All News articles – Page 1172
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NewsEtailer Occa Home adds former Best Buy Europe boss Willett to board
Occa Home, the furniture etailer backed by Asos and The Hut investor The William Currie Group, has appointed former Best Buy Europe boss Bob Willett to its board.
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NewsMarch retail sales flat but retailers confident of rise in April
Retailers are confident sales will grow next month despite recording flat sales in March and bringing six months of growth to an end, according to the CBI Distributive Trades Survey.
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NewsBlockbuster to launch music as part of new owner's revival plan
Blockbuster’s new owners Gordon Brothers are locked in discussions with landlords about securing better terms as the restructuring firm plans to launch into music at the entertainment specialist.
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NewsVideo: Sainsbury’s and Waitrose record strong growth after horse meat scandal
Sainsbury’s and Waitrose have recorded strong sales growth as grocers not implicated in the horse meat scandal drew custom.
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NewsStaples hires new UK boss to lead multichannel strategy
Staples has today appointed new UK vice president Carlos Maia to lead a multichannel strategy, integrating its online operations with stores.
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NewsB&Q owner Kingfisher posts full-year profits plunge
Kingfisher full-year group pre-tax profits plunged 11% to £715m in its year to January 31 as wet weather hindered sales in the UK.
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NewsSofa specialist DFS backs Irish retail market and eyes expansion
DFS has signalled its confidence in the Irish market despite some UK retailers putting their businesses through insolvency protection processes this year.
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H&M suffers lower than expected first-quarter sales
Fast-fashion retailer H&M said its first-quarter sales did not reach expectations because of unfavourable weather and a tough economic climate.In the three months to February 28 sales increased 6%. However, when taking into account calendar and currency effects, sales rose 2% to SEK28.39bn (£2.87bn). Like-for-like sales fell 3% in the ...
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Group sales increase for DIY retailer Hornbach
DIY retailer Hornbach’s group sales increased 0.8% to E3.23bn (£2.75bn) in the year ended February 28.The Hornbach-Baumarkt fascia achieved growth of 0.6% to E3bn (£2.5bn) year on year. Consolidated like-for-like sales dropped 1.4% from the previous year’s level of 2.8%.
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Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...
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NewsShoppers back price-matching schemes as Sainsbury’s makes Tesco complaint
Shoppers have thrown their weight behind grocers’ price-matching schemes as controversy over Tesco’s Price Promise promotion mounts.
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Supervalu completes sale to AB Acquisition
Supervalu has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners.The disposal to AB Acquisition, an affiliate of an investment consortium led by Cerberus Capital Management, is a stock deal valued at $3.3bn (£2.17bn), which includes $100m (£65.8m) in cash and $3.2bn (£2.1bn) in debt assumption.
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NewsRetailers meet with Government to debate high street's future
The Government’s new Future High Streets Forum, co-chaired by Alliance Boots’ health and beauty boss Alex Gourlay, met for the first time today to attempt to plot a course for the high street’s recovery.
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NewsSainsbury's accelerates convenience store expansion in London
Sainsbury’s is to accelerate its convenience store expansion in London and the Southeast as competition in the area hots up.
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NewsWilkinson multichannel boss Simon Hathway set to exit
Wilkinson head of multichannel Simon Hathway is set to leave the value retailer in September after six years at the company.
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News4G to boost retail spend by £1.8bn a year, says eBay
The arrival of universal 4G in Britain could boost the retail economy by around £1.8bn a year, according to new research by online giant eBay.
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NewsLaura Ashley puts squeeze on suppliers with price cut demands
Furniture and fashion retailer Laura Ashley has been accused of squeezing its suppliers by support group the Forum of Private Business.
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NewsCath Kidston plots Spanish concession expansion
Kitsch retailer Cath Kidston is in talks to roll out concession stores in Spain, which will be its first step into continental Europe.
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NewsBlockbuster acquired by restructuring firm Gordon Brothers
Restructuring firm Gordon Brothers Europe has bought DVD rental retailer Blockbuster out of administration, taking 264 stores.
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NewsSofa retailer CSL invests £1m to roll out iPads across stores
Sofa retailer CSL is set to roll out iPad minis to its entire store estate in a new £1m project, which is expected to significantly increase sales.