All News articles – Page 1608
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News
A&P to close 25 stores
Tengelmann-owned grocer A&P has announced that it will close 25 stores in five US states in a move to stabilise its ailing business.According to the German company, stores affected include “locations in close proximity to other company stores, those facing real estate and cost issues, and underperforming non-core stores”. This ...
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsRetailers in Scotland suffer worst like-for-like slide in 10 years
Retail like-for-likes in Scotland suffered their worst fall in 10 years during July - with the exception of April this year because of Easter distortions - when they slipped 1.4% year on year. Total sales advanced 0.8% in the month - the weakest growth since April 1999.
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NewsTJX Europe profits tumble
TJX Europe, the European parent company of UK off-price retailer TK Maxx, saw profits tumble 76% in the first half of the year.
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NewsEmpty shops could be used as courts
Empty shops in shopping centres could now have a very different purpose, being set up as courts.
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NewsWestfield Stratford to open in September 2011
Westfield’s new shopping centre in east London, Stratford City, will open in September 2011, the developer has revealed.
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NewsAmerican Apparel warns on future
The future of US fashion retailer American Apparel was thrown into doubt today after it warned about its ability to continue as a going concern.
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NewsTesco and Asda continue to underperform
Tesco and Asda continued to underperform the market in the latest grocery figures from Kantar Worldpanel.
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NewsConfetti placed into administration
Wedding specialist Confetti has been placed into administration less than a week after it was bougth from home shopping group Findel by The Hut Group.
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NewsAsda Q2 like-for-likes fall 0.4%
Asda like-for-like sales fell 0.4% in its second quarter to July 31 and total sales grew in the low single digits.
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NewsConsumer price inflation slows for third consecutive month
Consumer price inflation (CPI) slowed to 3.1% in July, down from 3.2% in June, according to the Office for National Statistics.
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NewsJohn Lovering joins Go Outdoors as chairman
Private equity tycoon John Lovering has joined the board of outdoor chain Go Outdoors as chairman.
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NewsOcado second warehouse site gets green light
The green light has been given to a 124-acre extension to Birch Coppice Business Park where etailer Ocado is expected to open its second warehouse.
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NewsSchool uniform prices tumble
The cost of buying school uniforms has nearly halved over the last six years.
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NewsSainsbury’s and Nectar launch iPhone apps
Sainsbury’s and loyalty scheme Nectar have today launched mobile phone apps.
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NewsRetailers urge Government to tackle petrol prices
Retailers are urging the coalition Government to urgently tackle the rising petrol prices.
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NewsJJB Sports loses fight to derecognise union
JJB Sports has had its application rejected to derecognise the GMB union which represents staff at its warehouse in Wigan.
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NewsB&M Bargains completes Opus Homewares deal for £48m
Value group B&M Bargains has completed the acquisition of Opus Homewares for £48m, extending its presence north of the border and in Northern Ireland.
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NewsSir Philip Green defends Government role
Sir Philip Green has answered his critics over his new role as spending czar for the government.
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NewsMarks & Spencer’s former Indian boss joins competitor
The former chief executive of Marks & Spencer’s Indian business, Mark Ashman, has jumped ship to run local rival Hypercity, which sells Waitrose products in the country.