All News articles – Page 1886
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Sainsbury’s head office jobs to go in shake-up
Sainsbury’s has restructured its head office central support teams in a move that could lead to up to 300 jobs being axed.
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Kaupthing insists Mosaic will remain fashion powerhouse
The Icelandic government and administrator Ernst & Young – which now control Kaupthing’s UK retail assets – are determined to maintain Mosaic as a portfolio of fashion brands despite its plans to sell Shoe Studio.
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Circuit City stores close as business liquidated
Circuit City has become the US’s largest retail victim of the global downturn, leaving 34,000 staff jobless as all 567 stores close.
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Overseas growth expansion to drive N Brown growth
Home shopping group N Brown has pushed the button on international expansion and hopes to generate 10 per cent of sales from overseas.
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Fund set up to back retailers of the future
A consortium of retail entrepreneurs has united to create an investment fund to support fledgling UK retail businesses.
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Blackwell creates wholesale arm
Academic books retailer Blackwell is venturing into the wholesale arena with the launch of a new division to drive sales of its own-brand products.
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Retail stocks rally, but analysts warn it's too soon for optimism
Sighs of relief that retailers’ Christmas performance was no worse than feared have helped store stocks rally in the new year, but some analysts fear optimism may be premature.
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Sainsbury’s could suffer as price wars hit margins, analyst warns
Aggressive grocery promotions threaten food retailers’ margins, broker Blue Oar warned after conducting a price survey.
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Carrefour loses out to rivals with weak Q4 sales growth
Carrefour has posted its slowest quarterly sales growth in five years and been outperformed by its European counterparts.
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Harrods chief executive makes surprise exit
Harrods chief executive James McArthur has left the business after less than a year in the role.
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Greenwoods in talks with Chinese investor over rescue deal
Menswear chain Greenwoods has filed a notice of intention to appoint administrators.
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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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Short selling on retail stock doubles
Short selling positions on retail shares have almost doubled between November and January, as investors bet on further misery for the sector.
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Sir Tom Hunter slams Flying Brands management
Sir Tom Hunter has lambasted the management of Flying Brands and said he will take a more active role in the future of the home shopping group following yesterday’s profits warning.
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Threshers considers 'hundreds' of store closures
The owner of Threshers is locked in talks with landlords about closing unprofitable stores.
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Morrisons enjoys strong Christmas
Morrisons has unveiled a market-beating Christmas sales performance, with like-for-like sales up 8.2 per cent excluding fuel in the six weeks to January 4.
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New chief executive for Best Buy as Brad Anderson retires
Brian Dunn has been named chief executive of Best Buy after vice president and chief executive Brad Anderson announced his retirement from the electricals retailer.
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Somerfield posts strong Christmas
Grocery chain Somerfield performed well over the Christmas period, with like-for-likes excluding fuel jumping 3.7 per cent in the 3 weeks to January 3.
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Sainsbury's jobs to go in head office restructuring
Sainsbury’s is to restructure its London head office which could lead to up to 300 jobs being cut.
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New Look refines IT to back growth plan
New Look is poised to go live with the final stages of a project to improve the business processes within its buying and merchandising department.