All News articles – Page 1940
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Retail on the ropes
Sector left reeling as relentless financial crisis leads to dramatic sales slump over past fortnight
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Greenwoods signs with Chinese giants Bosideng for retail expansion
Greenwoods Menswear is set to open 100 stores in the UK after investment from Chinese retailer and manufacturer Bosideng International.
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Liberty trading in line with expectations
Liberty has revealed that trading over the past three months has been in line with expectations despite the economic turmoil.
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Retailers poised as 800 book titles released
Nearly 800 book titles are being released today in time for Christmas in what retailers are calling “Super Thursday”.
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Halfords like-for-likes slip but half year profits in line with expectations
Leisure and cycling retailer Halfords has revealed a 1.1 per cent slip in like-for-like sales in the second quarter but said that half year profits are in line with expectations.
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Ted Baker profits rise but trading weakens
Ted Baker has posted a 5.4 per cent pre-tax profits increase to 7.4 million for the first half to August 9, but revealed that trade in the past two weeks has been affected by the turmoil in the banking world and unseasonably warm weather.
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M&S slashes spending as like-for-like sales drop
Marks & Spencer suffered a 6.1 per cent like-for-like sales drop in its second quarter and has scaled back spending plans as it is hit by falling consumer confidence.
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Grosvenor opens Liverpool One second phase
The second phase of Liverpool One opened on Wednesday with a ceremony attended by The Princess Royal.
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Harrods announces record sales
Iconic department store Harrods has posted record sales and a profit rise in its full year to February.
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Miss Sixty falls into administration
Sixty UK, the business behind young fashion brand Miss Sixty, has gone into administration.
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Wilkinson to adopt system to manage supply
Wilkinson is to introduce merchandise lifecycle management software to support its global sourcing initiatives.
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Waitrose brings in markdowns system to tackle food wastage
Waitrose is stepping up its work tackling food wastage with a system that will help it manage markdowns.
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US’s Casual Male embarks on European online assault
US mens outsize retailer Casual Male Retail Group is kicking off a European sales offensive with the launch of multiple European web sites for its two brands.
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Waitrose to open first convenience store
Waitrose is to open its first convenience format store on December 11 in Nottingham.
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Asos sales continue to defy gloom
Sales at fashion e-tailer Asos have soared 104 per cent in the last six months as online continues to defy the credit crunch.
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Hardy Amies files notice for an administrator
Upmarket tailor Hardy Amies has today filed a notice of intention to appoint an administrator after failing to finalise an offer to secure funding.
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MFI to secure deals on rent holiday
Property giant Land Securities is understood to have provisionally agreed to allow embattled furniture retailer MFI a three-month rent holiday.
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Baugur boss reassures on retail portfolio
Baugur has quashed speculation that it will suffer as result of the nationalisation of Icelandic bank Glitnir and the administration of Stodir, an investment business controlled by Baugur executive chairman Jon Asgeir Johannesson.
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Mosaic posts first-half EBITDA rise of 6 per cent
Fashion group Mosaic has reported that EBITDA in its first half to July 26 rose by 6 per cent to 33.4 million to represent 8 per cent of sales.