All News articles – Page 1329
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NewsTesco scraps its premium clothing line
Tesco has axed its premium range F&F Couture following poor sales, according to reports.
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NewsGame collapses into administration, 6,000 jobs in jeopardy
Game has appointed PwC as administrator to the business this morning after “ceaseless interrogation of every possible alternative” failed to save the troubled entertainment retailer. It is thought that chief executive Ian Shepherd has stepped down.
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NewsHMV closes Guernsey base
HMV is one of the first large retailers to move its base out of the Channel Islands after the Government’s decision to close a tax loophole in the region.
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NewsGarden Centre Group bought by Terra Firma in £276m deal
Garden Centre Group has been acquired by private equity firm Terra Firma in a deal that values the business at £276m.
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NewsBrand Alley sales soar 60% in 2011
Brand Alley sales soared 60% in its full year to December 31, 2011.
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NewsAsda introduces Easter price initiative
Asda has relaunched the price initiative it claims helped it “win” Christmas in the run up to Easter.
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NewsGame banks mull rescue deal
Game’s banks are mulling a rescue of the retailer that is poised to go into administration as early as today.
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NewsWilkinson among bidders for Robert Dyas
UPDATE: Wilkinson is in the bidding race for hardware retailer Robert Dyas, it is understood.
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NewsAsda Income Tracker: UK families have £10 less to spend
The average UK family was £10 worse off in February reversing the improving trend seen in recent months, the latest Asda Income Tracker has revealed.
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NewsLily Cole to front Body Shop campaign as new format is unveiled
The Body Shop has unveiled model Lily Cole as its new brand ambassador as it launches a new store concept.
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NewsSupermarkets targeted as minimum alcohol pricing proposed
Retailers will be prohibited from offering multi-buy discount deals on alcohol under government proposals to introduce a minimum price of 40p per unit.
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NewsVacancy rates reach record high
Vacancy rates on the high street hit a record 14.6% in February.
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NewsJohn Lewis sales surge as iPad launches
Sales at John Lewis surged 20.9% last week buoyed by a strong performance online and in electricals.
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NewsNext boss Wolfson calls on Sunday trading extension to be made permanent
Next boss Lord Wolfson urged the Government to extend Sunday trading laws permanently.
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Zara launches global concept store in New York
Inditex-owned clothing retailer Zara has launched a global concept store in New York with revamped architecture and a new interior design scheme.The store, at Fifth Avenue and 52nd Street, is the retailer’s largest in the US, comprising more than 32,300 sq ft spread over three floors.The store design emphasises simplicity ...
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Grocer Auchan plans offensive pricing strategy
Grocer Auchan plans to compete with rival Leclerc on pricing and promotions this year. The retailer will move towards an offensive pricing strategy throughout France, according to Auchan France managing director Vincent Mignot. The hypermarket format will remain the backbone of the retailer’s strategy.Auchan said 58 of its 120 French ...
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Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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NewsCocosa drafts in Harrods director as Milligan exits
Cocosa, the luxury etailer owned by Mohamed Al Fayed, has shaken up its management team.
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NewsGo Outdoors poaches Halfords digital boss in online push
Go Outdoors has poached Halfords digital boss Jon Asbury as its first multichannel director.
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NewsKaren Millen hires boss to drive overseas push
Karen Millen has hired its first global retail chief as it aims to increase sales from international flagship stores.