All News articles – Page 1937
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Asda reveals strong George sales in September
Asda exceeded expectations for sales of its autumn and winter George clothing ranges last month, Wal-Mart has revealed.
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Management buys Joy out of administration
Fashion and homewares retailer Joy has been bought out of administration, saving around 150 jobs.
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Bank of England cuts interest rates to 4.5 per cent
Bank of England has unexpectedly cut interest rates by half a point to 4.5 per cent.
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Slowing food inflation prompts BRC call for interest rate cut
The rate of food price inflation has fallen for the first time in six months, prompting the British Retail Consortium to call on the Bank of England to bring in an immediate interest rate cut.
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NewsBody Shop opts for global security system
Body Shop has selected a system to help it achieve PCIDSS compliance across its global organisation.
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DSGi to add customer videos to its sites to broaden appeal
DSGi is planning to allow its customers to post videos on its e-commerce sites to give them more user appeal.
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Ministry of Sound pushes brands with e-tail assault
Lifestyle brand Ministry of Sound is to embark on a retail initiative with the relaunch of its web site.
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CACI: London and Southeast hold key to discounter growth
A report from location analyst CACI pinpoints London and the Southeast as presenting the greatest opportunity for discount retailers.
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Profits crash at Land of Leather
Furniture retailer Land of Leather has revealed that pre-tax profits fell by 16.2 million, from 18.5 million to 2.3 million in the year to August 3.
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Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.
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Thorntons sales rise
Thorntons has reported sales growth across its business of 6.4 per cent to 45.7 million for the 14 weeks to October 4.
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Sainsbury's beats second-quarter sales expectations
Supermarket group Sainsbury’s has posted second-quarter sales ahead of expectations.
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Animal appoints Kevin Keaney as new chief
Surfing specialist retailer and wholesaler Animal has appointed Kevin Keaney as its new chief executive.
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Winser to head Aquascutum management buy-out
Aquascutum chief executive Kim Winser is preparing for a management buy-out as its Japanese parent seeks to sell the retail business.
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Poundland profits rocket
Value retailer Poundland has unveiled a 122 per cent rise in operating profit, from 3.5 million to 8 million for the year to March 31.
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Iceland nationalises Landsbanki
Landsbanki, Iceland’s second largest bank, has been nationalised. The move is the latest chapter in the saga surrounding the collapse of Iceland’s economy and subsequent speculation surrounding its impact on UK retailers owned or backed by Icelandic banks or Icelandic investor Baugur.
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Out-of-town sites lose shoppers
Shoppers are shunning out-of-town centres as the poor economic climate continues to affect consumers.
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West End needs £24m Olympics lift, says council
Retail in London’s West End is under serious threat unless investment is increased ahead of the 2012 Olympics, Westminster City Council warned this week.
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Bestseller eyes sites to treble UK stores
Danish multibrand fashion retailer Bestseller Group plans to treble its UK store portfolio by the end of next year.
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MFI retail and property divisions placed into administration
MFI placed its retail and property divisions into administration yesterday after the completion of a management buyout led by chief executive Gary Favell.