All News articles – Page 1463
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NewsTesco reports subdued UK sales, but international holds up
Tesco has reported UK like-for-like sales excluding petrol and VAT down 0.1% in its first quarter to May 28, reflecting the subdued market.
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NewsBest Buy UK big boxes lose £62m in first year
Best Buy’s fledgling big box business lost £62.2m in its first full year of operating in the UK, joint venture partner Carphone Warehouse reported.
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NewsGame appoints new boss of UK and northern Europe
Game has hired Tom Devine as regional managing director of the UK and northern Europe.
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NewsH&M to open in Westfield Stratford
Swedish fashion giant H&M will open in Westfield Stratford City in the autumn and the store will be the second in the UK to stock its homeware collection.
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NewsMohamed Al-Fayed linked to Cocosa acquisition
Former Harrods owner and entrepreneur Mohamed al-Fayed is reported to be plotting a return to retail by acquiring online luxury business Cocosa.
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NewsUK luxury market to grow 57% by 2015
The continued success of brands such as Burberry and Jimmy Choo will help the UK luxury sector to grow by 57% to £9.4bn by the end of 2015, according to research from luxury trade body Walpole.
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NewsReuben brothers take £2m stake in Blue Inc
Billionaire investors the Reuben brothers have taken a holding in fashion retailer Blue Inc, it is understood.
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NewsRepublic asks banks for headroom
Republic, the branded young fashion chain, has asked its banks for increased financial flexibility as it contends with challenging trading conditions.
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NewsKing and Robertson honoured in Queen's birthday honours list
Retail heavyweights Justin King and Nick Robertson have been honoured in the Queen’s birthday honours list.
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NewsSir Terry Leahy invests £2m in supply chain tech firm
Sir Terry Leahy has invested £2m of his fortune into a British software company he believes could transform retailers’ supply chains.
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NewsFoyles to open in Westfield Stratford City
Bookseller Foyles is to open a store in Westfield Stratford City, bringing its branch count to seven.
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NewsMajestic Wines profits surge 27%
Majestic Wines group pretax profits surged 26.6% to £20.3m in the 52 weeks to March 28.
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NewsLife & Style sinks into administration
Fashion and homewares retailer Life & Style has fallen into administration, and private equity firm SKG Capital is circling it.
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NewsMatalan EBITDA dips as snow hits Q4 trading
Matalan has reported a 7.4% dip in EBITDA in its full year results, which the value retailer said reflected the impact of the snow in its fourth quarter.
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NewsComet looks to exit 22 prime stores
Struggling electrical retailer Comet is circulating a list of 22 stores which it is looking to sell.
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NewsMarks and Spencer reveals bumper pay-outs for Bolland and Rose
Marks and Spencer chief executive Mark Bolland could receive up to £13.8m for his past year’s performance as former boss Sir Stuart Rose was waved off with a £8.1m pay-out.
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NewsSubdued week for John Lewis, Waitrose rises again
John Lewis sales fell in the week to 4 June on a VAT-exclusive basis, with the bank holiday and warm weather disrupting trade.
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NewsIceland profits soar 15% as buyers circle business
Frozen food giant Iceland has scored another record year with pre-tax profits soaring 14.8% to £155.5m, Retail Week can reveal.
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NewsTroubled Findel kick-starts three-year turnaround plan
Findel is working to repair relations with suppliers and customers as it embarks on a turnaround plan
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NewsTarget enters formal mediation over name
US-based grocer Target has entered formal mediation over whether it can use the Target name in Canada.