All News articles – Page 1878
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Retail like-for-likes up 1.1% in January
Like-for-like retail sales figures rose 1.1 per cent in January, the biggest increase since May, although the outlook remains 'challenging'.
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Tesco staff share £126m savings payout
Tesco staff are to share in a 126m payout from its Save as You Earn share scheme.
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Marks & Spencer plans exhibition for 125th anniversary
Marks & Spencer is to showcase highlights of its history at the University of Leeds as it celebrates its 125th anniversary this year.
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DSGi reported to be preparing rights issue
Electricals giant DSGi is reported to be preparing for a rights issue to raise hundreds of millions of pounds for its struggling business.
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Baugur's retail stakes stir interest
Retail investors including Sir Philip Green and Dragon’s Den star Theo Paphitis have been named as likely interested parties for Baugur assets, after its UK subsidiary was placed into administration at the close of last week.
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Austin Reed buys Viyella out of administration
Womenswear chain Viyellla has been bought out of administration from Austin Reed.
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Tesco launches £9 Valentine's Day promotion
Tesco is to take on Marks & Spencer with its Valentine’s Day luxury meal promotion, offering a meal for two for 9.
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Baugur in administration
Updated: Baugur’s stakes in retailers House of Fraser, Hamleys, Aurum and Iceland have been placed in to administration.
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Smallbone secures £5.9m financing package
Luxury furniture retailer Smallbone has secured a 5.9m financing package after revealing it had a challenging fourth quarter in 2008.
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Glitnir makes demands on Baugur; buyers circle Hamley's
Nationalised Icelandic bank Glitnir has demanded repayments from beleaguered Icelandic investor Baugur, as tensions between it and its lenders intensify.
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Monsoon looks overseas as UK market weakens
Monsoon founder Peter Simon said that the fashion retailer's first set of results since he took it private last year were encouraging given the tough trading conditions.
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John Lewis sales down in last week of January
John Lewis has reported that sales slipped in the last week of January, but stressed that the month as a whole had been “hugely fruitful”.
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Tesco develops new department store format for Czech Republic
Tesco is to open a department store under a new fascia in the Czech Republic at the end of February.
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Traditional home shopping retailers fail to engage customers
Catalogue operators are failing to fully engage with customers, as the home shopping sector continues to change gear to an increasingly online-dominated market.
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Baugur in meltdown
Baugur’s tangled web of retail investments will move closer to unravelling today as the investor begins a moratorium process likely to lead to administration.
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Baugur: Retailers' hopes high for high street future
The retail industry has reacted with a degree of optimism that the demise of Baugur could signal the end of months of uncertainty for its brands and ring in positive changes to the high street.
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Buyers eye Baugur chains as investor's fate unclear
Arcadia owner Sir Philip Green is in a “position to buy” assets that may come into play as a result of Baugur’s likely administration.
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Baugur's interests hang in the balance
Uncertainty hung over the future of Baugur’s interests in quoted companies after the investor was placed in the Icelandic equivalent of Chapter 11.
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Retailers abandon expansion plans as Indian market sours
International brands’ aggressive expansion into India has hit the wall as Indian retail companies encourage their foreign partners to put roll-out plans on hold.
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Clinton Cards enters talks to refinance
Clinton Cards is in informal discussions with its lenders as it seeks to renew its revolving credit facilities.