All News articles – Page 1820
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News
Future of Arcandor remains unclear
The future of Karstadt owner Arcandor remains unclear after rival group Metro proposed that it acquire and merge Karstadt’s stores with its own Kaufhof fascia.But Arcandor chief executive Karl-Gerhard Eick remains confident of a state-backed solution after lobbying for a €650m (£564m) loan. Arcandor argues that Metro’s idea could cost ...
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Grupo Cortefiel appoints new chief executive
Fashion retailer Grupo Cortefiel has appointed Juan Carlos Escribano García-Bosque as its new chief executive.He replaces former chief Anselm Van den Auwelant, who will now take on a new role as non-executive president of the group.Van den Auwelant has driven the mid-market fashion group through an intense international expansion period ...
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NewsOasis casts online net wider with iPhone App
Oasis launched an iPhone application this week to give customers easier access to its website content while they are on the move.
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NewsMoss Bros should survive recession, analysts say
Moss Bros should be “one of the survivors of the recession” analysts believe, after the retailer reported sales ahead of City expectations.
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News
Profits at Office Depot’s North American retail division decline
Operating profits at Office Depot’s North American retail division declined from $82m (£50m) to $81m ($49.4m) in the first quarter to March 28. Like-for-likes plummeted 17 per cent while total sales slumped 16 per cent to $1.4bn (£854.4m).The company, which includes a business solutions arm, reported a net loss of ...
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News
Target shareholders reject alternative director list
Shareholders in general merchandise retail powerhouse Target last week rejected an alternative list of directors put up by activist shareholder William Ackman.In a heated battle, Ackman, the head of Pershing Square Capital Management, sought to have his own roster of directors, including himself, replace the existing board to better compete ...
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NewsBrand Alley to extend reach with offer rethink
E-tailer Brand Alley’s new chief executive Rob Feldmann has set out plans to change the year-old private sale site to appeal to more customers.
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NewsNew Look to revamp all shops as it steams into new markets
New Look is to revamp all of its stores after a successful trial, and move into new markets including Ukraine, Poland and Singapore.
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News
Toys R Us acquires the FAO Schwarz toy stores
The world’s largest toy specialist Toys R Us has acquired the FAO Schwarz toy stores for an undisclosed sum.FAO Schwarz, which first opened in 1862, describes itself as the oldest toy retailer in the US. Toys R Us will operate all three FAO Schwarz stores – two in New York ...
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NewsTK Maxx and HomeSense in 500-store Euro assault
Discount fashion and homewares retailers TK Maxx and HomeSense are to embark on huge expansion drives in the UK and Europe.
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NewsDebenhams' new shares priced at 80p
The new shares to be placed as part of a £323m fund-raising by Debenhams have been priced at 80p.
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NewsTesco to take on Carphone Warehouse with free laptops
Tesco is offering free laptops with its mobile broadband packages, in a move that will compete directly with Carphone Warehouse.
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NewsWHSmith reports robust third-quarter sales
WHSmith has revealed better than forecast third-quarter sales and said it is confident on its full-year prospects.
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NewsMorrisons first-quarter like-for-like sales jump
Morrisons has revealed an 8.2 per cent rise in first-quarter like-for-like sales as bargain hungry customers flock to its lower-price offer.
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NewsDebenhams to raise £323m in share sale
Debenhams has revealed plans to raise £323m in a share placing to slash its debt pile and said profits were growing at the department store chain.
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NewsAquascutum kicks off consulation with all staff
Aquascutum’s entire 343-strong workforce has been put into consultation, raising questions over the future of the luxury brand.
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NewsPossible sale on cards for Borders
New funding is being sought for Borders UK, which could result in a possible sale.
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NewsJJB Sports completes refinancing
JJB Sports has completed its refinancing and ended its standstill agreement with its banks.
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NewsLidl invests in document management system
Lidl UK is to introduce a document management system within its property division that will digitise more than 200,000 documents.