All News articles – Page 1896
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Debenhams produces resilient Christmas showing
Debenhams has reported a solid Christmas performance, with like for likes down 3.3 per cent in the 12 weeks to 3 January. Total sales were up 1.1 per cent.
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Next sales fall
Next's like-for-like retail sales fell 7 per cent between July 29 and December 24, with total group sales down 1.9 per cent.
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Viyella in talks over future of business
The future of iconic womenswear retailer Viyella hung in the balance today amid speculation the company is facing financial difficulties.
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Negative trading statements soar in fourth quarter
Stores unveiled a record number of negative trading updates during the the fourth quarter of 2008 – a figure that has only ever been equalled in the first quarter of 2005.
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Adams to close 111 stores
Adams Childrenswear will close 111 stores today, creating 850 redundancies, following the collapse of the retail chain.
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John Lewis Christmas like-for-likes flat
John Lewis has revealed that total sales rose 2.4 per cent excluding VAT and like-for-likes remained flat in the five weeks to January 3.
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Passion for Perfume collapses into administration
Update: Perfume retailer Passion for Perfume has been placed into administration.
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Wedgwood falls into administration
Ceramics and crystal retailer and wholesaler Waterford Wedgwood has entered administration.
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Retail rents fall for first time in 15 years
Retail rents fell for the first time in 15 years in 2008 and are not expected to return to growth until 2013.
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Mosaic in talks to secure its future
Fashion group Mosaic is to begin talks with its lenders in an attempt to secure the future of the business.
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Asda's George launches £20 City suit
Asda’s clothing brand George has launched a City suit for women costing just 20.
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Liberty reveals robust trading update for 2008
Iconic London department store Liberty has revealed that sales for the first 10 months of 2008 were ahead of comparative trading levels.
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Blooming Marvellous on the brink of administration
Maternity specialist Blooming Marvellous is the latest retailer to be teetering on the brink of administration, according to reports.
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Woolworths' lenders to rake in cash after retailer's collapse
Woolworths’ lenders are in line to receive millions of pounds in fees following the collapse of the retailer.
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M&S expected to report worst Christmas trading in a decade
The new year will bring little cheer for retailers with Marks & Spencer expected to report its worst Christmas trading performance in a decade.
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Sir David Jones becomes executive chairman of JJB
Sir David Jones has been promoted to executive chairman of beleaguered sports retailer JJB, and Peter Williams is joining as an executive director.
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Asda kicks off supermarket price war
Asda has this morning kicked off a supermarket price war, reducing the prices of over 1,000 essential items.
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Woolworths store closures delayed
The closure of 200 Woolworths stores which was due to take place today has been delayed by a day.
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Waitrose Christmas week sales up 40 per cent
Waitrose recorded a sales increase of over 40 per cent in the week to December 27, while sales fell at most of sister department store chain John Lewis's stores.
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Adams in administration
PriceWaterhouseCoopers has been appointed administrator to the UK's largest independent childrenswear retailer, Adams.