All News articles – Page 2007
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News
Austin Reed up despite ‘worst fashion downturn in memory’
Austin Reed’s earnings in its first year of private ownership have risen sharply.
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MK One chief quits as fears of break-up grow
MK One chief executive Dominic Galvin has left the fashion retailer after it was sold to retail restructuring specialist Hilco.
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Endless steps in to save The Works
Beleaguered bookseller The Works has been bought by private equity company Endless, as forecast by Retail Week ( March 28 ).
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Oxford Street to say goodbye to ‘Golf Sale’ men
Oxford Street’s infamous “Golf Sale” man, an emblem in the eyes of many of everything that is wrong with London’s premier shopping thoroughfare, faces exile within months.
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Specsavers setting its sights on £1bn sales
Optician Specsavers is gunning to hit sales of £1 billion next year as it steps up its plans for global expansion.
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Uniqlo unveils UT Gallery spin-off in East End
Japanese fashion retailer Uniqlo has opened a pop-up shop off east London’s Brick Lane, called UT Gallery.
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Ocado opens door to float with five-year Waitrose deal
Ocado has agreed in principle a landmark five-year deal with Waitrose, paving the way for a potential flotation of the e-tailer.
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Hackett gets into gear for global expansion
Upmarket menswear retailer Hackett plans to launch in the US and Japan as it ramps up its global expansion.
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Waitrose to target market towns with smaller format
Waitrose is to launch a market-town format next week as it considers setting up a convenience store chain.
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Signet shines in UK but struggles in US
Transatlantic jewellery giant Signet has revealed a strong performance in the UK in the first quarter, but has been dragged back by its US business.
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Interest rate held at 5%
The Bank of England has held interest rates at 5 per cent today disappointing hard-pressed retailers and customers feeling the impact of the credit crunch.
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Nisa-Today’s appoints new chairman
Symbol group Nisa-Today’s has appointed Mark Pullen as non-executive chairman.
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Next sales plummet
Fashion giant Next has revealed a slump in first-quarter sales this morning and blamed bad weather and the economic downturn.
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Carphone Best Buy deal: City reaction
The creation of an electricals joint venture by Carphone Warehouse and Best Buy is likely to be bad news for European groups such as DSGi, Kesa and Metro-owned MediaMarkt.
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Best Buy strikes deal with Carphone to transform European electricals retailing
Carphone Warehouse and US giant Best Buy have created a joint venture likely to become one of the biggest electricals retailers in Europe.
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Internacionale Limited enters administration
Interna ionale Limited, the company which operated value womens fashion stores Interna ionale and homewares retailer Au Naturale, has gone into administration.
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Granada launches online store at ITV.com
Granada Ventures launched an online store with ITV.com on Wednesday, in a move it described as long overdue.
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Retailers are on top of basics of IT security
Retail IT departments are getting the basics right when it comes to IT security, despite less board-level support than their peers in other industries.
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Superdrug software to improve ranging
Superdrug is to implement space and category management software in the next six months to increase sales and support its expansion.
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Soaring food prices drive retail inflation
Annual retail prices rose 1.2 per cent last month fuelled by a surge in year-on-year food prices of 4.7 per cent, up from annual inflation of 4.1 per cent the previous month, according to figures released by the British Retail Consortium (BRC) today.