More on Me + Em – Page 2809
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NewsBorders UK courts suitors for sale of the business
An information memorandum is understood to have been sent out for book retailer Borders UK, which could result in a potential sale of the troubled retailer.
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News99p Stores guns for growth as profits soar
Value retailer 99p Stores is gunning to break the £200m turnover barrier and operate 120 stores by the end its financial year.
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NewsBoots UK severs ties with ethical body
Boots UK has ended its membership of ethical trading standards body the Ethical Trading Initiative (ETI), prompting criticism from the organisation.
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NewsSainsbury’s ups site interactivity
Sainsbury’s has this week launched a new section on its website as it seeks to ramp up customer interaction with the brand.
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NewsTheo Fennell founder returns to halt slide
Theo Fennell has vowed to restore the eponymous retailer he co-founded to its roots as a design-led jeweller after returning to the board and increasing his stake.
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NewsLipsy website to relaunch by autumn
Young-fashion brand Lipsy is to relaunch its website using parent Next’s e-commerce platform less than a year after its existing site going live.
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NewsHalfords calls on mobile phone market to offset sat-nav slump
Halfords is to start selling mobile phones online and in 100 of its largest stores as it seeks to expand its in-car technology offer.
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NewsLuxury positioning protects sales and profits at Mulberry
Mulberry’s profits beat market expectations as its luxury positioning provided some cushioning against the economic downturn.
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NewsTepid fundraising does job for Debenhams
City analysts have labelled the subdued take-up of Debenhams’ shares as part of its £323m fundraising a “disappointment” but said the department store group is nevertheless stronger as a result.
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NewsBlacks upgraded on back of funding hopes
Broker Singer Capital Markets has upgraded Blacks Leisure on the assumption that the troubled retailer will successfully win additional funding.
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NewsShareholder discontent hinders Marks & Spencer
The next few weeks are likely to bring share price turbulence for Marks & Spencer. Shares were trading at 293.75p earlier this week – well above the 52-week low of 191.9p but down from a 363p high.
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NewsShock Kesa results top poor week for retail sector
Stores underperformed the market despite some impressive recent updates, and Anglo-French electricals group Kesa provided a reminder of how tough conditions remained with shocking results on Wednesday.
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NewsScribbler to grow as it eyes cheap deals
Card retailer Scribbler is forging ahead with expansion plans that will extend its reach across the UK, despite the gloom in the greetings card sector.
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NewsSoaring White Stuff profits buck fashion trend
Lifestyle retailer White Stuff has defied the gloom in the tough fashion market to report record full-year profits.
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NewsAsda drives non-food shopper ratings online
Asda intends to ramp up its use of customer ratings and reviews for its non-food ranges sold online.
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NewsNine West deal opens doors for Kurt Geiger
High-end shoe retailer Kurt Geiger is expected to work with department store operator Debenhams for the first time after signing a deal with US shoe group Nine West.
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Schwarz Group fastest riser according to Planet Retail
Discount grocers are continuing their march on the competition, with Lidl owner Schwarz Group being the fastest riser in Planet Retail’s Top 20 Grocery Retailers 2008.Schwarz jumped from ninth to fifth place last year as the global downturn continues to accelerate growth for discount chains.The research also revealed that the ...
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Former Arcandor chief executive denies part in the group's downfall
Former Arcandor chief executive Thomas Middelhoff has denied he played a part in the downfall of the retail and tourism group.Arcandor was forced into insolvency earlier this month after the state refused to grant it aid on the grounds that its problems pre-dated the recession.“I am convinced that we have ...
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Shares at Gome rally
Shares at electricals retailer Gome have rallied after a seven-month suspension in trading when it revealed that US private equity firm Bain Capital will invest up to US$418m (£254.5m) in it.The deal gives Bain up to 23 per cent of shares, making it the second-largest shareholder, and will lend beleaguered ...
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Japanese grocer to launch own-label range at its discount chain
Seven & I-owned grocer Ito-Yokado is to launch an own-label range at its discount chain, The Price.The discounts in the range have been achieved through the use of irregularly shaped produce and simplified packaging. Prices will be around 30 to 50 per cent lower than branded products. The range includes ...