All News articles – Page 1847
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NewsMarks & Spencer signs to Aberdeen's Union Square
Marks & Spencer has signed to anchor Union Square in Aberdeen when the scheme opens this autumn.
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NewsWork under way on Oxford Circus diagonal crossing
Work began this week on a project to transform London’s shopping mecca Oxford Circus.A new diagonal crossing, based on Tokyo’s famous Shibuya crossing, will be built on the intersection between Regent Street and Oxford Street in the West End.Westminster Council said the work will make ...
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NewsCo-op launches digital TV channel
The Co-operative Group has today launched a digital TV channel to showcase its ethical projects.The Co-operative.tv is an online site containing videos and TV programmes. It is part of Ethical.tv, which is created by ethical publishing company Hands Up Media.Co-op director of marketing Patrick Allen said: “The amount of interest ...
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NewsOriginal Factory Shop like-for-likes soar
Discount retailer Original Factory Shop has revealed a like-for-like sales hike of 12 per cent in the 14 weeks to March 29 as it attracts cash-strapped consumers.
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NewsM&S loses market share in clothing
Marks & Spencer is losing market share in clothing as the battle to win customers continues to intensify, particularly in the middle market.Data from market research company FashionTrak showed that M&S lost 12 basis points of market share in February, the Telegraph reported. Marks & Spencer’s womenswear ranges lost the ...
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NewsGap sales continue to slide
Gap sales have continued to fall, down 6 per cent for the five weeks to April 4 on last year with comparable sales down 8 per cent.Comparable store sales in March, although down, were an improvement on the same period last year, when like-for like-sales dived 18 per cent.International sales, ...
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NewsInterest rate kept at 0.5 per cent
The interest rate has been kept on hold at 0.5 per cent after a series of sharp cuts over the past six months.The interest rate now stands at an all time low, after the Bank of England progressively slashed it from October’s 5 per cent in an effort to kick-start ...
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NewsDebenhams and Asda suits a sign of the times
Debenhams has proclaimed that “any woman can wear rubbish and look good”, with the launch of a new suit made from recycled plastic bottles.Each suit is made from 50 bottles which are melted down and woven in to a “soft but hard-wearing” type of polyester, said the department store retailer.The ...
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NewsSainsbury’s to improve product availability with new supply chain systems
Sainsbury’s is to transform the management of its supply chain to improve stock availability through a five-year deal with IBM.IBM will introduce new systems to help Sainsbury’s and its 4,000 suppliers find smarter ways of managing the supply chain and support continued growth in the grocer’s business.Sainsbury’s will use an ...
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NewsJohn Lewis weekly sales hit by Easter comparatives
Sales at John Lewis have suffered from the calendar effect of the fall of Easter this year, slumping 6.7 per cent in the week to April 4.
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NewsSir Philip Green’s plan to transform Topshop London flagship
Arcadia owner Sir Philip Green is to build on Topshop’s groundbreaking US launch in New York with a revamp of the chain’s London flagship in time for Fashion Week.
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‘Stupendous’ week for general retail stocks
General retailers staged a “stupendous run” last week, broker Numis observed, buoyed by better than expected Marks & Spencer numbers.
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NewsMothercare to pave way for global e-tailing as sales soar
Mothercare plans to open up its e-tail business globally by enabling customers in all of the 51 countries it operates in to buy online.
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NewsThe Entertainer ups multichannel fulfilment options
Toy retailer The Entertainer is to expand its multichannel offer by introducing collect in-store and home delivery services.
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NewsDunelm’s strengths are in the price
Value homewares specialist Dunelm has been a favourite in the downturn. Investors like its low-ticket offer and the retailer expects to land good property deals as a result of others’ struggles, aiding expansion.On Monday, UBS downgraded Dunelm from buy to neutral, because Dunelm’s shares had performed so well rather than ...
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Dune enters into talks with staff at Shoe Studio
Dune is in consultation with Shoe Studio staff as it seeks to slim down and integrate its newly acquired footwear business.
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Magnit profits double
Budget food retailer Magnit has reported that profits doubled last year.Sales at Magnit, which operates discounters and hypermarkets in the south and northeast of Russia, rocketed more than 40 per cent to $5.3bn (£3.79bn) from $3.7bn (£2.5bn). Magnit forecast that sales would increase 35 per cent this year.Chief executive Sergei ...
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Macy’s credit rating reduced to junk status
Macy’s had its credit rating reduced to junk status by ratings agency Moody’s.
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Slaters roll-out continues
Menswear retailer Slaters opened its 25th store in Swansea last week and said it believed customer service was key to riding out the downturn.
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NewsJD Sports launches discount clothing site
JD Sports Fashion this week launched its discount apparel site Getthelabel.com.