More on Me + Em – Page 2816
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NewsDeals struck on 210 Birthdays stores but 800 jobs to go
Birthdays’ administrator Zolfo Cooper has accepted two offers for a total of 210 stores. The deals safeguard 1350 jobs but 800 will go as the remaining 132 shops will shut.
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NewsRetail sales slip in May
Retail sales volume fell 0.6 per cent month on month in May and was down 1.6 per cent year on year, ONS data showed. Sales by value were down 1.1 per cent compared with May 2008.
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NewsLuxury retail chiefs signal rebound in shopper confidence
Luxury retail chiefs said they are seeing signs that customer confidence is returning to the sector.
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NewsTesco bond sale raises £430m
Grocery group Tesco has raised £430m through the sale of commercial mortgage-backed securities (CMBS).
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NewsArcandor investor cuts stake in stricken German retail group
Arcandor shareholder German bank Sal Oppenheim has cut its stake in the German retail and tourism group and said it would decide whether to remain its second-largest shareholder only when the insolvent retailer revealed a restructuring plan.
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NewsEBay concerned over supplier 'bullying'
EBay has expressed concern that its online traders have been prevented by manufacturers from selling goods at a discount to high street shops.
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NewsMulberry profits down but sales up
Upscale fashion retailer Mulberry has revealed a drop off in full-year pre-tax profits but said that like-for-likes have soared 21 per cent in the past 10 weeks.
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LK Bennett to launch new concept store at Bluewater
Footwear and fashion brand LK Bennett is to launch a new format store at Bluewater as a precursor to a wider roll-out across the country.
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CBI: rejection of business rates amendment ‘will damage local economies’
MPs have attracted criticism for rejecting amendments to a bill designed to protect businesses’ right to veto business rates levies.
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NewsAbercrombie & Fitch to close Ruehl arm
Abercrombie & Fitch has announced it is closing its Ruehl business saying that the economic climate has hampered potential success of the upmarket brand.
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Mike Hussey to leave Land Securities
Mike Hussey, head of Land Securities’ London portfolio, is to leave the property giant at the end of the month.
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Outlet brand Oswaldtwistle Mills opens second UK site.
Concession operator Oswaldtwistle Mills has expanded its presence in the UK.
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OpinionDigital Britain: Government report trails e-commerce
The Digital Britain white paper published yesterday didn’t come up with much new, but it did highlight how far behind the e-commerce industry the Government is in its thinking.
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NewsRetail Week Technology Awards 2009 winners announced
The winners of Retail Week’s Technology Awards for 2009 were announced last night at the ceremony in London.
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NewsAlexon like-for-like sales fall
Alexon has seen a sharp fall in sales with like-for-like sales for the 17 weeks to June 13 down 10.5 per cent.
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NewsOcado could float in 2010
Online grocery retailer Ocado could bag an estimated £600m next year if a float that is being considered were to go ahead, according to The Times.
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NewsH&M unveils latest collaboration with Jimmy Choo
H&M has unveiled its latest designer collaboration, this time with luxury shoe brand Jimmy Choo.
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NewsSainsbury’s raises £445m to fund growth
Sainsbury’s is to raise £445m to fund an accelerated growth drive and deliver an extra 2.5 million sq ft of trading space by March 2011.
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NewsMarks & Spencer launches ad campaign to bolster ethical image
Marks & Spencer has launched a marketing campaign tunder the banner “Doing the right thing” and designed to emphasise its corporate social responsibility credentials.
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NewsBest Buy first-quarter profits fall
First-quarter profits at US electricals retailer Best Buy have been impacted by restructuring costs, including those incurred by its joint venture with Carphone Warehouse.