All News articles – Page 1827
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News
Cash Generator to expand in Scotland
Second-hand retailer and pawnbroker Cash Generator is to double its portfolio of shops in Scotland as it seeks to up its nationwide presence.
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Burberry optimistic despite profits slump
Shoppers are still splashing out on Burberry products, the luxury group maintained, despite its recent profits fall.The retailer, which suffered a 12.5 per cent drop in pre-tax profits to £175m for the year to March 31, described the past year as the “most challenging” that the luxury sector has faced. ...
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NewsEx-WHSmith man to run British Bookshops & Stationers
British Bookshops & Stationers’ new owners have drafted in former WHSmith director John Simpson to return the business to profitability.
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NewsNew Bay Trading owner to focus on concessions
The new owner of Bay Trading will transform the young-fashion brand into a niche concessions-focused operation.
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Supermarket chain Gimenes to be split between Carrefour and Associação Ricoy
Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), ...
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H&M had successful April trading
H&M had a strong April, when like-for-like sales climbed 8 per cent and total sales soared 18 per cent.The performance ended eight months of successive like-for-like falls for the fashion giant. Analysts believe H&M was helped by warm weather in its most important markets, such as Germany.A collaboration with UK ...
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NewsPeacocks and New Look make appointments to drive growth
Value fashion retailers Peacocks and New Look have shaken up their senior teams as they plough on with expansion plans.
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Retail sales in New Zealand and Singapore fall by record amounts
Retail sales in New Zealand and Singapore have fallen by record amounts, while consumer confidence among Japanese shoppers has risen. Retail sales in New Zealand in the first quarter fell by a seasonally adjusted 1.2 per cent year on year, as consumers face rising unemployment. Retail sales in Singapore fell ...
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News
Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
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NewsHeal’s drives e-tail sales after site relaunch
Upmarket furniture retailer Heal’s expects its website to account for up to 16 per cent of its sales after relaunching the site.
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NewsDesigual seeks more West End sites after Regent Street success
Spanish fashion brand Desigual is scouting for standalone store sites in Oxford Street and Covent Garden.
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NewsSpecsavers re-creates its TV ad across billboards
The opticals retailer has taken its “free varifocals” TV ad message and used it across the UK on outdoor billboards.
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Abercrombie & Fitch report a net loss
Abercrombie & Fitch reported a net loss of $26.8m (£17.52m) in its first quarter to May 2 as like-for-like sales dived 30 per cent across the group.Sales at Ruehl shops plummeted 34 per cent on a like-for-like basis and the fashion retailer has now begun a strategic review of that ...
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NewsCautious brokers upgrade Kingfisher on Q1 prospects
Brokers have increased profit forecasts for DIY giant Kingfisher in expectation of a good first quarter but remain cautious about longer- term prospects.
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NewsColouredrocks.com clocks up 132,000 plays of viral game to promote site
Online jeweller Colouredrocks.com has reported 132,000 plays of a viral game it launched to promote its site earlier this month. The game, created by digital marketing agency TAMBA, is the second viral game the retailer has launched to help it achieve its plan for sales of £6m this year.
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NewsBirmingham Bullring closed after suspected chemical leak
Birmingham’s Bullring shopping centre was closed down for part of Thursday after several people fell ill following a suspected chemical leak.
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NewsClothing retailers benefit from April sales rise
Retail sales rose 3 per cent in value year on year during April and 2.6 per cent by volume, ONS data showed.
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NewsJJB Sports posts a loss as sales slump
JJB Sports like-for-likes plummeted 23.3 per cent in the 16 weeks to May 17 as it revealed its supply suffered as a result of a lack of credit insurance.
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NewsModus’s Wigan Grand Arcade in administration
The company which owns Wigan Grand Arcade shopping centre, which was developed by Modus, has been placed into administration.
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NewsClinton hopes to retain selected Birthdays stores despite administration
UPDATED: Cards group Clinton intends to maintain an interest in Birthdays, despite placing the chain into administration.