All News articles – Page 1539
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NewsTesco promotes insider to new role of UK chief operating officer
Incoming Tesco UK chief executive Richard Brasher has drafted in a Tesco lifer to the newly created role of UK chief operating officer.
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NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.
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NewsGrocers slash prices in battle to keep customers spending
Morrisons vows to help shoppers beat VAT rise while Asda guarantees to be cheaper than competitors
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NewsBond stands down as Asda chairman
Asda chairman Andy Bond has stepped down from his position just nine months into the role and will leave parent Walmart at the end of March after completing its acquisition of South African general merchandise retailer Massmart.
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NewsHarveys appoints former Dixons director to drive market share
Furniture chain Harveys has hired former Dixons director Stephen Campbell as its new managing director.
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NewsMcBride quits Amazon for health reasons
Amazon UK managing director Brian McBride has stepped down from the business for health reasons.
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NewsWeather forces Alexon profit warning
Womenswear group Alexon issued a profit warning before Christmas after its three peak weeks were wiped out by icy weather.
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NewsBlacks sale decision likely after strong Christmas
A decision on the potential sale of Blacks Leisure is likely to be made within weeks after the outdoor specialist beat the big freeze to post a strong seasonal performance.
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NewsHMV backtracks on fashion after grim trading
Embattled HMV is scaling back its fashion ambitions and has not ruled out closing more stores after a disastrous Christmas.
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NewsBrokers tip share price stars as 2011 set to be a tough one
Kingfisher, Marks & Spencer, Dixons Retail and Dunelm are among brokers’ retail stock picks for 2011.
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NewsLosses fall at Jysk as turnover soars 20%
Danish furniture retailer Jysk has increased sales in a difficult market while shaving a third off its losses.
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NewsTesco acquires 128 Czech Republic stores for £35m
Tesco has strengthened its central European operations with the acquisition of 128 convenience stores in the Czech Republic for CZK1.02bn koruna (£35.1m).
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NewsTheo Fennell issues profit warning
Jeweller Theo Fennell has become the latest retailer to issue a profits warning as snow hit its Christmas sales.
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NewsEBay mobile sales triple in 2010 as UK leads m-commerce revolution
Mobile sales at online giant eBay tripled to nearly $2bn in 2010 with the UK the fastest adopter of m-commerce.
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NewsGap like-for-likes dip over Christmas
Gap international like-for-likes, which includes the UK, were down 4% in the key Christmas trading period in the five weeks to January 1.
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NewsMorrisons makes four senior appointments
Morrisons has made four senior appointments as new chief executive Dalton Philips bolsters his team.
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NewsLush Christmas sales up 6.8%
Ethical cosmetics retailer Lush has reported UK retail sales excluding VAT up 6.8% for the key Christmas trading month of December.
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NewsJohn Lewis Partnership to invest £500m this year
John Lewis Partnership is to invest a record £500m in 2011 and indicated that the John Lewis chain will be ready to expand overseas by the year’s end.
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NewsBestseller increases its stake in Asos
Danish fashion group and investor Bestseller has increased its stake in fashion etailer Asos.
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News
Jumbo ramps up rebannering Super de Boer stores to Jumbo
Dutch supermarket group Jumbo plans to accelerate the conversion of former Super de Boer stores to Jumbo, rebannering 90 stores during 2011. In 2010, the retailer’s group turnover reached E3.51bn (£3.03bn), mainly thanks to acquisition of large parts of Super de Boer from French Casino.