All News articles – Page 1145
-
NewsRepublic future in jeopardy as landlords shun Mike Ashley's rent demands
The future of Republic is in jeopardy after owner Mike Ashley failed to secure enough support from landlords for his new rent proposals, Retail Week has learned.
-
NewsDreams chief executive Nick Worthington to step down
Dreams chief executive Nick Worthington is to stand down from the beds retailer after five years at the helm.
-
NewsShop prices deflate for the first time in more than three years in May
Annual shop price inflation in May slipped 0.1% from a 0.4% increase in April, the first time it has deflated for more than three and a half years.
-
NewsTesco first quarter results: What the analysts say
Tesco UK like-for-likes dropped 1% in its first quarter, as its general merchandise division had “held back sales in the UK”. Retail Week summarises the City’s reaction.
-
NewsMoss Bros posts flat like-for-likes after "difficult" start to the year
Menswear retailer Moss Bros like-for-like sales were flat for the 18 weeks to June 1, as it experienced a “difficult” start to the year.
-
NewsEvans Cycles launches Sir Chris Hoy bike range
Evans Cycles has unveiled its range of bikes designed by Olympic cycling champion Sir Chris Hoy, which it is confident will bolster the growing retailer’s proposition in the challenging economy.
-
NewsFindel pre-tax profit surges 45% as it drives through its turnaround strategy
Pre-tax profit at Findel jumped 44.9% to £15.5m as the home shopping group’s turnaround progresses.
-
NewsMorrisons' Richard Pennycook appointed group finance director at The Co-op
Richard Pennycook, former Morrisons finance boss, has been appointed group finance director at The Co-operative Group.
-
NewsTesco UK like-for-likes fall as general merchandise hinders performance
Tesco UK like-for-likes excluding VAT and petrol fell 1% in its first quarter as its general merchandise arm pulled down performance.
-
NewsHome Retail boss Terry Duddy's reward package rises
Home Retail Group, owner of Argos and Homebase, has disclosed a 40% increase in chief executive Terry Duddy’s rewards package last year.
-
NewsThe Entertainer full year profits soar as it eyes ELC share
The Entertainer revealed a jump in pre-tax profits to £5.5m from £1.3m the previous year as it looks to fill the gap created by the closure of Early Learning Centre stores.
-
NewsCard Factory plots 1,200 stores as it eyes float, sale or refinancing
Card Factory is aiming to nearly double its stores count as its owner eyes a potential float, sale or refinancing of the budget greetings card retailer.
-
NewsAnalysis: How Alistair McGeorge revived New Look's fortunes
Just over two years ago Alistair McGeorge took charge of a battered and bruised New Look.
-
NewsRegent Street celebrates Coronation anniversary
London’s Regent Street jas put on colourful display of purple and gold flags to celebrate the 60th anniversary of the Coronation of Queen Elizabeth II.
-
NewsTesco plans global hackathon event
Tesco is planning to hold a hackathon event in its head offices around the world simultaneously.
-
NewsIn focus: May retail sales figures from the BRC
UK retail like-for-like sales rose 1.8% in May, according to the British Retail Consortium (BRC)-KMPG Retail Sales Monitor. Retail Week drills down into how each of the individual categories performed.
-
NewsIncoming N Brown boss Angela Spindler awarded £4m 'golden hello'
Angela Spindler, the incoming chief executive of N Brown, has been awarded a “golden hello”, which could boost her total earnings to almost £4m in the next three years.
-
NewsMay like-for-likes up 1.8% helped by strong furniture and flooring sales
May retail like-for-like sales jumped 1.8% year on year boosted by the improved weather and strong sales in furniture and flooring.
-
NewsNew Look back in the black as it plans to launch in China and Russia
Fashion retailer New Look has returned to profit, recording a £3.1m pre-tax profit in the 53 weeks to March 30 against a £54.5m loss last year.
-
NewsHarveys-owner ups funding facilities as it prepares business for growth
Furniture retailer Steinhoff Europe, which operates Harveys and Bensons for Beds, has increased its funding facilities “in preparation for growth”, according to its lender Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB).