All News articles – Page 1993
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Argos like-for-likes top expectations
Home Retail Group has recorded flat first-quarter like-for-like sales at its Argos chain ahead of expectations, but has warned that the outlook remains challenging.
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BRC sales figures provide ray of light but gloomy picture persists
After another week of underperformance by retailers there was good news from the BRC’s May sales data, which showed a 1.9 per cent like-for-like uplift.
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RedPrairie tool lifts distribution for John Lewis
John Lewis is expecting a surge in productivity in its distribution centres in time for this year’s Christmas sales peak.
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Green scouts for Topshop sites in New York
Arcadia owner Sir Philip Green has been eyeing locations for a second Topshop store in New York, ahead of the retailer’s US debut in October.
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New Rip Curl system shifts focus to stores
Surfwear brand Rip Curl Europe has claimed that the retail system it has rolled out is helping it put stores at the heart of its operation.
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Asda to cut fuel bill by tracking its vans
Asda is to reduce costs and improve customer service with a satellite tracking system for its home delivery vans.
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EBay convicted in French court over counterfeit case
EBay was last week convicted of selling counterfeit goods by a French court and ordered to pay €20,000 ( 15,865) in damages to luxury brand Hermes.
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Retailers can't quantify global sourcing savings
Cost is the main driver for retailers seeking global sourcing, yet many companies are unclear on cost savings, according to a survey by PricewaterhouseCoopers.
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Inditex first-quarter profits jump 10%
International fashion group Inditex has posted a 10 per cent first-quarter profit rise to €219 million ( 173.7 million).
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Staples' €3.1bn Corporate Express offer gets green light
US office supplies retailer Staples has been given the go-ahead to acquire Dutch counterpart Corporate Express.
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ScS credit insurer withdraws supplier coverage
Sofas retailer ScS Upholstery has revealed that one of its credit insurers has withdrawn coverage from suppliers.
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LK Bennett to be sold to private equity group
Fashion and footwear retailer LK Bennett is to be sold to Phoenix Equity Partners for between 80 million and 100 million.
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Co-op to sponsor Pride of Britain Awards
The Co-operative Group has struck a deal to be the sole sponsor of the Daily Mirror ’s Pride of Britain Awards.
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More delays hit Geographic’s debut in London
National Geographic’s plans to open its first European store have been hit by further delays because of spiralling costs.
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Tailor Turnbull & Asser heads for City of London scheme
Hammerson has signed West End tailor Turnbull & Asser to its development at 125 Old Broad Street in the City of London.
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Italy’s Geox embarks on UK growth assault
Italian footwear giant Geox has kick-started ambitious UK expansion plans.
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Retail sales return to positive territory
The spring sunshine in May helped push UK retail sales into positive territory for the first time since March, according to the British Retail Consortium’s (BRC) retail sales monitor.
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Ted Baker sales rise
Ted Baker’s group sales rose 8.4 per cent in the 19 weeks to June 7. Retail sales climbed 15.4 per cent, but wholesale turnover fell 8.6 per cent. Gross margin was in line with expectations.
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Wal-Mart sells property firm Gazeley
Wal-Mart is to sell Gazeley, the property development subsidiary of Asda, to Dubai World company Economic Zones World.
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Moss Bros close to appointing chairman
Moss Bros is understood to have approached former BAA retail director Barry Gibson about the role of chairman.