All Home & DIY articles – Page 279
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News
Ikea turns to emerging markets for growth
Ikea is shifting its focus for expansion towards developing markets such as China, Russia and Eastern Europe in the wake of the consumer spending downturn.
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Focus raises curtain on new store format
Focus has opened its first new-look store since it was bought by Cerberus for 1 last June.
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Robert Dyas changes tactics on promotions
Private equity-backed hardware and home store Robert Dyas is to switch its promotional strategy to attract more regular shoppers rather than one-off visitors.
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Trading trauma forces Ilva into administration
Ilva has become the latest big-ticket retailer to hit the buffers as the downturn bites.
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Land of Leather poised for £15m rescue deal
Sofas retailer Land of Leather is to launch incentives for key staff through a programme of options and awards once its 15 million share placing has been completed.
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Robert Dyas changes tactics on promotions
Private equity-backed hardware and home store Robert Dyas is to switch its promotional strategy to attract more regular shoppers rather than one-off visitors.
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Ilva Furniture collapses
Ilva Furniture has gone into administration becoming the latest big-ticket retailer to be hit by the downturn, Retail Week can reveal.
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Wyevale appoints marketing and ecommerce boss
Wyevale, the garden centre group controlled by tycoon Sir Tom Hunter, has poached a Homebase executive for a senior role.
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B&Q and Morrisons are first retailers to be awarded Carbon Trust Standard
B&Q and Morrison’s are the two retailers among the first 12 companies to be awarded the new Carbon Trust Standard for tackling climate change.
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Shoppers to spend less in summer Sales
UK shoppers will spend an average of 305.90 each in the summer Sales this year, but just 8 per cent will spend more than they did last summer, according to research by Sainsbury’s Finance.
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ScS suspends shares
ScS Upholstery has suspended its shares as it enters talks with an external party for a possible buy-out.
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Sofa drama nears climax
It is hard to believe that less than three months ago, as he posted interim results, ScS chairman Mike Browne was “confident of a profitable second half”.
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Home Retail Q1 stable but tough times ahead
Home Retail Group recorded flat first-quarter like-for-like sales at its flagship Argos chain – ahead of expectations – but warned that the outlook remains challenging.
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AnalysisFrom the ground up: Wyevale reforms recruitment
Wyevale’s staff just weren’t retail-focused when Jim Hodkinson arrived after the 2006 buy-out. He tells Katie Kilgallen how recruitment has been overhauled to get the business in shape
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Analysis
Red light for retail?
While harsh trading persists, retailers such as ScS and Land of Leather are reeling as supplier credit insurance is withdrawn. George MacDonald examines the power of the insurers
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Land of Leather close to £18m refinancing deal
Land of Leather was on the verge of an 18 million financial re-upholstering as Retail Week went to press, but even mid-week, the deal still hung in the balance.
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Land of Leather plans rescue deal as sales collapse
Land of Leather has announced plans to secure a rescue financing deal of 14.8 million, gross of expenses, by way of placing almost 30 million shares, underwritten by its brokers.
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May online sales hit £4.5 billion
Online spending in May rose to more than 4.5 billion, an increase of 1.6 per cent on April, according to the IMRG Capgemini e-Retail Sales Index.
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Habitat UK chief steps down as it restructures
Habitat UK country manager Ruth Dangerfield has left the business as the retailer implements a new organisational structure.
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Land of Leather and ScS review finances
Furniture retailers Land of Leather and ScS Upholstery have this morning confirmed that they are both examining the structure of their businesses.