All Home & DIY articles – Page 260
-
NewsRobert Dyas moves closer to rescue deal
Robert Dyas chief executive Steven Round is close to completing a management buyout of the business.
-
News
Dreams defies furniture sector gloom with 18% jump in profits
Bed specialist Dreams has triumphed over grim furniture retail conditions by revealing an 18 per cent hike in operating profits to £14.4m in the year to December 25.Dreams said it was able to lift profits as a result of driving “significant economies of scale, despite the rising fuel and steel ...
-
News
Ian Cheshire pledges B&Q China turnaround after sales slump
B&Q owner Kingfisher will “reinvent” its store model in China as it prepares to slash shop space in the country by 40 per cent.The home improvement group’s B&Q China arm, which made losses of £52m and experienced a 24 per cent decline in sales in the year to January 31, ...
-
News
DSGi to close its loss-making Nordic stores
DSGi will shut its loss-making Finnish chain Markantalo and Swedish chain PC City.The retailer is in negotiations to close 19 out of 23 stores under the Markantalo fascia, which was acquired in December 2005 for £33.6m. The remaining four shops will convert to Gigantti, the 26-store Finnish equivalent of DSGi’s ...
-
News
Robert Dyas considers debt-for-equity swap
Hardware retailer Robert Dyas is considering a debt-for-equity swap with its bank Lloyds.It is one of several options being assessed by the retailer’s owner, private equity firm Change Capital, as it seeks to navigate the downturn.Sources close to the situation said the idea does not mean that the retailer is ...
-
News
Jysk makes early loss in UK but trading on the up
Jysk made a pre-tax loss of £1.9m in its first five months of operating in the UK due to the impact of start-up costs but said trading is “very good”.In the five months to August 31, 2008, the UK arm of the Danish furniture giant made sales of £1m in ...
-
OpinionKeep the international faith
Despite bumps in the road, emerging markets are still great opportunities, says Ian Cheshire
-
News
New Waterford Wedgwood owner to invest €100m
The new owners of crockery and glassware company Waterford Wedgwood will pump €100m ( 92.5m) into the business and embark on an aggressive growth strategy.
-
News
Bid talk lifts Topps Tiles shares ahead of update
Topps Tiles’ share price climbed last week as bid speculation swirled around the retailer.
-
News
Operating in a downturn: strategies for success
It’s not all doom and gloom. The big hitters had lots of practical insight into surviving the crunch at this year’s Retail Week Conference. We summarise some of the hot topics discussed at the event
-
News
The Q in B&Q: Founder visits New Malden eco-store
David Quayle, one of the B&Q founders and the man behind the Q in the retailer’s name, visited the eco-friendly New Malden store last week with chief executive Euan Sutherland as the business celebrates its 40th anniversary
-
News
B&Q website to take advantage of ‘world-class’ Screwfix fulfilment
B&Q and its sister brand Screwfix are sharing fulfilment capabilities as parent company Kingfisher seeks to expand its UK trade business and find synergies between the two businesses.
-
-
News
Carpetright likely to retain top spot
What does the acquisition of Allied Carpets by investment fund Sigma mean for Carpetright, the quoted player?
-
AnalysisAt home with M&S
M&S’s latest Home store, in Cardiff, has moved the format on and even added food to help drive precious footfall.
-
News
February sales volume growth slows
The volume of retail sales in February was 0.4 per cent higher than last year, showing the lowest growth rate since September 1995.
-
News
Kingfisher profits tumble
Kingfisher pre-tax profits plummeted 75 per cent after being hit by a poor performance in China and the closure of its Trade Depot chain in the UK.
-
News
Topps Tiles like-for-likes continue to decline
Topps Tiles expects to report an 18 per cent slump in like-for-like sales for the 26 weeks to March 28.
-
News
Jessops says it will pay quarterly rent bill
Jessops has said it will have no problem meeting its quarterly rent bill that is due this week after speculation cast doubt on the retailer’s ability to pay.
-
News
Rotherham council to support retail rent payments
A scheme to encourage retailers to take space in Rotherham has been launched enabling new businesses to have part of their rent paid by the council.