All News articles – Page 1973
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Mountford to stay as Adams joins Moss Bros
Moss Bros non-executive chairman David Adams will work with the menswear retailer’s management to drive sales, ending speculation that chief executive Philip Mountford will be forced to step down.
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Icon Live set to launch luxury earring web site
Jewellery concessions operator Icon Live is to launch an online store next month dedicated to earrings.
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Selfridges to test toyshop in London store
Selfridges is to open its first dedicated area to selling toys as it gears up for the vital Christmas trading period.
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Inditex unveils first raft of Uterqüe stores
Spanish fashion giant Inditex has unveiled its latest store fascia, Uterq e.
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Delhaize warns on profits as hard discounters steal share
International grocery chain Delhaize has warned profits will fall short of expectations as the consumer downturn bites.
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PPR like-for-likes climb
French luxury group PPR, which owns retailers including Fnac and Gucci, reported sales up 5.1 per cent sales to €4.68 billion in its second quarter.
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Landlords back BRC campaign to help struggling retailers
Landlords have hit back at criticism from retailers by backing a campaign by the British Retail Consortium to help struggling retailers during the economic downturn.
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Retail sales hit new low
Retail sales volumes dropped 3.9 per cent in June compared with May, according to figures from the Office for National Statistics (ONS), representing the sharpest decline since its records began in 1986.
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Amazon profits double
Profits at online retailer Amazon.com soared 102 per cent to US$158 million ( 79 million) in its second quarter to June 30.
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JJB like-for-likes slip
JJB Sport revealed like-for-like sales down 1.2 per cent in the 12 weeks to July 10 and said it expects the second half of the year to be “very challenging”.
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B&Q like-for-like decline slows
Like-for-likes at Europe’s biggest DIY group Kingfisher slid 1.5 per cent in the 10 weeks to July 12.
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M&S hails bag charging scheme a success
Marks & Spencer’s controversial 5p food carrier bag charge has resulted in an 80 per cent drop in the number of bags used since the scheme’s introduction in May.
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Argos strike suspended
Argos has averted strike action due to take place tomorrow, following negotiations between its management and union Unite.
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Coffee shop ups contactless, but retailers cautious
Coffee Republic is to extend its deployment of contactless payment devices after a successful trial at five London outlets.
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Nisa-Today’s to use web tool for local sourcing
Nisa-Today’s is to use an online application to trade with the suppliers it recruits to its local sourcing initiative.
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Waterstone’s creates company-wide portal
Waterstone’s has created a single data warehouse and a web-based reports platform in a project costing less than 500,000.
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Instore independent directors warn shareholders
Instore’s independent directors are continuing to warn shareholders not to accept Seaham Investment’s 5p-a-share offer.
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United Carpets profits soar
United Carpets has shrugged off difficult trading conditions, increasing pre-tax profits by 46.8 per cent to 1.51 million in the year to March 31.
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Halfords keeps up momentum in first quarter
Car accessories and bike retailer Halfordshas reported that first-quarter profit was ahead of expectations as sales held up, costs were controlled and margins improved.
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Discount grocers pull in record share
Discount retailers account for 5.9 per cent of grocery spend in the UK – their highest figure reported to date – and are the fastest-growing sector of the market.