All Home & DIY articles – Page 236
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AnalysisFlower power
Canny operators are turning the humble garden centre into an anchor for retail schemes. Mark Faithfull unearths some trailblazing examples
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NewsHomeSense reveals large format and website plans
Off-price furniture retailer HomeSense, the sister brand of TK Maxx, has opened a new-model, larger-format store in Merry Hill as it gears up to launch its first transactional website.
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News
Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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News
Hornback full-year sales rise 3.7%
DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn). EBIT fell 15.4% to €151.5m (£128.5m).In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted by 0.9%. ...
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NewsSelf-help measures drive Kingfisher quarterly profits rise
Improved gross margin and cost productivity helped DIY giant Kingfisher post a rise in first quarter profits despite a like-for-like sales fall.
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NewsTopps Tiles profit falls in first half
Topps Tiles adjusted profit before tax and discontinued operations fell from £8.7m to £7.8m in the 27 weeks to April 3 as consumer confidence remains subdued.
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NewsDemand for warm weather product lifts John Lewis sales
Warm weather helped increase sales at department store chain John Lewis and grocery stablemate Waitrose last week.
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OpinionWho said anything about retiring?
Selling DFS might have been a surprise, but there’s plenty more to do yet, says Lord Kirkham
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NewsTopps Tiles invests in ads and website
Topps Tiles has made a “substantial investment” to bolster its marketing presence, revamping its website and resuming TV advertising after dropping it during the downturn.
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NewsKütchenhaus steps up expansion trail
German kitchen specialist Kütchenhaus is on the expansion trail with plans to open up to seven stores in the next 12 months.
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NewsKingfisher and Topps Tiles updates won’t lift home sector gloom
Updates from Kingfisher and Topps Tiles next week are expected to paint a subdued picture of the home sector’s performance.
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NewsPeter Ruis appointed buying and brand director at John Lewis
John Lewis buying director of fashion Peter Ruis has been promoted to buying and brand director.
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News
Woolworths aquires hardware businesses
Woolworths has acquired Gunns Retail Division in Tasmania and, in a separate arrangement, the Becks Timber & Hardware business.The Gunns acquisition includes five hardware stores in Tasmania, one timber joinery centre, one truss manufacturing plant and a support office.The move is part of the joint venture between Woolworths and US ...
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News
No rush to sell PPR retail operations
According to chief executive François-Henri Pinault, PPR isn’t in a hurry to sell off its retail operations — entertainment and electronics retailer Fnac, household goods retailer Conforama and mail order specialist Redcats.He said: “I will take the time that is necessary to sell off our operations at good conditions.” When ...
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NewsTJX Europe reports 1% rise in first quarter like-for-likes
TJX Europe, the company which operates off-price fashion chain TK Maxx in the UK, said that like-for-like sales rose 1% in the first quarter to May 1.
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NewsOnline sales up 13% in April
Online sales in April rose 13% to £4.4bn according to figures from the IMRG Capgemini e-Retail Sales Index.
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NewsEthel Austin reborn as Life & Style
Elaine McPherson, the former owner of Ethel Austin, has secured an injection of funds to launch fashion and homewares chain Life & Style, born from the ashes of the value chain which she rescued from administration for a second time in March.
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NewsScrewfix adopts ‘British Football Time’ opening hours during World Cup
Screwfix, the Kingfisher-owned trade DIY chain, will switch its trading hours to “British Football Time” for England matches during the World Cup.
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NewsInflation hits 3.7% in April
Consumer price inflation (CPI) rose in the year to April to 3.7%, according to the Office for National Statistics.