All articles by Lisa Berwin – Page 31
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NewsJD Sports set for European debut
Speculation mounts that sports giant JD Sports will pounce on French chain as it considers overseas move
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NewsMulberry to take full control of US business
Mulberry will take full control of its US business after agreeing to end a joint venture with its US partner.Mulberry will take control of its wholesale and retail sales in the US, which it hopes will create a more efficient operation when combined with its online business, over which it ...
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NewsKesa like-for-like sales fall as further restructuring announced
Kesa has reported like-for-like sales across its electricals business were down 6.1 per cent in its full year to April 30, with total sales up 8.3 per cent.Like-for-like sales at its UK Comet chain dropped 7.7 per cent on a like-for-like basis for the year, with total revenues down 5.1 ...
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NewsNext to offer catwalk looks to customers
Next is poised to launch a new catwalk-inspired range for its customers.
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NewsEBay victory over L’Oréal in French court
EBay has won a Paris court case brought against it by cosmetics giant L’Oréal over counterfeit perfumes on eBay’s website.The court found in favour of the internet auction site saying that it was not liable for the fake products and that it had met its obligations to combat counterfeits.L’Oréal sued ...
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NewsMore retail failures expected
Business failures in the retail and wholesale sector are predicted to increase by 26 per cent this year compared to 2008, according to the latest figures from accountant and business advisor BDO Stoy Hayward.It predicts that 3,800 - or one in 100 - UK retailers will go out of business ...
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NewsAldi to create 650 jobs in Ireland
German discount grocer Aldi will create 650 jobs in the Republic of Ireland over the next three years as it continues apace with growth plans.
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NewsSales ahead over bank holiday weekend
The bank holiday boosted sales for retailers, with total sales up 1.5 per cent on a like-for-like basis in the week to May 3.Non-fashion retailers had a strong week, with sales ahead 3.3 per cent. Luxury and leisure retailers enjoyed a particularly good week of trading, according to BDO Stoy ...
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AnalysisDiversification: A lucrative sideline or fatal distraction?
Retailers eager to boost business may expand into categories beyond their comfort zone, but do they risk stretching themselves too far?
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NewsItaly’s Furla upbeat despite squeeze on luxury market
The outlook for luxury retailers remains uncertain, but some international brands are confident of continued success. Among them is Italian group Furla, which delivered a strong performance last year.
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NewsFlying Brands loses finance director
Flying Brands group finance director Graham Norton has resigned from the home shopping specialist.Current group financial controller Anthony Gee will take over as finance director on May 31. Norton will leave at the end of this month to join a FTSE 250 company.Flying Brands chief executive Stephen Cook said: “We ...
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NewsInterest rate held at 0.5 per cent
The interest rate has been held at 0.5 per cent by the Bank of England.This is the second month in a row that the Bank of England has held the interest rate after it consecutively cut the rate to a record low over a six-month period to try and stimulate ...
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NewsH&M in tie-up with celebrities to launch t-shirt range for AIDS projects
H&M is teaming up with celebrities to design a special range of t-shirts to raise money and awareness of HIV and AIDS.Musicians including Estelle, Katy Perry and Cyndi Lauper are among a raft of well known names collaborating with H&M designers to launch the range at the end of this ...
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NewsNext reports solid first quarter
Next has benefitted from a late Easter and warm weather with a better than expected first quarter.Total retail sales were up 1.1 per cent in the 14 weeks to May 2 with like for likes down 2.3 per cent, well ahead of Next’s estimates of between -6 and -9 per ...
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NewsFood inflation slows for the first time this year
Food price inflation has slowed for the first time this year leading to lower shop price inflation of 1.4 per cent in April compared to 2 per cent in March.According to the BRC-Nielsen Shop Price Index, annual food inflation was down to 7.9 per cent in April compared to 9 ...
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NewsAsda chief marketing officer given Wal-Mart international role
Asda chief marketing officer Rick Bendel has been promoted to a new role of international chief marketing officer for parent company Wal-Mart.
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NewsSir David Michels reveals ambitions to become M&S chairman as Myleene Klass takes a pay cut
Marks & Spencer deputy chairman Sir David Michels has revealed his desire to succeed Sir Stuart Rose as chairman.
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NewsTesco lowers prices to stop Irish shoppers crossing the border
Tesco is re-opening some of its stores in the border counties of the Republic of Ireland with marked-down stock reflecting sterling prices in an effort to curb customers crossing the border to buy their groceries in Northern Ireland.
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NewsZara Kids unveils first UK store in London’s Covent Garden
Spanish fashion giant Zara has opened its first standalone Zara Kids shop in the UK as it seeks to grab a larger slice of the £4bn childrenswear market.
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NewsJJB Sports CVA hailed as ‘sea change’ in retailer-landlord relations
JJB Sports executive director Peter Williams said the approval of its company voluntary arrangement marks a “sea change” in the relationship between retailers and landlords.