All News articles – Page 1852
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NewsFenwick's eye for ladies
Department store group Fenwick has begun revamping its womenswear level on the first floor of its London Bond Street store.The overhaul, led by design consultancy Studio db, aims to maintain a boutique feel for Fenwick’s classic contemporary and niche brands.The project is part of a wider plan announced last summer ...
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Westfield falls short of Next’s expectations
Next chief executive Simon Wolfson said that its Westfield London shop has so far performed below expectations and that the scheme has had less of an impact on its West End shops than it anticipated.Wolfson said Next, which this week reported like-for-like sales down 6.5 per cent in the full ...
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Jysk makes early loss in UK but trading on the up
Jysk made a pre-tax loss of £1.9m in its first five months of operating in the UK due to the impact of start-up costs but said trading is “very good”.In the five months to August 31, 2008, the UK arm of the Danish furniture giant made sales of £1m in ...
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John Lewis makes marketing director redundant
John Lewis has streamlined its management team in a bid to accelerate decision-making decisions at the department store chain.
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Diamonds & Pearls negotiates on rents as it readies for expansion
Jewellery retailer Diamonds & Pearls is in talks with landlords to secure new terms as it primes itself to become a 100-strong store chain by the end of the year.The retailer was bought out of administration last month by a consortium of undisclosed suppliers to the retail jewellery trade. The ...
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NewsRetailers unconvinced rate deferral is enough
Darling’s 11th-hour move only grants temporary relief, top retailers argue
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Hobbs profits decline
Upmarket fashion retailer Hobbs has revealed full-year pre-tax profits slid from £21.3m to £18.8m, on sales up 3.6 per cent to £101.6m.
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Ferrari finally makes UK debut on Regent Street
Ferrari is due to open its much-delayed first UK store on London’s Regent Street today.The 5,920 sq ft shop, covering two floors, will stock merchandise ranging from a £3 branded key fob to a Ferrari car.The ground floor features a glazed floor, allowing views of the basement and providing a ...
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Hobbs to pilot mother and daughter format
Upmarket fashion retailer Hobbs is to try out a new fascia for a range targeting mothers and daughters in the autumn.The contemporary womenswear range, called NW3, is designed to attract a broader shopper base and lapsed Hobbs customers. It has been spearheaded by former Jaeger creative director Sandy Verdon, who ...
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Signet to cut costs as it tries to tackle debts
Jewellery giant Signet has outlined plans to slash costs and more than halve its debt.The retailer, which operates fascias including H Samuel and Ernest Jones in the UK and Kay Jewelers in the US, said it will cut costs by $100m (£69.9m) in the US and aims to reduce net ...
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Robert Dyas considers debt-for-equity swap
Hardware retailer Robert Dyas is considering a debt-for-equity swap with its bank Lloyds.It is one of several options being assessed by the retailer’s owner, private equity firm Change Capital, as it seeks to navigate the downturn.Sources close to the situation said the idea does not mean that the retailer is ...
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NewsFigleaves to expand its offer with clothing range
E-tailer Figleaves is to expand beyond lingerie with the launch of a clothing range next week after a £1m investment to build its offer.
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DSGi to close its loss-making Nordic stores
DSGi will shut its loss-making Finnish chain Markantalo and Swedish chain PC City.The retailer is in negotiations to close 19 out of 23 stores under the Markantalo fascia, which was acquired in December 2005 for £33.6m. The remaining four shops will convert to Gigantti, the 26-store Finnish equivalent of DSGi’s ...
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NewsRetailers and landlords join forces to cut service charges
A consortium of some of the country’s top retailers and landlords has produced guidelines for landlords laying out ways they can cut retailers’ service charge bills by up to 20 per cent.
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NewsClinton Cards’ lending terms revised
Clinton Cards has insisted it will ride out the downturn as it renegotiated its lending terms and paid its quarterly rent bill in full.The retailer also said it has noticed an “upside” from the demise of Woolworths and Celebrations, and that its Birthdays chain in particular “picked up a bit” ...
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Marks & Spencer mid-season Sale begins tomorrow
Marks & Spencer’s mid-season Sale will begin tomorrow, when prices on selected lines will be cut by as much as 50 per cent.
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Tesco gears up for in-store banking
Tesco is to install private consul-tation rooms in its banks as it prepares to open 30 branches in stores by the end of this year.The grocer will have representatives at its banks to talk customers through finance offers. A spokeswoman said the consultation rooms will “give customers privacy” as they ...
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Theo Fennell brings back old boss as chief executive exits
Theo Fennell has re-instated its old boss Barbara Snoad after parting company with chief executive Pamela Harper who joined the luxury jeweller in 2007.
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NewsLaura Ashley remains resilient
Fashion and homewares group Laura Ashley claimed a “resilient” performance despite suffering a fall in full-year profits from £15.8m to £9.6m.Promotions and the weakness of sterling sliced 2 percentage points off gross margin, but the retailer generated a 9.6 per cent rise in total group sales to £260.5m in the ...
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Analysis: Inditex’s Euro strongholds give it the edge over H&M
Fashion giants Inditex and H&M reported solid results last week, but as the global downturn continues to deepen both retailers need to remain at the top of their game. While both are formidable players, some argue that H&M faces more challenges than its rival Inditex.The Spanish giant – owner of ...