All Home & DIY articles – Page 233
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NewsJohn Lewis weekly sales rise 9.1%
Sales at department store chain John Lewis rose 9.1% last week to £59.2m as the retailer’s Sale drew shoppers.
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NewsDreams expects to continue its rapid growth as more rivals fail
Bed specialist Dreams is set to notch up double-digit revenue growth this year on the back of its record year in 2009, but the retailer predicts more of its rivals will hit trouble.
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NewsGrowth will be hard to maintain, says Dunelm
Value homewares retailer Dunelm has warned of toughening trading conditions, despite the likelihood that operating profits this year will be just ahead of expectations.
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NewsTopps Tiles Q3 sales improve
Topps Tiles like-for-like sales decline has softened to -1.2% in the 13 weeks to July 3.
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NewsOka halves full year losses
Furniture and homewares retailer Oka has halved its operating losses from £568,425 to £257,186 in the year to December 31.
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.
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NewsWorld Cup and sunny weather lifts retail sales in June
Retail sales grew 1.2% in June on a like-for-like basis with retailers benefitting from the hotter weather and the start of the World Cup.
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NewsJohn Lewis sales benefit from England’s World Cup exit
England’s exit from the World Cup is helping sales at department store chain John Lewis, which rose 11.4% last week to £67m.
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NewsWickes revenue up 2.1% as it outperforms market
DIY retailer Wickes made market share gains in the 26 weeks to June 30.
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NewsThree-quarters of Focus stores could be downsized
Focus DIY has revealed a 17% uplift in full-year EBITDA as it lays out plans for further stores in its new compact format.
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NewsTopps Tiles is ‘good recovery story’
A Topps Tiles analysts’ trip last week helped convince the City that the retailer is a “good recovery story”.
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Harvey Norman acquires rival Clive Peeters
Electricals retailer Harvey Norman has announced that it has bought competitor Clive Peeters following its entry into voluntary administration after a difficult trading period.The company paid A$55m (£30.4m) for the 38 operating Clive Peeters and Rick Hart shops.The deal is expected to add between Aus$300 and Aus$400m (£166.1 and £221.5m) ...
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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.