More on Me + Em – Page 2639
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NewsEthel Austin closes a further 81 stores after failing to secure buyer
MCR, the administrators of Ethel Austin, will close a further 81 stores after failing to secure a buyer for the value chain.
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NewsBritish Bookshops on course for profitability after sale
Private equity firm Endless has sold British Bookshops & Stationers to its management for an undisclosed sum, it has emerged.
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NewsEnvy sold to private equity consortium
Young fashion chain Envy Retail has been sold to a consortium of private equity investors including the boss of SKG Capital, Chris Althorp-Gormlay.
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NewsBarclaycard Freedom reward scheme launches
Barclaycard’s reward scheme, Barclaycard Freedom, has launched this morning with cardholders able to earn reward money when using their credit card to buy goods and services in participating outlets.
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NewsPhase Eight receives bid approaches
Womenswear chain Phase Eight is understood to have received a number of bid approaches.
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NewsBlockbuster may put up stores as collateral to ensure DVD supplies
Troubled DVD rental group Blockbuster may have to put up Canadian stores as collateral after failing to secure bank credit for stock.
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NewsInditex full year profits grow 5%
Inditex net profits grew 5% in its full year to January 31 with total sales across the Spanish fashion group up 7% to €11bn (£9.95bn).
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Opinion
Off your Marks
Back from the slopes now, fortunately in one piece, and it seems like there’s been a lot going on. Terry Green’s departure from Tesco was always inevitable, but he held on there for longer than I and many others expected. He’s rubbed plenty of people up the wrong way down the years, but I rather like him - retail needs its larger than life characters and he’s certainly one of them.
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Analysis
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OpinionUnlikely bedfellows
The property debate at the Retail Week Conference revealed that landlords and retailers actually have a greater level of common interest than might first be thought.
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News
Former La Senza boss to launch Hed Kandi stores
Former La Senza chief Rose Foster is working with nightclub group the Ministry of Sound to open clothing stores under its Hed Kandi brand.
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NewsDebenhams gains market share as sales rise
Debenhams said that like-for-like sales at the department store were on an improving trend and that it has gained market share from rivals.
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NewsPark Group to launch pre-paid cards
Christmas hamper company Park Group is launching a range of pre-paid cards to for its customers that will redeemable at major high street chains.
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NewsMarks & Spencer to pay bonus early to avoid 50% tax rate
Marks & Spencer has become the latest retailer to bring forward bonus payments in order to beat the 50% tax rate being introduced next month.
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NewsAsos launches new management incentive plan
Fashion etailer Asos has unveiled details of its new management incentive plan.
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NewsSports Direct acquisition of 31 JJB shops cleared by Competition Commission
The Competition Commission has formally cleared Sport Direct’s acquisition of 31 shops from rival JJB Sports.
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NewsMoss Bros chairman resigns
Moss Bros non-executive chairman David Adams has resigned from the menswear business.
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OpinionOld pilots never die...
Why is is that experimental formats are allowed to stagger on and not put out of their misery?
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NewsHouse of Fraser outlines growth plans to suppliers
House of Fraser chairman Don McCarthy has written to suppliers to update them on the department store’s growth plans and revealed that like-for-like sales rose 10% in the first five weeks of its financial year to March 7.
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NewsLloyds eyes stake sale in TM Lewin
Shirt specialist TM Lewin is exploring its options after Lloyds Banking Group put its 20% stake in the business on the market.