All News articles – Page 1290
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NewsM&S director Richard Price to become managing director of Bhs
Tycoon Sir Philip Green’s Arcadia has raided Marks & Spencer to poach menswear trading director Richard Price as managing director of Bhs.
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NewsAsda Income Tracker reveals budget tightening slows
The latest Asda Income Tracker has revealed that family spending power fell by £4 a week in May 2012 – the lowest rate of year-on-year decline since November 2010.
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NewsThe Hut Group raises £4m to launch new site
Online group The Hut has raised £4m in equity from existing shareholders to help launch new site MyVitamins.com in August.
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NewsH&T expects 'double digit' growth in first half
H&T the country’s largest pawnbroker is forecasting ‘double-digit’ revenue growth in its half-year results as consumers seek to generate more money using its services.
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NewsTesco to open 24 hours on Sundays during Olympics
Tesco is to open 24 hours every Sunday during the Olympics.
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NewsLandlords gear up to sue PwC over Game administration
Britain’s largest landlords are gearing up to sue PwC over the administration of Game to recoup unpaid rent.
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NewsJohn Lewis sales buoyed by online sales
Bellwether department store John Lewis experienced an 11.5% surge in sales to £63.58m in the week to June 16 driven by strong growth in online.
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NewsJudge blasts HBOS for Farepak collapse
A High Court judge has lambasted bank HBOS for its role in the collapse of Christmas hampers group Farepak in 2006.
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Inditex reports net profit increase
Clothing giant Inditex reported a 30% rise in net profit to E432m (£374.7m) for its first quarter, on revenues up 15.4% to E3.4bn (£2.95bn).The retailer posted its highest-ever gross margin, which rose by 140 basis points to 60.2%.During the quarter Inditex opened 91 new stores in 26 countries. The retailer ...
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Costco to take full ownership of Mexican subsidiary
Costco is to take full ownership of its Mexican subsidiary after reaching an agreement to purchase Comercial Mexicana’s 50% share for pesos10.65bn (£529m).In addition, Costco Mexico has declared a cash dividend of approximately pesos4.8bn (£238.4m), 50% payable to a subsidiary of Costco and the remaining 50% to Comercial Mexicana. The ...
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Amazon to launch Amazon Cloud Player app for iPhone and iPod Touch
Amazon is to launch an Amazon Cloud Player app for the iPhone and iPod Touch, which will allow US customers to stream or download content purchased on Amazon to their mobile devices.Amazon will compete directly with Apple’s iTunes for downloads of music and videos. Previously Amazon’s Cloud Player was only ...
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsLittlewoods Facebook show prompts sales spike
Littlewoods has hailed its Facebook TV programme as a success after it stimulated record sales for the featured products.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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NewsGrocers ramp up use of coupons
The grocers have upped the ante on coupons with a swathe of new deals at category level.
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NewsWestfield Stratford retailers fear Olympic car park closure impact
Retailers at Westfield Stratford City have vented their frustration about the closure of the car park at the giant shopping centre, which is understood to have resulted in a plunge in footfall.
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NewsBoots makes an international faux pas
Nobody wants to be known as the smelly kid in the corner, but that’s how Japanese consumers sometimes view their UK counterparts.
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NewsWaitrose raids Asda to hire new IT director Millington
Waitrose has poached Asda chief information officer Cheryl Millington, who will become its IT director.
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NewsAlliance Boots in talks with Musgrave about food tie-up
Alliance Boots is in discussions with food manufacturer Musgrave, supplier to Budgens, about stocking its food products in stores.