All News articles – Page 1950
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John Gildersleeve set to join Figleaves as chairman
Lingerie e-tailer Figleaves has drafted in retail big-hitter John Gildersleeve as non-executive chairman.
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Wal-Mart chief executive: Tesco's Fresh & Easy will succeed
The success of Tesco’s fledgling US venture, Fresh & Easy, has been endorsed by the most unlikely of advocates – bitter rival Wal-Mart’s chief executive, Lee Scott.
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Toogood retires from Carpetright board
Martin Toogood has retired from his role of non-executive director at Carpetright.
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Casino targets UK with discount e-tail site
French retail giant Casino is to debut in the UK with the launch of its non-food discount web site Cdiscount.com.
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Asda: George revamp to target AB customers
Asda’s clothing brand George aims to draw in AB shoppers with its refreshed image, as consumers rein in their spending.
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Argos homes in on value seekers
Catalogue store group Argos is offering four years’ interest-free credit on furniture for the first time, as it woos value-conscious shoppers.
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A-Wear unveils new look for UK debut in Leicester
Irish fashion retailer A-Wear made its UK debut last week at Leicester’s Highcross scheme with a new format.
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Game opens concessions in Borders stores
Computer entertainment specialist Game is testing concessions in Borders stores.
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DSGi tests revamp of Currys.digital format
Electricals group DSGi opened a new look Currys.digital store in Chelmsford last week as part of chief executive John Browett’s plans to lift stalling sales.
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Kesa: City reacts to first-quarter power failure
City analysts have reacted with horror after electricals group Kesa reported a first-quarter sales slump at its top businesses.
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New season of negative updates gives retail analysts little reassurance
Retail had regained favour in the run-up to the reporting season, but the first set of updates brought a slew of bad news.
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Thorntons defies downturn with profits and sales surge
Confectioner Thorntons expects the trend for shoppers to focus on quality rather than quantity to help it ride out the economic storm and revealed gloom-busting preliminary results.
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August blow cements September sales fears
Analysts fear non-food like-for-likes will dip further in September, after the BRC revealed a comparable store sales fall of 1 per cent in August.
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Faith sold in pre-pack deal
Faith Shoes has been sold in a pre-pack administration deal for an undisclosed sum to retail entrepreneur John Kinnaird and investment fund Agilo.
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Waitrose challenges Aldi prices
Waitrose boss Mark Price has thrown down the gauntlet to the discounters, claiming the upmarket grocer is cheaper than Aldi on its entry price points in five out of 25 product categories.
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Irish retail at saturation point
The Irish retail market could be completely saturated by 2015 if pipeline developments proceed as planned.
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Beales’ like-for-like decline eases
Department store Beales revealed today that like-for-like sales slumped 6 per cent in the 43 weeks to August 30.
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Trading toughens for Dunelm
Value homewares retailer Dunelm has posted a leap in preliminary profits, but like-for-like sales have plummeted in the new financial year.
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John Lewis Partnership profits crash
John Lewis Partnership pre-tax profits have tumbled in the first half as it is hit by the crisis in consumer confidence and the stalling retail and housing market.
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Morrisons’ value stance brings profit surge
Supermarket group Morrisons has reported a surge in first half profits, as it benefits from business improvements and its value credentials.