All News articles – Page 1685
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NewsMatalan founder to pay himself £250m dividend
Matalan founder John Hargreaves is set to pay himself a £250m dividend as part of refinancing plans at the value chain.
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NewsGovernment mulls imposing VAT on food
Government could begin charging VAT on food as a means of reducing the national defecit.
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NewsJohn Lewis Partnership staff to receive 14% bonus
John Lewis Partnership staff are expected to receive around 14% of their annual salary as a bonus as the retailer reveals strong full-year profits.
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NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
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NewsVero Moda and Jack & Jones to open on Oxford Street
Danish fashion chains Jack & Jones and Vero Moda will open a new dual fascia shop on Oxford Street.
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NewsAlexon to raise capital to speed recovery
Alexon Group has announced plans to raise £20.3m to accelerate its turnaround plan.
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NewsBenetton launches interactive catalogue
Italian fashion group Benetton has launched a multimedia element to its worldwide catalogues that will give customers behind-the-scenes access to its new collections.
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NewsRepublic ups online query response rates
Republic’s integration of new online customer service technology has led to 90% of enquiries on Republic.co.uk being dealt with by its automated help section, allowing swifter response rates.
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NewsHomebase unveils networking website
Homebase has launched a social networking site to promote its gardening credentials.
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NewsVideo: Primark founder Arthur Ryan collects outstanding achievement award
Famously private Primark founder Arthur Ryan for once stepped into the limelight at the Oracle Retail Week Awards last night.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
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NewsJohn Lewis defies bad weather with 14.8% sales uplift
Department store chain John Lewis posted a 14.8% sales increase last week to £50.4m, when sales of fashion and home products were strong.
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Prudential renews monthly rents offer
Prupim, the property investment arm of Prudential, has extended its offer to most UK retailers to pay monthly rather than quarterly rent payments on its existing leases.
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Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
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Harvey Norman profits up
Non-food retailer Harvey Norman reported that net profit in the six months to December 31 rose to Aus$158.9m (£95.4m) from Aus$99.3m (£59.6m) the year before.Profit from continuing operations soared 47% to Aus$237.8m (£142.7m). Consumer electronics performed strongly, despite the unwinding of one-off government stimulus cheques paid to consumers at the ...
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NewsLiberty mulls freehold sale of London flagship
Liberty confirmed this week that it is considering selling the freehold of its iconic flagship store on London’s Great Marlborough Street.
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Gap to open first Italian store in Milan
Gap is to open its first Italian store in Milan this year, with another planned for Rome next year.The retailer will open Gap and Banana Republic stores side by side on Corso Vittorio Emanuele in Milan’s shopping district; the exact launch date has yet to be revealed. Each of the ...
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NewsTesco and M&S warn on need for transparent sourcing in fashion
Tesco clothing chief Terry Green has warned that fashion retailers must make the provenance of their product transparent because offering value is not enough for today’s customers.
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NewsHMV trials DVD vending kiosks
HMv is trialling the sale of DVDs and some games in 11 vending machines in train stations and Vue cinemas.
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NewsPortable scanners improve JD Sports customer service
JD Sports Fashion is expanding the use of hand-held scanning devices in stores to improve customer service and speed up in-store processes.