All News articles – Page 1658
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NewsMorrisons cleared of price fixing
Morrisons has been cleared of dairy price-fixing allegations by the Office of Fair Trading (OFT).
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NewsRetail stock buoyant despite election fears
Retail shares were among the better performers as economic turmoil in Greece and political uncertainty ahead of the general election here took a toll on the market overall.
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NewsOriginal Factory Shop to rev up fashion following bumper sales
Value retailer Original Factory Shop is to focus on growth in fashion and footwear after revealing a bumper set of sales and profits for the year to March 28.
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NewsIan Dyson quits M&S on Marc Bolland’s second day
Ian Dyson, the Marks & Spencer finance director who was passed over as successor to chief executive Sir Stuart Rose, has revealed that he is leaving the retailer.
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NewsBest Buy opening helps neighbour Currys deliver top trading result
Electricals group DSGi’s Currys megastore in Thurrock delivered one of its best trading weekends ever when rival Best Buy opened its first UK shop nearby last week.
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NewsStrife in Greece ‘likely to benefit foreign retailers’
The economic and political turmoil that is convulsing Greece is likely in the long term to benefit international retailers that trade there, according to Planet Retail analyst Milos Ryba.
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NewsAsos to launch global marketplace for shoppers to sell second-hand clothing
Asos chief executive Nick Robertson has vowed to create a different way for shoppers to sell second-hand clothes when it launches its Marketplace website later this year.
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NewsArgos taps World Cup fever with microsite launch
Argos has launched a microsite to capitalise on “huge” public interest in the World Cup.
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NewsFormer Bhs COO Paul Coackley leaves Arcadia
Arcadia Group chief financial officer Paul Coackley has left Sir Philip Green’s fashion chain.
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HobbyCraft aims high for new owner
Art and crafts retailer HobbyCraft has said it would aspire to surpass Pets at Home as a success story for its new owner, Bridgepoint, following its sale last week to the private equity investor for nearly £120m.
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NewsBlacks on stronger footing after fundraising
Blacks Leisure is confident that a forecast warm summer and completion of a £20m fundraising will put the business on a strong footing after a turbulent year.
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Praktiker sales drop 6%
Praktiker, the DIY group, has reported a 6% drop in sales to €747.9m (£651.2m) in the first quarter of 2010, due to prolonged winter weather and persistent economic weakness in Eastern Europe.Net losses were €37.5m (£32.6m), steeper than the €36.8m (£32m) loss for the same period a year ago. January ...
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NewsHMV’s strategy questioned as Q4 like-for-likes plummet
A worse-than-expected update from HMV last week prompted analysts to question the entertainment retailer’s strategy in the face of contracting markets.
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Edeka sales up 18.7% on Plus integration
Edeka, Germany’s largest grocer, posted an 18.7% sales increase to €38bn (£33bn) during 2009. EBITDA reached €714m (£622m), mainly thanks to the integration of the 2,339 Plus discount stores acquired from Tengelmann in January 2009.Plans for 2010 include an investment of €1.3bn (£1.13bn) to expand and modernise its stores and ...
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Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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News£10m cash injection lifts ailing Freemans
Freemans Grattan Holdings, the UK arm of German home shopping giant Otto, has been given a £10m cash injection from its parent company to stem losses at the UK business.
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PPR Q1 sales up
Sales in the first quarter of 2010 at luxury goods and retail company PPR were up 1.3% compared with the first quarter of 2009, rising to €4.13bn (£3.6bn). Sales at Fnac, the international entertainment retail chain of which PPR is the majority shareholder, were up 1.6%. In France, Fnac sales ...
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NewsAndy Clarke tipped to take over as Asda CEO as Darren Blackhurst leaves
Asda chief operating officer Andy Clarke is tipped to take over as chief executive and chief merchandising officer Darren Blackhurst has left the grocer, Retail Week has learnt.
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NewsTesco to launch 50% off clothing Sale
Tesco will launch a 50% Sale on its clothing website on Friday May 7 to celebrate the site’s first six months of trading.
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NewsWeaker April sales round off stronger first quarter at Gap
Gap sales fell in April after a more positive first quarter where sales grew 6% to $3.3bn (£2.2bn) and like-for-like sales lifted 4% in the three months to May1.