All articles by Jennifer Creevy – Page 84
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NewsJohn Lewis says trade remains challenging
John Lewis has reported a slump in weekly sales of 11.6 per cent as the department store chain said the “trading climate remains challenging”.
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NewsLiberty losses widen but sales climb
Iconic London department store Liberty has reported that pre-tax losses widened slightly for the year to December 31, but sales rose 9 per cent to £50.2m.For the full year, Liberty said pre-tax losses increased from £6.4m in 2007 to £7m. The group highlighted that large one-off costs such as the ...
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NewsBay Trading in administration
Alexon has placed its Bay Trading fascia into administration following losses reported earlier this week and the withdrawal of credit insurance.
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NewsAsda launches Hannah Montana dress
Asda clothing brand George has today launched a replica of a dress worn by US film star Hannah Montana for £10.The dress has been launched to coincide with the launch of the film Hannah Montana: The Movie, starring Miley Cirus, who plays Hannah Montana.Cirus wears the original dress in the ...
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NewsSir Terry Leahy heralds signs of economic stability
Tesco boss Sir Terry Leahy says confidence is bouncing back as the grocer records profits of £3bn.
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NewsWal-Mart plan to cut costs in China raises concerns
Wal-Mart sent a disappointing signal to the Chinese retail market last week when it revealed it was launching a job optimisation programme to reduce staff costs in the country.
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OpinionCarpetright on solid ground
The latest BRC retail sales figures showed that while some sectors were up after several months of poor trade, the furniture and floor coverings sector worsened. But next week we may well see one retailer faring better than most in its sector – Carpetright.
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NewsThorntons reveals strong post-Christmas growth
Thorntons has revealed like-for-like growth of 3.3 per cent in the 14 week period to April 18 as it benefited from a longer selling season ahead of Easter than last year.
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NewsTesco to ramp up telecoms shops
Tesco is to double the number of in-store telecoms shops in its supermarkets by the end of the year.
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OpinionWhy Tesco's short-term mistakes could end up being long-term triumphs
Tesco has come in for plenty of stick lately, but the grocer came out of the last recession strongly, so who’s to say it doesn’t know what it is doing this time around?
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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NewsJohn Lewis reports strongest week of year
Department store group John Lewis has reported its strongest week of the year to date, with sales down just 1.5 per cent.For the week ending April 11, John Lewis said it had been fortunate “to enjoy a more clement spring for the season as a whole” and trade has done ...
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AnalysisOcado ups ante as online food battle hots up
With soaring sales and a price campaign taking on Waitrose and Tesco, Ocado’s confidence is growing. Jennifer Creevy meets co-founder Jason Gissing
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NewsZandra Rhodes designs range for M&S
Celebrity designer Zandra Rhodes has struck a deal with Marks & Spencer to design a range for the retailer.
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OpinionOcado has carved itself a niche
Ocado has had a tough first few years setting up and competing with the likes of Tesco and Sainsbury’s but the e-tailer is starting to see the light.
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NewsCo-op launches digital TV channel
The Co-operative Group has today launched a digital TV channel to showcase its ethical projects.The Co-operative.tv is an online site containing videos and TV programmes. It is part of Ethical.tv, which is created by ethical publishing company Hands Up Media.Co-op director of marketing Patrick Allen said: “The amount of interest ...
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NewsOcado targets £3bn business as sales soar
Grocery e-tailer posts market-defying sales as it tackles pricing and range
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NewsAsda rolls back prices for Easter
Asda is to roll back prices this week as it gears up for a supermarket price war over the key Easter trading period.The grocer has slashed prices as part of its commitment to cut 12,500 prices by Easter. Product include fresh fish, meat, frozen desserts, soft drinks, alcohol, DVDs, George ...
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NewsAldi sales jump 16.8 per cent
Discount grocer Aldi has recorded a 16.8 per cent sales uplift in the first two months of the year.
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Opinion
Waitrose heads for the road
Waitrose’s latest expansion route will take it to motorway service stations. Will it knock Marks & Spencer off its post?When celebrity chef Heston Blumenthal gave his magic touch to the egg and chips style motorway cafe Little Chef, cars clogged up the A303 near Winchester as hungry fans queued up ...