All News articles – Page 1772
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NewsHomewares sales recovery sustained in August
An improvement in homewares sales in July carried through into August, the BDO Stoy Hayward High Street Sales Tracker showed.
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NewsAcorn Pet Centres collapses into administration
Scottish pets retailer Acorn Pet Centres has fallen into administration.
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NewsKingfisher appoints new group property director
Kingfisher has appointed Ian Playford, chief executive of western Europe and Russia at landlord Parkridge Holdings, as its new group property director.
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NewsAlchemy boss Jon Moulton quits the private equity firm
Alchemy Partners boss Jon Moulton has quit the private equity firm after a bust-up over strategy.
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NewsAmazon warns on Google e-books proposals
Online retail giant Amazon has warned a US court that Google will stifle competition and break anti-trust laws if it is permitted to add millions of book titles to its digital library.
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NewsSainsbury’s boss Justin King insists he will remain at the grocer
Sainsbury’s chief executive Justin King has reaffirmed his commitment to the grocer, and dampened speculation he will move to head up Marks & Spencer.
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NewsTesco criticised for offering CT health scan vouchers
Radiation risks from X-rays has led to criticism of Tesco’s promotion of vouchers for CT health scans through its Clubcard loyalty scheme.The Society of Radiographers said the Lifescan promotion, billed as helping to detect tumours and other illnesses, is “inappropriate” and does not make the risks from radiation exposure clear.Spokesman ...
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported an upbeat weekly trading report, helped by new product lines in home and fashion.
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NewsProposals to tackle illegal downloaders divide retailers
Retailers are divided over Government proposals to switch off internet connections of illegal file sharers.
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NewsFlight to value brings Wilkinson record sales
Value retailer Wilkinson has recorded its highest ever annual sales of £1.45bn, as it capitalises on shoppers’ continued flight to value in the recession.
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NewsHome Bargains triumphs in web war on shoplifters
Value retailer Home Bargains has said it has achieved some early wins on its campaign to tackle theft in stores and urged other retailers to roll out the initiative.
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NewsSpecsavers revives Postman Pat
Specsavers has revived the much-loved children’s TV character Postman Pat for its latest TV ad campaign to promote its two-for-one offer.
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NewsRejected Nisa-Today’s suitor to rally support
Distribution group Bibby Line was expected to make moves to overturn convenience store buying group Nisa Today’s decision to reject its takeover bid last week, as Retail Week went to press.
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NewsNew Look valuation prompts hopes for a market revival
Valuations of prominent private equity-backed retailers are rising on the back of earnings momentum and investor appetite for quoted retailers.
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Shoprite Holdings reports turnover jump
Shoprite Holdings reported that turnover for 2008/09 jumped 24.5% to ZAR59.32bn (£4.68bn), with a 28.1% lift in profits to ZAR2.94bn (£231.9m).Most divisions reported growth, with the notable exception of furniture, which suffered from reduced demand in the face of rising unemployment and high interest rates. The group’s supermarket division ...
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Ikea intends to resume planning for expansion in Russia
Furniture giant Ikea has said that it intends to resume planning for expansion in Russia. The change of heart comes after the retailer won a two-year bureaucratic battle to open a mall in the southern city of Samara.Head of Ikea Russia Per Kaufmann believes that the main stumbling blocks are ...
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NewsLittlewoods launches European website to tap into expat market
Shop Direct Group is gunning to grow its overseas business to 10% of its total sales after it launched its first international Littlewoods site last week.
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D&S results
Wal-Mart’s Chilean subsidiary, D&S, reported second-quarter sales up 8.9% on the same quarter of 2008, with comparable sales also up, by 8.2%. Profit dropped 18.9% to CLP23.51bn (£26.2m).The retailer, which operates under a number of different formats such as hypermarket Hiper de Lider, said that most of the drop was ...
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NewsKiddicare relaunches website to drive sales
Multichannel nursery retailer Kiddicare has this week relaunched its website, backed by sponsorship of three ITV series.
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NewsÇilek to open third UK store
Turkish bespoke children’s bedroom furniture and accessories retailer Çilek is to open its third UK store as it sets out expansion plans for the UK.