All News articles – Page 1999
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News
Jessops sales plummet after stores close
Struggling camera chain Jessops sales slumped 24.7 per cent to 134.8 million in the six months to March 30.
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Blacks full-year profits poor
Outdoor fashion retailer Blacks Leisure has reported full-year pre-tax profits of 300,000 after a “second difficult year”.
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Discounters thrive as Tesco and Sainsbury's lose share
Hard discounters Aldi and Lidl are prospering as the economic squeeze begins to hit shoppers, according to the latest TNS grocery market share data.
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Grocery sales climb as non-food struggles
Sales at food retailers are showing robust growth, while the decline in the fortunes of non-food retailers continues, according to figures released by TNS Worldpanel today for the 12 weeks to May 18.
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Luxury online sales to soar
The sale of luxury items online is set to rocket in the next five years.
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Sony adds an interactive touch to its windows
Sony is the latest technology retailer to add an interactive display to its store windows.
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Direct Wines picks international IT
Direct Wines is preparing to go live with a Microsoft-based IT platform for its US business.
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Macy’s rolls out iPod vending machines
US department store chain Macy’s has rolled out vending machines for consumer electronics to 400 stores.
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Topps Tiles profits slide
Topps Tiles posted a fall in pre-tax profits of 16 per cent for the 26 weeks to March 29, as a tighter housing market feeds through into sales.
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Burberry profits soar
Burberry has reported pre-tax profits up 25 per cent to 195.7 million in the year to March 31.
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Laura Ashley like-for-likes fall
Fashion and homewares retailer Laura Ashley today reported total UK sales had increased 7.9 per cent in the first 17 weeks of its present financial year, but like-for-likes had slumped.
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Brafman buys MKOne
Mark Brafman has bought value fashion retailer MK One out of administration for an undisclosed sum as predicted by Retail Week magazine on May 23.
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Mosaic hires Shoe Studio MD
Mosaic Fashions has appointed a managing director for its Shoe Studio footwear business.
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Debenhams to ramp up international arm
Debenhams is to more than double its international sales over the next four years.
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Co-op in talks to sell unwanted Somerfield stores
The Co-operative Group is understood to be in early talks with rival supermarket groups about selling some of the Somerfield stores if its bid for the retailer is successful.
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Woolworths ditches CD singles
Woolworths is to stop selling CD singles, as downloads continue to storm ahead as the preferred way to buy music.
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Alliance Boots to reinvest profits
Alliance Boots’ backers have vowed not to take any cash out of the business for at least two years as they plough profits back into the retail and wholesale company’s growth plans.
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Stylo losses hit £7.8m
Shoe group Stylo has reported a pre-tax loss of 7.8 million for the year to February 2, excluding a 4.7 million loss resulting from a property impairment.
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Baugur scraps Moss Bros bid
Icelandic investment group Baugur has scrapped its offer for menswear retailer Moss Bros after a drawn-out four-month process.
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Browett’s plan for DSGi fails to impress the City
Analysts sharply marked down electricals group DSGi’s shares after chief executive John Browett unveiled his turnaround strategy last week.