All Home & DIY articles – Page 269
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Tom Hunter rejects claims he will lose his stake in Wyevale
Wyevale Garden Centre’s biggest shareholder, Sir Tom Hunter, has insisted he is not about to lose the majority of his stake in the retailer.
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Carpetright profits plummet
Carpetright has issued a profit warning for the full year as it recorded a sharp fall in underlying first-half pre-tax profit of 67.6 per cent to 8.8 million in the 26 weeks to November 1.
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Kingfisher demands monthly rents for all retailers
Kingfisher, owner of the B&Q DIY chain, will this week ask landlords to offer monthly rental deals to all retailers - not just those in trouble.
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Strategic Retail suspends shares
The shares for Fads owner Strategic Retail have been suspended this morning after it placed three of its subsidiaries into administration.
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Discounts fail to lift sales in London in November
Sales in London took a hit in November as discounts and promotions across retail stores failed to tempt shoppers to spend.
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Travis Perkins results to be in line with expectations
DIY group Travis Perkins said today that trading across both trade and retail divisions remains broadly in line with its expectations.
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Land of Leather: the City view
The sofas specialist disclosed on Tuesday that talks about a potential sale are over.
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Habitat looks East in international assault
Habitat has pushed the button on international expansion plans and will launch stores in the Middle East and Russia next year.
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The Pier makes redundancies at head office
The Pier has made almost half its head office staff redundant after falling into administration last week.
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GalleryClas Ohlson – Croydon
Scandi DIY retailer Clas Ohlson makes its UK debut in Croydon’s Whitgift Centre.
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Land of Leather ends takeover talks
Land of Leather has ended talks with parties interested in buying the business, saying the offers would fail to deliver shareholder value.
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Verdict: Retail profits to dive in 2009
Retailers should brace themselves for one of the worst years on record in 2009, as high street spending goes into reverse and retail profits nosedive.
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Like-for-like retail sales slide 2.6 per cent
Retail Sales Monitor: UK like-for-like retail sales slipped 2.6 per cent in November, and total sales fell for a second consecutive month for the first time since records began in 1995.
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Clas Ohlson makes its UK debut in Croydon centre
Swedish hardware retailer Clas Ohlson has opened its first UK store, dubbing itself a “really useful shop”.
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Kingfisher update welcomed despite a nosedive in profits
The City welcomed a better-than-expected third-quarter performance from DIY group Kingfisher despite a fall in retail profit and continuing problems in China.
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B&Q abandons customer mag to up TV ads
B&Q has ditched its customer magazine as it ploughs more of its marketing spend into TV advertising.
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Home Retail prepares to launch clearance site for cut-price sofas
Home Retail Group is to launch a standalone clearance web site offering “massive discounts” on sofas.
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Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Retailers ramp up pre-Christmas Sales
Retailers have stepped up their discounting dramatically in recent weeks, with three quarters of the UK's leading chains offering discounts in the run-up to Christmas.
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The Pier descends into administration
Homewares retailer The Pier has fallen into administration.