All News articles – Page 1983
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NewsProCook becomes latest victim of crunch as it falls into administration
The credit crunch claimed yet another high street victim this week, as kitchen and cookware retailer ProCook plunged into administration.
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ScS sold to private equity firm
ScS has been sold to Sun European Partners for an undisclosed sum.
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Instore split over takeover bid
Variety store group Instore is divided over a 5p-a-share offer by Seaham Investments to take majority control of the retailer.
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Rose may be forced to step down
Marks & Spencer chief executive Sir Stuart Rose may be forced to step down or resign after yesterday’s shock profit warning wiped 1.2 billion off the value of the retailer.
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EBay hit by retailer backlash
EBay is facing a backlash from retailers and brands after the online auction site was ordered to pay damages of €40 million ( 31.9 million) to LVMH this week.
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Game sales rocket
Entertainment retailer Game has released a stellar first-half trading statement, with sales ahead of expectations.
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Cookware retailer ProCook enters administration
Kitchen equipment and cookware retailer ProCook has gone into administration.
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Rubik's Cube to be Christmas best-seller
Vintage 1980s toy the Rubik’s Cube is likely to be a Christmas bestseller, according to variety store group Woolworths.
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Retailers post worst results in three years
Retailers are bearing the brunt of the economic downturn, posting the highest level of negative trading statements in three years during the second quarter of 2008, according to a Grant Thornton study.
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Out-of-town retail hit as fuel prices soar
Out-of-town retail destinations have borne the brunt of the petrol price rises, suffering a 5.8 per cent fall in visitors last month compared with the same period last year.
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Esom out as M&S issues profit warning
M&S has this morning issued a shock profit warning as it announced that its director of food Steve Esom has left the business.
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Former Body Shop employee fined for insider dealing
A former Body Shop employee has been fined 85,000 for insider dealing in the retailer’s shares.
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John Lewis to anchor Leeds scheme
John Lewis has agreed to anchor The Leeds Partnership’s Eastgate Quarters scheme in Leeds city centre.
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Westfield signs Stratford deal
Developer Westfield has secured agreements with various public sector bodies that pave the way for its Stratford City scheme in East London.
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Leeds scheme reels in All Saints, G-Star and Rock Couture
Crosby Lend Lease has signed three iconic fashion brands to its Clarence Dock waterfront development in Leeds.
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Carpisa heads to Bluewater for second UK shop
Italian bags and accessories retailer Carpisa has signed its second UK store at Lend Lease’s Bluewater in Kent.
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EBay to pay out to LVMH
Auction site eBay has been ordered by a French court to pay almost €40 million ( 31.7 million) to luxury goods group LVMH for failing to block the sales of counterfeit goods on its site.
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Tesco to withdraw from Zimbabwe
Tesco is to stop sourcing products from Zimbabwe after the re-election of President Robert Mugabe.
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Carpetright's Harris fears tough year
Carpetright has warned that trade is tough as it revealed a 7.6 per cent increase in underlying pre-tax profit to 62.1 million.
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HMV Group profits soar
HMV Group has revealed profits, before tax and exceptional items, have climbed 25.2 per cent, up from 45.2 million to 56.6 million for the year to April 26.