All Home & DIY articles – Page 277
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News
Galiform and Merchant Equity settle MFI row for £8 million
Building supplies group Galiform has agreed to pay Merchant Equity Partners 8 million in settlement of a dispute arising from the sale of MFI’s retail business to the private equity firm.
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News
Asda to open five Asda Living stores this year
Asda will open a further five Asda Living stores across the UK this year, bringing its total to 21.
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News
Housing policy brings industry little comfort
The Government’s 1 billion raft of initiatives to kick-start the housing market is unlikely to improve retail trading, store chiefs and analysts have said.
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News
Campaign for carpet to pile on other flooring
The carpet industry’s Fun On The Floor campaign, designed to promote the value and appeal of carpet, could be extended to other types of flooring, such as vinyl, according to Carpetright.
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Opinion
Act tough now and win later
As famed former Marks & Spencer boss Sir Richard Greenbury points out on page 23, retailers have had a good run. Such a good one, in fact, that many of today’s senior retailers won’t have worked through a recession. Not many of us here at Retail Week have either.
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News
Christmas in the balance
Sector braced for toughest season since the 1980s, with December like-for-like drop expected.
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Opinion
An opportunity for shoppers
Retailers need to counter the despondency that the media is instilling in their customers.
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News
Interest rate held at 5%
The Bank of England has held the interest rate at 5 per cent for the fifth month running despite increasing fears of an imminent recession.
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News
Price rises to hit non-food
Price hikes of more than 6 per cent on non-food items such as T-shirts, shoes and sofas are possible next year, because of the sterling’s collapse against the euro and the dollar.
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News
Hob snaps up store at Leeds’ Clarence Dock
Culinary retailer Hob has taken its third UK store and its second outside London as part of a raft of signings to Clarence Dock in Leeds.
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News
Out-of-town retail parks to ‘lead retail renaissance’
Out-of-town retail is set to bounce back from the economic gloom and will be more successful than town centres in instigating a retail resurgence, a Verdict survey has claimed.
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News
Hunter takes charge at Wyevale as Hodkinson quits
Jim Hodkinson has stepped down as executive chairman of garden centre group Wyevale, Retail Week can reveal.
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News
Smallbone trebles profits
Furniture retailer Smallbone became the latest luxury retailer to buck the downturn, more than trebling its pre-tax profit for the six months to June 30. However, the retailer remains cautious about the future trading environment.
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News
Fads owner makes a loss
Strategic Retail, which owns home furnishings retailer Fads, has revealed a loss of 145,000 for the year to March 1 compared with profit of 194,000 the year before.
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News
Homewares trio push on with survival tactics
Big-ticket homewares retailers are redesigning store layouts and extending low-cost accessories lines in an effort to boost sales during the credit crunch.
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News
35 retailers back Green’s letter to landlords
Sir Philip Green has written to some of the UK’s biggest landlords on behalf of 35 retail groups in an attempt to bring key aspects of how retail property is leased into the modern era.
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News
Russia still on West’s retail map despite political chill
International retailers are likely to push on with expansion in Russia despite a return to icy relations between the Kremlin and the West.
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Analysis
Sitting pretty
Furniture chain Dwell achieved record sales last month at a time when most retailers in the sector are struggling. Founder Aamir Ahmed tells Nicola Harrison how he does it.
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News
Worst retail figures in 25 years, CBI reports
Wet weather and difficult trading conditions have resulted in the worst retail performance for 25 years.