All News articles – Page 1472
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NewsWalmart to set up London team to look at acquisitions
US giant Walmart is to set up a London team to launch into Europe.
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NewsAsda Income Tracker: Families £13 worse off than a year ago in April
Families were £13 a week worse off than they were a year ago in April as annual earnings grow at less than half the rate of inflation.
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NewsM&S clothing supremo Bostock 'never wanted' to be boss
Marks & Spencer clothing boss Kate Bostock has admitted that she “never wanted to be chief executive” of the retail giant and said that she was working closely with incumbent Marc Bolland to iron out clothing ranging issues.
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NewsJimmy Choo sold for £500m
Jimmy Choo, the upmarket footwear and accessories label, has been acquired by luxury goods group Labelux for £500m.
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NewsMorrisons prepares bid for Iceland
Morrisons is preparing a £1.5bn bid for frozen food retailer Iceland, it has been reported.
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NewsAmerican Golf like-for-likes rocket as warm weather drives sales
Golf equipment specialist American Golf like-for-likes have soared as the warm weather drives sales.
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NewsAgent Provocateur hires Chris Woodhouse as chairman
Luxury retailer Agent Provocateur has hired Chris Woodhouse, Debenhams’ finance director, as its new chairman.
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NewsHMV appoints group IT director
HMV, which sold bookseller Waterstone’s for £53m, has appointed Debbie O’Shea as group IT director.
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NewsFocus stock liquidation to begin next week
DIY group Focus’s administrator Ernst & Young has hired restructuring specialists to begin liquidating stock next week, Retail Week has learned.
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NewsKing hits back at supermarket critics
Sainsbury’s chief executive Justin King last night hit back at critics who accuse supermarkets of damaging the UK high street, describing their criticisms as “tubthumping”
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NewsGap warns of rising costs after profits drop
Profits at US casualwear giant Gap dropped by 23% in its first quarter as the company warned it expected its performance to be heavily impacted by rising costs.
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NewsPortas to launch womenswear collection with House of Fraser
House of Fraser has inked a deal with retail TV personality Mary Portas to create a collection for the department store.
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NewsWeekly sales flat at John Lewis
Sales growth at department store chain John Lewis was flat last week, when revenues came in at £53.4m.
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NewsB&M Bargains acquires 11 Focus stores
B&M Bargains has acquired 11 Focus stores after the DIY chain collapsed this month.
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NewsHalfords Autocentres report improved sales
Bikes and car parts retailer Halfords has revealed trading in its Autocentres has improved as it takes analysts of a tour of its centres in the Birmingham area.
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NewsHMV sells Waterstone's for £53m
Russian tycoon Alexander Mamut is to buy bookseller Waterstone’s from entertainment group HMV for £53m in cash and has drafted in Daunt Books founder James Daunt to run the business.
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NewsStores in the spotlight as sale talk heightens
Retailers provided some of the biggest talking points of the week as fevered speculation swirled about the future of some of the industry’s biggest names including Comet, HMV and Signet.
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NewsIn Focus: Waitrose and Ocado
Mark Price has made his mark on various fronts since taking the helm at Waitrose. In addition to introducing the successful Essential range the store network has continued to grow, while the new convenience and market town stores challenge Marks & Spencer’s Simply Food.
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NewsSainsbury’s faces margin worries
Following last week’s annual results from Sainsbury’s, broker MF Global said it is concerned that the grocer’s operating margin is benefiting more from lower depreciation, lease and staff costs than productivity on higher sales growth.
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News
Ocado’s great expectations
Having risen as high as 290p over the last year, online grocer Ocado’s shares have slid down to 200p.