More on Me + Em – Page 2683
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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NewsMajestic Wine toasts 11.7% Christmas boost
Halving its minimum order size helped Majestic Wine to a strong Christmas, with UK like-for-like sales up 11.7% for the nine weeks to January 4.
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NewsHMV moves step closer to clinching Mama deal
HMV’s £46m bid for live music specialist Mama moved a step closer to conclusion this week when SMS Finance, the investment vehicle run by telecoms billionaire Silvio Scaglia, pulled out of the race.
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NewsFood price war intensifies as grocers ramp up cuts for 2010
Grocers have kicked off the new year with an intense price war, signalling a year of even tougher competition in the food sector.
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NewsTourists and the cold help department stores
Department stores have reported a bumper Christmas, during which they benefited from the cold weather and an influx of tourists drawn by the weak pound.
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NewsUniqlo seeks to expand after festive sales jump
Japanese-owned fashion retailer Uniqlo is on the expansion trail after it is understood to have delivered UK like-for-like sales up 38% in December.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsShop Direct celebrates festive trading success
Shop Direct Group has said electricals and partywear helped it deliver strong Christmas sales, up 6.3% in the six weeks to January 1.
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NewsStore Twenty One pushes homewares
Value retailer QS is to drive homewares as it continues to expand its Store Twenty One fascia.
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NewsOriginal Factory Shop Christmas profits soar
Value department store operator The Original Factory Shop had record sales for the four weeks to December 27, helped by its position as a “non-food convenience store” according to chief executive Angela Spindler.
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NewsWorries for furniture sales after VAT rise
Furniture and homewares retailers say shoppers were out in force before the January 1 VAT rise but have warned that the outlook for the rest of the year is cautious.
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News
Swarovski eyes more openings in year ahead
Swarovski is to continue its expansion after reporting like-for-likes up 9% for the 2009 calendar year.
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NewsChristmas brings record month for My-Wardrobe
Fashion etailer My-Wardrobe.com enjoyed a record month in December, passing the £1m sales barrier in a month for the first time.
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.
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NewsMatalan’s ‘fruity’ £1.5bn asking price puts off potential buyers
Hopes of selling Matalan are likely to be dashed unless the reported asking price is cut.
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Analysis
Festive sales held up but expect a bleak first quarter
The first sets of Christmas trading results have started to trickle in this week and by all accounts Christmas 2009 is unlikely to have been the disaster that everybody was expecting.
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Analysis
10 big questions for 2010 in retail
After getting through a turbulent year, retailers will be hoping for 2010 to be more steadying. Retail Week tackles 10 key questions that will be on everyone’s minds at the start of the year
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Analysis
The end of the cheque
Last month’s news that the system that processes cheques is to be abolished has put the date on when the 350-year-old payment method is due to end
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AnalysisChristos Angelides: Next’s product guru
Next’s product guru has been instrumental in breathing new life into the retail giant’s ranges and driving its second-half success.
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AnalysisHow the online revolution transformed retail in a decade
10 years ago Retail Week’s headlines reflected online and value retail being in their infancy. At the start of the next decade, Sara McCorquodale examines what the sector can learn from the last one