All articles by Jennifer Creevy – Page 48
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OpinionSainsbury’s stays a step ahead
Sainsbury’s boss Justin King should be feeling pretty pleased with himself. Having successfully silenced all the naysayers who said Sainsbury’s would be the first to suffer in the height of the recession, he is continuing to steer his ship onto a winning course as the economy improves.
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NewsSavers narrows losses
Value health and beauty chain Savers, part of the AS Watson Group, has narrowed its losses as it implements the second year of its turnaround.
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NewsAlliance Boots hires Home Retail director
Alliance Boots has hired a former director of Home Retail to work on commercial development.
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NewsAsda receives rebate from parent Walmart
Asda received a £115m rebate from its US parent which boosted profits but lifted its tax bill, according to figures filed at Companies House.
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NewsMulberry’s figures ‘exceeded expectations’
Luxury retailer Mulberry has said sales were stronger than expected in the 10 weeks to October 2, with like-for-like sales in its full price stores up 79%.
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NewsHalfords profits to rise 12% but like-for-likes fall
Halfords is expecting to report group pre-tax profit up 12% in its first half, but like-for-likes were down 4.1%.
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NewsM&S UK like-for-likes climb 5.3%
Marks & Spencer has said customers are “returning to quality” as it reported like-for-like UK sales up 5.3% in its second quarter.
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NewsSainsbury's reports like-for-likes up 2.9% in Q2
Sainsbury’s has reported like-for-like sales for its second quarter up 2.9% excluding petrol, with new stores, online and non-food all driving growth.
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NewsTesco profits climb 12.5%
Tesco has reported a 12.5% increase in group pre-tax profit in its interim results, with international sales helping to offset the subdued growth in the UK.
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NewsAlliance Boots to cut 900 non-store based roles
Alliance Boots is to axe around 900 non-store based roles in the UK in a bid to reduce operating costs by around £56m a year by 2013/14.
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NewsHarrods profits surge 40%
Harrods reported a 40% surge in profits in the final year under its colourful owner Mohamed Al Fayed.
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NewsThe Carlyle Group buys NBTY
Global asset management firm The Carlyle Group has completed its $4bn acquisition of NBTY, which operates the Holland & Barrett chain.
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NewsVision Express fights to capture optical spend with promotions
Vision Express has launched a series of promotional initiatives after reporting strong figures for the 2009 financial year.
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NewsGrocers and discounters prepare for bidding war over Netto shops
Grocers Tesco and Morrisons are thought to be among the interested parties for the 47 Netto shops that Asda has to dispose of as part of its £778m acquisition.
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NewsBoots signs up 50 retailers for new online loyalty venture
Boots has agreed deals with about 50 companies that will allow its customers to pick up Advantage Card loyalty points when they shop online with other retailers.
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NewsTesco guns for £55m Halloween sales
Tesco is gunning for its biggest ever Halloween with expected sales to top £55m.
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NewsSainsbury's opens largest store in Crayford
Sainsbury’s has today opened its first extended 100,000 sq ft store with a series of new areas.
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NewsTesco to open babywear shop-in-shop
Tesco is gunning to grab a larger slice of the babywear market with the launch of a Baby World shop-in-shop.
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NewsTopshop signs for Chicago store
Topshop has signed a lease on a store in Chicago to open its second US standalone.
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NewsGame profits and sales slump
Game has reported a pre-tax loss of £18.8m in its first half, against a profit of £14.5m in the same period last year, while revenue also slumped.