All Home & DIY articles – Page 237
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NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
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NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
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Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...
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NewsApril retail sales hit by early Easter and pre-election jitters
Retail sales fell 0.2% in April, 2.3% on a like-for-like basis, with sales for the month impacted by an early Easter.
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Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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Praktiker sales drop 6%
Praktiker, the DIY group, has reported a 6% drop in sales to €747.9m (£651.2m) in the first quarter of 2010, due to prolonged winter weather and persistent economic weakness in Eastern Europe.Net losses were €37.5m (£32.6m), steeper than the €36.8m (£32m) loss for the same period a year ago. January ...
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Ronato focus on growing market share
During 2010 and 2011, home improvement retailer Rona plans to focus primarily on growing its market share in Ontario and Western Canada while reinforcing its strong position in Quebec.The retailer expects to grow its share of the Canadian home improvement market from 17% to 20% by the end of 2011.By ...
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NewsFashion boosts John Lewis sales while Waitrose sparkles in the sun
John Lewis sales rose a “healthy” 11.4% in the week to April 24, as its sister chain Waitrose achieved its highest sales growth of the year.
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NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
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NewsCarpetright sales below expectations as it warns of tough year ahead
Carpetright like-for-likes in the UK & Ireland rose 1.5% in the 12 weeks to April 24, which was below internal expectations.
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NewsRetail sales up for the third consecutive month
Retail sales have grown for the third consecutive month with retailers expecting positive growth to continue in May, according to the CBI Distributive Trades Survey.
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NewsFarepak customers to receive less than £50 each
Customers who paid for Farepak hampers are expected to receive less than £50 each, after handling fees are paid.
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NewsDunelm like-for-likes up 10%
Dunelm has reported like-for-like sales up 10% in the 42 weeks to April 24, boosted by a positive response to its new shop fit.
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NewsArgos among retailers ordered to pay £20m over ‘toxic sofas’
Retailers including Argos have been ordered to pay £20m to 2,000 people who suffered from chemical burns found in anti-fungal agents in sofas.
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NewsBill Grimsey to become Focus chair
Focus chief executive Bill Grimsey is to become chairman at the DIY chain with managing director Rob Gladwin taking over as chief executive.
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AnalysisNick Worthington: Dreams’ driven chief executive
He may not have the profile of the retailer’s flamboyant founder Mike Clare, but Dreams’ chief executive has continued its strong growth despite the recession
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NewsPrivate equity firm Advent International acquires DFS
Sofas tycooon Lord Kirkham has sold his DFS chain to private equity firm Advent International for an undisclosed sum.
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NewsDobbies reports record sales at £104m
Tesco-owned garden centre retailer Dobbies recorded a 6.2% increase in like-for-like sales in the year to February.
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NewsB&Q co-founder David Quayle dies
Kingfisher bosses have paid tribute to David Quayle, the co-founder and the ‘Q’ behind B&Q, who has died, aged 73.