All News articles – Page 1987
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Supermarkets enjoy healthy growth
The latest grocery market share figures show strong year-on-year sales growth in the grocery sector but food price inflation figures have been over-cooked, claimed TNS Worldpanel.
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B&Q and Morrisons are first retailers to be awarded Carbon Trust Standard
B&Q and Morrison’s are the two retailers among the first 12 companies to be awarded the new Carbon Trust Standard for tackling climate change.
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Theo Fennell profits up
Upscale jeweller Theo Fennell pledged further international expansion, plans for a new Bond Street store and product extensions as it announced a profits increase for the last financial year.
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Zara forces supplier factory closure
Fashion chain Zara has forced the closure of one of its supplier’s factories after a BBC programme found evidence that its staff were being ill-treated.
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Shoppers to spend less in summer Sales
UK shoppers will spend an average of 305.90 each in the summer Sales this year, but just 8 per cent will spend more than they did last summer, according to research by Sainsbury’s Finance.
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Littlewoods Direct launches ad assault
Littlewoods Direct is launching a 4 million multichannel ad campaign to drive its online sales growth.
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Simon Berwin buys Gee family stake in Moss Bros
Simon Berwin has acquired a 4.25 per cent stake in Moss Bros from founding family shareholders the Gee family.
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Debenhams announces sales rise to quash City fears
Debenhams has posted a gross transaction value increase of 1.3 per cent for the 42 weeks to June 21, when like-for-likes slipped 0.6 per cent.
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Kesa warns on consumer confidence
Electricals giant Kesa has reported a 3.1 per cent increase in group retail profit to 141.3 million for its new financial year, but warned of difficult trading ahead.
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Hobbs chief steps down
Hobbs chief executive Nick Samuel has stepped down from the role after seven years at the helm of the womenswear chain.
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Sainsbury's non-food boss defects to Tesco
Sainsbury’s head of non-food Richard Jones is quitting the grocer to take a top job at competitor Tesco.
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Littlewoods picks new finance chief
Littlewoods has appointed Steve Makin as group finance officer.
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Tommy Hilfiger posts record results
Fashion retailer and lifestyle brand Tommy Hilfiger has announced record results for the year to March 31.
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Tesco under fire for planning application
Tesco is under fire after it was revealed that it used a local retailer to front a planning application for a development in Barnstaple, Devon.
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Panorama Primark child labour exposé airs tonight
A programme airing tonight on BBC’s Panorama will accuse Primark of using manufacturers employing children as young as 11 to make its clothes.
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Debenhams 'extends payment terms to suppliers'
Debenhams has extended payment terms to its suppliers as it continues to be hit by unrelenting tough trading on the high street, according to weekend reports.
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ScS suspends shares
ScS Upholstery has suspended its shares as it enters talks with an external party for a possible buy-out.
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Spirit at Selfridges Oxford Street
As a proposition, Spirit, the young fashion department at Selfridges’ flagship store on Oxford Street, would not normally be eligible for consideration as a Store of the Week.
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Russia’s X5 launches first Mercado Supercenter
Russia’s largest food retailer X5 has unveiled its first Mercado Supercenter store.
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Metro to axe raft of German Real stores to ramp up profit
German retail group Metro is to close or sell 27 of its underperforming Real hypermarkets in Germany by the end of next year to lift profitability.