All News articles – Page 2010
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News
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.
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M&S could double stock value if it focuses on cash, analyst claims
Marks & Spencer’s stock is languishing below the level of Sir Philip Green’s abortive 400p-a-share offer in 2004, but could it be worth 850p?
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South Korea’s Lotte eyes India and Vietnam
South Korea’s largest retailer, Lotte Shopping, is targeting India and Vietnam as part of its plans to expand in some of the world’s fast-growing economies.
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US retailers lure consumers as first tax rebates come in
Many of the US’s biggest retailers are offering promotional incentives for customers to trade in tax rebate cheques, as the first payments from President Bush’s US$100 billion ( 50.21 billion) tax giveaway arrived in bank accounts and through the post on Monday.
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NewsRose to offload stake in Lane Fox business
Sir Stuart Rose will attempt to diffuse the latest Marks Spencer boardroom fallout by selling his stake in Martha Lane Fox’s karaoke business Lucky Voice.
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New Look’s overseas sales to overtake UK
New Look’s Phil Wrigley has said the retailer’s international sales are likely to exceed its UK operation’s in the next five years.
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Will planning test happen?
Grocery inquiry: industry exonerated, but angry at proposed competition test and ombudsman
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Carrefour hit by more China protests
Carrefour has been hit by further angry protests in China, as anti-French sentiment grows in the country.
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Murphy paid £1.6 million in last year at Kingfisher
Former Kingfisher chief executive Gerry Murphy was paid more than 1.6 million in his last year with the business.
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Baugur denies MK One administration plans
Baugur has denied reports that MK One, the value clothing chain it has put up for sale, could be put into administration if no buyer is found.
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Land of Leather sales plunge again
Sofa specialist Land of Leather has revealed another plunge in sales and warned that trading conditions will remain tough for the rest of the year.
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European Retail Solutions Awards line-up revealed
The largest European Retail Solutions Awards shortlist to date has been unveiled after a judging day in late April.
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Majestic extends EPoS to France
Majestic Wine has extended its use of Itim’s EPoS system to its French stores.
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Morrisons to up time-keeping with new IT kit
Morrisons is to upgrade its workforce management system with swipe card data capture terminals.
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MFI set to go live with IT overhaul
MFI is weeks away from going live with the final phase of its SAP implementation.
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Bank launches attack on OFT
Investment bank Cazenove has hit out at the Office of Fair Trading (OFT) after the governing body launched a series of allegations into a wide range of price-fixing.
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Retailers sign environmental pledge
Top-flight retailers have come together to launch the first industry-wide climate change commitments.
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Jacques Vert issues profit warning
Jacques Vert has issued a profit warning, becoming the latest fashion retailer to be hit by increasingly tough trading conditions.
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Grocery inquiry targets planning and code changes
The Competition Commission has said in its final grocery report that the UK’s biggest supermarkets should be subject to a competition test on planning applications and give up restrictive covenants that stop rival building stores close to their sites.