All Home & DIY articles – Page 285
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Opinion
Will £1bn profit bring M&S joy?
The old retail adage that you’re only as good as last week’s sales isn’t quite right. Any quoted retailer is only as good as next year’s forecasts.
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News
OKA has designs on rapid growth
Furniture and interiors retailer OKA is seeking to open up to 20 stores in the next three years, as it bucked the downturn to post a 28 per cent increase in like-for-like sales for the 13 weeks to March 29.
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News
Tough market claims Habitat’s Irish stores
Habitat’s franchise partner in the Republic of Ireland has been forced to close its two stores because of a “severe downturn in sales”.
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News
New lows for New Heights, but five shops saved
A handful of New Heights stores have been rescued by Sofa Workshop after its sister furniture retailer collapsed into administration this week.
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News
MFI to slash a third of head office and support jobs
Furniture retailer MFI is to axe about a third of its head office and central support staff, as it enters a new phase of its five-year turnaround plan.
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News
John Lewis sales plummet
Sales at John Lewis fell during the spring sunshine, while sales at Waitrose soared.
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News
Sir Tom Hunter fails to halt Dobbies rights issue
Tycoon Sir Tom Hunter has failed in his attempt to halt a rights issue by garden centre Dobbies.
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News
Dobbies refuses Sir Tom Hunter’s order
The board of Dobbies Garden Centres has confirmed that Sir Tom Hunter’s application for an interim order has been refused.
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News
Au Naturale sold to undisclosed buyer
Value homewares retailer Au Naturale has been acquired out of administration by an unnamed buyer.
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News
TK Maxx posts strong sales
TK Maxx's like-for-like sales rose 6 per cent in for the first quarter of this year in Europe.
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News
ScS issues profit warning
Sofa specialist ScS has issued the latest in a string of profit warnings after dire sales over the key bank holiday weekend.
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News
New Heights enters administration
Upmarket furniture retailer New Heights has collapsed into administration, the latest furniture retailer to fall victim to the tough economic climate.
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News
West Coast seeks legal order for Tesco over Dobbies stake
Tycoon Sir Tom Hunter’s West Coast Capital investment vehicle is seeking a legal order forcing Tesco to buy its minority stake in garden centre group Dobbies.
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News
Travis Perkins expects slowdown
Builders’ merchant Travis Perkins has reported turnover for the 17-week period to April 26 up 3.3 per cent in its retail division.
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News
New Heights shuts its shops
Upmarket furniture retailer New Heights has shut all its stores, as speculation mounts about the future of the company.
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News
Land of Leather and chief exec Briant fined by FSA
Struggling furniture retailer Land of Leather has been fined 210,000 by the Financial Services Authority (FSA) for allowing its sales force to sell Payment Protection Insurance (PPI) on loans without monitoring or training to ensure insurance was sold fairly.
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News
Home Depot to axe 15 stores as US housing slump strikes
Home Depot is to rein in its store expansion programme and close flagship stores as the US housing market takes its toll.
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News
Retailers’ stock rises as shorts buy and the weather improves
Retailers’ stock surged last week as shorts covered their positions and fine bank holiday weather was forecast.
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News
Relief as bank holiday sun brings out the shoppers
The sunny bank holiday weekend provided a much-needed ray of light for many retailers as the arrival of warmer temperatures drove shoppers back to the high street.
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Analysis
Back of the net
Jonathon Brown’s work as B&Q head of multichannel will be under the microscope, as this area is a key priority for new Kingfisher boss Ian Cheshire. Jennifer Creevy reports