All Home & DIY articles – Page 231
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News
Bed Bath & Beyond to spend £150m on IT and stores
Bed Bath & Beyond has announced plans to spend $225m (£150m) on IT, new store openings and a store refresh initiative.The retailer plans to open about 55 to 60 stores across all of its concepts in fiscal 2010.Bed Bath & Beyond co-chairman Leonard Feinstein said: “We continue to work to ...
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NewsShop price inflation slowed to 1.5% in June
Shop price inflation slowed to 1.5% in June after slowing to 1.8% in May, according to the BRC-Nielsen Shop Price Index.
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NewsMarks & Spencer like-for-likes leap in first quarter
Marks & Spencer has reported a 6% surge in general merchandise like-for-likes in the first quarter, when the retailer wooed clothing shoppers with “improved styling, stronger fashions and great value.”
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NewsThe Retail Trust launches second Search for a Star competition
The Retail Trust has launched its second ‘Search for a Star’ competition after a successful hunt for the best musical talent in the retail sector last year.
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NewsDFS owner to buy out Lord Kirkham’s remaining interest in the business
DFS owner Advent International is working towards a refinancing deal that would buy out the last remaining debt interests of its founder Lord Kirkham.
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NewsTravis Perkins said it is making market share gains
DIY giant Travis Perkins’ retail division has reported like-for-like sales have declined 0.4% in the 26 weeks to June 30 but total sales have increased 2.1%.
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NewsJohn Lewis records 13.3% weekly sales rise
Department store chain John Lewis generated a sales uplift of 13.3% last week “despite many distractions”.
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NewsKingfisher puts Euan Sutherland in charge of group sourcing
DIY group Kingfisher has rejigged directors’ responsibilities to put more “management resource” behind its group sourcing drive.
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News
Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...
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NewsTesco sells log cabins
Tesco already sells most of anything shoppers could ever need and now it is adding flat-pack log cabins to its portfolio.
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NewsCarpetright profit surges as UK business improves
Carpetright pretax profit grew from £16.7m to £22.3m in the year to May 1.
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NewsBeales profits surge as revenue dips
Department store Beales pre-tax profit surged 67% to £909,000 in the 26 weeks to May 1.
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OpinionPutting on a united front
Individual talent alone is not enough, it is great teams that win the day.
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NewsHomeform chiefs leave company over ‘disagreement in strategy’
Homeform chief executive Tony Vicente and chief financial officer Tim Kowalski have left the business amid a difference of opinion with the owners, it has emerged.
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NewsFurniture Village bucks trend to more than double pre-tax profit
Furniture Village has more than doubled its profit before interest and tax from £2.4m to £5.4m in the year to March 2010 - but has warned that the outlook for the current year remains tough.
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GalleryMaking sense of a bigger home
Homewares retailer HomeSense has opened a larger footprint store, but can shoppers make sense of their surroundings.
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NewsHomeSense appoints MD
Off-price furniture retailer HomeSense, the sister chain to TK Maxx, has poached fashion chain M&Co’s head of buying Louise Koser as its managing director.
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NewsBuoyant Wilkinson to speed up store revamps after profits soar
Value chain Wilkinson is to ramp up its store rebranding programme after recording another strong year, with profits more than doubling in the 12 months to January 29.
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NewsTextiles Direct seeks 90% cut in rents
Sixty-eight-store homewares and soft furnishings retailer Textiles Direct has pushed through a CVA in a bid to secure its future by reducing some of its rent bills by 90%.
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NewsB&Q to open small city centre stores
DIY retailer B&Q intends to open small-format city centre stores in the UK after the success of similar pilot stores run by parent Kingfisher overseas.