All News articles – Page 1924
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Russell & Bromley profits rise
Pre-tax profits for shoe retailer Russell Bromley grew 25 per cent to 13.1 million for the year to December 31.
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Jaeger appoints new design director
Jaeger has appointed Stuart Stockdale as its new design director.
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Baugur boss becomes Iceland chairman
Baugur chairman Jon Asgeir Johannesson has joined the board of frozen food specialist Iceland as chairman.
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Asda property expanding faster than rivals, report reveals
Asda has the highest rate of property growth among the UK’s major food retailers, according to research published this week.
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Hull’s St Stephen’s scheme lands three retailers
Three retailers have taken space at British Land’s St Stephen’s shopping centre in Hull.
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John Lewis plans £20m Bluewater makeover
John Lewis will invest over 20 million refurbishing its Bluewater department store, ten years after it opened.
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Verdict: Slow Christmas growth expected
Total retail spend over the crucial Christmas period is expected to rise just 2 per cent to 82.3 billion.
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Primark profits up 17 per cent
Adjusted operating profit at value clothing giant Primark rose 17 per cent to 233 million, with sales up 21 per cent to 1.9 billion, in the year to September 13.
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Retailers' fury at hikes in Westfield London service charges
Retailers which opened in Westfield London last week are furious over hikes in service charges imposed by the shopping centre.
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Homebase in head office shake up
DIY retailer Homebase is understood to be poised to announce a reorganisation of its head office that could lead to job cuts.
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Marks & Spencer profits plummet 34.1 per cent
Marks and Spencer’s adjusted pre-tax profits have plummeted 34.1 per cent to 297.8 million in the 26 weeks to September 27, 2008.
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New MK One chief secures funding
MK One’s new boss, Bali Singh, has secured funding to ensure the future of the value fashion retailer.
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Angela Spindler in shock exit from Debenhams
Debenhams managing director Angela Spindler is to leave the department store retailer after less than a year in the role.
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GfK NOP Christmas study: consumers cautious on festive spending
Consumers have grown more cautious about their Christmas spending plans as the key trading period kicks in, according to an exclusive survey available on retail-week.com.
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Baugur says assets sale 'impossible' before Christmas
Baugur has warned against a quick fire sale of its assets controlled by the Icelandic government, saying it would be “impossible” to achieve this close to Christmas.
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Wal-Mart eyes opportunities amid downturn
US retailing giant Wal-Mart has said it believes there are “extraordinary opportunities” for global retailers amid the financial slowdown.
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Sainsbury's to convert food waste into energy
Sainsbury’s plans to power its stores using electricity generated from thousands of tons of food waste.
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Tesco best placed to survive downturn, report claims
Tesco is the retailer most likely to survive the economic downturn, a new report claims.
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Castorama buoyed by Polish tradesmen
The return of the Polish plumber and his countrymen from the UK to Poland has lifted business at DIY group Kingfisher’s Castorama stores.
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Smallbone issues profit warning
Luxury furniture retailer Smallbone has issued a profit warning, saying that it expects figures to be “materially below” current market expectations.