All News articles – Page 1684
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News
Mercadona sales up to £13.8bn
Mercadona has reported gross sales of €15.5bn (£13.8bn) for its 2009 financial year - up 0.8% on the year before.Net income declined 16% to €270m (£240.7m).The grocery retailer invested about €600m (£534.9m) in the business over the year, opening a further 74 stores to take its total to 1,264 supermarkets ...
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NewsFat Face owner injects new capital to secure future growth
Fat Face owner Bridgepoint has injected £8.5m into the business to help the retailer’s expansion plans, it has emerged.
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NewsJohn Lewis Partnership pre-tax profits up 9.7%
John Lewis Partnership has reported pre-tax and bonus profits up 9.7% to £306.6m and staff shared a £151.3m bonus pot, 15% of salary.
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NewsTesco clothing chief Terry Green replaced by Richard Jones
Tesco clothing chief Terry Green is to be replaced by the grocer’s head of non-food Richard Jones.
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NewsRestructuring bears fruit as Flying Brands profits rise
Home shopping group Flying Brands strategy to focus on its core gardening and gift divisions is bearing fruit, the retailer said as it posted improved full-year results.
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NewsMorrisons profits up 30%
Morrisons has reported pre-tax profits have hiked 30% to £858m, up from £655m, in its full year results ending January 31.
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NewsHome Retail profits to beat expectations despite Argos sales fall
A later than usual catalogue launch and wintry weather contributed to a like-for-like sales fall of 9.4% at catalogue store group Argos but parent Home Retail Group expects its full-year results to beat expectations.
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NewsWhistles posts a £5m pre-tax loss
Whistles has reported a pre-tax loss of £5.1m for the 12 months ending January 31, 2009 in its first year under the leadership of former Topshop boss Jane Shepherdson.
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NewsSuperGroup to expand and launch marketing campaign after IPO
SuperGroup will use the £125m the expected float will raise to open 20 stores and launch a marketing campaign, founder Julian Dunkerton said.
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NewsHobbyCraft picks six suitors for second-round bids
Arts and Crafts retailer HobbyCraft has narrowed its list of suitors to six bidders.
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NewsSainsbury's and Asda set up youth training schemes
Sainsbury’s and Asda are setting up training schemes to push food as a career choice to young people.
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NewsCard Factory founders set to rake in £400m
Card Factory has received bids for the business from several private equity groups that could result in the founders taking home a £400m windfall.
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News
Retailer screening leads to decrease in card-not-present fraud
Phone, internet and mail order fraud has fallen by 19% to £266.4m from 2008 to 2009, according to new figures from the UK Cards Association.
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NewsShop vacancies on the rise
Shop vacancies rose in the three months to January 31, with more than one in ten shops on the high street lying empty.
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NewsJohn Lewis commercial director takes on 'bricks and clicks'
John Lewis has charged commercial director Andrea O’Donnell with overseeing retail development, format development and retail implementation at the department store chain.
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NewsRetail sales ahead 2.2% in February
UK retail sales grew 2.2% on a like-for-like basis in February, according to the British Retail Consortium (BRC).
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NewsDFS set to be sold within days
Sofa giant DFS is poised to be sold for more than £500m before the end of next week.
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NewsGeorge at Asda launches 100-day returns policy
George at Asda has launched a 100-day returns policy across its entire range, as it seeks to step up the competition on rivals Primark, Tesco and Marks & Spencer.
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NewsN Brown to launch plus-size menswear
N Brown, the internet and home shopping group, is to launch a plus-size menswear brand called Williams & Brown
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NewsBlacks Leisure starts store expansion
Blacks Leisure has begun a store rollout programme which it said is the next phase in the company’s turnaround plan.