All News articles – Page 1933
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Justin King: bank rescue has begun to restore confidence
Sainsbury’s chief executive Justin King believes the Government’s banking bail-out this week has dramatically “moved the dial” and already started reviving consumer confidence.
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Clinton Cards to focus on staff as it battles to revive performance
Clinton Cards will focus on staff and leadership skills to drive sales back up, after posting a 5.2 per cent fall in like-for-likes at its Clinton’s chain and a decline of 2.5 per cent at its Birthdays fascia for the nine weeks to October 5.
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Banks' rescue stabilises markets but retail feels heat as shares dip
The Government administered emergency surgery on beleaguered banks but retailers remained under pressure as the share prices of grocers and general merchandisers alike fell over the week.
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City unease mounts as like-for-likes fall again
Retail like-for-likes slid in September for the sixth time in the past seven months, compounding City fears about the sector’s prospects as the traditional selling season nears.
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Kingfisher: the City view
DIY giant Kingfisher flew analysts to Turkey last week to show off Koctas, its joint venture there.
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Poundland to widen base by selling online
Poundland is to launch a transactional web site, possibly before the end of next year, in an effort to attract consumers not served by any of its stores. The retailer is working with KPMG to develop a model, which will include a minimum spend and a range of delivery charges. ...
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Burberry keeps head above water
Burberry continued to deliver growth in its first half despite a “volatile and uncertain” market.
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The Entertainer holds out hope for Christmas despite sales blip
Toy retailer The Entertainer has revealed like-for-like sales dipped 3.7 per cent in the eight months to September 30, but remains “quietly optimistic” about Christmas.
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Adams eyes global growth as overseas arm flourishes
Adams Childrenswear is embarking on a global push as it exploits opportunities for growth in Asia and the Middle East.
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JJB Sports unveils rescue plans
JJB Sports has unveiled rescue plans for its beleaguered business along with changes to its board.
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Asda drops petrol prices to under £1 per litre
Asda has intensified its position in the war on petrol prices, by being the first retailer this year to drop the price of a litre to under 1.
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Solid growth for Kurt Geiger
Luxury shoe chain Kurt Geiger's EBITDA grew more than 24 per cent to 10 million in the year to February 2.
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Alchemy in talks with Mosaic
Private equity firm Alchemy is thought to be in the running to buy Baugur-backed Mosaic.
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Retailers predict top-selling toys this Christmas
Animals, babies and High School Musical products all feature highly in this year’s prediction for top-selling Christmas toys.
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Game appoints Terry Scicluna chief operating officer
Game has appointed Terry Scicluna to the newly-created role of chief operating officer.
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JD in talks to buy Qube and OSC from JJB
JD Sports Fashion is thought to be in talks with JJB Sports to buy the Qube and Original Shoe Company chains from its struggling rival.
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MFI 'not paying redundancy money' to call centre staff
More than 130 MFI call centre workers who lost their jobs last month are unlikely to be paid any redundancy money, according to The Times.
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TNS: Tesco sales growth lags rivals'
Grocery giant Tesco delivered the worst performance among the big four grocers in the latest TNS four-week figures.
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Private equity firms vie with Sir Philip Green for control of Baugur
Retail tycoon Sir Philip Green faces competition from leading private equity groups for control of embattled Icelandic investor Baugur’s UK retail operations.
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Gap expands Stephen Sunnucks' role
Gap has expanded the role of European president Stephen Sunnucks who will now be president of Europe and international strategic alliances.