All News articles – Page 1733
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NewsPPR looks to sell some retail businesses
French luxury and retail group PPR is reported to be considering the sale of part of its retail portfolio to raise cash to buy new brands.
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NewsToy buying pushes up sales at John Lewis
Sales at John Lewis department stores for the week ending November 21 have jumped 15% on the same period last year to £78.5m as shoppers start buying gifts for Christmas.
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NewsWoolworths owner looks at return to the high street
Woolworths could come back to the high street as a 200-store chain as part of a plan by Shop Direct Group to move it from an online-only operation.
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NewsBlacks CVA vote expected to be passed today
Blacks Leisure is expected to have its Company Voluntary Arrangement passed by landlords today, potentially securing the future of the outdoor specialist.
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NewsMark Price named contender to replace Marc Bolland at Morrisons
Waitrose managing director Mark Price has been named as a leading contender to replace Marc Bolland as chief executive of Morrisons.
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NewsLehman Brothers collapse takes toll on Reiss
Fashion retailer Reiss has reported “creditable” earnings last year, when it suffered like other retailers in the aftermath of Lehman Brothers’ demise.
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NewsWHSmith pulls out of Borders bid
WHSmith has ended talks about buying troubled bookseller Borders UK, raising doubts over the specialist’s future.
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News381 further First Quench shops to close, making 1,908 redundancies
The administrator to Threshers owner First Quench Retailing has announced the closure of a further 381 stores, resulting in 1,908 shop staff redundancies.
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NewsGap profits up 25%
Gap profits grew 25% in its third quarter helped by growing sales at its Old Navy fascia.
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NewsBest week of the year for John Lewis
Department store John Lewis had its best week of the year last week, beating last year’s sales by 17%.
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NewsTesco unveils broadband ambitions
Tesco is to take on broadband telecoms players such as BT, TalkTalk and Virgin media as it targets extra profits of £200m annually.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsMothercare upbeat as profits jump
Mothercare chief executive Ben Gordon said it was in the “best shape” it has ever been in the run-up to Christmas as the mother and baby specialist revealed underlying profits up 15.4% in the 28 weeks to October 10.
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NewsJohn Lewis to unite online with stores
John Lewis Direct managing director Robin Terrell will leave in the new year ahead of an integration of the department store operator’s online arm into the main business.
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NewsMajestic Wine ‘optimistic’ as six-bottle initiative lifts sales
Wine specialist Majestic Wine is “optimistic” about Christmas trading after reporting a better than expected UK interim like-for-like sales rise.
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NewsGrocers lead the way as retail shares rise
A raft of results generally in line with expectations and signs of corporate activity returning to the sector helped general retailers keep pace with the index, but food groups were the week’s stars.
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US retail sales rose by more than expected in October
Retail sales rose by more than expected in October, largely due to a resurgent car market.Sales rose 1.4%, rebounding strongly after a revised 2.3% decline in September, according to figures from the Commerce Department.The increase was driven almost entirely by higher auto sales in October as demand returned following a ...
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NewsRetailers target Europe for low-risk expansion
Retailers are still keen to expand internationally despite the recession, although most are focusing on the more mature Western European markets to limit risk.
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NewsTesco extends e-invoicing to up efficiency
Tesco is to introduce electronic invoicing to improve efficiencies in the purchase of goods and services that are not for resale.
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Dollar General floats on the New York Stock Exchange
Dollar General, the value retailer backed by private equity house KKR, floated on the New York Stock Exchange last week.KKR still controls 89.5% of Dollar General, which would be valued at $7.7bn (£4.6bn), based on the $716m (£427.8m) raised in the IPO.The retailer has been one of the winners in ...