All News articles – Page 1968
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Best Buy reveals aggressive expansion plans
US electricals giant Best Buy plans to launch as many as 200 stores in the UK over the long term, according to the Financial Times .
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Carpetright like-for-likes plummet
Carpetright’s like-for-like sales in the UK and Republic of Ireland slumped 15.4 per cent in the 13 weeks to August 2, 2008.
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Wrapit enters administration
Online wedding gift service Wrapit has fallen into administration, meaning 2,000 couples could lose their presents.
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Beales’ directors reject offer for shares
Beales has said its directors will not accept an offer to buy up to 4.5 million shares in the department store group for 36p a share from investor Andrew Perloff.
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Tourist spend in London rises
Tourists are spending more money in London although the number of them is dwindling, according to figures from Visit London.
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Ikea enters mobile phone market
Swedish furniture retailer Ikea has joined retailers such as Asda and Tesco by offering a mobile phone service.
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NewsPeacocks to refinance debt
Value fashion chain Peacocks is reportedly in talks with banks over refinancing its debts.
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Tillman shows interest in Austin Reed
Jaeger boss Harold Tillman has been linked to a possible bid for fashion chain Austin Reed.
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Thorntons retail director steps down
Thorntons retail director Dominic Prendergast has left the business and its board after seven years with the confectionary retailer.
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Radley hires Mason as non-exec chairman
Radley has appointed Somerfield chief executive Paul Mason as non-executive chairman.
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Asda launches £4 school uniform
Asda will launch a 4 school uniform, its lowest price to date, sparking a new price war among the grocers.
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Ahold Q2 beats expectations
Dutch retail group Ahold has beat analysts expectations for the second quarter of its financial year, reporting net sales of €5.8 billion ( 4.57 billion).
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Tesco completes acquisition of Dobbies
In a stock exchange announcement today, the grocer announced that Tesco Holdings has bought 100 per cent of the issued share capital of Dobbies.
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John Lewis sales hit by hot weather
John Lewis department stores suffered a drop in sales after warm weather last week kept customers away from its shops.
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London mayor warned against affordable shops plan
The British Retail Consortium (BRC) has warned London Mayor Boris Johnson he must not rush into introducing laws which force retail developers to give space to “affordable” shops.
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Flying Brands profits plummet
Pre-tax profits at multichannel retailer Flying Brands have more than halved in the 26 weeks to June 27, falling to 1.2 million.
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Kingfisher agrees sale of Castorama Italy
DIY giant Kingfisher has agreed to sell its Castorama Italy business for €560 million ( 440 million) to French home improvement retailer Groupe Adeo.
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Metro results top expectations
German retail giant Metro has posted better-than-expected results for the six months to June 30.
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Wolfson: end quarterly rents now
Next chief executive Simon Wolfson has hit out at landlords, arguing that rental payment terms need to “come in line with the times”.
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Woolies seeks outsider to turn fortunes around
Woolworths is almost certain to appoint a chief executive from outside the business as it eyes a radical reshaping of its store portfolio to halt declining sales.

















