All News articles – Page 1974
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Floors-2-Go enters administration
Flooring retailer Floors-2-Go has gone into administration, appointing Kroll as administrator. 41 stores will close, resulting in 97 redundancies.
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Westfield starts work on east London centre
Westfield has started construction work on its latest shopping centre project in Stratford, east London, which will form a big part of the wave of developments being built in time for the 2012 Olympic Games.
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Bromley’s Glades raises curtain on extension
Developer Capital Shopping Centres has completed its extension and remodelling of The Glades in Bromley.
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Nike enters Liverpool as it kicks off UK push
Nike has launched its first standalone store outside London at Grosvenor’s Liverpool One scheme and is preparing to open a string of shops before the end of the year.
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Matthew Williamson to make US debut
Fashion retailer Matthew Williamson will open a flagship store in New York early next year.
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Management buy-out rescues ProCook from administration
Troubled cookware retailer ProCook has been bought out of administration by its management and a consortium of shareholders for an undisclosed sum.
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Retailers hit the critical list
The retail sector is under increasing pressure from the credit crunch, with a 335 per cent increase in companies in severe difficulty compared with last year.
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Apple reveals record third quarter
Apple reported its best third quarter in the company’s history, driven by record sales of Macintosh computers.
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Crunch hits the wealthy
The ultra-wealthy are spending less on luxury goods and services as the credit crunch hits, according to a survey.
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Tesco to revive British tea break
Tesco is to give away tea and biscuits at 252 stores across the UK this week in an effort to revive the traditional British tea break and lift sales.
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Diesel buys stake in Viktor & Rolf
Fashion retailer Diesel has acquired a majority stake in Dutch fashion brand Viktor & Rolf.
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Grocers cut petrol prices
Supermarkets Asda, Morrisons and Sainsbury’s will lower petrol prices, in a move prompted by falling oil prices.
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Boots UK rejigs marketing and trading teams
Boots UK, the UK health and beauty arm of Alliance Boots, has restructured its marketing and trading teams as part of its ambition to become the world’s leading pharmacy-led health and beauty retailer.
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General Trading Company falls into administration
Iconic London department store the General Trading Company has gone into administration, as predicted in this week’s Retail Week ( July 18 ).
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BrightHouse profits surge
Furniture and electricals retailer BrightHouse has posted soaring profits as credit-crunched consumers flock to its stores.
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Boots slammed over supplier terms
The Federation of Small Businesses (FSB) has named and shamed Alliance Boots as one of the worst payers to small suppliers.
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Ocado to expand beyond food
Ocado is to expand beyond food into areas such as clothing and health and beauty as it notches up sales of 1 billion.
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TM Lewin profits jump 21%
TM Lewin has bucked the downturn, posting a 14 per cent sales rise and EBITDA up 21 per cent in its full year.
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MK One creditors to get 1p in every £1 owed
Creditors of MK One, the value clothing chain that went into administration in May, will receive 1p at most for every 1 they are owed.
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Retailers unite against landlords
The UK’s biggest retailers have united against their landlords, calling for a radical change in the way they pay rents as the credit crunch continues to bite.