All News articles – Page 1355
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NewsCarpetright issues profit warning
Floorings retailer Carpetright has issued a profit warning despite an improving trend in sales.
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NewsOcado pre-tax losses narrow
Ocado’s full-year pre-tax losses have slimmed to £2.4m from £12.1m in 2010 while sales grew.
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NewsOffice posts strong like-for-likes
Young fashion footwear retailer Office has posted soaring like-for-likes of 26% across the five weeks to December 3.
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NewsDixons boss Browett leaves to join Apple
Dixons chief executive John Browett is to leave the electricals group to become technology giant Apple’s senior vice-president of retail.
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NewsOxford Street grinds to a halt as UK Uncut protests
The UK’s busiest high street came to a standstill on Saturday as protestors chained themselves to the railings in objection to the government’s Welfare Reform Bill.
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NewsOcado slashes prices in online price war
Ocado has cut prices on a huge range of products as competition for online grocery spend tightens.
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NewsGarden Centre Group in exclusivity talks with Terra Firma
Garden Centre Group is to enter exclusivity talks with private equity firm Terra Firma, it is understood.
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NewsLVMH mulls bid for Goldsmiths owner Aurum
Luxury goods group LVMH’s private equity firm is mulling a bid for jewellery group Aurum, which operates Goldsmiths, Mappin & Webb and Watches of Switzerland.
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NewsWalker lines up £150m as Iceland deadline nears
Iceland founder Malcolm Walker has arranged £150m of backing from a Canadian pension fund to enable a bid for the frozen foods chain.
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NewsShop Direct chief executive Newton-Jones to exit
Shop Direct chief executive Mark Newton-Jones is to leave the home shopping giant.
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NewsFormer chief exec finds new passion
Terry Green, former chief executive of Tesco Clothing and Bhs, has developed a passion for painting following his departure from the grocery giant.
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NewsDolcis bought out of administration
The Jacobson Group has bought footwear retailer Dolcis out of administration.
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NewsCo-op Food hires Steve Murrells as chief executive
The Co-operative has made two key appointments, including hiring Steve Murrells as the new chief executive of its food business.
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NewsMorrisons receives £40m payment to take on Best Buy stores
Morrisons is to be paid £40m to take on the 10 empty Best Buy stores it is converting to Kiddicare.
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NewsStrong online sales drive John Lewis growth
John Lewis sales rose 11.4% last week driven by a “cracking” online performance.
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NewsNot a groundbreaking offer
The manager of Sainsbury’s Balham store in London offered shoppers just what they wanted in the middle of one of the warmest winters in recent years: shovels, and lots of them.
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Drugstore Schlecker to file for insolvency
Drugstore retailer Schlecker is to file for insolvency. The development is not expected to have an immediate impact on the retailer’s staff or result in store closures in the short term.Schlecker failed to secure funds to keep it afloat while restructuring. “Necessary restructuring measures cannot be implemented as quickly as ...
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Home Depot and eBay to extend PayPal trial
Home improvement retailer The Home Depot and eBay will extend their PayPal in-store payment trial service from five stores to 51 in the San Francisco area. Pilot customers can pay for items via their PayPal account at The Home Depot’s point-of-sale systems using either a PIN via their mobile phone ...
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Walmart announces key executive changes
Walmart said that Brian Cornell is stepping down as chief executive of Sam’s Club. Cornell cited personal reasons for the decision to leave. From February 1, he will be replaced by Rosalind Brewer who most recently served as president of the Walmart US east business unit. Walmart disclosed several other ...
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NewsFurniture Village sales rise but profit takes a hit
Furniture Village has defied the gloom in the big-ticket sector by posting rising sales in its full-year figures, but the retailer remains cautious on prospects.