All News articles – Page 1689
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NewsBRC urges Budget public spending cuts
The Government should cut public spending rather than increase taxes in its next Budget, the British Retail Consortium has urged.
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NewsM&S sets out plan to become world's most sustainable retailer
M&S has launched a drive to become the world’s most sustainable retailer by 2015, introducing a raft of new commitments under its ethical Plan A programme.
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NewsGame to close 43 outlets
Video game retailer Game is to shut 18 stores and all its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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NewsIndicative bids for HobbyCraft to be submitted today
First round offers are due today for specialist retailer HobbyCraft, which is being sold by the founding Haskins family.
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NewsSupergroup presses ahead with float despite mixed feedback on pricing
SuperGroup has expressed commitment to a flotation on the London Stock Exchange despite concerns over pricing.
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NewsFashion drives strong week for John Lewis while lottery win boosts Waitrose bacon butty sales
Department store chain John Lewis recorded an uplift in turnover of 15.1% to £51.9m last week.
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NewsConsumer confidence rises in February
Consumer confidence improved again in February and people are more optimistic about the year ahead.
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Toys R Us in IPO talks
The private-equity owners of Toys R Us are in talks with investment banks about the possibility of underwriting an initial public offering this summer, the New York Post reported.It is understood Bain Capital, KKR and Vornado Realty Trust are talking with banks including Goldman Sachs, Deutsche Bank and JPMorgan Chase. ...
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Wesfarmers post strong supermarket sales growth
Wesfarmers, the owner of Coles Group, has reported a flat first-half net profit, with strong sales growth at its supermarkets.Like-for-like sales climbed 6% at the Coles Group division, with earnings soaring 22.6%. The retailer said that increasing customer numbers continued to drive growth.The group’s DIY arm Bunnings delivered strong sales, ...
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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Russia sees first retail sales rise for a year
Retail sales in the country rose for the first time in a year in January.A slowdown in inflation and higher wages boosted household spending. Sales rose 0.3% on an annualised basis after a 3.6% drop in December, according to the Federal Statistics Service.Consumer spending is set to boost Russia’s recovery ...
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First Uniqlo store to open in Taiwan
Fast Retailing has confirmed that it will open its first Uniqlo store in Taiwan, in the capital Taipei, around the autumn of this year.The opening marks the Japanese retail giant’s latest effort to extend its global reach. Fast Retailing will invest ¥430m (£2.9m) in setting up a wholly owned subsidiary ...
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NewsLombok eyes growth as sales start to revive
Lombok has recorded like-for-like sales up “single digits” since the start of 2010, after being bought out of pre-pack administration last year.
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NewsPrimark sales outpace expectations in first half
Primark reported first-half like-for-like sales growth of 8%, coming in ahead of the expectations of parent company Associated British Foods (ABF).
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NewsDwell guns for growth in tenants’ market
Mid-market furniture retailer Dwell has laid out plans to reach up to 60 stores and 20 concessions in the next five years.
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NewsTesco fires up Dobbies
Tesco-owned garden centre chain Dobbies is to unveil a new model store next week as part of ambitious plans to quadruple its number of shops to 100 over the next 10 years.
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Tile Depot gears up for expansion with team rejig
Tile specialist Tile Depot has revealed expansion plans as it reshuffles its management team.
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NewsSelfridges tests debut transactional website
Selfridges has launched a beta version of its eagerly anticipated transactional website.
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NewsCortefiel to open UK stores with Land Sec
Spanish fashion giant Cortefiel is to bring three of its brands to the UK in the first deal for property company Land Securities’ Brand Empire venture.
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Ica to enter growing Swedish convenience market
Ahold-owned grocer Ica has announced that it is to muscle in on the growing convenience market with the launch of a city concept to cater for urban customers who want easy access to fresh food.The new concept, called Ica to Go, will sell branded and private-label ready-meals and other products ...