All News articles – Page 1763
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NewsCBI: UK economy to emerge from recession in Q3
The UK economy is expected to emerge from recession through modest growth in the third and fourth quarters of this year, but constraints on demand will mean that growth in 2010 is fragile, according the CBI.
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NewsTopps Tiles confirms profit outlook and sees signs of stability
Specialist retailer Topps Tiles expects to report operating profit of between £10.5m and £14m – the range of analysts’ expectations – when it delivers full year results in November.
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NewsGame profits suffer against last year's record performance
Entertainment retailer Game has posted a 67% fall in first half profits but said trading had returned to more “normal” levels after last year’s record-breaking software launches.
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NewsBlacks Leisure warns covenant breach likely
Blacks Leisure has warned that it is likely to breach a banking covenant following difficult trading at its boardwear division and has struck a standstill agreement with its bank.
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NewsHarrods attacks Dixons’ ‘low-down’ ad campaign
Upmarket department store Harrods has hit back at a cheeky advertising campaign being run by DSGi-owned etailer Dixons.co.uk and raised the prospect of legal action.
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NewsAsda report: UK families £8 a week better off last month
The average UK family was £8 a week better off last month compared to a year ago, thanks to inflation being at its lowest level since February 2005 and low interest rates on mortgages, according to data from Asda.
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NewsRetail chiefs predict ‘flat’ Christmas
Andrew Higginson, chief executive of Tesco’s Retailing Services division, said the market will be “flat at best” for UK retailers over Christmas.
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NewsShop Direct Group sales up 7.4%
Shop Direct Group reported group sales up 7.4% to £1.7bn for its financial year ending April 30, but is taking a cautious view of consumer debt in the year ahead.
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NewsThe Church of England must shed its ‘Marks & Spencer’ image, says senior bishop
The Church of England must shed its middle class “Marks & Spencer” image to bring in the “Asda or Aldi” worshippers, according to a senior bishop.
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NewsJD Sports pre-tax profits jump 14.5%
Sports fashion retailer JD Sports Fashion revealed a 14.5% increase in group pre-tax profits before exceptional items to £14.2m in the 26 weeks to August 1.
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NewsPrimark named UK’s ‘most feared’ retailer
Cut-price fashion leader Primark is replacing Tesco as Britain’s “sharpest and most feared” retailer , says retail analyst Verdict Research.
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NewsFindel concentrates on further reducing debt
Home shopping group Findel has reported like-for-like sales down 5% for the first 23 weeks of its financial year as it continues to focus on cash generation to further reduce net debt.
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NewsOka climbs into the black
Furniture and interiors retailer Oka recorded EBITDA of £53,000 in the calendar year to December 31, 2008, compared with a loss of £1.03m the year before.
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NewsPrimark set to open in Bury scheme
Primark has signed for a 50,000 sq ft store at Thornfield’s The Rock scheme, in Bury, Greater Manchester.
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NewsTopshop opens second largest UK store in Liverpool
Topshop has opened its second-largest store in the UK, in Liverpool’s shopping centre, Liverpool One.
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NewsAnn Harvey flagship gets new look
Outsize women’s fashion retailer Ann Harvey has unveiled a new-look for its Oxford Street flagship.
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NewsBlacks Leisure poised to close Sandcity
Blacks Leisure is poised to close its Sandcity business, the division that distributes and sells the O’Neill franchise, according to reports.
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NewsBoden reports sales up 20%
Boden, the catalogue and internet retailer, reported sales in the first half to June 30 rose by 20%, or 6% excluding the impact of foreign exchange rates.
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NewsSpar benefits as recession-hit consumers stay in
Spar’s like-for-likes increased 5.2% in the three months to July as consumers stay in more and indulge in treats.
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NewsChristmas shopping starting early
Nearly half of shoppers have already begun filling bags with Christmas gifts, according to research from Asda.