All News articles – Page 1965
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Tesco introduces price-busting milk brand
Tesco has today launched a brand of semi-skimmed milk in stores that costs just 1.06 for a two-litre carton.
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Debenhams to help Wrapit customers
Debenhams will help to ease the disappointment of newlyweds left without their wedding gifts following the collapse of online gift service Wrapit.
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Wal-Mart lays out Marketside plans
Wal-Mart could expand its small-format Marketside grocery chain to more than 1,000 stores, delivering annual sales of US$10 billion-plus.
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Signet's UK like-for-likes slip
US jewellery giant Signet has revealed a 0.6 per cent fall in like-for-like sales at its UK arm in the 13 weeks to August 2.
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John Lewis sales revive
John Lewis delivered some good news to the sector as it posted a strong start to its new half with sales up 3.7 per cent last week.
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Alliance Boots closes on India deal
Alliance Boots is understood to be close to signing an agreement with Reliance Retail to enter India’s health and beauty market.
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Iranian tycoon builds Woolworths stake
Iranian property tycoon Ardeshir Naghshineh has raised his stake in troubled retailer Woolworths, sparking fresh speculation that he could mount a bid for the business.
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Wellcome Trust emerges as mystery M&S stakebuilder
The UK’s largest charity, The Wellcome Trust, has emerged as the mystery company that has been stakebuilding in Marks & Spencer.
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Gap sales continue to fall
Sales at US fashion giant Gap fell 11 per cent in July on a like-for-like basis.
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OFT clears Home Retail acquisition of Focus stores
The Office of Fair Trading (OFT) has approved the sale of 27 Focus stores to Home Retail Group.
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Sir Tom Hunter eyes Flying Brands
Multichannel retailer Flying Brands has confirmed an offer approach from Scottish billionaire Sir Tom Hunter’s investment vehicle West Coast Capital.
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MFI chief vows to fight slump and invest more
MFI chief executive Gary Favell has vowed to fight the savage downturn in the furniture market, insisting there is no immediate threat to the company’s future.
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Interest rate is held at 5 per cent
The Bank of England has held interest rates at 5 per cent, as retailers continue to feel the threat of the first recession in almost 20 years.
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Asda tests new logo as George relaunch approaches
Asda has been quietly testing a revamped logo for clothing giant George as it gears up to relaunch the brand in September.
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Carphone axes commission
Focus on service drives mobile phone retailer to radical pay restructure.
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DSGi to move Irish Dixons purely online as it steps up multichannel
DSGi is to rebrand its Dixons stores in Ireland under the Currys brand and focus the Dixons brand solely online.
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BRC ups the ante as rent battle hots up
The British Retail Consortium has thrown down the gauntlet to landlords by demanding that retailers should be able to switch to monthly rent payments on existing leases, not just new ones.
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ScS saviours unveil plans to revitalise chain
The new owner of ScS Upholstery, which fell into administration last month, has laid out its plans to revive the struggling furn-iture retailer.
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Jane Norman targets Russia as UK market begins to slow
Jane Norman will open a raft of standalone stores in Russia as it is hit by falling sales in the UK.
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Hamleys culls HQ jobs in drive to slash costs
Toy giant Hamleys is to axe roles at its head office as part of a re-structuring strategy to cut costs.