All News articles – Page 1907
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Findel: The City view
The home shopping group delivered interim benchmark pre-tax profits of 7 million – down from 8.5 million last time – on sales up 1 per cent to 294.7 million.
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Sector’s share price flutter gives City little reason for excitement
The stores sector shrugged off the collapse of Woolworths and continued concern about the trading outlook to outperform the FTSE All Share index.
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B&Q abandons customer mag to up TV ads
B&Q has ditched its customer magazine as it ploughs more of its marketing spend into TV advertising.
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Republic stands by growth plans despite market
Branded young-fashion retailer Republic remains committed to its expansion plans despite the toughening market conditions.
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Phones 4U to take on games with new site
Mobile phone retailer Phones 4U is making a play for the games sector by launching a web site devoted to games and consoles.
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Reiss to review price points as profits fall
Reiss is considering dropping its entry price points as it seeks to attract more customers after suffering a fall in UK operating profit.
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Theo Paphitis pulls out of Woolworths bid
Retail entrepreneur Theo Paphitis has pulled out of bidding for variety store group Woolworths, which was placed in administration last week.
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Shoppers put back festive buying as they hold out for further Sales
Shoppers have shifted their Christmas buying habits and saved the majority of their shopping this year for December.
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Last-ditch attempts made to save EUK as supply dries up
Desperate attempts were being made as Retail Week went to press to provide a payment guarantee on behalf of EUK, the Woolworths-owned entertainment supplier, enabling it to resume trading.
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Home Retail prepares to launch clearance site for cut-price sofas
Home Retail Group is to launch a standalone clearance web site offering “massive discounts” on sofas.
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Hamleys enters discount battle to fight Westfield
Hamleys is offering a 20 per cent discount for early-bird and late night shoppers to counter what it calls the “Westfield effect” on its footfall.
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BRC lambasts proposed rise in minimum wage
Retailers fear above-inflation minimum wage increases being suggested to the Low Pay Commission this week could lead to further job losses in the sector.
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Tesco introduces Direct kiosks in Metro stores
Tesco has begun testing its non-food Tesco Direct offer in its small-format city centre Tesco Metro stores.
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Primark ready to topple George’s crown as king of value fashion
Primark is poised to topple Asda’s George from the top value fashion market share spot.
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Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Chance of delayed VAT reaction gives retailers hope
The VAT cut introduced this week is expected to delay spending until this weekend, as shoppers wait for lower prices.
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Relief for Mosaic as it wins monthly rents concession
Deal will bring cash flow benefits for fashion giant Mosaic over the crucial Christmas trading period.
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JJB attempts to reassure investors after shares plunge
Embattled JJB Sports has issued a holding statement to reassure investors following its share price slump and intense speculation about its future.
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Retailers ramp up pre-Christmas Sales
Retailers have stepped up their discounting dramatically in recent weeks, with three quarters of the UK's leading chains offering discounts in the run-up to Christmas.
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Morrisons to buy 38 Co-op stores as sales soar
Morrisons has revealed like-for-like sales excluding fuel climbed 8.1 per cent in the 13 weeks to November 2, and said it has entered into a conditional agreement with Co-operative Group to buy 38 of its stores.