All News articles – Page 1891
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News
Alliance Boots and Co-op eyeing Rowlands stores
Alliance Boots and The Co-operative Group are understood to be considering buying some of the 500 stores of UK pharmacy chain Rowlands, which was put up for sale following the death of German business tycoon Adolf Merckle.
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B&Q pulls Olympics sponsorship
DIY retailer B&Q has terminated its sponsorship deal with the British Olympic Association because of the global economic downturn.
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JJB Sports heads for £10m loss
JJB Sports has warned it will make a loss this year of between 5m and 10m after tough trading conditions hit sales and gross margin.
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JJB chief executive's future in the balance as share transfer investigated
The future of JJB chief executive Chris Ronnie is hanging in the balance after the retailer launched an investigation into a transfer of his JJB shares.
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Ideal Shopping founders in bid to oust directors
The founders of Ideal Shopping Direct have demanded that a general meeting be convened to oust directors including chairman David Williams.
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DSGi restructures executive team
Electricals retailer DSGi has dramatically overhauled its executive team ahead of revealing what is expected to be its poorest Christmas trading performance since the last recession.
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Tesco market share falls as grocery market grows
The grocery market grew by 6 per cent in the 12 weeks to December 28 but Tesco's market share has fallen 0.6 percentage points compared with a year ago, according to figures from TNS.
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Sainsbury’s adds to convenience store portfolio
Sainsbury’s is to open a further five smaller-format stores by the end of March as part of its push into the convenience sector.
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Retailers to have upper hand in property talks
Retailers will continue to gain power in property negotiations this year, according to a report published this week by property agency King Sturge.
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BRC urges business rates freeze
The Government has come under fire this week for adding to retailers’ business rate burdens.
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Primark apologises to 'innocent employees' after BBC investigation
Primark has reiterated its stance on ethical business practices and expressed regret at the harm caused to staff employed by two of its suppliers, after the BBC showed video footage alleging it employed illegal immigrants in UK sweatshops.
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European grocery prices to fall this year
Grocery prices are likely to fall this year as food retailers react to the rise of discounters and lower oil and raw material prices.
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Jacques Vert like-for-likes drop 6.8 per cent
Womenswear retailer Jacques Vert has revealed like-for-likes dropped 6.8 per cent in the 26 weeks to October 25, with sales falling from 58.3m to 54.9m.
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Icelandic fund Kcaj faces administration
Icelandic investment fund Kcaj, which owns several chains including Jones the Bootmaker, Mountain Warehouse and Blooming Marvellous, could be put into administration this week forcing the sale of its stakes in the retailers.
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Topps Tiles like-for-likes plummet
Topps Tiles’ like-for-likes plummeted 18.1 per cent in the 13 weeks to September 28, 2008.
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Ideal Shopping beats Christmas expectations
Ideal Shopping Direct enjoyed a better than expected Christmas with like-for-like sales ahead of management expectations.
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Game like-for-likes up, profits expected to exceed expectations
Game has revealed like-for-likes jumped 11.4 per cent in the UK and Ireland for the 50 weeks to January 10 and the games retailer expects profits for the year to be ahead of expectations.
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Tesco unveils modest like-for-like rise
Tesco has revealed a 2.5 per cent UK like for like sales increase, excluding fuel, in the seven weeks to January 10.
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BRC: Worst December sales on record
Like-for-like sales were down 3.3 per cent year on year in December according to the BRC, the worst December result in the survey's 14 year history.
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Habitat appoints group chief executive
Levi Strauss Europe vice president of retail Mark Saunders has been appointed chief executive of Habitat.