All News articles – Page 1328
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NewsMatalan tycoon's daughter buys Fenn Wright Manson
Matalan founder John Hargreaves’ daughter Maxine Hargreaves-Adams has snapped up collapsed womenswear retailer Fenn Wright Manson.
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NewsAsda challenges shoppers to name product
Boris, Bertram and Belinda. No, it’s not Britain’s next Eurovision hopeful but possible names for Asda’s new baby beans.
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NewsSainsbury's makes a play for Game's market share
Sainsbury’s has made a grab for Game’s market share after the troubled games retailer fell into administration on Monday.
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NewsMothercare poised to fast-track store closures
Mothercare is expected to reveal it is speeding up its store closure programme when it unveils the conclusion to its strategic review in May, analysts believe.
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NewsBRC director general Stephen Robertson steps down
British Retail Consortium director general Stephen Robertson is to step down from his role in December.
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NewsTopps Tiles expects 4.5% like-for-like sales fall
Topps Tiles is expected to report a 4.5% fall in like-for-like sales for the first half.
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DIY retailer Hornbach reports sales increase
DIY retailer Hornbach, in which Kingfisher has a minority stake, has reported that preliminary sales rose 6.2% to E3.2bn (£2.67bn) for the year to February 29, 2012. DIY sales in Germany increased 5.4% to E1.73bn (£1.45bn), while like-for-likes were up 5.8%. International like-for-likes grew 1.6%, excluding currency effects, but fell ...
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QVC to enter Chinese market
US-based QVC plans to enter the Chinese market by acquiring a 49% stake in a joint venture with China National Radio’s home shopping TV channel, CNR Mall TV. The Chinese station reaches about 35 million households in the country and will hold the remaining 51% in the joint venture, which ...
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Neiman Marcus to expand into China
US-based luxury department store operator Neiman Marcus will expand into China by the end of 2012. It will invest $28m (£17.6m) in local ecommerce company Glamour Sales Holding, supporting its existing flash sales sites and building a new online business. Glamour Sales Holding was founded in 2009 and operates Glamour-sales.com.cn ...
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Drugstore operator CVS plans 25 Beauty 360 store closures
Drugstore operator CVS plans to close all 25 stores of its fledgling beauty business Beauty 360 by May 19. The Beauty 360 ecommerce business will also cease operations on the same date.CVS director of public relations Erin Pensa said the company “has made the decision to refocus our efforts on ...
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RadioShack signs franchise agreement with Berjaya Retail
US-based electronics retailer RadioShack has signed a master franchise agreement with Malaysian retail group Berjaya Retail to expand its footprint across 10 Southeast Asian countries.The companies said Berjaya expected to open at least 1,000 franchised RadioShack locations across the region within the next 10 years.The contract is RadioShack’s largest franchise ...
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NewsRetailers welcome planning policy shake-up
Retailers have welcomed the government’s revised National Planning Policy Framework which presumes in favour of town centres in England.
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NewsBeales finance director resigns
Beales finance director Ken Owst has stepped down from the department store.
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NewsRetail sales flat in March according to CBI
Retail sales were flat in March according to the CBI.
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NewsAsda grows market share as Tesco loses ground
Asda has reached a record market share of 17.9% in March while Tesco’s share fell on a year earlier.
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NewsGame customers lose out as loyalty points scrapped
Game customers could be left with unredeemed gift cards and loyalty points after it collapsed into administration yesterday.
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NewsComet enjoys best sales for two years
Comet chairman John Clare has said the retailer has enjoyed its best sales for two years and is hoping to break even this year.
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NewsGame: Full list of store closures revealed
Entertainment retailer Game has today closed 277 stores after calling in administrators this morning.
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NewsGame: 2,104 job losses as 277 stores close
Game administrator PwC has confirmed it is in discussions with interested parties after revealing the closure of 277 stores, resulting in 2,104 job losses.
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NewsM&Co to launch in Middle East
Scottish fashion retailer M&Co is to launch in the United Arab Emirates and is planning 30 stores in the region.