All News articles – Page 1884
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Asda to create 7,000 jobs
Asda will create 7,000 jobs this year, which will include taking on 3,000 of the UK’s long-term unemployed.
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Vulture funds circle UK retailers
UK retail is among the sectors likely to be most actively targeted this year by so-called vulture funds that invest in distressed companies.
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Pre-packs to be policed more actively, regulator warns
Pre-pack administrations, the controversial insolvency process that has been deployed by several troubled retailers, will be more closely scrutinised by regulators in future.
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John Lewis beta tests Cisco green networking system
John Lewis has participated in a beta testing phase for Cisco networking technology that can help cut power consumption of IT.
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Marks & Spencer to roll out SAP Retail with help from IBM
Marks & Spencer is to introduce a set of applications from SAP Retail to its business to reduce costs and improve operating efficiencies.
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Gamestation consults staff ahead of central office merger
Game has begun a consultation process with 80 of its Gamestation staff at its head office in York as it realigns its management across the group.
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Retail Trust raises over £1m
Retailers came out in force last night to lend their support to retail charity The Retail Trust and raise nearly 1.1m at its glitzy London ball.
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West End scheme draws three retailers
Three retailers are to open their doors at Kingly Court off London’s Carnaby Street.
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Tesco eyes west London cinema for development
Tesco has submitted plans for a mixed-use scheme in Greenford, west London. The development would bring a 59,000 sq ft (5,500 sq m) Tesco and restore part of the listed building formerly occupied by a Granada cinema.
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Shopping centre openings propel city ranks
Major shopping centres that opened last year have led to unprecedented changes in the rankings of the UK’s top retail destination, according to a report released last week.
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Retail sales plummet in early January, CBI figures show
Nearly two thirds of retailers experienced a fall in sales volumes in the first half of January, and February is expected to be just as tough.
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Tesco appoints group finance director
Tesco has appointed Laurie Mcllwee as its new group finance director with effect from January 27.
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Ocado secures £10m Sharia'a financing
Online grocer Ocado has secured a 10m financing facility, raised using Sharia’a financing.
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ProCook to close all high street stores
Kitchenware retailer ProCook is to close all its high street stores as it focuses on internet sales and factory outlet stores after being bought out of administration last year.
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Comet presses suppliers to pay for shopfloor displays
Electricals retailer Comet has told suppliers they must pay up to 15,400 to have each of their product lines displayed on the shopfloor.
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Further store closures for Adams
The administrators to Adams have closed a further 36 stores after reviewing the childrenswear retailer’s operations.
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Redundancy fears at Fortnum & Mason as it consults staff
Iconic Piccadilly department store Fortnum & Mason is to enter in to a consultation period with its 530 staff as it anticipates a “particularly tough” 2009.
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Barratts and Priceless Shoes go into administration
Shoe retailer Stylo's Barratts and Priceless Shoes have gone into administration.
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Land of Leather closes 33 stores
Land of Leather is to close 33 stores after it collapsed into administration earlier this month.
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Asda: UK households £4 a week worse off
UK households are 4 a week worse off than a year ago and further pressure is likely to be piled on throughout this year, according to Asda's income tracker.