All News articles – Page 1701
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News
Asos co-founder tries hand at private sales
Asos co-founder Quentin Griffiths has this week launched a private sales site for luxury brands ranging from homewares to toys.
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NewsAsda changes strategy as market share stalls
Asda has said it would consider using vouchers again as part of its promotional mix after revealing it was “pleased” with the response from its unprecedented coupon offer last week.
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NewsAmerican Golf tees up for growth with debt swap and cash injection
American Golf owner Lloyds Development Capital has injected £5m into the business and restructured its debt as it seeks to bolster the retailer to gear up for expansion.
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NewsNew Look reveals global ambitions as it lines up float
Fashion giant sets sights on expanding international presence as it aims to raise £650m through IPO
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NewsAmazon hires new entertainment chief
Amazon has hired former head of Cdiscount.co.uk Andy Jones as had of its home entertainment arm in the UK as the etail giant’s sales and profits soar.
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News
Aldi maintains profit in Germany
Despite massive price cuts and falling sales during 2009, Aldi managed to maintain its profit margins in Germany.According to German trade magazine Lebensmittel Zeitung, sales declined by around 3% to 4% for Aldi Nord and 1% to 2% for Aldi Süd, mainly due to 12 rounds of permanent price cuts ...
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NewsBurst of retail activity sends shares soaring
Retail sector excitement including boardroom musical chairs and details of the first IPO in years added some excitement to stores’ share prices, which outperformed the market.
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NewsCity still cautious about ‘badly bruised’ JJB Sports
JJB Sports’ latest trading update did little to cheer the City despite some signs of improvement.
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NewsJohn Lewis named official retailer for 2012 Olympics
John Lewis has been named the official department store retailer of the London 2012 Olympic Games.
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News
Macy's to cut 1,500 jobs
Department store operator Macy’s is to cut 1,500 store-level jobs, according to reports in the US press.The move comes as the retailer strives to improve efficiencies across the company. Remaining staff will undergo training to take on additional responsibilities.Macy’s spokesman Jim Sluzewski declined to confirm the number of redundancies, but ...
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NewsLike-for-like sales rise across all of Gap's brands in January
American fashion giant Gap said sales in January began to gain momentum, up 5% to $798m (£506m) for the month.
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NewsTesco staff to share £144m
Tesco employees are to share £144.4m from maturing Save As You Earn reward schemes.
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NewsNew Look management in line for bumper pay day
New Look’s management team is set to make millions of pounds from the retailer’s payment in kind (PIK) notes.
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NewsSuits You confirms CVA proposal
UPDATED: Menswear retailer Speciality Retail Group (SRG), which trades as Suits You, has proposed a Company Voluntary Arrangement (CVA), as predicted by Retail-Week.com this morning.
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NewsPlans chalked to reduce congestion in London’s West End
The London Assembly Transport Committee has laid out new plans to reduce traffic congestion in London’s West End.
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NewsMalcolm Walker hits out at new grocery code of conduct
Malcolm Walker, the boss of frozen food chain Iceland, has hit out at the Grocery Supplier Code of Practice, which comes into force today, calling it a “complete waste of time”.
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NewsPre-pack for Diamonds & Pearls
Updated: Jewellery retailer Diamonds & Pearls has been bought out of pre-pack administration this afternoon by a consortium of suppliers.
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NewsAdili suspends shares as future hangs in the balance
The future of ethical etailer Adili is unclear as it announced that its shares have been suspended after failing to secure finance for the company’s future.
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NewsTwo more retailers sign to St Martin's Courtyard development
Fashion chains Jack Wills and Hoss Intropia have both signed to St Martin’s Courtyard, in London’s Covent Garden.
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NewsEsprit like-for-like sales fall in the UK
Young fashion chain Esprit saw UK like-for-like sales across its retail and wholesale divisions fall during the six months to December 31.