All News articles – Page 1955
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Ireland’s Pavilions development unveils blueprint for extension
Irish developer Chartered Land has submitted an application for an extension to its Pavilions shopping centre at Swords, north of Dublin, which would significantly increase the scheme’s retail offer.
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Out-of-town retail parks to ‘lead retail renaissance’
Out-of-town retail is set to bounce back from the economic gloom and will be more successful than town centres in instigating a retail resurgence, a Verdict survey has claimed.
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Sainsbury's embarks on own-brand drive
Sainsbury’s has launched a multimillion-pound campaign to drive sales of its own-brand products.
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Hunter takes charge at Wyevale as Hodkinson quits
Jim Hodkinson has stepped down as executive chairman of garden centre group Wyevale, Retail Week can reveal.
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Adili seeks extra funding
Ethical fashion e-tailer Adili is seeking additional funding by issuing share capital to its largest investor Hawk Investments.
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Asos chief nets £352,000 in pay and bonuses
Asos chief executive Nick Robertson took 352,000 in pay and bonuses last year after bucking the downturn and more than doubling pre-tax profits at the business to 7.3 million.
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Smallbone trebles profits
Furniture retailer Smallbone became the latest luxury retailer to buck the downturn, more than trebling its pre-tax profit for the six months to June 30. However, the retailer remains cautious about the future trading environment.
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Jil Sander changes hands
Private equity firm Change Capital Partners has sold luxury fashion retailer Jil Sander to Tokyo-listed apparel group Onward and its European subsidiary GIBO, for €167 million ( 135.5 million).
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Fads owner makes a loss
Strategic Retail, which owns home furnishings retailer Fads, has revealed a loss of 145,000 for the year to March 1 compared with profit of 194,000 the year before.
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Charity shops post profit rises
Charity shops have recorded profits up 7.4 per cent this year as shoppers try to manage their budgets in the face of the economic downturn.
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NewsWoolworths shareholder backs Malcolm Walker bid rejection
Woolworths’ biggest shareholder is backing the variety store retailer in its rejection of Malcolm Walker’s £50 million bid, according to The Sunday Times.
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Suppliers lose out on supermarket special offers
Supermarkets pocket 86 per cent of profits made on items sold on money-off promotions, according to a report seen by The Daily Telegraph .
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BRC slams supermarket promotions report
The British Retail Consortium has hit out at a report published today that claims supermarkets are offering more discounts on fatty and sugary foods than fruit and vegetables.
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Family finances stretched in August
A survey by German discount grocer Aldi has found that the average UK family spent an extra 500 in August, adding more pressure to already overstretched purses.
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JJB Sports: The City View
Buy-out speculation once again engulfed JJB Sports, which is thought to have enjoyed a trading fillip stimulated by the UK’s strong Olympics performance.
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Borders UK restructures buying team
Eight buyers at Borders UK are to leave the retailer following a review of the buying team structure.
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Tesco withdraws site from eco-towns project
Tesco has pulled one of its developments from the Government’s “eco-towns” scheme, which has dealt a blow to the flagship environmental programme.
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Carrefour posts robust performance
Carrefour has revealed better than expected results, delivering a rise in net income of 1.2 per cent to €750 million ( 603.4 million) for the first half of this year.
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John Lewis sales dip
Department store group John Lewis reported a fall in weekly sales of 2.4 per cent as continued uncertainty in the economy and the poor weather hit trade.
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Bid speculation nudges share prices up in short trading week
General retailers climbed over the week, partly buoyed by bid speculation about Woolworths and JJB Sports (see The City View below), but the grocers’ share price rise was more muted as the market digested last week’s data.