All Home & DIY articles – Page 275
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MFI to secure deals on rent holiday
Property giant Land Securities is understood to have provisionally agreed to allow embattled furniture retailer MFI a three-month rent holiday.
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Rosebys makes 32 redundancies
Value home furnishings retailer Rosebys has made 32 redundancies, mostly at head office, after falling into administration last week.
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Consumer confidence down due to banking crisis
Consumer confidence levels dipped at the end of September due to the crisis in the financial markets, after having climbed at the beginning of the month, but consumers are beginning to acclimatise to the downturn according to market researchers GfK NOP.
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Rosebys brand name sold to parent company
The Rosebys brand name has been sold to Rosebys UK, a subsidiary of Indian-based parent company GHCL, after the retailer went into administration last week.
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MFI rescued by management buy-out
MFI has been saved from administration in an 11th-hour rescue deal that will allow the management to buy the beleaguered furniture chain.
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Rosebys enters administration
Value home furnishings retailer Rosebys has fallen into administration and is the latest high street victim of the credit crunch.
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MFI in emergency talks with landlords
MFI is reported to be in emergency talks with landlords over the future of its rental terms.
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ScS to embark on ad offensive in autumn push
Furniture retailer ScS is to launch its first TV and press ad campaign since being bought out of administration by Sun European Partners in July.
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Cabot Circus opening puts Bristol on the map
Cabot Circus – the 1.5 million sq ft mixed-use retail and residential scheme in the heart of Bristol – opened yesterday.
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Topps tiles: The city view
Topps Tiles revealed like-for-likes have plummeted 13.1 per cent in the past eight weeks, but the specialist retailer has managed to renegotiate its loan covenants.
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B&Q initiative a hit as Kingfisher profits leap
Kingfisher-owned DIY giant B&Q is reaping the benefits of a scheme to improve store standards, having cut gaps on shelves by 25 per cent.
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John Lewis furniture supplier Willis and Gambier in adminstration
Willis and Gambier, one of John Lewis's furniture suppliers, has gone into administration.
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Sales fall for majority of retailers
Sales have fallen for the majority of retailers on the high street, with no respite in sight for October.
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Laura Ashley profits climb as like-for-likes slip
Homewares and fashion retailer Laura Ashley has revealed its profit before tax and exceptionals has increased 13 per cent to 4.5 million, but like-for-likes have slipped.
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Topps Tiles hit as home improvement demand falls
Topps Tiles has announced a further deterioration of sales as demand for home improvement items falls.
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Macy’s to make overseas debut in Dubai
US department store chain Macy’s is to make its overseas debut with the launch of its Bloomingdale’s chain in Dubai.
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Carpetright cautious on full-year trading
Carpetright has warned that it remains cautious about expectations for the full financial year.
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Carpetright cautious on full-year trading
Carpetright has warned that it remains cautious about expectations for the full financial year.
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MFI 'seeks emergency funding'
MFI parent company Merchant Equity Partners (MEP) has appointed Argyll Partners to find new investors that can pump money into the company as a matter of urgency.