All News articles – Page 2001
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NewsDeals breathe life into ailing value market
The reshaping of the embattled value sector began this week with two key deals.
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NewsFocus to shrink 40 stores in turnaround plan
DIY retailer Focus is to downsize approximately 40 of its 176 stores as chief executive Bill Grimsey steers the business into the next phase of its recovery plan.
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NewsNightmare in Knightsbridge
Harvey Nichols boss Joseph Wan’s worst fears have been realised after sales growth at the luxury retailer stalled following tax changes that affected its wealthiest foreign customers.
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ONS retail sales growth slows
Sales volume growth has slowed over the past three months as the household sector reported the largest fall in sales volumes for three years.
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John Lewis sales slide
John Lewis has suffered a fall in sales after a taxing week when home sales dwindled.
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NewsJobs slashed at MK One
About half of head office jobs have been slashed at fashion chain MK One after it was put into administration this week.
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Health and beauty retailers poised for record year
Health and beauty retailers are likely to enjoy their best growth in a decade this year, despite the wider consumer slowdown.
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Credit Suisse cuts ties with Sports Direct
Investment bank Credit Suisse has ended its relationship with Sports Direct as corporate broker.
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Woolworths to sell stake in 2entertain
Woolworths has appointed UBS to sell its stake in DVD publisher 2entertain.
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JJB buys shoe chain Qube
Sports retailer JJB Sports has snapped up Qube Footwear for 1 from West Coast Capital.
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Princesshay centre closed after explosion
Exeter’s Princesshay shopping centre and the city centre have been evacuated after a suspected explosive device was detonated in a restaurant.
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Avon reveals new lingerie range
Avon has signed model and TV presenter Lisa Snowden as the face and body of its new lingerie range.
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Laura Ashley snaps up 2.2 million Moss Bros shares
Laura Ashley has upped its stake in Moss Bros to 9.79 per cent as Icelandic investor Baugur continues to circle the menswear group.
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Mothercare results shine
Mothercare has delivered a record year of sales and profits and has benefited from the integration of the Early Learning Centre (ELC) sooner than expected.
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Grocers called to Downing Street for food prices summit
Chancellor Alistair Darling has summoned supermarket chiefs to a meeting at Downing Street today to discuss soaring food prices.
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MK One enters administration
Value fashion retailer MKOne, which was bought by restructuring firm Hilco from Baugur earlier this month, has gone into administration.
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Gap expands into Russia
Gap has signed a franchise agreement to expand into Russia with both its Gap and Banana Republic brands.
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French Connection UK sales flat
Improvements made at fashion group French Connection are bearing fruit and have enabled it to weather difficult trading conditions this spring, the company claimed today.
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BRC slams Government plans to give temps same rights
The British Retail Consortium (BRC) has condemned Government plans for temporary staff to have the same rights as permanent employees after 12 weeks in the job.