All News articles – Page 1159
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NewsCarphone Warehouse to acquire Best Buy’s stake in joint venture
Carphone Warehouse has agreed to acquire the 50% of its European joint venture with Best Buy it did not already own for £471m.
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NewsInternational online sales to soar sevenfold to £28bn by 2020
Overseas online sales generated by UK retailers are expected to soar sevenfold to £28bn by 2020, according to new research.
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NewsFall in consumer confidence indicates recovery is 'a long way away'
UK consumer confidence dropped one point to -27 in April, ending three months of stability and indicating the recovery is “a long way away”.
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NewsOnline fashion giant Asos unveils 'strong' half-year performance
Asos’ profit before tax surged 18% to £27.2m in the half year to February 28, 2013, as it reaches six million customers worldwide.
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NewsPrimark to pay compensation to Bangladesh factory victims
Primark is to pay compensation to the victims of the Bangladesh factory it used which collapsed last week killing at least 380 people.
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NewsWhiteley 91% let by rent one month ahead of opening
Whiteley is 91% let by rent four weeks before the 320,000 sq ft shopping centre opens its doors to the public.
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NewsIrish video rentals retailer Xtra-vision falls into receivership
Irish video rentals retailer Xtra-vision has gone into receivership putting 1,023 jobs at risk.
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NewsGrocer Waitrose inks deal to supply food to Eurostar trains
Waitrose has signed a deal with Eurostar to supply the train operator’s standard class buffet cars in its first move into Northern mainland Europe.
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NewsSainsbury’s boss Justin King denies he is to quit the retailer
Sainsbury’s chief executive Justin King has denied he plans to quit the grocer after speculation his successor is being lined up.
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NewsBangladesh factory owner arrested as demonstrators target Primark
The owner of the eight-storey factory complex which collapsed in Bangladesh last week killing at least 377 people has been arrested.
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NewsNew Look refinances with £800m fundraising
Value fashion retailer New Look has launched an £800m bond issue to repay outstanding debt.
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NewsComet administration costs £15m in closure fees
The total cost of winding up Comet has been revealed as £15m after the electricals retailer crashed into administration in November.
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NewsFormer Sun European partner Frank Maassen named But boss
Former Sun European Partners operating partner Frank Maassen has been appointed as director general of French furniture and electricals chain But.
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NewsOcado dismisses speculation of sale to Morrisons
Ocado has moved to quash speculation that Morrisons is interested in acquiring or taking a stake in the online grocer.
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NewsVideo: Furniture giant Ikea opens pop-up shops in London train stations
Ikea has opened pop-up shops in London train stations Liverpool Street and Waterloo as part of its ‘make more of your garden’ campaign.
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NewsFrench Connection group finance director Roy Naismith departs
French Connection group finance director Roy Naismith has left the business and stepped down from the board after 12 years in the role.
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NewsJohn Lewis sales flat despite boost from warmer weather
John Lewis recorded a 0.1% drop in sales to £61.9m last week, which proved “challenging” as the warm weather kept many customers in their gardens rather than out shopping.
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NewsWilliams-Sonoma to land in UK with store on Tottenham Court Road
US homewares giant Williams-Sonoma is to open its first store in the UK on London’s Tottenham Court Road, Retail Week has learned.
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News
Gap to franchise Old Navy internationally
Gap will begin franchising Old Navy internationally from next year.“Over the next five years, key to our continued success will be pushing the envelope further to make shopping seamless to customers through our digital strategy, while seizing the opportunity for Old Navy in untapped international markets,” said chief executive Glenn ...
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NewsMultiple retailers’ store numbers fall in the first quarter
The number of stores operated by multiple retailers edged down in the first quarter of 2013 after retailers including HMV, Jessops and Blockbuster crashed into administration.