More on Me + Em – Page 2918
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Zavvi to close 22 stores
Zavvi is to shut 22 of its stores with immediate effect after it fell in to administration before Christmas.
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Wyevale's Andrew Livingston to join Screwfix
Andrew Livingston is leaving Wyevale to join DIY chain Screwfix as its commercial director.
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Findel pulls off 'satisfactory' Christmas
Home shopping group Findel has revealed a 4 per cent fall in group sales for the 39 weeks to January 2 – a performance it labelled “satisfactory in the current market”.
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Peacocks posts steady Christmas results
Fast fashion retailer Peacocks has reported a solid Christmas and secured a 20 mililon equity injection from its backers to fund expansion in 2009.
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Majestic Wine sales fall over Christmas
Specialist retailer Majestic Wine suffered a Christmas like-for-like decline as credit crunched business customers cut back on expenses.
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House of Fraser reports resilient Christmas
House of Fraser has reported that like-for-like sales fell 1.5 per cent over the Christmas period and has reassured on its financial position after paying back its bank loans ahead of schedule.
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Ted Baker promotions take their toll
Fashion retailer Ted Baker has warned that profits will come in at the low end of expectations as a result of promotions over Christmas.
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Sainsbury's reports best ever Christmas
Sainsbury's has reported its best ever Christmas, with like-for-like sales up 4.5 per cent excluding fuel in the 13 weeks to January 3.
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Viyella collapses into administration
Iconic womenswear retailer Viyella has collapsed into administration leaving the future of its 645 staff hanging in the balance if a buyer is not found.
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Non-food prices fall by sharpest rate for 2 years in December
Widespread discounting by retailers struggling to woo customers in December has led to the sharpest fall in non-food prices for two years.
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Barclays to issue contactless debit cards
Barclays will begin issuing debit cards with contactless payment technology, and predicts that more than 3 million consumers will be using them by the end of the year.
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OpinionCaution urged on contactless payment adoption
Barclays will soon begin issuing debit cards with contactless payment technology, a move that goes some way towards breaking the chicken-and-egg deadlock of contactless payment adoption.
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Morrisons ploughs on with IT transformation
Morrisons will push ahead with its business and IT transformation programme in 2009, having signed Wipro Retail to assist it with its plans.
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Apple ups music download stakes with the removal of DRM
Apple has brokered a deal with the major record labels to offer their music without digital rights management protection on a new version of iTunes called iTunes Plus.
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CD and DVD sales continue to beat downloads
DVD and CD sales continue to outperform the growing download market, according to research released today.
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Thorntons reports dip in like-for-likes
Thorntons has reported a dip in like-for-like sales of 6.6 per cent for the 12 weeks to December 27.
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Woolworths' biggest shareholder criticises closure
Woolworths’ largest shareholder has branded yesterday’s closure of the chain as “unnecessary” and lambasted the retailer’s management and administrator Deloitte for allowing it to fail.
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Alexon profit forecasts ahead of management expectations
Fashion group Alexon has said that it expects full-year operating profit to exceed management expectations after a robust performance in December.
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Weak boardwear performance to hit Blacks Leisure profits
Blacks Leisure, the outdoor clothing and equipment specialist, has warned that operating profits will not meet market expectations because of its underperforming boardwear division.
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Marks & Spencer sales fall; job cuts and store closures planned
Marks & Spencer has reported a like-for-like sales decline of 7.1 per cent in the 13 weeks to December 27, and announced plans to cut more than 1,200 jobs and close 27 stores.