sara Bradley and Adrian Mountford defect to rivals
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News
Homebase unveils new reserve-and-collect app
DIY retailer Homebase has launched a reserve-and-collect iPhone app as it revealed online sales soared 63% in the past year.
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NewsJohn Lewis reports flat week so far, with sales hit by snow
John Lewis has reported flat sales from Sunday to Wednesday compared with last year, as the snow impacted footfall and sales.