All News articles – Page 1928
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News
Tesco extends non-food supplier payment terms
Tesco is understood to be asking all its non-food suppliers to wait an extra 30 days for payment as it seeks to free up cash for the critical Christmas trading period.
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Banks call in advisers for Woolworths talks
Key lenders to Woolworths are to be advised by corporate restructuring firm Deloitte as the company prepares its business plan for the new financial year, which is due to be delivered by December.
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HBOS appoints KPMG to review Wyevale
HBOS is understood to have appointed KPMG to conduct an independent review of Wyevale Garden Centres.
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Ann Summers appoints new managing director
Ann Summers has hired a former Asda director as managing director.
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Amazon UK launches clothing section
Amazon UK has launched a clothing section on its web site, selling clothing and accessories ranges from the likes of La Senza, La Redoute, Puma and Sports Direct
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Recession looms as economy shrinks for first time in 16 years
The UK economy shrank for the first time in 16 years in the last quarter, confirming fears that the country is slipping into a recession.
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Carrefour and Ahold post resilient third-quarter sales
French retailer Carrefour and Dutch grocer Ahold posted resilient third-quarter trading updates.
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Theo Fennell circled by suitor as it warns on profit
Jeweller Theo Fennell has issued a profit warning and revealed that it has been approached by a party interested in buying a stake.
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Piracy threatens Christmas product supply
Shoppers could face shortages of products such as clothing and fuel unless action is taken to stop pirates hijacking ships off the coast of Somalia.
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John Lewis suffers another tough week
Department store group John Lewis has suffered another tough week, with sales down 7.6 per cent as customers continue to rein in spending.
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Grocers fire new salvo in petrol price wars
Sainsbury’s, Asda and Tesco today ratcheted up the price war by dropping the price of fuel to the lowest levels for more than a year.
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Stores’ fury over debit card charges
Retailers in uproar over banks’ shift to Visa-backed debit cards and Mastercard’s membership fees.
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Hollister’s house takes shape at Westfield London
US fashion retailer Abercrombie & Fitch will unveil a Casa Mexicana-style store for its Hollister brand at Westfield London next Thursday.
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Sale of Icelandic assets delayed by authorities
The potential sale of Baugur’s debt and investments by Icelandic banks in UK retailers is on hold as Icelandic authorities assess their value and move to avoid a quick-fire sale.
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Woolworths shakes up its management
Woolworths has made a raft of changes to its management structure as part of its plan to “simplify the business and create clear accountability lines and responsibilities”.
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Green sets out strategy as Arcadia holds firm
Sir Philip Green has vowed to redouble his focus on product and processes after Arcadia revealed a resilient set of full-year results.
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Retailers turn on the screams for Halloween
Sales of Halloween paraphernalia are expected to top 195 million this year, although growth is forecast to slow because of the downturn.
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George's online operation to be top shop
Asda’s clothing brand George expects its online operation to become its biggest selling store early next year as the brand continues to take market share.
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Debenhams pursues childrenswear share
Debenhams is to boost its own-label childrenswear offer and double its home accessories range.
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Mothercare to target US with Gurgle move
Mothercare is testing the appetite for its products and services in the US with the launch of its networking site Gurgle.