All News articles – Page 2006
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News
Justin King to pocket £6.5 million bonus
Sainsbury’s chief executive Justin King will collect a bonus of about 6.5 million this week when he unveils a 25 per cent uplift in pre-tax profits.
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Anti-Carrefour feeling hots up in China
Carrefour came under pressure in China again last week as nationalist protesters demonstrated outside stores in several Chinese cities, including Beijing.
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Home Depot to axe 15 stores as US housing slump strikes
Home Depot is to rein in its store expansion programme and close flagship stores as the US housing market takes its toll.
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Marks & Spencer: the city view
As the high street bellwether prepares to unveil full-year results in a fortnight’s time, Credit Suisse issued a bearish note.
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Retailers’ stock rises as shorts buy and the weather improves
Retailers’ stock surged last week as shorts covered their positions and fine bank holiday weather was forecast.
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Oxfam opens the first of 20 boutique-style stores
Development charity Oxfam is to widen its appeal with a roll-out of boutique-style stores, the first of which will open in London tomorrow as part of World Fair Trade Day.
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Comet gets ready to tap into the social networking revolution
Electricals giant Comet is considering joining the social networking retail revolution.
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Select aims for a revamp and sales of £50m
The boss of Select Retail has vowed that the discount fashion chain will become profitable in the next year.
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Relief as bank holiday sun brings out the shoppers
The sunny bank holiday weekend provided a much-needed ray of light for many retailers as the arrival of warmer temperatures drove shoppers back to the high street.
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M&S investors could force vote on Rose's role
Rebel Marks & Spencer shareholders are considering whether to force a vote on Sir Stuart Rose’s controversial promotion to executive chairman at the retailer’s AGM in July.
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LK Bennett bidders emerge
Private equity firms Phoenix Equity Partners and Golden Gate Capital are understood to be vying to buy fashion and footwear retailer LK Bennett.
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Hunter bids to block Dobbies’ rights issue
Scottish business tycoon Sir Tom Hunter is trying to block Tesco-controlled garden centre chain Dobbies’ rights issue unveiled last month.
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HMV sales surge
Entertainment retailer HMV has posted a set of sparkling sales for the year ending April 26.
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John Lewis and Waitrose sales growth steady
Department store group John Lewis and stablemate grocer Waitrose posted solid sales for the week to May 3.
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Bolton’s Victoria Plaza scheme gains four more
Bolton’s Victoria Plaza development has secured four additional tenants.
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Moss Bros’s future uncertain as Baugur weighs up options
Men’s formalwear retailer Moss Bros Group remained in limbo this week after potential buyer Baugur confirmed only that it and investment vehicle Newco continued to review due diligence.
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Land of Leather sales slump set to continue
Land of Leather’s negative like-for-like sales are expected to continue for the rest of the year, as the City forecasts that there will be no upturn for the troubled furniture sector.
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NewsSainsbury’s price cuts are ‘sign of the times’
Sainsbury’s has begun a huge promotional push in an effort to lure cash-strapped shoppers into its stores and to its web site.
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DSGi installs ex-Tesco man to shake up ops
Electricals giant DSGi has hired a former Tesco director to take up the new position of operations development director as chief executive John Browett prepares to unveil turnaround plans next week.
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Lush on mission to double UK stores after 30% rise in profits
Handmade-cosmetics retailer Lush will forge ahead with its expansion plans after posting a 30 per cent uplift in group pre-tax profits to 10.3 million.