More on Me + Em – Page 3065
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News
Soaring food prices drive retail inflation
Annual retail prices rose 1.2 per cent last month fuelled by a surge in year-on-year food prices of 4.7 per cent, up from annual inflation of 4.1 per cent the previous month, according to figures released by the British Retail Consortium (BRC) today.
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News
Mandarina Duck sold to Italian leather retailer
Italian leather goods retailer Antichi Pelletieri is to buy Bologna-based Mandarina Duck parent Finduck Group for €36.9 million ( 29.2 million) and press ahead with an emerging markets expansion plan.
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News
Fabric Warehouse enters administration
Homewares retailer Fabric Warehouse has gone into administration, becoming the latest victim of the credit crunch.
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News
The Works sale confirmed
Beleaguered discount bookseller The Works has been bought by private equity company Endless, as reported by Retail Week Online yesterday (May 6).
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News
Next set for poor first quarter
The City fears fashion group Next may report a like-for-like sales slump of as much as 10 per cent tomorrow, when the retailer updates on first-quarter trading.
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News
Bolland scoops £760,000 bonus
Morrisons chief executive Marc Bolland received a 760,000 bonus last year, almost 100 per cent of his salary, after leading a turnaround at the grocer.
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News
Oxfam to unveil fashion boutiques
Oxfam will open its first fashion boutique on Saturday, as it plans to transform the dowdy image of the charity shop.
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News
Top analyst slams M&S bonus scheme
Broker Credit Suisse has cast doubt on the terms of Marks & Spencer directors’ bonus scheme, questioning whether it is in the retailer’s long-term interests.
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News
SRG picks new MD
Speciality Retail Group (SRG) has appointed Nick Keyte as managing director of the formal menswear chain, with Peter Lucas assuming the roles of chief executive and chairman.
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News
Vision Express acquires 75-store rival
Vision Express has added 75 stores to its portfolio with the acquisition of Batemans Opticians parent company GC Bateman.
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News
St David’s extension signs seven
The St David’s Partnership, a joint venture between Land Securities and Capital Shopping Centres, has secured seven new retailers to the next phase of its shopping centre development in Cardiff.
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News
Blacks to shut Sandcity HQ
Blacks Leisure Group will close its Sandcity Washington, Tyne Wear head office and distribution centre and merge the business with its Freespirit operation in Northampton.
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News
Endless buys The Works
Beleaguered discount bookseller The Works is understood to have been bought by private equity company Endless, as forecast by Retail Week (March 28).
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Opinion
Snapping up rivals is becoming the norm
The news today that Vision Express has bought 100-year old family business G C Bateman sets out a new trend for retailers.
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News
Argos to launch flatpack houses
General merchandise retailer Argos is launching a range of self-assembly log cabins with price points from as low as 11,000.
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News
Asda to source extra £30m from African farmers
Asda chief executive Andy Bond will today pledge to source an additional 30 million of fresh produce from African farmers over the next five years.
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News
Kingfisher finance director to step down
DIY group Kingfisher’s finance director Duncan Tatton-Brown is to step down after seven years with the retailer.
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News
Vision Express snaps up G C Bateman
High street Optician Vision Express has bought 70-store family business G C Bateman Group for an undisclosed sum.
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News
Baugur reviews Moss Bros bid
Icelandic group Baugur is continuing to evaluate its 42p a share offer for struggling menswear retailer Moss Bros.
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Opinion
The best of both worlds
It seems we can never get enough small food shops and the news that Waitrose has joined the scramble for smaller format stores is a case in point.