All News articles – Page 1995
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NewsJack Wills offshoot to expand shopper base
Multichannel lifestyle retailer Jack Wills is to launch a sister fascia in the UK to tap into an older customer base.
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Department stores shape up to fight downturn
Leading department store chiefs have outlined plans to focus on differentiation from competitors, local-level retailing and nurturing talent to ride out the downturn.
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Rewe profits jump 22% as international sales deliver
German supermarket group Rewe notched up the highest sales figures of its 80-year history last year.
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Lord Kirkham nets £46.3m DFS dividend
DFS founder Lord Kirkham pocketed a 46.3 million dividend last year from his furniture chain.
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Asda posts strong sales
US grocer Wal-Mart has reported that sales for May at Asda were 'strong', driven by traffic gains in the UK market where customers are increasingly seeking the lowest prices and best value for money.
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John Lewis sales slide
John Lewis continues to be hit by difficult trading conditions, with sales at its department stores down 4.7 per cent in the week to May 31.
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Baugur founder fails to overturn convictions
Baugur founder and executive chairman J n sgeir J hannesson failed to have a conviction of bookkeeping charges thrown out in an Icelandic Court yesterday.
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M&S lowers bonus targets
Marks & Spencer directors must increase earnings per share by 8 per cent next year if they are to receive their bonuses.
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Blacks Leisure eyes market towns to spark a turnaround
Outdoor specialist retailer Blacks Leisure will target market towns for its eponymous, Millets and Freespirit stores as part of new chief executive Neil Gillis’s turnaround plan.
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More misery for DIY as housing slump worsens
Deepening gloom in the housing market is likely to exact a heavy discretionary spending toll on retailers this year.
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Hyman takes up adviser role with Deloitte
Richard Hyman, the analyst who made his name as founder of Verdict Research, has become a strategic adviser to Deloitte’s consumer business practice.
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Oasis links with Liberty as it backs sub-brands
Oasis will launch a capsule clothing range using Liberty’s iconic prints next season as it drives sales of its sub-brands.
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John Lewis to reveal ad push as sales drop
John Lewis will launch an ad campaign next week setting itself apart from its high street rivals.
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Asda pulls out stops for Christmas online launch
Combined food and general merchandise offer planned for late October, challenging Tesco’s strength
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Interest rate held at 5%
The Bank of England has left the UK interest rate unchanged at 5 per cent amid consumer fears about rising food and fuel prices.
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McCarthy insists Baugur will not abandon Moss Bros after bid flop
Moss Bros non-executive director and Baugur board member Don McCarthy has firmly reiterated the Icelandic investor’s commitment to working with Moss Bros shareholders and management to revive the menswear retailer.
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Debenhams continues to gain market share
Debenhams has continued to increase its clothing market share, while Marks & Spencer has made gains and Next’s market share losses have slowed.
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Morrisons like-for-likes outperform grocery market
Morrisons has reported like-for-like growth ahead of the grocery market during its first quarter.
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New Alexon chief to start this month
Fashion group Alexon has revealed that new chief executive Jane McNally will join the retailer on June 16. Outgoing chief executive John Osborn will retire on August 29.
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WHSmith posts 'reassuring' sales update
WHSmith has revealed a “reassuring” interim trading update, despite a fall in like-for-like sales.