All News articles – Page 1837
-
NewsPets at Home profits rocket 29 per cent
Pets at Home has revealed a profit hike of 29 per cent in the 52 weeks to March 26, 2009 but said it is cautious about the year ahead.Pre-tax profit before exceptional items and goodwill amortisation rocketed 29.3 per cent to £40m.Like for like sales jumped 7.5 while total sales ...
-
NewsNext reports solid first quarter
Next has benefitted from a late Easter and warm weather with a better than expected first quarter.Total retail sales were up 1.1 per cent in the 14 weeks to May 2 with like for likes down 2.3 per cent, well ahead of Next’s estimates of between -6 and -9 per ...
-
NewsCo-op reports record full year results
The Co-operative Group had reported record full year results, with operating profit before significant items up 11 per cent to £393m.
-
NewsFood inflation slows for the first time this year
Food price inflation has slowed for the first time this year leading to lower shop price inflation of 1.4 per cent in April compared to 2 per cent in March.According to the BRC-Nielsen Shop Price Index, annual food inflation was down to 7.9 per cent in April compared to 9 ...
-
NewsAsda chief marketing officer given Wal-Mart international role
Asda chief marketing officer Rick Bendel has been promoted to a new role of international chief marketing officer for parent company Wal-Mart.
-
NewsBoots Opticians successfully merges with Dollond & Aitchison
Alliance Boots has successfully merged Boots Opticians with Dollond & Aitchison, forming the second biggest optical chain in the UK.
-
News
Styles & Wood announces massive drop in profits
Shopfitter Styles & Wood has unveiled a catastrophic drop in profits for 2008 as it was hit by a combination of cancelled and scaled-down retail contracts and substantial restructuring costs. Profits for the year to December 31 were £3.8m , down more than two thirds from £11.8m in the previous year.
-
NewsRetailers lead business revolt against Heathrow third runway
Retailers have called on Government to reconsider plans for a third runway at London’s Heathrow airport.
-
NewsSir David Michels reveals ambitions to become M&S chairman as Myleene Klass takes a pay cut
Marks & Spencer deputy chairman Sir David Michels has revealed his desire to succeed Sir Stuart Rose as chairman.
-
NewsMetro profits halve in first quarter
First quarter operating profits at German grocer Metro have halved due to currency devaluations.
-
NewsTesco lowers prices to stop Irish shoppers crossing the border
Tesco is re-opening some of its stores in the border counties of the Republic of Ireland with marked-down stock reflecting sterling prices in an effort to curb customers crossing the border to buy their groceries in Northern Ireland.
-
NewsSports Direct proposes offloading stores to counter competition concerns
An offer by Sports Direct to sell stores in five local areas as part of its acquisition of 31 JJB shops is being considered by the Office of Fair Trading (OFT).
-
News
Land Securities to back start-up retailers with capital venture company
Land Securities is investing £5m in a venture capital company to back new and expanding retailers.
-
NewsWaterstone's to axe up to 650 positions
Waterstone’s is to axe up to 650 positions across all its 300 branches following the retailer’s move to a new distribution centre and a change in working patterns.
-
NewsApril's fashion and gift sales up while homewares continues to suffer
Fashion and gift retailers enjoyed a lift to sales in April while homewares continued to suffer.The BDO Stoy Hayward High Street Sales Tracker of medium-sized retailers revealed that across all sectors retail like-for-likes increased 1.7 per cent in April.The report said the Easter calendar shift increased demand for gifts and ...
-
NewsWestfield London backs down over service charges
Westfield has backed down over a dispute with tenants over service charges after months of wrangling with retailers at its London shopping centre.The Australian landlord had been battling with retailers including House of Fraser and Debenhams over charges at the centre. Westfield London had charged £14 per sq ft, about ...
-
NewsCarpetright director John Kitching leaves board to focus on sister brand
Carpetright executive director John Kitching will leave the retailer’s board to focus on his role as managing director of sister brand Storey Carpets.Kitching will leave the board of the UK’s largest flooring retailer at the end of this financial year on May 2, 2009.He will remain at Carpetright to “concentrate ...
-
NewsJohn Lewis reports mixed week
Department store chain John Lewis has reported a mixed week with sales down 5.1 per cent.John Lewis said the good weather made the start of the week slow, with both Sunday and Monday showing decreases. The retailer said trade improved through the week but was still challenging, building towards Thursday ...
-
NewsTesco to roll out pharmacies in smaller-format superstores
Tesco is to roll out pharmacies in its smaller-format superstores following a trial last year as it seeks to reach its target of 350 within the next three years.
-
NewsZara Kids unveils first UK store in London’s Covent Garden
Spanish fashion giant Zara has opened its first standalone Zara Kids shop in the UK as it seeks to grab a larger slice of the £4bn childrenswear market.