All Home & DIY articles – Page 243
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NewsShop price inflation up 2.3% in January
Shop price inflation was slower than expected in January, rising 2.3% as many retailers held off passing on the VAT rise that came into effect at the start of the year.
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NewsSnow hits Carpetright sales
Carpetright group sales grew 7% in the 13 weeks to January 30 as snow last month hit sales.
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Opinion
Sofa so good
Our good friend and columnist Lord Kirkham is trying to sell DFS and yesterday’s Sunday Times reported that John Lovering had joined forces with Permira for a £500m bid for the company. I haven’t quite got to the bottom of why buying it for £500m would trigger a big windfall for Kirkham, as that’s pretty much exactly what he paid for it when he took it private in 2004, but there must be an explanation - we’ll try to find out this week.
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NewsJohn Lovering to make bid for DFS
Veteran retailer John Lovering has teamed up with private equity firm Permira to put together a deal for furniture retailer DFS valued at more than £500m.
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NewsB&Q embroiled in row as Titchmarsh fronts campaign
B&Q has been drawn into a row after hiring gardening expert Alan Titchmarsh after some critics argued BBC presenters must be impartial.
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NewsB&Q to muscle in on outdoor market
B&Q is to take on leisure and outdoor retailers with the launch of a camping range in March.
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NewsDemand for traditional products lifts Dobbies Christmas sales
Garden centre group Dobbies has posted a Christmas sales rise after consumers snapped up traditional seasonal products.
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NewsGarden Centre Group Christmas profits climb 17%
Garden Centre Group, the 121-store business formerly known as Wyevale, has reported a “terrific” Christmas.
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NewsONS reports worse than expected December sales
Retail sales volumes in December rose 0.3% compared to November, below than the 1.1% lift expected by analysts, according to the Office for National Statistics.
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NewsJohn Lewis boosted by ‘pent-up demand’ as snow thaws
John Lewis said it is finishing its financial year with a “flourish” as the department store chain notched up an 11.1% increase in turnover to £53.58m in the week to January 16.
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NewsOnline retail sales hit £5.46bn in December
Shoppers spent £5.46bn online in December and increase of 17% on last year, according the IMRG Capgemini’s latest e-retail sales index.
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News
Harveys and Bensons team up for joint store in London’s West End
Furniture retailers Bensons for Beds and Harveys have opened a joint store on Tottenham Court Road, London.
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NewsConsumer fears overshadow ‘super Thursday’ updates
Retail shares slid following last week’s ‘super Thursday’ round of updates and brokers have warned store stocks might now stall.
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NewsSainsbury’s to double size in non-food
Grocer will roll out click-and-collect to build on strong growth already achieved in non-food sector
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NewsB&Q partners with Alan Titchmarsh
B&Q has partnered with celebrity gardener Alan Titchmarsh to help drive sales in its garden and outdoor product categories.
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NewsHilco writes off 60% of Habitat debt
Habitat owner Hilco plans to write off 60% of the furniture retailer’s debts as part of a turnaround plan.
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NewsOka reshuffles management as it prepares for expansion
Upmarket homewares and furniture retailer Oka has reshuffled its management team as it seeks to expand the business in the UK, Europe and the Middle East.
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NewsDFS considers IPO
DFS, the UK’s largest furniture retailer, is considering a float or third-party investment.
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NewsThe White Company reveals strong Christmas trading
Clothing and homewares retailer The White Company has revealed a strong Christmas trading period as its full year profits soar 31% to £7.9m.