All News articles – Page 1889
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Homebase in talks with restructuring specialists
Home Retail Group has approached restructuring specialists to review the store portfolio of its DIY chain Homebase, according to The Times.
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HMV arrives on live music scene with venues deal
HMV is to enter the live music arena by buying a 50 per cent stake in a joint venture with venue operator MAMA Group.
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John Lewis weekly sales up 3.5 per cent
John Lewis has reported another week of solid trading, with sales up 3.5 per cent.
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Co-op gets green light for Somerfield deal
The Office of Fair Trading (OFT) has said it will not refer Co-operative Group’s acquisition of Somerfield to the Competition Commission.
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Instore festive sales hit by Woolworths discounting
Value retailer Instore has reported like-for-like sales down 1.9 per cent for the five weeks to January 3 as it was hit by the heavy discounting at Woolworths in the run-up to Christmas.
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Land of Leather gets strong sale interest
Land of Leather has this week received 14 expressions of interest for its business and stores after the furniture retailer collapsed into administration on Monday.
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Sir David Jones signals end for JJB’s faltering lifestyle division
JJB Sports’ lifestyle division will cease to exist “within weeks” as executive chairman Sir David Jones ploughs ahead with attempts to turn around the embattled retailer’s fortunes.
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Asda merchandising team to up efficiency
Asda has revealed it is to create a merchandising department to drive efficiencies in its non-food business.
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NewsOriginal Factory Shop and TJ Hughes cash in on festive trading down
Discount retailers Original Factory Shop and TJ Hughes have delivered stellar Christmas results amid a challenging economic climate.
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Grocers fear shoppers’ job worries
Grocers Sainsbury’s and Tesco have warned that the fear of job losses will be one of the biggest challenges facing UK retailers this year.
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Blooming Marvellous on brink as Kcaj falters
The future of Icelandic fund Kcaj hung in the balance as Retail Week went to press and one of its investments, maternity chain Blooming Marvellous, was making a last-ditch attempt to find a buyer.
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East boss exits after Fabindia deal
East chief executive Andrew Webb has left the womenswear retailer following the acquisition of a 25 per cent stake by Indian retail giant Fabindia.
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NewsRaft of retailers snap up 300 Woolworths stores
Grocers, value retailers and fashion players are among those that have agreed deals to take on Woolworths stores.
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Aldi breaks into flower delivery market
Discount supermarket chain Aldi has this week launched a flower delivery website as it seeks to widen its offer in 2009.
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Waitrose to open 22 stores in 2009
Waitrose has bought a package of stores from The Co-operative Group and will create 4,000 jobs this year.
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Boots UK celebrates record Christmas
Health and beauty giant Boots UK enjoyed record Christmas sales up 3 per cent like for like in December, although like-for-like retail sales fell 1.7 per cent for the quarter.
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Mosaic to sell Shoe Studio following review
Mosaic has put its footwear brand Shoe Studio up for sale.
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New Look HQ moves to London to further global ambitions
New Look is to relocate its buying, merchandise and design teams to London to create a head office in the capital in a bid to become a global value fashion player.
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Primark first-quarter sales up 18 per cent
Primark has revealed that total sales grew in its first quarter, as it continued to open new space across Europe.
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NewsFat Face sales up on declining EBITDA
Earnings at fashion and lifestyle retailer Fat Face fell more than 4 per cent in the 26 weeks to November 29 despite sales growth of 1.8 per cent for the period.