All Home & DIY articles – Page 283
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News
Kingfisher finance director to step down
DIY group Kingfisher’s finance director Duncan Tatton-Brown is to step down after seven years with the retailer.
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Bhs puts freeze on refits to ride out tough times
Bhs is to temporarily halt its store refurbishment programme from the end of this month.
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Home Depot to axe underperforming stores
Home Depot is to close 15 of its underperforming US stores within the next two months, affecting 1,300 employees.
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MFI offers five years’ interest free credit deal
MFI has launched its first five-year interest-free credit promotion, as its customers are squeezed by the credit crunch.
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Carpetright eyes takeovers in tough climate
Carpet and floorings specialist Carpetright is on the hunt to snap up smaller rival retailers, as it revealed challenging trading in its UK and Ireland business.
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News
HomeSense makes UK debut with Poole store
TK Maxx parent TJX opened its first HomeSense store in the UK at Poole last week.
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The Pier boss makes exit after business review
The Pier managing director John Higgins has stepped down from the homewares retailer following a shake up by its Icelandic parent Lagerinn.
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Next takes Home Retail to court over copycat furniture claims
Fashion-to-homewares retailer Next has begun legal action against Argos over alleged design infringement of its children’s bedroom furniture range Storm.
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Analysis
Home Retail Group: the City view
Argos, Home Retail’s flagship chain, delivered record profits last year, but the outlook is cloudy.
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Murphy paid £1.6 million in last year at Kingfisher
Former Kingfisher chief executive Gerry Murphy was paid more than 1.6 million in his last year with the business.
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Land of Leather sales plunge again
Sofa specialist Land of Leather has revealed another plunge in sales and warned that trading conditions will remain tough for the rest of the year.
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Carpetright on track to hit targets
Carpetright recorded challenging trade for the second half of its financial year in the UK and Ireland, but expected the group’s underlying pre-tax profit for the full year to be in line with City forecasts.
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Dunelm sales rise
Dunelm has posted strong sales for the 43 weeks to April 26 and its chief executive is bullish about the outlook for the value homewares retailer.
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B&Q to step up multichannel offer after successful trials
DIY giant B&Q is to ramp up its multichannel offer this month to increase its share of the 19.5 billion online retail market.
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Findel profit warning feeds City fears for home shopping sector
Home shopping group Findel issued a profit warning last week, after it was forced to increase provisions for bad debt by 5 million.
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Land of Leather downplays talk of financial crisis
Struggling furniture retailer Land of Leather has denied that it is facing a financial crunch as speculation mounted about its future.
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News
Allied Carpets cuts communications costs with new service deal
Allied Carpets expects to save 1 million over the next five years after consolidating its mobile and fixed-line communications contracts.
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GalleryHomeSense – Imperial Park, Bristol
HomeSense is the latest fascia from the American retail group that owns TK Maxx.
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Gallery
B&Q Sutton
This is the 38th store re-vamp carried out by the UK’s largest home improvement retailer.
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GalleryBhs Home – Barton Square
British Home Stores joined the Barton Square homewares party in April 2008.