All News articles – Page 2011
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News
Home Retail profits climb
Home Retail Group has warned that tough trading conditions are likely to result in like-for-like sales falls at its Argos and Homebase chains.
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Grocery bucks consumer spending slowdown
The latest TNS Worldpanel grocery market share figures published today, for the 12 weeks to April 20, showed that the grocery sector achieved 6 per cent sales growth year on year.
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Liberty changes finance chief
Iconic London department store Liberty has hired a new finance director.
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ERSA 2008 shortlist announced
The European Retail Solutions Awards has produced its largest short-list so far, following a judging day in late April.
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Gerry Weber to up its presence in the UK
German womenswear retailer Gerry Weber has pushed the button on its UK and Ireland roll-out after trading in the country for just over two years.
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Retailers report falling volumes
Retail sales fell markedly year on year in April, as poor weather and the early Easter added to the economic slowdown, according to the CBI today.
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Tesco introduces carbon footprint label
Tesco has launched a carbon footprint label on 20 of its own-brand products to inform consumers about the environmental impact of products.
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40 per cent of new space to be shelved report claims
As much as 40 per cent of new shopping centre space could be shelved or delayed because of decreasing retailer demand and the increasing scarcity of finance, according to property agency Savills.
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Price-fixing probe hits 100 brands
Some of the UK’s best-known consumer brands face a probe over allegations into price-fixing, as the Office of Fair Trading (OFT) steps up its wide-ranging investigation into the grocery sector.
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Carpetright on track to hit targets
Carpetright recorded challenging trade for the second half of its financial year in the UK and Ireland, but expected the group’s underlying pre-tax profit for the full year to be in line with City forecasts.
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Dunelm sales rise
Dunelm has posted strong sales for the 43 weeks to April 26 and its chief executive is bullish about the outlook for the value homewares retailer.
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Instore reduces losses
Variety store group Instore has made a pre-tax loss of 2.3 million in the year to March 1, from a loss of 9.1 million the previous year.
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DSGi to close 40 UniEuro stores
International electricals giant DSGi is to slash the number of stores at its troubled Italian chain UniEuro by a third.
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Game profits rocket
Game Group said that current trading has remained strong after it posted soaring full-year profits and sales.
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N Brown profits climb
Home shopping specialist N Brown has posted a 19.9 per cent increase in full-year profits to 78 million. Revenues advanced 16.6 per cent to 610.9 million in the year to March 1.
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McPhail named New Look chief executive
New Look has re-shuffled its management team, promoting Phil Wrigley to executive chairman and Carl McPhail to chief executive.
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Mosaic Fashions falls into the red
Mosaic Fashions has suffered a 30.2 million pre-tax loss in the year to January 26 compared with a pre-tax profit of 17.2 million the year before.
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Asos sales soar again
Sales at fashion e-tailer Asos rocketed 90 per cent in the year to March 31, reaching about 81 million.
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Baker to join Virgin Active
Former Boots chief executive Richard Baker is to become chairman of Sir Richard Branson’s health and fitness chain Virgin Active.
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OFT launches fresh probe into supermarket price fixing
The UK’s four biggest grocers are under investigation by the Office of Fair Trading (OFT) for allegedly fixing prices of health, beauty and grocery products.