All News articles – Page 1653
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NewsAsda Q1 like-for-likes fall 0.3%
Asda’s like-for-like sales excluding VAT and petrol have fallen 0.3% in its first quarter and the grocer expects conditions to remain tough.
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NewsHMV shuffles management team
HMV has made two senior management appointments as the retailer continues its “strategic development as a multichannel entertainment brand”.
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NewsScrewfix adopts ‘British Football Time’ opening hours during World Cup
Screwfix, the Kingfisher-owned trade DIY chain, will switch its trading hours to “British Football Time” for England matches during the World Cup.
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NewsJohn Lewis unveils new locations for home stores
John Lewis announced it will open a further two ‘At Home’ stores in an effort to continue widening its customer base.
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NewsTrade credit insurer demands more transparency
Credit insurer Coface is demanding more transparency from businesses in return for trade credit insurance.
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NewsInflation hits 3.7% in April
Consumer price inflation (CPI) rose in the year to April to 3.7%, according to the Office for National Statistics.
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NewsOFT to probe Sports Direct stake in Blacks
The Office of Fair Trading is investigating Sports Direct’s stake in Blacks Leisure which it won ownership of in a High Court claim last week.
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NewsAsda staff to pocket £47m
Asda staff are to pocket an estimated £47m following the maturity of a three-year Walmart sharesave scheme.
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NewsLondon sales growth slows in April
London retail sales increased 3.6% on a like-for-like basis in April, with growth hit by the early timing of Easter and the volcanic ash cloud, according to the British Retail Consortium-KPMG London Retail Sales Monitor.
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NewsRetailers to battle for premium market share
The premium end of the market is set to take over from value as the biggest battle ground for market share, according to market analyst Verdict.
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NewsBaugur boss stands down from Iceland board
Former Baugur boss Jón Ásgeir Jóhannesson has stepped down from the board of frozen food specialist Iceland and confirmed that he has also retired from the House of Fraser board after a $2bn fraud lawsuit was filed against him in the US.
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NewsPhase Eight in management buy-out
Phase Eight, the womenswear retail chain, is set to be taken over by its management in a deal backed by Russian investors, ending its links with the private equity arm of Icelandic bank Kaupthing.
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NewsH&M like-for-likes decline 6% in April
H&M’s group like-for-like sales fell 6% in April compared with the same month last year.
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NewsPeacocks considers sale
The owners of Peacocks Group are considering appointing advisers to examine the value retailers’ options as it mulls a possible sale, it is understood.
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NewsGeorge Osborne to unveil Budget on June 22
New Chancellor George Osborne will unveil his first Budget on Tuesday June 22.
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NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
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NewsAlliance Boots profit tops £1bn
Health and beauty giant Alliance Boots has reported profit has topped £1bn for the full year to March 31.
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NewsLiberty defends deal process
UPDATED: Liberty has defended its choice to recommend an offer for the luxury department store, after a rival suitor claimed to have been frozen out of the process.
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NewsSports Direct wins High Court battle over shares
Sports Direct has won a High Court claim over disputed shares in its rivals.
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NewsPrimark finance director Paddy Prior to step down
Primark’s long-serving finance director Paddy Prior is set to step down from the value chain.