All Home & DIY articles – Page 55
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AnalysisMove of the week: Cath Kidston’s new boss
Melinda Paraie will be a new name to many UK retail observers, but on paper at least the American appears a good fit to lead Cath Kidston through the next stage of its development after Kenny Wilson upped sticks to join Dr Martens.
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CartoonRetail cartoon: The Bunnings boomerang
Retail Week cartoonist Patrick Blower’s take on Australian firm Wesfarmers disposing of Homebase after its disastrous attempt to launch Bunnings in the UK
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OpinionOpinion: Tesco should reverse its decision to quit BRC
As the retail industry is convulsed by radical change, it’s vital that it makes its voice heard in the corridors of power while it readjusts.
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AnalysisAnalysis: Can Hilco rebuild stricken Homebase?
News that Wesfarmers has disposed of Homebase to Hilco for a nominal £1, just two years after it bounded into the UK market, came as no surprise.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
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NewsCath Kidston names new boss to succeed outgoing Wilson
Cath Kidston has poached Melinda Paraie, an executive at American jewellery business John Hardy, to become its new boss.
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NewsHomebase sold to Hilco as Wesfarmers culls Bunnings UK
Wesfarmers, which bought Homebase two years ago, has disposed of the ailing DIY firm for just £1 following its disastrous attempt to launch Bunnings in the UK.
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NewsB&Q sales slump as big freeze forces store closures
Kingfisher blamed “unusually adverse weather” for a dramatic drop in B&Q sales during its first quarter.
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NewsHomebase on brink of sale to Hilco or Alteri
Homebase, owned by Australian giant Wesfarmers, is believed to be on the brink of a sale as restructuring firms Hilco, Alteri and Endless table final bids.
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NewsWyevale owner Terra Firma hoists For Sale sign
Private equity firm Terra Firma Capital has put Wyevale Garden Centres up for sale, Retail Week can reveal.
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NewsDFS COO Tim Stacey named boss as Ian Filby exits
DFS’s COO Tim Stacey will replace boss Ian Filby as he departs the business this autumn after eight years at the group.
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NewsTopps Tiles profits crash as inflation hits
Topps Tiles’ profits have dropped dramatically due to inflationary pressures despite sales rising over the period.
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AnalysisMaking small formats work for big-box retailers
As big-box retailers like B&Q, Screwfix, Dixons Carphone and Decathlon open smaller, high street formats, John Ryan looks at the rules that should be followed.
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NewsBathstore chief executive Gary Favell steps down
Bathstore boss Gary Favell has exited the bathroom specialist after nearly six years at the helm, Retail Week can reveal.
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NewsIkea pulls out of Preston store as profits nosedive
Ikea has parked plans for a superstore in Preston and reported plunging full-year profits.
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NewsAgenda: M&S, Kingfisher and Halfords update the market
Retail Week looks ahead to the next seven days, with updates from M&S, Kingfisher, Halfords and Pets at Home on the agenda
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NewsCarpetright launches share issue to fund CVA
Carpetright has issued shares in a bid to raise £60m to support its company voluntary arrangement (CVA) and restructure.
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NewsIkea names Quiñones as new UK boss to replace Drakeford
Ikea has named a new UK and Ireland boss as Gillian Drakeford prepares to move into its worldwide franchise business.
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InterviewInterview: Can embattled BrightHouse turn over a new leaf?
BrightHouse hasn’t been far from the headlines since it came under the scrutiny of the Financial Conduct Authority (FCA).
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Future LeadersBe Inspired: What makes Sir Ian Cheshire ‘batshit’ crazy?
Sir Ian Cheshire said that his time as a retail chief executive at B&Q was peppered with one very particular frustration.