All News articles – Page 1181
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News
Printemps owner, Borletti Group enters talks with Qatari Holdings
The owner of the French department store group Printemps, Italy’s Borletti Group, has entered exclusive talks with Qatar’s sovereign wealth fund, Qatari Holdings (owner of Harrods in the UK) to discuss a takeover.However, last week the tussle for Printemps took a new turn. France’s largest department store group, Galeries Lafayette, ...
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News
Grocery retailer Ahold reports profit decrease
Grocery retailer Ahold’s 2012 profits were hit by increased pension costs and restructuring charges at its US operation.For the full year, net income fell 18.7% to E827m (£713.6m). Fourth-quarter operating income included pension costs of E88m (£75.9m) in the US and Europe, and E26m (£22.4m) of impairment costs primarily related ...
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NewsRihanna collection for River Island launches today
Fashion retailer River Island today unleashed its much-anticipated collection designed by superstar musician Rihanna.
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NewsMonsoon Accessorize Ireland files notice to appoint examiner
Monsoon Accessorize Ireland has filed a notice to appoint an examiner today after the business revealed it has been making losses amid a difficult Irisheconomy.
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NewsDreams acquired by Sun European in £35m pre-pack administration deal
UPDATED: ScS-owner Sun European last night acquired beds giant Dreams in a pre-pack administration deal for £35m, Retail Week has learned.
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NewsVans and Evans Cycles sign up to Buchanan Street development
Vans and Evans Cycles are the two latest retailers to sign up to Scotland’s new Buchanan Street development in Glasgow city centre.
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NewsFrozen food retailers eye former Blockbuster stores
Frozen food retailers are vying to take on former Blockbuster stores as restructuring firm Gordon Brothers plots a 300-store rescue to keep the retailer on the high street.
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NewsAmazon hires former Asda director Rob McWilliam as finance boss
Amazon has hired former Asda director Rob McWilliam as its UK finance director as the etail giant’s balance sheet remains under the microscope.
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NewsCovent Garden signs LVMH brand Sandro and Adidas collaboration Y-3
Two clothing brands have signed to London’s Covent Garden as the shopping district continues to transform its retail offer.
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NewsFood bills to surge 12.1%, potentially putting families into poverty
Food bills are to surge by £357 this year, which could potentially put more families into food poverty, according to a report by CEBR.
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NewsMango apologises over "slave style" necklace description on website
Mango has had to apologise after a necklace sold on its website was described as “slave style”, which it blamed on a translation error.
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NewsRetail like-for-likes jump 2.7% in February despite disappointing food sales
Retail like-for-likes unexpectedly jumped 2.7% in February, representing the fastest growth since December 2009.
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NewsMarks & Spencer's digital strategy blooms for Mother's Day
Marks & Spencer has created a QR Code made out of almost 10,000 fresh flowers for Mother’s Day.
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NewsTesco poaches Facebook and Sainsbury’s executives to lead digital growth
Tesco has poached former Facebook and Sainsbury’s executives to spearhead the growth of its digital entertainment arm into music and ebooks.
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NewsTreasury considers business rates rethink as pressure from retailers grows
The Treasury is studying ways to reduce the burden of business rates as the Government comes under pressure from retailers ahead of this month’s Budget.
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NewsHMV owed £20m in tax when it collapsed
Collapsed entertainment retailer HMV owed more than £20m in tax when it collapsed in January following a poor Christmas, new figures have shown.
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NewsTesco to launch voucher-at-till price offensive next week
Tesco is poised to unveil a voucher-at-till initiative to ratchet up price pressure on its rivals next week.
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NewsDebenhams issues profit warning after snow hits sales
Department store group Debenhams has issued a profit warning for its first half after snow affected sales in January and margins took a tumble.
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NewsTrigger’s hot chocolate holiday in St Lucia
Road sweeping must have paid off for Only Fools and Horses star Roger Lloyd-Pack, aka Trigger, who was spotted relaxing on holiday in St Lucia last week at the Boucan by Hotel Chocolat hotel.
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NewsPoundland to invest £40m in new Essex distribution centre
Value retailer Poundland is to open a new £40m distribution centre in Harlow, Essex which will operate as its main distribution hub for the south east.