More on Me + Em – Page 2988
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Thorntons defies downturn with profits and sales surge
Confectioner Thorntons expects the trend for shoppers to focus on quality rather than quantity to help it ride out the economic storm and revealed gloom-busting preliminary results.
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August blow cements September sales fears
Analysts fear non-food like-for-likes will dip further in September, after the BRC revealed a comparable store sales fall of 1 per cent in August.
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Faith sold in pre-pack deal
Faith Shoes has been sold in a pre-pack administration deal for an undisclosed sum to retail entrepreneur John Kinnaird and investment fund Agilo.
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Waitrose challenges Aldi prices
Waitrose boss Mark Price has thrown down the gauntlet to the discounters, claiming the upmarket grocer is cheaper than Aldi on its entry price points in five out of 25 product categories.
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Irish retail at saturation point
The Irish retail market could be completely saturated by 2015 if pipeline developments proceed as planned.
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Beales’ like-for-like decline eases
Department store Beales revealed today that like-for-like sales slumped 6 per cent in the 43 weeks to August 30.
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Trading toughens for Dunelm
Value homewares retailer Dunelm has posted a leap in preliminary profits, but like-for-like sales have plummeted in the new financial year.
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John Lewis Partnership profits crash
John Lewis Partnership pre-tax profits have tumbled in the first half as it is hit by the crisis in consumer confidence and the stalling retail and housing market.
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Morrisons’ value stance brings profit surge
Supermarket group Morrisons has reported a surge in first half profits, as it benefits from business improvements and its value credentials.
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Argos like-for-likes nosedive in second quarter
The mighty Argos became the latest victim of the consumer recession, as like-for-likes plummeted during the second quarter.
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Carphone Warehouse ejected from FTSE 100
Carphone Warehouse has been ejected from the FTSE 100, bringing retail’s representation on the blue-chip index to the lowest in memory.
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Mosaic kicks off drive for uniform planning systems
Mosaic Fashions is rolling out JDA’s merchandise planning system to its Principles, Shoe Studio and Warehouse divisions.
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Tesco speeds up basket and loss analysis
Tesco has replaced a system at its data centre in order to improve both the basket analysis and stock wastage analysis it runs.
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John Lewis pushes on with IP CCTV roll-out
John Lewis has gone live with a networked CCTV system at its Leicester Highcross store, which opened last week.
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Faith chiefs exit as chain nears administration
Senior management at shoe chain Faith are set to leave the business as it is expected the chain will be put into administration this afternoon.
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Clinton Cards managing director to stand down
Clinton Cards managing director Mike Bugler is to stand down at the end of January 2009.
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Best Buy unveils new international team
US electricals giant Best Buy has revealed its new management team for its international operations.
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Sports Direct posts flat quarterly sales and profits
Sports Direct, the store group controlled by controversial tycoon Mike Ashley, managed to maintain sales and profits in its last quarter, despite torrid trading conditions.
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Next remains cautious as profits fall
Next has posted a fall of 12.4 per cent in pre-tax profits in its first half to July, down to 173.5 million for the period.