All articles by Jennifer Creevy – Page 59
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News
Virgin retail cosmetics business wound up
The remnants of Virgin’s retail cosmetics business has been liquidated.
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NewsAlliance Boots to introduce new pension scheme in July
Alliance Boots is to introduce a new defined contribution pension scheme from July.
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NewsThe OFT drops part of its dairy investigation
The Office of Fair Trading has concluded that it has insufficient evidence to support an infringement in its dairy investigation in regard to liquid milk in 2002 and value butter in 2003.
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NewsFocus on food, City tells Bolland as first day at M&S approaches
New Marks & Spencer chief executive Marc Bolland has been urged to focus on getting the company’s food business back on track when he joins the company next week.
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NewsWalmart is world’s most valuable retail brand
Walmart tops a list of ten retailers found to be among the world’s 100 most valuable brands, according to research commissioned by WPP.
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NewsHMV Group Q4 like-for-likes slump 13.2%
HMV Group has reported difficult fourth quarter with like-for-likes slumping 13.2% but said its full year pre-tax profits will meet City expectations.
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NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
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NewsAsda heralds ‘the official end of the grocery price war’ with price guarantee
Asda is putting its money where its mouth is with a guarantee that it offers shoppers lowest prices on groceries or will give them their money back, a step which it said “heralds the official end of the grocery price war”.
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NewsAsda lags behind the market
Asda is still under-performing the market with year-on-year growth well behind the growth of the other major retailers, according to Kantar Worldpanel.
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NewsFarepak customers to receive less than £50 each
Customers who paid for Farepak hampers are expected to receive less than £50 each, after handling fees are paid.
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NewsFootwear supplier interested in rescuing Faith
Footwear supplier Logo 69 has emerged as an interested party in rescuing the Faith footwear business from administration.
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NewsDunelm like-for-likes up 10%
Dunelm has reported like-for-like sales up 10% in the 42 weeks to April 24, boosted by a positive response to its new shop fit.
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NewsAsda Income Tracker: UK families worse off in March than a year earlier
The UK family was £2 a week worse off in March than a year earlier, according to this month’s Asda Income Tracker.
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NewsSainsbury's pushes sourcing ethics in new Jamie Oliver ad
Sainsbury’s latest advert with celebrity chef Jamie Oliver will air this evening during the break for reality TV show Britain’s Got Talent.
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OpinionTesco’s food fight
Tesco showed once again this week why it is market leader, but with rivals hot on its heels, the sector is squaring up for an interesting food fight.
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NewsNorth Face buys stake in Blacks
The North Face owner VF Corporation has bought a 5% stake in Blacks Leisure in a move that seems to be designed to block any future bid by rival Sports Direct.
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NewsTesco ‘back in the lead’
Leahy laughs off Asda’s non-food ambitions as Tesco posts strong year’s sales and record profits
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AnalysisFive big questions for Asda’s new boss
Asda is finding trading tough but has big ambitions. As Andy Bond prepares to take a back seat, Jennifer Creevy looks at the big issues his successor will need to tackle to get the grocer back on track
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NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
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NewsJudith McKenna and David Cheesewright rule themselves out of Asda top job
Asda chief financial officer Judith McKenna and Walmart Canada boss David Cheesewright are understood to have ruled themselves out of the running to replace Andy Bond as head of the grocer.