All Home & DIY articles – Page 279
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News
OFT clears Home Retail acquisition of Focus stores
The Office of Fair Trading (OFT) has approved the sale of 27 Focus stores to Home Retail Group.
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News
Sir Tom Hunter eyes Flying Brands
Multichannel retailer Flying Brands has confirmed an offer approach from Scottish billionaire Sir Tom Hunter’s investment vehicle West Coast Capital.
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News
MFI chief vows to fight slump and invest more
MFI chief executive Gary Favell has vowed to fight the savage downturn in the furniture market, insisting there is no immediate threat to the company’s future.
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News
ScS saviours unveil plans to revitalise chain
The new owner of ScS Upholstery, which fell into administration last month, has laid out its plans to revive the struggling furn-iture retailer.
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News
Ex-Beds Direct bosses outline Heli-Bed plans
The former management of Beds Direct, which hit the buffers last week, are to focus on generating sales from a smaller number of stores at its newly formed retail business Heli-Beds.
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News
Castorama Italy sale is welcomed by City
The sale of Kingfisher’s Castorama Italy business has been greeted with approval by the City.
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News
Land of Leather faces lawsuit
Furniture retailer Land of Leather is reported to be facing a 250,000 lawsuit from an investment group Agilo, which wanted to inject 5 million into the struggling retailer two months ago.
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News
Eleven charged in US retail identity theft case
Retailers that fell victim to one of the biggest identity theft crimes on record have learnt that US authorities have charged 11 people from five countries with stealing and selling tens of millions of credit card numbers and data.
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News
Consumer confidence plummets again
Consumers are becoming increasingly nervous, with consumer spending growth expected to slow to just 0.5 per cent next year, according to a PricewaterhouseCoopers report.
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News
Carpetright like-for-likes plummet
Carpetright’s like-for-like sales in the UK and Republic of Ireland slumped 15.4 per cent in the 13 weeks to August 2, 2008.
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News
Ikea enters mobile phone market
Swedish furniture retailer Ikea has joined retailers such as Asda and Tesco by offering a mobile phone service.
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Opinion
The Retail Week – August 1, 2008
Ian Cheshire has wasted no time in getting to grips with the mammoth task ahead of him at Kingfisher.
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News
Flying Brands profits plummet
Pre-tax profits at multichannel retailer Flying Brands have more than halved in the 26 weeks to June 27, falling to 1.2 million.
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News
Kingfisher agrees sale of Castorama Italy
DIY giant Kingfisher has agreed to sell its Castorama Italy business for €560 million ( 440 million) to French home improvement retailer Groupe Adeo.
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News
Rumours of MFI restructure played down
The appointment of directors of restructuring specialist Hilco to the board of MFI-owner MEP Mayflower does not signal a need for emergency surgery, sources close to the retailer insist.
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News
Kingfisher reverses UK decline as B&Q revives
Kingfisher, Europe’s biggest DIY group, posted a 1.5 per cent fall in second quarter like-for-like sales, but the City was impressed by its UK performance.
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News
Consumer confidence nosedives
Consumer confidence has plummeted to an all-time low as concerns over the economy and finances take hold.
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News
Retailers rethink business travel
More than half of retailers say they have changed the way they consider business travel out of concern for the environment, a survey has revealed.
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Opinion
Store manager’s diary: Quality and value will ride out the downturn
You don’t need me to remind you that it’s not an easy time out there at the moment – particularly in furniture. The sector is going through a period of consolidation, but Ikea will be there at the end and our offer of good design combined with low prices is ...