All News articles – Page 1765
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NewsFurniture Village profits hit by crunch
For the year to March 29, profit before interest and tax was £2.4m, down from £7.1m a year earlier, when the retailer recorded its best-ever profit. Total sales fell 9.4% from the previous year to £162m, and like-for-likes were down 12.4%.
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NewsLuke Johnson lambasts credit insurer ‘oligopoly’
Entrepreneur Luke Johnson has labelled credit insurers an “oligopoly”, citing their “en masse” withdrawal or reduction of coverage to the retail sector.
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Cash Converters hires UK chief
Pawnbroker Cash Converters has appointed retail veteran David Patrick its new UK chief executive.
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Carrefour enters Iranian market
Carrefour has entered the Iranian market through its franchise partner in the Middle East, Majid Al Futtaim (MAF).MAF has opened a hypermarket in Tehran, in the western district of Ferdows. Like in Pakistan, where Carrefour has been trading for four months, the hypermarket has not opened under the Carrefour banner ...
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NewsJohn Lewis to unveil luxury womenswear at Cardiff opening
The department store chain is to unveil a new luxury womenswear concept at its Cardiff opening next Thursday.
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NewsN Brown eyes bricks and mortar for brands
N Brown’s acquisition of multi-channel retailer High & Mighty could lead to stores for the home shopping group’s other brands.
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NewsRetail rally halted by bout of profit taking
Store shares suffered a poor week, despite the reporting season getting off to an encouraging start.
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NewsSpar launches campaign to bolster profile
Symbol group Spar has launched an ad campaign to increase brand awareness and up own-brand sales.
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NewsMarc Bolland vows to maintain growth at Morrisons in tough second half
Morrisons chief executive Marc Bolland has vowed that the Yorkshire-based grocer will continue to increase sales ahead of the market, despite facing tougher comparatives in its second half.
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NewsSainsbury’s clothing brand Tu celebrates fifth birthday
Sainsbury’s clothing brand Tu celebrates its fifth birthday this week and business unit director for clothing Adrian Mountford vowed to keep the customer front of mind as it aims to become a £1bn business.
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NewsSigns of improvement for big-ticket retailers
There were indications of improved prospects among hard-pressed big-ticket retailers as Home Retail Group and Kesa issued updates and Carpetright held its AGM.
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NewsTK Maxx and Peacocks begin Wembley facelift
TK Maxx, Peacocks and Bonmarché have begun fit-outs of their stores in the £90m redevelopment of Wembley Central in northwest London.
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Fabergé unveils boutique site to back collection
Fabergé has launched an innovative website to support the launch of its first High Jewellery collection since 1917.
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Auchan create new concept in Russia
French retailer Auchan has created a new concept in Russia called Raduga, which translates as Rainbow.The stores, which are between 5,000 and 7,000 sq m, will be price-orientated discount superstores. Two stores are planned to open in Kalouga and Penza by the end of the year.With this new banner, Auchan ...
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NewsMike Ashley’s PR behind Chris Ronnie statement
The press releases sent out defending Chris Ronnie against accusations of bad practice when he was chief executive of JJB Sports were sent by Mike Ashley’s personal PR firm, Retail Week can reveal.
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The Warehouse announces final results
New Zealand-based retailer The Warehouse has announced its financial results for the 53 weeks ended August 2.The company reported a net profit after tax for fiscal 2009 of NZ$76.8m (£32.5m), compared with NZ$90.8m (£38.4m) in fiscal 2008. Group sales for the year were NZ$1.72bn (£728.3m), down 0.8% on the previous ...
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Amazon’s Japanese unit has to deliver books to customers free of shipping charge
Amazon’s Japanese unit has announced that it will deliver books to customers free of shipping charges through at least early November, regardless of order value, to drive sales.All new books and comics will now be mailed for free, but magazines and used books will carry a delivery fee.Depending on results, ...
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NewsAll roads lead to Russia for expanding retailers
A week cannot pass in retail without an international retailer being linked with a potential entry into the Russian market.
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NewsAdili to push brand with high street shops
Adili plans to use its first high street store to up its brand profile.
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NewsDanish jeweller plans to open 75 franchise stores
Danish jewellery brand Pandora is gunning to open 75 franchised standalone shops in the UK by the end of the year.