All News articles – Page 1836
-
NewsInterest rate held at 0.5 per cent
The interest rate has been held at 0.5 per cent by the Bank of England.This is the second month in a row that the Bank of England has held the interest rate after it consecutively cut the rate to a record low over a six-month period to try and stimulate ...
-
News
Space NK hires Fraser Allan as new chief executive
Beauty retailer Space NK has hired a former finance director of Liberty as its new chief executive.Fraser Allan is understood to have joined this week, following the departure of Judith Pilkington last month.A source told The Independent that his “remit is to energise and focus the business and get it ...
-
NewsH&M in tie-up with celebrities to launch t-shirt range for AIDS projects
H&M is teaming up with celebrities to design a special range of t-shirts to raise money and awareness of HIV and AIDS.Musicians including Estelle, Katy Perry and Cyndi Lauper are among a raft of well known names collaborating with H&M designers to launch the range at the end of this ...
-
NewsRecession ‘will change retail for good’
The recession will fundamentally change retail for good, according to a report from Verdict Research.The report said the retail sector is in the mid-point of a lengthy reform. It said last year will be remembered as the beginning of a substantial contraction of the sector that had become bloated with ...
-
News
Retailers must ‘think global, act local’ for international success
International retailers outlined the key to overseas expansion in developing markets and remained bullish about prospects during the recession.
-
News
US retail needs structural changes
Structural change is still required in US retail before the sector can emerge from the downturn, the World Retail Congress heard on Wednesday afternoon.
-
News
Forever21 eyes London store to kick-start international expansion
US fashion retailer Forever21 has revealed that it wants to open a store on London’s Oxford Street as the first step in a possible expansion into Europe.
-
NewsBest Buy scales back UK plans
US electricals retailer Best Buy is scaling down its UK plans but remains committed to the market.
-
NewsGame finance director David Thomas steps down
Game group finance director David Thomas is to leave the retailer to join Barratt Developments.Thomas, who will take up the same position at Barratt, will step down from the board on July 2, 2009. Ben White, presently group reporting and investor relations director, will be appointed to the board as ...
-
NewsJohn Lewis to launch standalone home and electricals format
John Lewis is to open standalone homewares and electricals stores in a bid to gain greater coverage of the UK market.
-
NewsSainsbury's airs 140th birthday ad
Sainsbury’s will tonight air a 60-second ad to commemorate the grocer’s 140th birthday.
-
News
Harvey Nichols to widen appeal with young-fashion offer
Upscale department store group Harvey Nichols will launch a young-fashion offer early next year as part of chief executive Joseph Wan’s strategy to beat the downturn.
-
News
Staff engagement key to winning over shoppers
Engaging with staff is essential if retailers are to succeed in meeting customers’ needs, according to key retailers speaking at the World Retail Congress.
-
News
MPs call for more scrutiny of pre-packs
MPs have called for tighter regulations and more scrutiny of pre-pack administrations.A report by the Business and Enterprise Committee into the actions of the Insolvency Service found that public confidence in insolvencies would be damaged “unless prompt, robust and effective action” is taken to ensure pre-packs are “transparent and free ...
-
News
Invest in India but beware of problems, retailers warn
Those making investments in India should act soon, according to BS Nagesh, managing director of Indian department store chain Shopper’s Stop, who summed up the panel’s views on the next phase of development in Indian retail at the World Retail Congress.
-
News
Economists optimistic end of recession is in sight
Leading economists forecast that the end of the recession is in sight, and will be led by a recovery in the US and China, followed by Europe.
-
News
Consistency key to sustainable development
Trust, engagement, authenticity, communication and understanding customers are the key issues for retailers as they move towards greater sustainability, according to a panel at the World Retail Congress this morning.
-
News
Crombie introduces security tagging
Luxury clothing brand Crombie has slashed store theft after introducing security tagging for the first time.
-
NewsWilkinson adopts space planning system
General merchandise retailer Wilkinson is to introduce a space planning system to improve availability and reduce excess inventory.
-
NewsM&S under fire for surcharge on larger bra sizes
Marks & Spencer has come under fire from campaigners over a £2 surcharge on bras sized DD and above.