All News articles – Page 1991
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News
Habitat UK chief steps down as it restructures
Habitat UK country manager Ruth Dangerfield has left the business as the retailer implements a new organisational structure.
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Majestic Wine profits and sales climb
Specialist retailer Majestic Wine has posted a full-year profit rise and expects to sustain momentum, despite tough high street conditions.
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Land of Leather and ScS review finances
Furniture retailers Land of Leather and ScS Upholstery have this morning confirmed that they are both examining the structure of their businesses.
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Instore mulls sale
Variety store chain Instore has announced that it has been in preliminary discussions about a possible takeover bid.
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London like-for-likes sparkle in May
London retail like-for-like sales last month were 8.2 per cent higher than a year earlier, as shoppers came out with the sunshine.
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Fortnum & Mason chairman to step down
Fortnum & Mason chairman Jana Khayat is to step down after seven years in the role.
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Staples closes on deal for Dutch rival
Staples has this week been invited to enter talks with Corporate Express, after the US stationery retailer upped its offer for the Dutch business by 14 per cent.
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Borders to sell three overseas businesses
Borders is to offload a raft of its overseas businesses and slash 20 per cent of its workforce as it implements its strategic review.
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Morrisons’ ‘industry-leading’ sales advance impresses City
Morrisons impressed the City with a strong like-for-like performance in its first quarter.
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Halfords outshines the sector with profit jump
Motor accessory and bikes retailer Halfords has outperformed the sector, as customers swap cars for cycles.
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WHSmith: the City view
Bookseller and stationer WHSmith notched up 6 per cent sales growth between March 1 and May 31, but that reflected recent acquisitions.
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Short-staffed checkouts top shopper gripes
Nearly three quarters of UK shoppers who face queues at pay points would rather leave the shop than wait in line, according to a report from research house Kronos.
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Monsoon to sell scarves through Afghan tie-up
Fashion group Monsoon Accessorize will stock Afghan products in selected stores next year, following the retailer’s partnership with women living in Kabul.
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Liverpool One notches up 1m visits
Since opening just over two weeks ago, Grosvenor’s Liverpool One shopping centre has chalked up over a million visits, according to the developer.
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Tesseyman to make exit from Bonmarché
Bonmarch chief Mark Tesseyman is to leave the value fashion retailer.
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M&S plans green store roll-out
Marks & Spencer is to roll out about half of the initiatives it has been testing at its Bournemouth eco-store to its entire portfolio.
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Retail rents sink to lowest since 1990s
Retail rents have fallen to their lowest level since the mid-1990s and can be expected to decline for a further three years, according to a report published by property consultancy Colliers CRE.
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Jóhannesson set to fight on after appeal loss
Baugur executive chairman J n sgeir J hannesson is expected to fight suggestions he will have to resign from the board after losing his appeal against a conviction for breaking accounting laws.
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Pessina vows to stay the distance
Stefano Pessina this week promised to invest in Alliance Boots for the long term as he revealed a sparkling year for the health and beauty business which he took private in June last year.
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Nike Town opens doors to Oxford Circus footy area
Nike unveiled part of its revamped London flagship Nike Town this week to cash in on the start of the Euro 2008 football tournament.