All articles by Lisa Berwin – Page 39
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Austin Reed buys Viyella out of administration
Womenswear chain Viyellla has been bought out of administration from Austin Reed.
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Traditional home shopping retailers fail to engage customers
Catalogue operators are failing to fully engage with customers, as the home shopping sector continues to change gear to an increasingly online-dominated market.
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Baugur: Retailers' hopes high for high street future
The retail industry has reacted with a degree of optimism that the demise of Baugur could signal the end of months of uncertainty for its brands and ring in positive changes to the high street.
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Buyers eye Baugur chains as investor's fate unclear
Arcadia owner Sir Philip Green is in a “position to buy” assets that may come into play as a result of Baugur’s likely administration.
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Retailers abandon expansion plans as Indian market sours
International brands’ aggressive expansion into India has hit the wall as Indian retail companies encourage their foreign partners to put roll-out plans on hold.
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Gap sales decline despite stronger international performance
US fashion giant Gap continued to struggle to lift sales in America last month, despite an improving performance internationally.
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H&M takes axe to plans for Divided store roll-out
Swedish retailer H&M will not expand its standalone Divided fascia because of doubts over whether it works well as a separate concept.
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Interest rate slashed to 1 per cent
The Bank of England has slashed the interest rate to a record low of 1 per cent, a 0.5 percentage point drop.
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Shop price inflation rises in January
UK shop price inflation rose 1.1 per cent in January according to the BRC Nielsen Shop Price Index.
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JD Sports to exceed expectations after solid January sales
Strong sales in January at JD Sports Fashion have lifted expectations for its full-year results.
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NewsValue supermarkets continue to shrink Tesco's market share
Tesco is still losing market share as consumers continue to favour the value and discount supermarkets to help them through the credit crunch.
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John Lewis expansion hit by development delays
John Lewis is being forced to scale back its expansion as many plans for new shopping centres are shelved by developers.
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Mail order clothing sales hit £56.5m in December
Sales of clothing through mail order hit 56.5m in December.
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Woolworths bought by Shop Direct Group
Woolworths will be relaunched as an online store after the brand was bought by Shop Direct Group owners the Barclay brothers.
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Mike Ashley to bid for JJB fitness clubs
Sport Direct owner Mike Ashley is reported to be plotting a bid for rival JJB Sports’ fitness clubs business.
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Kingfisher agrees sale of Castorama Italy arm
Kingfisher has completed the sale of its Italian Castorama business to Leroy Merlin Italy for €615 million.
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Amazon reports strong Christmas
US online giant Amazon continued to storm ahead of the competition, boosted by strong Christmas sales with net sales in the final quarter of 2008 up 18 per cent to US$6.7bn ( 4.6bn).
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Concern grows as Karstadt loses Premium Group head
The head of Karstadt’s Premium Group, the business created by the German department store chain to help turn around its fortunes, has quit less than two years after taking up the role.
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Freemans moots US fascias for UK as restructure starts
Freemans Grattan Holdings, formerly Otto UK, is discussing bringing US fascia Crate & Barrel to the UK as it embarks on a business restructure.