All News articles – Page 1793
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NewsFindel to raise £81m to accelerate debt reduction
Home shopping retailer Findel has announced a £81m capital raising to accelerate its debt reduction plans and revealed a slump in full-year pre-tax profits.
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NewsLand of Leather executive in talks with Allied Carpets
Clive Hatchard, former chief finance officer of collapsed retailer Land of Leather, has emerged as the third senior executive of a failed retailer to be linked with Allied Carpets about a possible position at the company.
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NewsJohn Clare appointed to JJB board
JJB Sports has appointed retail veteran John Clare as senior independent non-executive director and announced a slump in first-half sales.
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NewsFashion sales suffer as swine flu rocks consumer confidence
Retail like-for-like sales were down 4.1 per cent in the week ending July 19 as swine flu shook consumer confidence.
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NewsFormer John Lewis boss Sir Stuart Hampson named chairman of Crown Estate
Sir Stuart Hampson, the former chairman of John Lewis Partnership, is to become chairman of Regent Street owner the Crown Estate.
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NewsTesco and Morrisons continue to challenge OFT in milk row
Grocers Tesco and Morrisons will continue their battle with the Office of Fair Trading (OFT) over milk price-fixing allegations.
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NewsSports events and mixed weather fail to deter John Lewis shoppers
Sales at John Lewis department stores surged 5.3 per cent last week, despite big sporting events and volatile weather that might have kept shoppers at home.
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NewsHarrods boss lambasts ‘idiocy’ of VAT rise during January Sales
Harrods managing director Michael Ward has said only a “congenital idiot” would put up VAT on December 31 following Chancellor Alistair Darling’s refusal to back down and delay the planned increase.
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Primark appoints former Marks & Spencer menswear director
Primark has appointed former Marks & Spencer director Julian Kilmartin as buying and merchandising director.
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NewsFormer MFI and Woolworths chiefs drafted in to Allied Carpets
The former bosses of collapsed retailers Woolworths and MFI have been parachuted in to help turn around embattled Allied Carpets, which was bought out of pre-pack administration last week.
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NewsMothercare protected by overseas presence
Mothercare’s international presence in 50 countries is protecting it from a slowdown in certain markets, chief executive Ben Gordon has said.
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Metro unveils turnaround programme
Metro has unveiled a turnaround programme for its flagging Cash & Carry wholesale business. The turnaround programme is based on three core targets of growth, restructuring and innovation.Metro Cash & Carry said the programme will improve its earnings development and open up additional sales potential. The grocer’s growth strategy includes ...
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NewsOcado.com is making an impression
“Loving the Ocado iPhone app – just did the shopping on the bus,” one Londoner enthused on Twitter last week, just hours after the online grocer launched on the Apple smartphone.
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NewsNew Orange formats to focus on service
Mobile phone operator Orange is to trial two new store formats as it seeks to drive a customer service ethos.
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NewsSwine flu could threaten trading, warns Next's Simon Wolfson
Next chief executive Simon Wolfson has voiced fears that the growing swine flu epidemic could threaten second-half trading.
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NewsPerfume Shop pricing helps fend off recession
AS Watson-owned The Perfume Shop has said it is “well positioned” in the recession as it seeks to raise awareness of its value-priced offer.
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NewsLakeland on mission to double its portfolio
Homewares retailer Lakeland wants to double the size of its store portfolio within the next five years.
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NewsMorrisons’ performance puts it in a ‘different orbit’
Morrisons is confident that its full-year results will come in ahead of expectations as strong trading continued into its second quarter.
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Wal-Mart develops worldwide sustainable product index for suppliers
Wal-Mart is developing a worldwide sustainable product index for suppliers in an attempt to establish a single source of data for evaluating the sustainability of products.The initiative will run in three phases: surveying its more than 100,000 suppliers; helping create a consortium of universities that will collaborate with suppliers, retailers ...
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NewsNetto cuts prices to drive discount credentials
Danish discount grocer Netto is reducing the price of more than 100 staple products as it seeks to reinforce its low price proposition.