All News articles – Page 1932
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John Lewis posts 4.8 per cent sales slide
John Lewis department stores recorded a 4.8 per cent dip in sales last week as the global banking crisis worsened and the sun came out at the weekend.
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Ideal recruits Mike Hancox to be chief executive
TV shopping specialist Ideal Shopping Direct has appointed Mike Hancox as chief executive.
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B&Q launches 2,000 eco-products
DIY retailer B&Q is introducing 2,000 new eco-friendly products to help customers reduce the impact that running their homes has on the environment.
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Alliance Boots buys German distributor Megapharm
Alliance Boots has bought a 90 per cent stake in German specialist drugs distributor Megapharm.
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Woolworths chiefs axed as slowdown strikes
Two senior Woolworths directors have left the business as the downturn bites.
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Redcats staff vote against strike action
Redcats employees have voted against strike action following a dispute over pay.
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European Commission scraps plans for candle duties
The European Commission has temporarily ditched plans to introduce anti-dumping charges on candles made in China.
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Play.com launches ticket sales service
Entertainment e-tailer Play.com has launched its own ticket-selling service.
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Marks & Spencer hires heavyweight non-exec director
Marks & Spencer has named Jan du Plessis, chairman of British American Tobacco, as a non-executive director.
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Amazon offers free delivery on orders over £5
Amazon UK has reduced the threshold for free delivery from 15 to 5, in an attempt to drive sales in the run-up to Christmas.
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Baugur-backed retailers plan buy-outs
The management of a number of Baugur-backed retailers are putting plans in place to buy back equity and debt now controlled by the Icelandic government.
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Travis Perkins update sparks fears for DIY
Travis Perkins, the builders’ merchant that owns DIY chain Wickes, has warned that profits will be at the low end of expectations.
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Mothercare records robust second quarter
Mothercare has posted a slight uplift in UK like-for-likes and a rise in international sales.
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Baugur: Food retailers allay concern
Baugur-backed food retailers have insisted that they remain focused on trading despite doubts about the Icelandic investor’s future.
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Icelandic turmoil puts brakes on debt deal
The complexity of Iceland’s financial meltdown and its banks’ connections with Baugur are delaying a sale of the investment company’s debt.
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Baugur: end of an era
The end of an era loomed this week with the likely break-up of Icelandic investor Baugur’s portfolio and the end of its influence on the UK high street.
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JJB hires David Jones for survival fight
JJB has appointed renowned retail veteran David Jones as deputy chairman as part of its rescue plan to shore up the struggling business.
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Shop Direct reviews its call centre staffing
Shop Direct Group is reviewing staffing at its call centres as it continues to veer away from its traditional catalogue roots.
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String of up-for-sale MFI stores set to shut
Some of the 81 MFI stores placed into administration last week are to close because no purchasers have been identified.
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Carphone Warehouse to launch new format at Westfield London
Carphone Warehouse this week revealed plans for a new-format store dubbed internally “Wireless World”, offering new product ranges such as games and digital TV content.