All News articles – Page 1854
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Government defers 5% business rates rise
Chancellor Alistair Darling has modified plans to increase business rates by 5 per cent tomorrow.
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Council offers free parking on high street
Kensington and Chelsea Council is offering free parking to shoppers every Saturday in April.
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HSBC places stake in Debenhams
Updated: HSBC has placed a 13.1 per cent stake in Debenhams, previously held by collapsed Icelandic investor Baugur.
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Nevada Bob's UK bought out of pre-pack deal
Golf equipment retailer Nevada Bob’s UK has been bought out of pre-pack administration by its US parent company RCD Investments No.4.
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Clinton Cards profits slump but banking facilities renegotiated until 2012
Clinton Cards’ profit has plummeted but the retailer has successfully renegotiated its banking terms, which will be extended until January 2012.
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M&S sales fall but outperform expectations
Marks & Spencer has reported like-for-like sales fell 4.2 per cent in its fourth quarter, but the retailer’s performance was better than feared.
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Lanvin, Mayfair: come the retail revolution...
French luxury brand Lanvin opened a store on the highly exclusive Mount Street in Mayfair on Friday and it was a good-looking shop… of its type.
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M&S shareholder calls for new chairman within 15 months
A major Marks & Spencer shareholder has called on the retailer to appoint an independent chairman within 15 months.
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Best Buy has better than expected start to the year
Best Buy’s like-for-like sales fell around 2.5 per cent for both January and February, up from a 6.8 per cent drop in December.
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New Waterford Wedgwood owner to invest €100m
The new owners of crockery and glassware company Waterford Wedgwood will pump €100m ( 92.5m) into the business and embark on an aggressive growth strategy.
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Row breaks out over Chris Ronnie's exit from JJB
Chris Ronnie's exit from JJB Sports could be scrutinised in the law courts after a row broke out on whether he jumped or was pushed from the company.
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Three more retailers on board at St David's 2
Three retailers have signed up for space at St David’s 2 in Cardiff.
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Jessops wins concessions on swathe of properties
Jessops renegotiated rental terms with half its landlords by Wednesday’s quarterly rent day, which was the retail sector’s toughest payment day in 18 years.
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Bid talk lifts Topps Tiles shares ahead of update
Topps Tiles’ share price climbed last week as bid speculation swirled around the retailer.
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Value-hungry shoppers power Q4 sales gains at Sainsbury’s
Sainsbury’s chief executive Justin King said the grocer is catering better for customers than some rivals as he revealed strong fourth-quarter sales.
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Ideal Shopping Direct chief upbeat despite rocketing costs
Ideal Shopping Direct will book a higher than expected cost hit of 9.2m as the new management abandons elements of the old leadership’s strategy.
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Woolworths South Africa attuned to social change
It may have disappeared from the high street here, but elsewhere the Woolworths name is alive and well. In South Africa, under Englishman Andrew Jennings, it is a 400-store business that bears similarities to Marks & Spencer.
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Shoppers lap up Tesco's increased local produce
Tesco has revealed sales of locally sourced products have soared 30 per cent in the calendar year to date.
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Operating in a downturn: strategies for success
It’s not all doom and gloom. The big hitters had lots of practical insight into surviving the crunch at this year’s Retail Week Conference. We summarise some of the hot topics discussed at the event
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Spectre of deflation looms as Retail Price Index falls to zero
The stores sector faces deflation after the Retail Price Index (RPI) fell to zero last month for the first time in nearly half a century.