More on Me + Em – Page 2828
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NewsNew website to sell off Principles stock
Suppliers to the now defunct Principles fashion chain have joined forces to launch a website selling unsold stock following Principles’ administration.
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NewsDavid Jones says loss-making JJB Sports is his ‘biggest challenge ever’
JJB Sports executive chairman David Jones has described his turnaround attempt as “the biggest challenge I have ever had”, as the retailer posted a full-year loss of £189m.
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NewsSainsbury’s on TV
Sainsbury’s chief executive Justin King has let four shopfloor staff loose in the grocer’s boardroom for a new Channel 4 TV programme called I’m Running Sainsbury’s, which starts next Tuesday at 9pm.
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NewsAsda’s George to offer downloads with clothing
Asda clothing brand George has struck a deal with Universal Music giving shoppers free music downloads when they buy certain clothes.
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NewsEx-Woolworths boss Tony Page targets landlords for investment
Former Woolworths director Tony Page is in fresh talks with potential investors as he seeks to raise cash to start up a new retail chain in the wake of Woolworths’ collapse.
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NewsScott Wheway to use Tesco and Boots experience after Best Buy move
US electricals retailer Best Buy will adopt the best practices of retail giants Tesco and Boots when it debuts in the UK next year.
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NewsClarks to build £20m international web arm
Footwear giant Clarks expects its online operation to become a £20m business in the next year, as it gears up to take the website international.
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NewsBorders mulls larger-store disposals
Borders is in talks with restructuring specialists about disposing of some of its stores, although chief executive Philip Downer said no closures are imminent.
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Homebase focuses on loyalty to beat recession
DIY retailer Homebase has experienced a pick up in trade thanks to the good weather as it focuses on customer loyalty in the downturn.
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NewsLloydspharmacy to roll out online doctors
Lloydspharmacy is to roll out its online doctor service to about 300 stores this year as it seeks to drive its health-related sales.
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NewsAsda and Tesco battle for stores site
Supermarket giants Asda and Tesco are embroiled in a dispute in Coalville, Leicestershire, where both retailers have submitted plans to develop stores.
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Clinton Cards in bid to buy back 150 profitable Birthdays shops
Clinton Cards wants to keep the Birthdays brand alive by buying back up to 150 stores, following its collapse into administration.
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NewsGame’s share price slides after Gamestop’s caution
Computer entertainment group Game’s shares plunged after US giant Gamestop warned of falling sales last week.
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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Heron Frozen Foods sales jump but profits take a hit
Grocer Heron Frozen Foods has revealed a slide in its full-year pre-tax profits.
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BPF calls for help with regeneration scheme funding
The British Property Federation (BPF) has called on the Government to do more to fund retail and mixed-use schemes facing difficulties.
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Sales declines hit Gap profits
Sales declines across all four of Gap’s divisions have led to a 14 per cent slump in first-quarter profits at the clothing giant.In the quarter to May 2 earnings were 15m (£135.5m), down from 49m (£156.9m) the year before. First-quarter net sales were $3.13bn (£1.97bn) compared with $3.38bn (£2.13bn) the ...
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Arcandor says Metro merger is no alternative to Government aid
Retail group Arcandor said that talks with Metro over a possible merger of the Karstadt and Kaufhof department store chains is no alternative to government aid. Arcandor spokesman Gerd Koslowski said: “Metro would have to bring the money we need for survival and it really doesn’t look like that at ...
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Dixy Group reveals net losses
Discount food retailer Dixy Group revealed that net losses last year were RUB324m (£6.6m) compared with a RUB429m (£8.7m) profit in 2007.The losses were mainly due to foreign exchange losses following the rouble’s decline against the dollar-denominated debt in its credit portfolio, amounting to RUB1.07bn (£21.7m).It was also hit by ...