All News articles – Page 1865
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Hotel Chocolat reinforces top team
Hotel Chocolat has strengthened its senior management team as it seeks to expand its business despite the tough climate.
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Selfridges stays cautious with staff pay freeze
Selfridges is imposing a pay freeze on all its staff as the upmarket department store chain takes a cautious approach to costs in light of the recession.
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Build-A-Bear lowers its entry price point
Toy specialist Build-A-Bear Workshop has lowered its entry price point to draw in customers in the downturn, as it revealed a robust full-year performance.
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Topman backs new music
Sir Philip Green’s men’s fashion chain Topman this week launched a music platform to showcase emerging and growing talents.
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Home Retail cuts 300 jobs at head office
Home Retail Group has made 300 redundancies across all functions at its Milton Keynes head office.
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Sterling's frailty poses threat to retail stocks
The impact of sterling’s collapse against the dollar threatens to end the retail sector’s share price rally within months.
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Morrisons: preliminary results next week
Morrisons posts full-year results next Thursday and profits are expected to come in at about 630m.
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Tesco opens its doors at Czech department store
Tesco opened its new-format department store in the Czech Republic city of Liberec last week.
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City remains cynical over retail despite recent rally in non-food
The likely longevity of retail’s recent rally was once again one of the big City talking points.
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DSGi calms fears as trial formats take off
DSGi is to revamp 100 stores this year after a successful trial and has played down speculation it is in danger of breaching banking covenants.
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Former Principles co-owner battles on to secure chain
The former management of fashion group Mosaic is understood to be working to ensure that former Principles co-owner Peter Davies is successful in his bid for the fashion brand.
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Praktiker cuts worker hours in attempt to stave off job losses
German home improvement retailer Praktiker has introduced shorter working hours in a third of its stores as it seeks to cut costs in the economic downturn.
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Dunelm stands by expansion plan after reassuring first half
Value homewares group Dunelm is ploughing ahead with expansion plans after posting robust first-half trading figures.
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Freemans Grattan cuts over 1,000 jobs
Home Shopping Group Freemans Grattan Holdings (FGH) is understood to have announced over 1,000 job losses after a business review.
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Interest rate cut to 0.5%
The Bank of England has cut the interest rate to a record low of 0.5 per cent.
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MFI leases cost Galiform £100m
The MFI leases that reverted back to former parent company Galiform when the furniture retailer collapsed last year have cost it nearly 100m.
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Net-a-Porter to launch discount site next month
Luxury e-tailer Net-a-Porter will launch its discount e-tail site theOutnet.com next month.
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Topshop wins favour in President Obama's house
Sir Philip Green’s US venture has been given a welcome boost as Prime Minister Gordon Brown’s wife gave Barack Obama’s daughters gifts from Topshop.
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Aurora seeks rent relief from landlords
Aurora, the new fashion group that owns Karen Millen, Coast, Oasis and Warehouse, is asking landlords of up to 90 of its stores to reduce their terms to prevent the closure of stores.
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Mulberry buoyed by UK Christmas sales
British luxury fashion brand Mulberry notched up stronger than expected sales over Christmas and the new year and expects its full-year financial performance to be ahead of market forecasts.