All News articles – Page 1851
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NewsPeacocks sales soar
Peacocks reported a surge of 8.3 per cent in like-for-like sales in the 14 weeks to March 28 after benefiting from its value position.
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NewsCVA approved for Miss Sixty stores
Sixty UK, the trading company for the Miss Sixty and Energie clothing brands in the UK, will be bought out of administration within the next month.Around 250 jobs will be saved as creditors and shareholders complete a company voluntary arrangement (CVA). It is thought to be the first successful completion ...
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NewsM&S latest retailer to clothe the Obamas
Marks & Spencer is the latest retailer to clothe the family of US President Barack Obama.While the Obamas are in the UK for the G20 summit, Prime Minister Gordon Brown’s wife, Sarah Brown, has reportedly given Michelle Obama gifts bought from M&S for her children. The items included t-shirts, jeans, ...
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NewsArgos launches entertainment website
Argos has launched an entertainment website selling 125,000 CDs and DVDs.Argosentertainment.co.uk is separate to the retailer’s main site and will enable it to “enter a popular market and offer a large choice of CDs and DVDs to customers shopping online”.Games will not be available on the site, but can be ...
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High street like-for-like sales rise in March
Retail like-for-like sales rose by 1.3 per cent in March, according to the BDO Stoy Hayward High Street Sales Tracker.It was only the third time in the past 12 months that sales entered positive territory, and the homewares category advanced for the first time since June 2008 with a 5.7 ...
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NewsJohn Lewis department stores report ‘strongest week’
John Lewis department stores delivered their strongest performance of the first half so far in the week to March 28, when sales fell 2 per cent.
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NewsTopshop New York
The long-awaited launch of Topshop’s New York flagship took place this week when owner Sir Philip Green and supermodel Kate Moss led the opening of the store.The four-storey shop opened in New York’s SoHo district to huge PR fanfare with a host of celebrity guests.Green ...
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NewsLloydspharmacy to save on outsourced IT
Lloydspharmacy parent Celesio is to save up to €200m (£186.2m) by outsourcing the group’s IT infrastructure.The UK pharmacy chain’s IT infrastructure will be outsourced to HP as part of a seven-year deal. German parent Celesio wants to standardise and centralise its IT infrastructure across Europe.Celesio has begun the transition phase, ...
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International news
US Health and beauty giant Walgreens reported net earnings for the second quarter ending February 28 down 6.7 per cent to $640m (£450.5m). Total sales increased 7 per cent to $16.5bn (£11.6bn), while comparable store sales rose 1.3 per cent.Prescription sales, which accounted for 63 per cent of the total, ...
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NewsH&M London stores refresh
The fashion giant has re-engineered two of its busiest London stores to add space and introduce design elements to improve the shopper experience.Last week H&M completed its new-look Oxford Circus shop; this week it will unveil its refreshed Covent Garden store, to which it has added a new floor.H&M managing ...
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News‘Hard work pays off’ as M&S trade picks up
Marks & Spencer boss Sir Stuart Rose has played down any long-term threat to businesses such as his own from purely price-led retailers as the M&S posted better than expected fourth-quarter figures.Looking past the credit crunch, Rose said: “Those retailers with a point of difference, ...
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NewsWHSmith makes a grab for pick ’n’ mix market
WHSmith is testing pick ’n’ mix sweets in stores to cash in on a much-loved part of defunct retailer Woolworths’ offer.The books-cum-stationery retailer already stocks confectionery and now wants to tap into the £300m pick ’n’ mix market.A WHSmith spokesperson said: “WHSmith is trialling pick ’n’ mix in a small ...
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NewsM&S rounds off good week for retail stocks
Marks & Spencer spearheaded an advance by retail shares on Tuesday, when its fourth-quarter numbers defied downbeat expectations.The retail sector rose 6 per cent on the day, when there was also the successful refinancing of Clinton Cards and placings of Debenhams and Sainsbury’s shares. Improving sentiment towards retailers helped the ...
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NewsValue stance pays off as George volumes rocket
Asda brand a step closer to taking top spot by 2011 as volume growth outpaces the market
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Game streaming service threatens the specialists
Video game specialists are likely to come under threat as a new online game distribution system emerges from the US.Onlive allows players to stream high quality on-demand games onto any Intel-based Mac or PC running XP or Vista. Games do not have to be downloaded and no specific console hardware ...
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Gap signs for first store in Republic of Ireland
US fashion retailer Gap has signed for its first store in the Republic of Ireland, in Dundrum Town Centre shopping centre in Dublin.
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John Lewis Partnership reports sales fall
The John Lewis Partnership suffered a sales fall last week at its eponymous department stores and supermarket chain Waitrose.
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Primark to face protests outside Oxford Street store
Primark will face a demonstration outside its flagship Oxford Street store in London on the eve of its second anniversary as part of a protest against sweatshop labour.Models dressed in chains from campaign group No Sweat will walk up and down a catwalk outside the store tomorrow from 2.30pm, calling ...