All News articles – Page 1906
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Supermarkets pull Irish pork products from shelves
Supermarkets have had to pull products containing Irish pork from shelves after a contamination scare.
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Ex-Kroll chief David Buchler circles Woolworths
David Buchler, former chairman of the European division of turnaround specialist Kroll, has emerged as the latest potential bidder for Woolworths.
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Carphone Warehouse co-founder resigns after shares controversy
Carphone Warehouse co-founder David Ross has resigned after it was found he was using his shares in the retailer as security for personal loans.
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Woolworths: 450 redundancies among head office and support staff
Woolworths’ administrator Deloitte has made 450 head office and support staff at the retailer redundant.
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90% of Christmas shoppers to go online
This year 90 per cent of shoppers will turn to the internet to research and buy their Christmas gifts.
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John Lewis lifted by early VAT cut
John Lewis has reported strong trading on last Friday and Saturday, when it reduced prices early to reflect this Monday's VAT reduction.
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Primark hits back at War on Want demonstrators
Primark will this morning defend itself from charity War on Want's claims that workers producing its clothes face growing poverty as a result of meagre pay.
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Tesco opens 100th store in Turkey
Tesco has today opened its 100th store in Turkey, just five years after entering the market when it bought a chain of five hypermarkets.
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Virgin Group caught up in Woolworths' collapse
Sir Richard Branson's Virgin Group is reported to be embroiled in the collapse of Woolworths through the music chain it sold to the management more than a year ago.
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Treasury's Paul Myners: No action on retail's credit insurance woes
Financial Services Secretary Lord Myners has rejected a call for action on retailers’ credit insurance difficulties but will monitor developments.
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Gap sales continue to fall
Sales at US fashion giant Gap have continued to fall, with total sales in the four weeks to November 29 down 10 per cent to US$1.39 billion ( 949.7 million).
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Woolworths to launch 'Biggest Ever' Sale on Friday
Updated: Woolworths is planning to hold a 'Biggest Ever' Sale on Friday, in a move that will intensify the price war on the high street.
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Asda reveals strong November sales
Asda has said it has delivered another strong month of sales in November with core food categories all performing well.
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Landlords offer olive branch on service charges
The landlords’ trade body the British Property Federation has called on its members to keep service charges down for retail tenants.
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Westfield triggers fury as fit-out incentives withheld
A new row has broken out between retailers and developer Westfield, this time with retailers alleging that the Australian developer is unfairly withholding promised contributions to store fit-outs.
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Rising wage bill slashes Belgian grocer’s profits
Belgian discount supermarket Colruyt has reported that its first-half profits came in below expectations as energy and staff costs hit margins.
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Thanksgiving spend gets 7.2 per cent lift
Deep discounting by US retailers lured shoppers into stores for the start of the country’s crucial Thanksgiving Sales last weekend.
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Clas Ohlson makes its UK debut in Croydon centre
Swedish hardware retailer Clas Ohlson has opened its first UK store, dubbing itself a “really useful shop”.
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Kingfisher update welcomed despite a nosedive in profits
The City welcomed a better-than-expected third-quarter performance from DIY group Kingfisher despite a fall in retail profit and continuing problems in China.
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DSGi vows to beat the crunch as it posts loss
DSGi chief executive John Browett has been examining the impact of recessions as far back as 1929 to learn lessons about surviving the toughest of times.