All News articles – Page 1853
-
News
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.
-
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 ...
-
News
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 ...
-
News
Ian Cheshire pledges B&Q China turnaround after sales slump
B&Q owner Kingfisher will “reinvent” its store model in China as it prepares to slash shop space in the country by 40 per cent.The home improvement group’s B&Q China arm, which made losses of £52m and experienced a 24 per cent decline in sales in the year to January 31, ...
-
News
Phones 4U reviews roles in service push
Mobile phones retailer Phones 4U has begun a consultation period with 290 in-store administration staff.The third-party mobile phone retailer, which has more than 450 stores in the UK, has proposed a restructure as it overhauls the way it operates its stores.Phones 4U said that it will relocate most of the ...
-
News
Ocado targets £3bn business as sales soar
Grocery e-tailer posts market-defying sales as it tackles pricing and range
-
News
Dreams defies furniture sector gloom with 18% jump in profits
Bed specialist Dreams has triumphed over grim furniture retail conditions by revealing an 18 per cent hike in operating profits to £14.4m in the year to December 25.Dreams said it was able to lift profits as a result of driving “significant economies of scale, despite the rising fuel and steel ...
-
News
Tesco trials packaging scheme
Tesco is trialling a scheme to give customers a chance to remove and leave excess packaging in store after they have purchased goods.
-
News
Topshop New York opens its doors
Topshop opens its doors today in New York with owner Sir Philip Green telling local reporters it is “the best store we have ever built”.
-
News
Waitrose to open in motorway service stations
Waitrose has struck a deal with motorway services operator Welcome Break to open two food shops at its sites.
-
News
Mike Ashley transfers his stake in Sports Direct
Sports Direct founder and chief executive Mike Ashley has transferred his entire stake in the sports retailer to a company wholly owned by himself.
-
News
Findel axes Cotswold Company and Letterbox
Home shopping retailer Findel has decided to shut down its Cotswold Company and Letterbox brands after the completion of its strategic review.
-
News
Mothercare storms ahead with strong international performance
Mothercare has revealed strong full-year sales, with a stellar performance from its international division.
-
News
UK household discretionary spend falling, says Asda
The average UK household had £131 a week of discretionary spend in February, 9.2 per cent less than a year earlier.
-
News
Topshop readies for New York opening
Topshop opens its first store in the US on Thursday as local press reports indicate that a nationwide expansion programme may follow.
-
News
Selfridges makes redundancies
Selfridges has made 12 head office positions redundant after a consultation period with 31 staff.
-
News
Asos gears up for launch of community site
Fashion e-tailer Asos is to invite a selection of customers to test its online community site Asos Life in the next two weeks as it gears up for the full launch later this month.
-
News
Kaupthing Sainsbury's shares sold
Around 27 million Sainsbury’s shares once owned by Icelandic bank Kaupthing were placed in the market yesterday.
-
News
Mike Ashley in frame for Chris Ronnie's JJB Sports stake
Former JJB Sports chief executive Chris Ronnie’s 23 per cent in JJB Sports is believed to have been sold to sports tycoon Mike Ashley.
-
News
Asda and Morrisons jostle for sales growth position
Asda has notched up record market share figures in the latest TNS Worldpanel grocery market share report.