All News articles – Page 1867
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DSGi to roll out new store formats
DSGi has revealed its store transformation programme is performing ahead of expectations and will roll out the new formats over the next 12 months.
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Analyst lambasts Sir Stuart Rose for making 'no financial progress' at M&S
Marks & Spencer must change its strategy in a “fundamental way”, close its Simply Food stores and open a new chain to attract young consumers if it is to thrive, a leading retail analyst has said.
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Tesco to create 200 jobs in financial services
Tesco will create more than 200 jobs in Edinburgh as it expands its financial services operation.
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BRC urges EU to cut VAT on more green products
UK retailers are urging the European Commission to lower VAT on energy-efficient household products on the day the Retailers’ Environmental Action Plan (REAP) is launched.
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Diamonds and Pearls falls into administration
Jewellery chain Diamonds and Pearls has fallen into administration, putting up to 300 jobs at risk.
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Smallbone suspends shares as it begins strategic review
Upmarket furniture retailer Smallbone has suspended its shares as it launches a strategic review of the business amid torrid trading conditions.
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280 Comet staff in consultation
Electricals retailer Comet has begun a consultation with 280 of its office-based staff as it consolidates its head office functions and closes four of its 18 service centres.
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Mosaic enters pre-pack administration
Mosaic Fashions has been put into pre-pack administration, with most of the group being sold immediately to Icelandic bank Kaupthing and Mosaic’s management.
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Sir Philip Green cites speed above price as key to fashion success
Sir Philip Green has said that speed and not price will be the key battleground when it comes to survival in the fashion market.
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Zavvi website relaunched as rights sold by administrator
Zavvi’s website has been relaunched today and is selling sportswear, lingerie and perfume alongside the entertainment items traditionally associated with the now defunct retailer.
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The Co-op completes its Somerfield deal
The Co-operative Group has completed its 1.6bn acquisition of the Somerfield supermarket chain.
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Oddbins suffers after collapse of wine supplier
High street off-licence Oddbins is suffering from a shortage of wine after French customs officials impounded stock following the collapse of its shipping company.
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Online sales will continue to buck economic gloom
Online sales in the UK are expected to continue to achieve steady growth of 6 per cent a year and hit 56bn by 2014, according to research company Forrester.
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EBTM suspends shares and applies to appoint administrators
EBTM, the music inspired fashion e-tailer, has today suspended its shares and applied to appoint administrators for the business.
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Mosaic set for pre-pack administration on Monday
Mosaic Fashions is due to enter a pre-pack administration process on Monday.
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Tax ruling goes against DSGi
Electricals group DSGi, owner of the Currys and PC World chains, has had a tax ruling made against it.
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Elvi put into administration
Womenswear chain Elvi has been put into administration and confirmed redundancies after the plus-size fashion specialist was hit by financial difficulties.
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Waterford Wedgwood bought by US private equity firm KPS
Waterford Wedgwood’s UK and Irish business has been sold to US private equity firm KPS.
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Body Shop cuts jobs after business review
Ethical cosmetics retailer Body Shop will axe up to 275 staff following a review of its business.
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Retail administrations drive high street voids as high as 15%
Average retail voids have reached 11.2 per cent and are as high as 15 per cent in the worst hit areas, according to a report by property agent Cushman & Wakefield.