All News articles – Page 1858
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Harvey Nichols profits slide as downturn hits wealthy
Despite difficult trading conditions, Harvey Nichols chief executive Joseph Wan sees opportunities to take advantage.
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NewsCredit insurance fury reaches boiling point
Retailers are turning the heat up on the Government to intervene in the credit insurance crisis.
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John Lewis Partnership sales pick up
Sales at department store John Lewis in the week to March 14 dropped 4.1 per cent to 45.1m.
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Kaupthing takes stake in Mulberry
Kaupthing Bank Luxembourg, a subsidiary of the Icelandic bank, is understood to have bought retail entrepreneur Kevin Stanford’s stake in Mulberry.
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Robert Dyas appoints turnaround specialist
Hardware retailer Robert Dyas has appointed a turnaround specialist, fueling further speculation about the chain's financial stability.
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Website of the week: remix.bestbuy.com
Best Buy may be delaying its UK debut, but it got a lot of attention this week when it formally launched Best Buy Remix, a long-promised service that lets third-party web developers create new ways of displaying the retailer’s product catalogue online.
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Retail stocks pick up in line with market
Retailers were popular as the market rose generally. Value opportunities, defensive stocks and riskier turnaround situations were all in vogue – only nine main market-listed store groups lost value over the week.
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Home Retail profits hold up but outlook tough
Home Retail Group surprised the City with better than expected sales at flagship business Argos, but reported gross margins on the slide and a difficult outlook.
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Gap chief admits errors but says change is afoot
Rather than blame all his woes on the economic downturn, Gap chairman and chief executive Glenn Murphy admitted the retailer has made business errors that contributed to a loss of market share for the past five years.
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Flying Brands profits dive 53% after punishing year
Pre-tax profits at home shopping specialist Flying Brands’ ongoing operations plummeted 53 per cent to 1.5m last year.
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Möben owner kicks off spring marketing campaign
HomeForm this week launched its biggest ever in-store spring marketing campaign for its three brands M ben Kitchens, Sharps Bedrooms and Dolphin Bathrooms.
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Ted Baker is still on the right course
Idiosyncratic fashion retailer and brand Ted Baker reveals full-year numbers on Wednesday.
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Morrisons wins Retailer of the Year for second year running
Morrisons was again named Retailer of the Year last night at the Oracle Retail Week Awards .
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NewsSir Stuart Rose: my legacy to M&S
Marks Spencer executive chairman Sir Stuart Rose told the Retail Week Conference that he had three objectives. “I’d like to see the business have a clear passage through the slowdown, to have a coherent plan for here and overseas and a seamless and successful transition to new leadership,” ...
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Smallbone bought out of pre-pack administration
Luxury homewares and furniture retailer Smallbone has been put into pre-pack administration and bought by Canburg, a company owned by Leo Caplan.
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A happy customer is a spending customer
A happy customer is a spending customer Focus your resource on pleasing your customers whilst limiting the barriers to their spending and your sales line will reap the benefits. 14.25 Panel discussion Gearing up your stores for service and sales Selling solutions, not products: offering an end-to-end service ...
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NewsThe challenges of the crunch
Three emerging retailers have been discussing the opportunities and challenges of growing a retail business, particularly in the present challenging economic conditions.
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Brian Brick appointed chief executive of Moss Bros as SRG restructures
Moss Bros has announced that Brian Brick has been appointed chief executive.
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NewsRecession and threat of regulation could boost responsible retail
Co-op head of sustainable development Paul Monaghan said the recession is “heaven sent” in terms of curbing the radical economic growth that was destroying the environment.
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NewsRetailers should continue to expand abroad
Retailers should continue to invest in overseas expansion in spite of the recession, according to key retail chiefs.