All News articles – Page 1938
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EBay cuts jobs in tough trading climate
Pure-play online giant eBay is to axe 10 per cent of its workforce in an attempt to streamline the business.
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Aurum posts robust sales
Baugur-backed jewellery group Aurum has posted annual sales of 261.7 million, an increase of 7.7 per cent on the year and 7.4 per cent on a like-for-like basis.
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N Brown continues to defy the downturn
Home shopping group N Brown continued to defy the downturn with pre-tax profits soaring 19.6 per cent to 40.8 million in the six months to August 30.
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Bhs operating profits slump
Bhs has posted a 40 per cent fall in full-year operating profit to 30.2 million.
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Ghost 'seeking funding solutions'
Womenswear retailer Ghost is exploring alternative funding solutions, which could include the withdrawal of its backers from the business.
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Baugur reassures Icelandic turmoil will have 'no impact'
Baugur has quashed speculation that turmoil in the Icelandic banking sector may have an effect on the Icelandic investor’s UK retail portfolio.
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Icelandic economic turmoil stokes Baugur fears
Concern over the impact of Iceland’s financial crisis on Baugur’s retail interests in the UK has continued, despite the investor’s attempts to calm fears.
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Retailers face insolvency in new year
Hundreds of UK retailers face the risk of going bust in the new year.
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JJB loses supplier credit insurance
JJB Sports faces further uncertainty after the UK’s largest credit insurer Coface decided to pull the cover for its suppliers.
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Kesa appoints new chief executive
Kesa Electricals has appointed a new chief executive Thierry Falque-Pierrotin to replace Jean-No l Labroue, who has decided to retire.
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Rosebys shuts 10 stores and axes another 60 jobs
Rosebys has closed 10 of its stores, making a further 60 people redundant after slashing 32 head office jobs, as Retail Week revealed on Tuesday .
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House of Fraser reassures suppliers
House of Fraser chairman Don McCarthy has written to suppliers to reassure them that the Baugur-backed department store business is financially robust.
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Holland & Barrett promotes Aldis to top role
Health food retailer Holland & Barrett has appointed Peter Aldis as chief executive.
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TK Maxx jackets with knives spark outrage
Designer discount fashion retailer TK Maxx has been lambasted for selling jackets with a hidden knife attached.
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Nick Samuel joins Adili board
Former Hobbs boss Nick Samuel has joined ethical e-tailer Adili as non-executive chairman, as it reported a loss of 1.58 million its first full-year results as a listed company.
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John Lewis weekly sales dive
John Lewis has reported a slump of 8.3 per cent in weekly sales, which it blames on a combination of sunny weather and coverage of the global economic situation.
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Blacks Leisure losses to widen
Outdoor clothing retailer Blacks Leisure expects to report its pre-tax loss has widened in its interim results to about 4.5 million as it reveals “difficult” trading in August.
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NewsLa Senza broadens its product range
Lingerie specialist La Senza is to widen its product range and move into wholesale as it seeks to ramp up its business.
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Superdrug to offer travel vaccinations
Health and beauty retailer Superdrug is to ramp up its pharmacy credentials with the launch of travel clinics next week.