All Home & DIY articles – Page 242
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NewsHabitat sold to Hilco
Habitat has been sold to Hilco in a deal that will see chief executive Mark Saunders remain in his position.
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GallerySteamer Trading: A cook shop worth its salt
Kitchen retailer Steamer Trading has opened an architecturally bold store that is sure to impress. John Ryan gets a tour in historic Guildford.
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NewsCarpetright set for record UK sales
Floor coverings retailer Carpetright is expected to announce strong interim results on Tuesday following its most recent trading update for the 12 weeks ended October 24, which showed group sales up 10.3%, while like-for-like sales rose 5.6%.
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NewsHilco-backed buyout on the cards at Habitat
The management of Habitat is understood to be close to securing a buyout of the furniture retailer.
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NewsVAT to return to 17.5% in January
Chancellor Alistair Darling has confirmed in his pre-budget report that VAT will return to 17.5% on January 1, 2010.
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AnalysisEuan Sutherland is making good headway at Kingfisher
Kingfisher’s turnaround is still a work in progress, but its UK chief executive is making good headway, says George MacDonald.
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NewsNatuzzi accused in price-fixing case
Upmarket furniture retailer Natuzzi has denied involvement in alleged price fixing, for which it has been reported to the Office of Fair Trading.
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NewsManagement and Hilco lead race to buy Habitat
Habitat could be sold as early as next week with its management and restructuring specialists Hilco reported to be the front runners to buy it.
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NewsFundraising to help Topps Tiles expansion
Topps Tiles will use funds raised from a proposed placing of 17.1 million shares, equivalent to 10% of its existing capital, to refocus on UK expansion as consumer confidence returns to the home sector.
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NewsDreams targets Yorkshire in store expansion
Dreams has embarked on an expansion plan to open 40 shops over the next two years.
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NewsGrocers’ non-food sales to increase 40% by 2014
Non-food sales from grocers are expected to increase by 40% to £16.2bn in 2014, representing nearly 10p in every pound spent in supermarkets.
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NewsTopps Tiles proposes share placing as profits fall
Topps Tiles has announced a proposed share placing as it reported adjusted full-year pre-tax profits of £16.3m, down from £29.5m the year before.
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News
Woolworths and Lowe’s win final approval to jointly set up hardware stores in Australia
Woolworths and Lowe’s, the US’s second largest home improvement chain, have won final approval to jointly set up big hardware stores in Australia, acquiring domestic hardware wholesaler Danks Holdings to act as their supplier.The Australian Competition and Consumer Commission said it allowed the takeover to go ahead after Woolworths and ...
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OpinionSocial commerce in practice
Retail Week yesterday hosted a webinar on social commerce that highlighted both how much retailers have to gain from engaging with their customers, but also the many questions they have concerning how they should go about it.
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NewsMydeco promotes virtual products through PlayStation gaming platform
Homewares shopping aggregation site Mydeco has opened a virtual store in Sony’s social gaming platform PlayStation Home.
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NewsChristmas spending expected to fall
Spending this Christmas could fall for the first time in twenty years according to retail research house Verdict.
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NewsJohn Lewis buoyed by Christmas shoppers
John Lewis has revealed that sales in the week to Saturday November 14 rose 17.1% on the year to £71.9m, £500,000 ahead of the equivalent week in 2007.
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NewsFocus lines up sites for new small store format
DIY group Focus has identified 100 sites around the country for new stores as it develops a chain of smaller neighbourhood shops.
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NewsIkea: VAT cut had no sales impact
Ikea, the world’s biggest furniture retailer, said last year’s VAT cut did nothing to stimulate its UK sales and that the planned rise next year will be equally insignificant.
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NewsBrightHouse like-for-likes rise 9.9% in first half
Rent-to-own electricals and furniture retailer BrightHouse’s like-for-likes climbed 9.9% in the six months to September 30.