All News articles – Page 1225
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NewsOcado to raise £36m and extend debt facilities
Ocado is to raise £35.8m in a placing to fund expansion and extend its debt facilities after speculation mounted it was likely to breach its banking covenants.
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NewsJohn Lewis sales jump 7.6%
Sales at department store chain John Lewis jumped 7.6% in the week to November 17.
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NewsMajestic profit up 3.9% in first half despite wet weather
Wine retailer Majestic delivered a 3.9% jump in pretax profit to £9.2m for the 26 weeks to October 1 despite the tough economic conditions and wet summer weather.
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NewsShop vacancy level highest for more than a year
Total retail footfall in the three months to the end of October fell 0.4% against last year as the town centre vacancy level in October hit 11.3%, the highest figure in more than a year.
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News41 Comet stores to close by end of the month
The administrators of collapsed electricals retailer Comet have confirmed that 41 Comet stores will close by the end of the month, putting up to 1,000 jobs under threat.
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NewsFirst Comet stores set to close next week
The first Comet stores are poised to close next week as closing down sales begin tomorrow.
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NewsIkea 'regrets' using forced labour
Ikea has admitted some of its suppliers used political prisoners as forced labour in East Germany under the Communist regime.
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NewsThe Co-op launches 60-minute delivery slots on electricals
The Co-op is offering a free 60-minute time slot delivery service for electricals shoppers.
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NewsBoots apologises after competition error
Boots has issued an apology after disappointed customers were mistakenly told they had won a holiday as part of a competition the retailer was running.
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NewsReebok to open standalone UK stores
Sports giant Reebok is on the hunt for its first UK stores as it aims to capitalise on the growing sports performance market.
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NewsAldo’s Call It Spring to double concessions at Debenhams
Aldo-owned footwear fascia Call It Spring is to double the number of concessions it operates in Debenhams stores.
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NewsJohn Lewis and Waitrose sales soar as shoppers prepare for Christmas
John Lewis sales soared 11.4% year on year in its week to November 10.
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NewsLoyalty cards under scrutiny as OFT probes personalised online offers
Loyalty schemes such as Tesco’s Clubcard and Sainsbury’s Nectar card are set to be scrutinised by the Office of Fair Trading after the watchdog revealed it is to explore personalised online offers.
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NewsMore job losses at Comet as home delivery axed
Nearly 500 jobs are set to be axed at Comet next week as administrators are poised to terminate the group’s home delivery operation.
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NewsMango accessories format Touch set for UK debut
Spanish fashion retailer Mango is poised to debut its standalone accessories fascia Touch in the UK, at One New Change in the City of London.
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NewsKardashian Kollection launches at Dorothy Perkins
Men, women and fashion retailers everywhere would have been green with envy at Arcadia boss Sir Philip’s bash in London last week as he posed with curvy reality TV stars Kim and Kourtney Kardashian.
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Department store group JC Penney reports net sales decline
Department store group JC Penney reported a net loss of $123m (£77.5m) for its third quarter to October 27, a 14% improvement from $143m (£90.1m) in the comparable period in 2011.Net sales declined by 26.6% to $2.93bn (£1.85bn) from $3.99bn (£2.51bn), while like-for-likes fell 26.1%. During the quarter the retailer ...
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Whole Foods Market launches travel company
Organic grocery retailer Whole Foods Market has launched a travel company aimed at active food lovers who want to experience “what travel should taste like”.The venture, called Whole Journeys, offers 11 itineraries in Europe, China and the US and will run trips from April next year.Tours, which last from five ...
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Sears Canada launches rebranding initiative
Department store group Sears Canada has launched a rebranding initiative after its recent partial spin-off from its US parent, it has been reported. A new tag line, ‘Make Every Day a Great Day’, and an updated logo will be introduced.
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NewsAnalysis: Kurt Geiger focuses on international growth
Growing its international footprint is top of the retailer’s agenda under new owner Jones Group.