All News articles – Page 1812
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NewsChristmas savings specialist Park Group steady
Festive orders at Christmas savings specialist Park Group are “close to the level of a year ago”, according to the group.
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NewsSainsbury’s and Tesco updates cause a stir
Big grocers took the spotlight this week as Sainsbury’s and Tesco issued first-quarter updates. And what the pair had to say has implications for the entire retail sector.
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NewsHenderson connects stores via broadband
Northern Irish Spar operator Henderson Group is in the process of rolling out a broadband network to connect its company-owned stores and independents to head office.
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Singapore retail sales in biggest slump for a decade
April sales suffered their biggest drop for a decade in Singapore as shoppers cut back on high-ticket purchases in the country’s deepest recession to date.The retail sales index fell 11.7 per cent in April against last year. Sales had fallen 7.3 per cent in March and 5.5 per cent in ...
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Desigual to open Berlin flagship
Spanish fashion retailer Desigual is to open a flagship store on one of Berlin’s main shopping streets, Tauentzienstrasse, in early July.The store will be its first in Germany and, depending on its success, more may follow. Desigual product is sold in 180 shops in Germany at present.Last year the retailer’s ...
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NewsRay Kelvin upbeat as Ted Baker sales surprise
Ted Baker chief executive and founder Ray Kelvin remains confident that shoppers are still spending despite being in the middle of a deep recession.
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NewsMyrto Samou wins Graduate Fashion Week Gold Award
Myrto Samou of University for the Creative Arts at Rochester won the River Island Gold Award at last week’s event.Judges included designers Matthew Williamson and Giles Deacon, as well as River Island chief executive Richard Bradbury. Bradbury said: “The quality, the attention to detail and ...
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NewsJD Sports to bring forecasting system to fashion arm
JD Sports Fashion is to extend its use of the Oracle planning and forecasting system from its main sports business to its two fashion chains Scotts and Bank.
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NewsArcandor teeters as talks to salvage business continue
The future of beleaguered German conglomerate Arcandor hangs in the balance after it began insolvency proceedings last week.
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NewsMcArthurGlen lands Glasgow Airport deal
Outlet mall developer McArthurGlen has unveiled plans for its first UK airport operation, in Glasgow, and is in talks to secure a further wave of sites across the country.
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NewsOcado changes advertising tack after ASA ruling
Ocado has adapted its Tesco Price Match strategy after a ruling by the Advertising Standards Authority that ads highlighting the online retailer’s campaign were misleading and its claims could not be substantiated in a number of instances.
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Most retailers expanding abroad entering Mid East markets
Saudi Arabia attracted the most new retailers in the past year, with 37 opening their doors there, a CB Richard Ellis report found.The study showed that most retailers expanding abroad were entering Middle Eastern markets; Kuwait and the United Arab Emirates were also in the top five.Separately, AT Kearney’s annual ...
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Ikea abandons India investment plans
Ikea has abandoned $1bn (£611.2m) investment plans for India due to the red tape that still exists for foreign retail entrants.The furniture giant had been considering launching in India but wanted to do so with full ownership, which the law does not allow foreign retailers to do.After the election of ...
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US DIY spending ‘lowest in 60 years’
US DIY spending as a percentage of America’s GDP is at its lowest in 60 years, Home Depot boss Frank Blake said.However, the retailer expects a smaller fall in annual earnings than previously feared. Originally a decline of 7 per cent was forecast but it is now expected to be ...
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Court orders Amazon to pay Toys R Us £31m
Amazon has been ordered by an American court to pay $51m (£31.2m) to Toys R Us after the e-tail giant terminated an exclusive distribution deal in 2004.The partnership was due to last until 2010, with the toy retailer agreed as Amazon’s sole supplier of toys, games and baby goods.The fine ...
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NewsDeals struck on 210 Birthdays stores but 800 jobs to go
Birthdays’ administrator Zolfo Cooper has accepted two offers for a total of 210 stores. The deals safeguard 1350 jobs but 800 will go as the remaining 132 shops will shut.
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NewsRetail sales slip in May
Retail sales volume fell 0.6 per cent month on month in May and was down 1.6 per cent year on year, ONS data showed. Sales by value were down 1.1 per cent compared with May 2008.
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NewsLuxury retail chiefs signal rebound in shopper confidence
Luxury retail chiefs said they are seeing signs that customer confidence is returning to the sector.
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NewsTesco bond sale raises £430m
Grocery group Tesco has raised £430m through the sale of commercial mortgage-backed securities (CMBS).
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NewsArcandor investor cuts stake in stricken German retail group
Arcandor shareholder German bank Sal Oppenheim has cut its stake in the German retail and tourism group and said it would decide whether to remain its second-largest shareholder only when the insolvent retailer revealed a restructuring plan.