All News articles – Page 1913
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Topps Tiles profits down 27 per cent
Pre-tax profits at Topps Tiles slipped 27 per cent to 27.7 million in the year to September 27.
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Westfield London passes 2 million visitors
Westfield London, the capital's newest shopping centre, has had more than two million visits in just over three weeks, greatly exceeeding expectations of its Australian owners.
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Chancellor confirms 2.5% VAT cut
Updated: Chancellor Alistair Darling has confirmed he will slash the rate of VAT and has called on retailers to pass on the cut.
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JJB confirms bid for Fitness Clubs division
JJB has confirmed that it has received an approach for its Fitness Clubs business.
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Supermarkets up ad spend
Supermarkets have upped their ad spend while most other major retailers have slashed theirs in response to the economic crisis.
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Alexon sales tumble
Alexon has revealed that sales slumped below expectations in the 17 weeks to November.
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Woolworths in danger of administration this week
Woolworths could fall into administration in a matter of days unless it completes a deal to sell its retail business to restructuring specialist Hilco, according to sources close to the company.
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John Lewis sales continue to fall
John Lewis has unveiled another set of lacklustre sales figures for the week ending Saturday, November 22.
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VAT cut expected in pre-Budget report
Chancellor Alistair Darling is expected to cut VAT to 15 per cent in today's pre-Budget report as part of a raft of measures designed to stimulate the economy.
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Two more days added to Debenhams Sale
Debenhams has added two extra days to its three-day pre-Christmas Sale.
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Asda Direct launches digital magazines service
Asda Direct has started selling downloadable online versions of consumer magazines through a “digital newsagent” service.
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Mike Duke to succeed Lee Scott as Wal-Mart chief
Mike Duke, head of Wal-Mart’s international division, is to replace Lee Scott as president and chief executive of the world’s biggest retailer next February.
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Bargain hunters flock to stores
Promotional spectaculars run by leading retailers this week brought bargain-hungry shoppers flocking to stores.
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Sir Tom Hunter will not bid for Flying Brands
Retail billionaire Sir Tom Hunter has dropped his bid to buy multichannel retailer Flying Brands.
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UK booksellers accused of too much discounting
UK booksellers are creating a “vicious circle” of discounting and are seeing poorer growth volumes and lower profits than their international counterparts.
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John Lewis confident of Christmas despite sales fall
Sales at John Lewis department stores fell 14 per cent last week, the retailer has confirmed. However, John Lewis head of selling development Barry Matheson insisted the chain is in good shape for Christmas.
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Jessops ponders tie-up with camera manufacturer
Camera specialist Jessops is considering linking up with a specific manufacturer rather than stocking a range of brands, it has been reported.
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Next's Wolfson: 'tax cuts should not be unfunded'
Next chief executive Simon Wolfson has said that any tax cuts in next week’s pre-Budget report should be long term and sustainable.
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More top retailers join campaign against rate rises
More leading retailers have joined Retail Week’s fight for the Government to change the rules on business rates to protect the sector from massive hikes in bills.
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100,000 retail jobs cut this year
As tough trading continues, full scale of hidden job losses revealed – and the worst is still to come.