All Home & DIY articles – Page 247
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News
Home Depot’s sales plummet
DIY giant Home Depot’s sales plummeted 9.1% to $19.1bn (£11.7bn) during its second quarter. Like-for-like sales were down 8.5%.“Concerns about the housing market, rising unemployment and softness in the overall economy continue to pressure consumers,” said chairman and chief executive Frank Blake. “Our business performed well in a down market, ...
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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NewsB&Q tests email discount voucher to clear stock
B&Q has embarked on its first viral marketing campaign in an attempt to drive sales and clear stock.
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News
Costco opens first Australian store in Melbourne
US-based warehouse club Costco has opened the doors of its first Australian store.Located in Melbourne, the 155,000 sq ft store attracted more than 1,000 shoppers within the first hour of trading. The store features about 3,600 SKUs comprising groceries, electronics, clothing, DVDs, books and furnishings.Fresh food is predominantly sourced locally, ...
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NewsHome Retail Group sounds alarm on credit insurance risks
Argos and Homebase parent Home Retail Group has written to its suppliers urging them not to do business with retailers that have had their credit insurance removed.
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NewsRetail sales up 3.3% in July, ONS reports
The volume of retail sales in July was 3.3% higher than in July last year as deep discounting drove sales.
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NewsFocus CVA plan has ‘strong chance of success’
DIY group Focus’s CVA proposal has “a strong chance of success”, said Seymour Pierce analyst Freddie George after a company visit.
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NewsTK Maxx enjoys like-for-like sales growth
TK Maxx is continuing to benefit from its value position with growing like-for-like sales in its second quarter.
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NewsWeak consumer confidence continues to hit US retail sales
There was little sign of improvement in consumer confidence in the US as many retailers reported second quarter results yesterday.
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NewsHalfords finance boss joins Dunelm as non-executive director
Halfords finance director Nick Wharton has been appointed a non-executive director of value homeware group Dunelm.
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AnalysisCVAs: A necessary evil or an easy way out?
The supposed abuse of CVAs has caused anger and as Focus becomes the latest to attempt one, Nicola Harrison asks if these arrangements are fair
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OpinionHome comforts
There are new signs of bounce in the hard-pressed homewares and furniture market, on which the springs went more than a year ago.
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GalleryRobert Dyas: Playing hard ball with hardware
Following Robert Dyas’s management buyout the hardware retailer wants to declutter its stores. John Ryan visits the Maidenhead test bed
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NewsBest Buy threat to UK players overblown, analyst says
The threat posed by US giant Best Buy’s UK launch to electricals specialists DSGi and Kesa has been overblown, believes broker Shore Capital.
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News
Williams-Sonoma signs franchise agreement with MH Alshaya Co
San Francisco-based home furnishings and kitchen equipment retailer Williams-Sonoma has signed a franchise agreement with MH Alshaya Co covering the Middle East region. The partnership is expected to open its first four stores under the Pottery Barn and Pottery Barn Kids banners in Dubai and Kuwait next year.The move marks ...
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NewsAllied Carpets administrator closes 142 shops
The administrators of Allied Carpets have closed 142 shops after struggling to offload the portfolio as a going concern.
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NewsHabitat drafts in marketing expert
Habitat has drafted in a marketing specialist as it seeks to develop a new marketing strategy.
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NewsClas Ohlson signs for fourth UK store
Swedish hardware retailer Clas Ohlson has signed its fourth UK store in Reading.
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NewsB&Q appoints Liz Bell and Nick Folland to board
B&Q has appointed its HR director Liz Bell and parent Kingfisher’s company secretary Nick Folland to its board.
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NewsHomeowners boost furniture sales in July
Holidaymakers deciding to revamp their homes instead of going away have been credited with boosting the furniture retail sector, according to the BRC-KPMG Retail Sales Monitor.