All News articles – Page 2009
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News
Bluewater tenants call for nil increase at rent reviews
Retailers at Bluewater shopping centre are demanding that their rents are not increased in their second review at the centre, taking place this year, as trading continues to prove tough.
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Bhs puts freeze on refits to ride out tough times
Bhs is to temporarily halt its store refurbishment programme from the end of this month.
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UniEuro store cuts ignite talk of DSGi withdrawal from Italy
Electricals group DSGi’s decision to assess 40 UniEuro stores for closure in Italy has prompted City speculation that it may eventually close its entire business in the country.
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Game widens focus as hardware launches slow
Game, which posted record results this week, has revealed that it will focus on software for a broader customer base as the product mix shifts away hardware releases.
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NewsWestfield London to land top retail names
Australian developer Westfield is poised to defy critics of its Westfield London shopping centre after securing a raft high-profile national and international retailers.
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N Brown’s good results put a lid on City fears
Home shopping group N Brown has shaken off market fears over bad debts after reporting a stellar full-year performance.
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Waitrose to open smaller format stores
Waitrose is to launch a major assault on the convenience market and could open at least 100 smaller format stores.
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Home Depot to axe underperforming stores
Home Depot is to close 15 of its underperforming US stores within the next two months, affecting 1,300 employees.
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John Lewis sales robust, as Waitrose shines
Department store chain John Lewis posted a solid set of figures for the week to April 26 and stablemate supermarket chain Waitrose delivered a strong performance.
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MK One sold to Hilco
Icelandic retail investor Baugur has sold its struggling value fashion chain MK One to Hilco, the retail restructuring company.
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MFI offers five years’ interest free credit deal
MFI has launched its first five-year interest-free credit promotion, as its customers are squeezed by the credit crunch.
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Carpetright eyes takeovers in tough climate
Carpet and floorings specialist Carpetright is on the hunt to snap up smaller rival retailers, as it revealed challenging trading in its UK and Ireland business.
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Waitrose chief says food prices will fall
Waitrose managing director Mark Price believes that the rise in food prices will be halted by the autumn.
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Asos picks Paperchase IT boss to drive web
Asos has poached Paperchase global IT chief Gary Mudie to bolster its growing web site, as it revealed a sharp rise in full-year sales.
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T-Mobile retail chief targets broadband sales
The new retail boss of T-Mobile has vowed to ramp up sales of mobile broadband products.
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HomeSense makes UK debut with Poole store
TK Maxx parent TJX opened its first HomeSense store in the UK at Poole last week.
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The Pier boss makes exit after business review
The Pier managing director John Higgins has stepped down from the homewares retailer following a shake up by its Icelandic parent Lagerinn.
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Next takes Home Retail to court over copycat furniture claims
Fashion-to-homewares retailer Next has begun legal action against Argos over alleged design infringement of its children’s bedroom furniture range Storm.
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Gillis ups ante for Blacks chiefs with £4m incentive bonanza
Outdoors specialist Blacks is to launch a 4 million incentive scheme for 25 top executives in an attempt to improve shareholder value and restore the retailer to its former glory.
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Sound Control falls into administration
Sound Control, the UK’s biggest musical instruments retailer, has collapsed into administration.