All News articles – Page 1762
-
NewsTories promise to move retail up the agenda
The Conservatives will ensure retail and other industries’ concerns are properly reflected in the Department for Business by the re-establishment of sector specialist teams, shadow business and enterprise minister Mark Prisk has said.
-
News
Casino receives acquisition offer from Jumbo
Supermarket Super de Boer, owned by French retail group Casino, has received an acquisition offer from family-owned Dutch grocer Jumbo worth €482m.The board of Super de Boer are assessing the offer, while Casino, which owns about 57% of Super de Boer’s shares, supports the offer.If completed, the deal would represent ...
-
News
Woolworths secures initial 5% stake in Danks
Multi-sector retailer Woolworths has secured an initial 5% stake along with its joint venture partner Lowe’s in hardware distributor Danks.The companies are set to take control of the DIY retailer following the acceptance of the AU$88m (£43m) takeover bid.An Australian Competition and Consumer Commission inquiry will examine the impact of ...
-
NewsPhones 4U to replace legacy store systems
Phones 4U has embarked on a major store systems project that will see it replace virtually all its legacy store applications by the middle of 2010.
-
News
Bharti Retail intends to become a billion dollar company by 2015
Local retailer Bharti Retail said it intends to become a billion dollar company by 2015 and is aiming to open 40 more retail outlets in the next three months.The group plans to invest up to $2.5bn (£1.5bn) by 2015 in its retail business. Bharti Enterprises vice-chairman and managing director Rajan ...
-
News
Best Buy reports 12% increase in revenues
For its second quarter, Best Buy reported a 12% increase in revenues to $11bn (£6.7bn). Sales were lifted by the inclusion of Best Buy Europe’s revenue and gains from the addition of 170 new stores over the past year.Revenue gains were partially offset by a like-for-like sales decline of 3.9% ...
-
NewsHome Bargains to double stores as it speeds to £1bn sales target
Value retailer Home Bargains plans to smash its £1bn revenue target two years earlier than expected, after reporting record sales and earnings in its full-year accounts.
-
NewsMatt Hudson to leave Monsoon
Matt Hudson, managing director of Monsoon, is to leave the fashion retailer at the end of the month.
-
NewsWaitrose chases convenience market and signs deal with Boots UK
Waitrose is to make a major play for the convenience market, and has embarked on a partnership with Boots UK to sell select product ranges in each others’ stores.
-
NewsJohn Lewis unveils Cardiff store
John Lewis opened the biggest Department store in Wales this morning in Cardiff’s St David’s Centre.
-
NewsH&M to go online in the UK
H&M is to start selling online in the UK from next autumn, following the decision made by its fast fashion arch-rival Zara to do the same last week.
-
NewsDan Brown book smashes booksellers’ records
The smash hit Dan Brown conspiracy thriller The Lost Symbol has sold 550,946 copies in the first five days the book has been on sale, according to Nielsen BookScan.
-
NewsJJB Sports suffers £42.9m pre-tax loss
JJB Sports suffered a £42.9m pre-tax loss in its half year results, after admitting it was on the “brink of going into administration” earlier this year.
-
NewsMorrisons joins BRC
Morrisons has become the final one of the UK’s top-ten food retailers to join the British Retail Consortium.
-
News
British Land head of retail Andrew Jones to leave
British Land’s head of retail Andrew Jones is set to leave the property firm.
-
NewsBRC tells Lord Mandelson: end ‘wish-list politics’
British Retail Consortium chairman Luke Mayhew will tonight demand “an end to wish-list politics” from business secretary Lord Mandelson.
-
NewsBlacks Leisure places Sandcity into administration
Blacks Leisure has appointed administrators to its boardwear business, Sandcity.
-
NewsIdeal Shopping Direct losses flat in first half
Ideal Shopping Direct, the home shopping group, reported a pre-tax loss for the half-year but said a strategic review had helped stabilise the business and move it closer to profitability.
-
NewsPaul Kelly reinstated at Brown Thomas
Selfridges chief executive Paul Kelly has been reinstated as head of Irish upmarket department store Brown Thomas, in a reshuffle which has also seen managing director Nigel Blow leave the group.
-
NewsB&Q launches £20m price offensive
DIY giant B&Q has announced what it described as its biggest-ever Autumn price investment.