All News articles – Page 1885
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WHSmith maintains margins in challenging trading conditions
WHSmith's like-for-like sales fell 5 per cent in the 20 weeks to January 17 but it has continued to maintain strong gross margins across the business.
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Stylo's future uncertain as it suspends shares
Shares in shoe retailer Stylo have been suspended as it explores options for the future of the business.
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Sofa Workshop sinks into administration
Sofa Workshop has plunged into administration, after last-ditch attempts to save the business failed.
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Spar prepares to launch Eurospar stores in Britain
Symbol group Spar is to bring its Eurospar format to mainland Britain after buying 11 Somerfield stores from the Co-op.
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UK in recession as ONS reports December retail sales value fall
The UK plunged into recession for the first time since the early 1990s, official figures confirmed this morning.
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Threshers confirms store sell-offs
First Quench Retailing – owner of Threshers, Wine Rack and The Local – has confirmed it is in negotiations with landlords to sell off unprofitable stores.
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John Lewis weekly sales up 4 per cent
Department store group John Lewis has continued its strong start to the year with weekly sales up 4 per cent.
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Debenhams appoints refinancing adviser
Debenhams has appointed financial adviser Lazard to look at options to revise the department store’s capital structure.
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Stylo's margins dented by downturn
Shoe retailer Stylo revealed margins continue to be affected by the downturn and the outlook for the company remains challenging.
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NewsRiver Island founder Bernard Lewis: Don't rely on government to get retail through this downturn
Bernard Lewis, founder of River Island and one of the most revered names in British fashion, has lent his weight to Retail Week’s Backing UK Retail campaign and blasted the Government for not understanding the industry.
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Troubled retailers close more than two in five shops
Financially troubled retailers have been closing more than two in five stores as the economic gloom on the high street deepens.
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Argos changes tack on prices
Catalogue store group Argos has jettisoned a long-standing element of its price promotion strategy and introduced a new marketing strapline to emphasise its value credentials.
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Insurance rescue plan falls short, claims BRC
Government plans to shore up businesses hit by the withdrawal of credit insurance cover should go further, say retailers.
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Fortnum & Mason eyes shop-in-shop empire in Japan
Iconic department store Fortnum & Mason is to expand its operations in Japan in a tie-up with local department store group Isetan.
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Next carves out shop space for Lipsy brand
Next is to carve out space in its Manchester store to open a shop-in-shop for its recently acquired young-fashion brand Lipsy.
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Flurry of interest for Marks & Spencer stores
Marks & Spencer has received a flurry of interest from retailers wanting to take over the stores it has earmarked for disposal.
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Uniqlo readies for concession debut in Selfridges
Uniqlo is poised to open its first concession at Selfridges on London’s Oxford Street next month.
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LK Bennett sets sights on UK and international expansion
LK Bennett executive chairman Robert Bensoussan has laid out plans to double the size of the business within five years.
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Abel & Cole targets the big four
Organic online grocer Abel & Cole is to ramp up its marketing this year to push its price credentials in the face of fierce competition from the big four supermarkets.
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NewsWyevale offers 3% wage rise to engage staff
Garden centre chain Wyevale is to give staff across the business a 3 per cent pay increase in order to motivate them.