All Home & DIY articles – Page 257
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News
Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
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NewsSales bloom at Tesco-owned Dobbies
Dobbies Garden Centres has reported record £97m sales, 12 per cent up on last year, in part due to surging sales of its ‘Grow Your Own’ produce range. Easter 2009 trade was up 73 per cent on last year, thanks to the later holiday dates and the warm weather.
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NewsConsumer confidence falls as unemployment concerns grow
Consumer confidence has fallen nine points since last October, according to figures from the British Retail Consortium and Nielsen.
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NewsWickes owner Travis Perkins secures rights issue to raise £300m
DIY chain Wickes’ parent company, builders’ merchant Travis Perkins, has secured a rights issue to raise £300m.The company has revealed it secured a fully underwritten 7 for 10 rights issue, through the issue of nearly 86 million new shares.It has raised gross proceeds of around £314m (around £300m net of ...
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News
Survey reveals Ikea is world's most trusted retail brand
Ikea has come out on top in a survey of the world’s most trusted retail brands released at World Retail Congress today.
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NewsOxfam suffers first drop in donations in eight years
Oxfam has felt the effects of the recession as it reports its first drop in donations for eight years.The charity shop’s donations are down 12 per cent so far this year, which it fears could mean a total of 1.2 million fewer donations in 2009.Demand for Oxfam’s goods remains high, ...
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NewsClas Ohlson plans 10 UK stores in a year
Swedish hardware chain Clas Ohlson is ramping up its UK expansion plans as it explores its long-term ambitions for Europe.
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NewsWyevale axes carbon neutrality promise
Garden centre chain Wyevale has scrapped plans to become carbon neutral by 2010 after its new management deemed the pledge “unrealistic”.
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NewsHomeForm trials concessions in Bhs Home stores
HomeForm has opened concessions in four Bhs Home stores as it seeks to reach a wider audience.
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NewsCarpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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News
Falabella experiences first quarter profit fall
Store group Falabella suffered a profit fall in its first quarter as global economic turmoil took a toll.The retailer, which runs supermarkets, home improvement stores and department stores in Argentina, Colombia and Peru as well as its domestic market of Chile, reported like-for-like declines of between 2.7 per cent and ...
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NewsJohn Lewis to launch standalone home and electricals format
John Lewis is to open standalone homewares and electricals stores in a bid to gain greater coverage of the UK market.
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NewsRetailers lead business revolt against Heathrow third runway
Retailers have called on Government to reconsider plans for a third runway at London’s Heathrow airport.
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NewsApril's fashion and gift sales up while homewares continues to suffer
Fashion and gift retailers enjoyed a lift to sales in April while homewares continued to suffer.The BDO Stoy Hayward High Street Sales Tracker of medium-sized retailers revealed that across all sectors retail like-for-likes increased 1.7 per cent in April.The report said the Easter calendar shift increased demand for gifts and ...
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NewsCarpetright director John Kitching leaves board to focus on sister brand
Carpetright executive director John Kitching will leave the retailer’s board to focus on his role as managing director of sister brand Storey Carpets.Kitching will leave the board of the UK’s largest flooring retailer at the end of this financial year on May 2, 2009.He will remain at Carpetright to “concentrate ...
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NewsCarpetright increases ad spend as it focuses on TV to halt sales slide
Carpetright will up its ad spend 15 per cent and alter its marketing strategy as sales fall in the tough big-ticket furniture sector.
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NewsReassuring updates propel retail shares again
Once again, the only way was up for store stocks as the general retailers’ rally maintained momentum following a raft of reassuring updates and results.
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News
Ikea hires new chief executive
Ikea has promoted Mikael Ohlsson to chief executive of the furniture and homewares giant. He will replace Anders Dahlvig, who has been at the helm for 10 years.Ohlsson, who has worked at Ikea for 30 years, will take up the position on September 1. At present he is regional manager ...
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News
Praktiker continues to suffer
Home improvement group Praktiker’s first-quarter losses widened from €20.8m (£18.7m) to €49.2m (£4.4m), and group sales dropped 8 per cent to €795.6m (£713.4m).The retailer said the performance was “materially attributable to its international business” as currency depreciation hit. However, Praktiker expects “adequate, positive EBITA” for the full year.Domestic sales in ...
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NewsAllied Carpets chief operating officer Jean Wattel resigns
Allied Carpets chief operating officer Jean Wattel has resigned from the carpet retailer weeks after restructuring specialist Hilco bought the company.