All News articles – Page 1942
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News
MFI rescued by management buy-out
MFI has been saved from administration in an 11th-hour rescue deal that will allow the management to buy the beleaguered furniture chain.
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Jessops extends its banking facilities
Photographic retailer Jessops has agreed an extension of its banking facilities to the end of 2011.
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Flying Brands acts to counter poor trading
Home shopping group Flying Brands has said it will take action to offset a number of adverse events that will otherwise affect the group’s full-year performance.
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JJB denies breaching banking covenants
Sporting clothes and accessories retailer JJB Sports has denied claims that it has breached its banking covenants.
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John Lewis sales dive
Sales at John Lewis have fallen in the past week as the retailer contended with good weather and flagging customer confidence.
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Rosebys enters administration
Value home furnishings retailer Rosebys has fallen into administration and is the latest high street victim of the credit crunch.
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Hermes offers tenants option to pay monthly
Hermes, one of the UK’s largest retail landlords, has broken ranks to offer its tenants the chance to pay their rents monthly in advance.
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MFI in emergency talks with landlords
MFI is reported to be in emergency talks with landlords over the future of its rental terms.
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JJB posts appalling interims
JJB Sports has reported an adjusted pre-tax loss of 9.7 million for the 26 weeks to July 27, as it faces “the worst retail recession” it has ever known.
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Hardy Amies’ future hangs in balance
Upmarket tailor Hardy Amies is fighting for survival after its major shareholder failed to come up with expected further financial support for the business.
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Shoppers shun luxury food as crunch takes hold
Shoppers have been turning their backs on luxury foods in favour of cheaper meals as the credit crunch bites, according to research revealed today.
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Wal-Mart gears up to take on Fresh & Easy
Wal-Mart will open its first four Marketside stores a week tomorrow, four days after Tesco reveals much-anticipated figures for its fledgling Fresh & Easy business.
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Woolworths would not be missed say 43% of shoppers
Almost half of consumers would not miss Woolworths if it disappeared from the high street, research commissioned by Retail Week has revealed.
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Co-op senses renaissance as ethics top the agenda
The Co-operative Group plans to capitalise on its ethical credentials to differentiate itself from conventional retailers, as consumers recoil from “corporate greed” in the wake of the financial crisis.
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ScS to embark on ad offensive in autumn push
Furniture retailer ScS is to launch its first TV and press ad campaign since being bought out of administration by Sun European Partners in July.
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Cabot Circus opening puts Bristol on the map
Cabot Circus – the 1.5 million sq ft mixed-use retail and residential scheme in the heart of Bristol – opened yesterday.
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Bhs latest to freeze head office salaries
Bhs has become the latest retailer to implement a head office staff pay freeze as retailers respond to the economic squeeze.
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Retail supremos top list of UK’s most admired
Retail chief executives are the most admired in the whole of UK industry, a study by headhunter Whitehead Mann has revealed.
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Marks and Spencer to steam ahead with debut in China
Marks & Spencer will make its much anticipated debut in mainland China next week as it proceeds with international expansion despite punishing domestic trading conditions.