All News articles – Page 1922
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Primark sets sights on Euro stores assault
Primark has signalled that it is preparing for further expansion in Spain and Portugal after revealing it has outperformed the fashion market.
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Asda profits knocked by price-fixing probe
Asda suffered a fall in full-year pre-tax profits after having to set aside an allowance for legal costs resulting from the Office of Fair Trading’s investigations into milk and tobacco price-fixing.
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Next’s Simon Wolfson: Christmas rush will come late
Next chief executive Simon Wolfson is expecting a “nerve-wracking” Christmas for retailers.
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Homebase plans for hundreds of redundancies
Home improvement retailer Homebase is to shed several hundred jobs to cut costs in the dire trading environment.
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Spindler: mutual decision to leave Debenhams
Debenhams managing director Angela Spindler has denied she has been restructured out of the department store retailer, saying her exit at the end of the month was based on a mutual decision.
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Tesco to build Discounter range after stellar start
Grocer to bring in non-food range and cheaper clothing as drive for value hots up.
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The City View: Findel
Mail order specialist Findel reassured the market with a 1 per cent first-half sales increase.
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Industry share prices on the up despite persistent poor trading
General retail stocks bounced back this week, jumping more than 20 per cent after taking a hammering the previous week, despite more bad news on trading.
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Smallbone profits feel the heat as demand for kitchens dries up
Smallbone has become the latest big-ticket retailer to be hit by the economic downturn after it issued a profits warning last week.
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Blacks banking on late Christmas sales surge
Blacks Leisure is bracing itself for a late Christmas sales rush this year.
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Habitat to remerchandise stores for growth
Habitat is to increase merchandise densities across its store portfolio in an attempt to increase sales.
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DSGi’s Pixmania widens its online product range
DSGi-owned e-tailer Pixmania is increasing its online presence as a general merchandise retailer by expanding the product categories on its UK site.
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Asda reports strong clothing and grocery sales in October
Asda's comparable store sales last month were strongest in grocery and clothing, parent company Wal-Mart’s October results have revealed.
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Urban Outfitters like-for-like sales jump
Like-for-like sales at US fashion and lifestyle retailer Urban Outfitters climbed 10 per cent across its fascias in the three months to October 31.
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Wal-Mart to home in on overseas openings
Wal-Mart is to limit expansion in its home market and invest in its international operation as it seeks to focus on capital efficiency and improved return on investment.
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Walgreens slows expansion as it aims to slash outgoings
US pharmacy chain Walgreens is targeting US$1 billion ( 630 million) annual cost savings by 2011 as it adapts to counter the global economic slowdown.
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Decathlon sizes up MFI stores in administration
Decathlon is eyeing stores put into administration by furniture retailer MFI last month as potential sites for its store expansion programme.
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Interest rate slashed to 3%
The Bank of England has cut the interest rate by 1.5 percentage points to 3 per cent in a move that has been welcomed by retailers.
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Waterstone’s hires operations chief
Waterstone’s has appointed Alex Rayner as operations director.
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Toys safety law changes pass first hurdle in Europe
Attempts to strengthen toy safety laws have won backing in a European Parliament Committee today.