All News articles – Page 1804
-
NewsClothing prices to rise as cost increases hit Marks & Spencer
Marks & Spencer will pass on higher business costs to consumers by raising prices later this year, executive chairman Sir Stuart Rose revealed.
-
NewsShoppers flock to buy Michael Jackson music
Entertainment retailers have reported a surge in sales of Michael Jackson’s albums after the sudden death of the music legend last week.
-
NewsNew Look goes rock ’n’ roll with premium brand launch
New Look is to offer a higher-priced edgy new brand in its stores that takes its inspiration from fashion and rock ’n’ roll legends.
-
NewsHamleys picks ex-Baugur chief as chairman after board shake-up
Hamleys has appointed Gunnar Sigurdsson, director of failed Icelandic retail investor and former shareholder Baugur, as chairman.
-
News
Wesfarmers sells shops and supermarkets
Wesfarmers has sold 45 of its Coles supermarkets and eight Liquorland shops to independent grocer FoodWorks.The deal will reduce Wesfarmers’ costs and allow it to invest in other Coles stores. FoodWorks, which now has 750 Australian stores, paid around Aus$35m (£17m).The shops sold generated a combined annual turnover of around ...
-
NewsMary Portas series will take on non-fashion
“Queen of Shops” Mary Portas wants to apply her trouble-shooting skills to struggling non-fashion retailers in a third series of her BBC2 programme.
-
News
Pre-tax profits rise at H&M
Pre-tax profits at H&M rose 6 per cent to Skr5.78bn (£452.9m) in the second quarter to the end of May. Sales excluding VAT soared 23 per cent to Skr26.5bn (£2.1bn), an 8 per cent increase in local currencies and a decline of 2 per cent on a like-for-like basis.Gross margins ...
-
News
Sobeys reveals net profit hike
Grocer Sobeys has revealed a net profit hike of 21.1 per cent to C$226m (£118m) in the year to May 2.Like-for-like sales increased 5.2 per cent while total sales climbed 7.2 per cent to C$14.76bn (£7.7bn) as a result of new stores and extensions, as well as sales and ...
-
NewsPromising updates lift general retail stocks
Encouraging weekly numbers from John Lewis, hopes that Marks & Spencer’s first-quarter update would beat bearish expectations and a profits rise at HMV helped lift general retailers.
-
News
Ikea to suspend further investment in Russia
Ikea is to suspend further investment in Russia, which experts believe is because of apparent corruption and bribery in the country.Ikea Russia director Per Kaufmann said: “Ikea wishes to invest in Russia to serve our customers and bring jobs and growth. Yet, as long as the principal issues being crucial ...
-
NewsInstore losses more than double
Losses at mixed-goods retailer Instore have more than doubled from £2.2m to £5.8m. Like-for-likes fell 0.8 per cent in the year to February 28 and the total was down 0.3 per cent to £295.8m.
-
NewsLagging Waterstone’s fails to dampen resurgent HMV
Entertainment group HMV impressed the city with improved profits, despite difficulties at its Waterstone’s books chain.
-
NewsCredit insurance woe hits stock at Threshers
Threshers owner First Quench Retailing is understood to be sourcing stock from the grey market after its supply chain was interrupted by the reduction of credit insurance to some of its suppliers.
-
NewsEast of England Co-op to sell non-food stores
The East of England Co-operative Society is to sell the majority of its non-food stores as it seeks to offload most of its department and home stores business to Vergo Retail.
-
News
Colruyt’s pre-tax profits rise
Discount grocer Colruyt’s pre-tax profits rose 8 per cent to €549m (£467m) in the year to March 31, missing forecasts of €559m (£475m). Total sales increased 11.2 per cent to E6.3bn (£5.35bn), in line with forecasts.The retailer said: “Despite the economic crisis the Colruyt Group continues to invest in future ...
-
NewsThe race hots up to be Marks & Spencer’s next chief executive
The odds on leading internal candidates to succeed Sir Stuart Rose as Marks & Spencer chief executive have lengthened, according to top betting firm Paddy Power.
-
News
Meijer to test a smaller format grocers in Chicago suburb
Meijer is to test a smaller format grocery-focused shop in the Chicago suburb of Niles.The 102,000 sq ft shop is about half the size of most Meijer supercentres and will open in the first quarter of 2010. Alongside grocery, it will also have a pharmacy and some general merchandise. The ...
-
NewsCastorama holds firm as French DIY sector shrinks
Castorama holds firm as French DIY sector shrinks
-
NewsFurniture Village buys World of Leather name
Furniture Village has bought the World of Leather brand name to bolster its top-end offer.
-
NewsItaly’s Jfour jean brand kicks off UK offensive
Italian designer jeans brand Jfour is to open its first UK standalone shop tomorrow and is gearing up for a rapid expansion in this country.