All News articles – Page 2012
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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.
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Asda sells mobile handsets for a fiver
Asda is battling for its share of the lucrative mobile phone market with its launch of a pay-as-you-go mobile handset for just 5 today.
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John Lewis sales power ahead
John Lewis department stores registered a 7 per cent sales rise for the week, despite the unhelpful cold weather.
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T-Mobile appoints new retail director to drive growth
T-Mobile UK has appointed Andrew Coull as director of retail as it eyes further retail growth.
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Retailers slam ONS figures
Top retailers and economists have condemned puzzling data from the Office for National Statistics (ONS), which pointed to a 2 per cent rise in the volume of goods sold in the first quarter of the year.
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Supermarkets face cigarette price-fixing inquiry
Retailers, including the big four supermarkets, are facing allegations of price-fixing on cigarettes from the Office of Fair Trading (OFT).
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Elaine Gray mulls combining Ethel Austin and MK One
Value fashion veteran Elaine Gray is considering investing in both Ethel Austin and MK One and could potentially combine the two struggling chains.
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Sainsbury’s ups non-food with homewares assault
Supermarket chain targets slice of Tesco and Asda’s non-food share with new Tu brand
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B&Q to step up multichannel offer after successful trials
DIY giant B&Q is to ramp up its multichannel offer this month to increase its share of the 19.5 billion online retail market.
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Topshop gears up for New York flagship launch
Topshop is to inject true British spirit into New York when it opens its flagship store there this autumn.
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New Look poised to make Russian debut
New Look is set to enter Russia through a franchise agreement with Serbian-based partner Delta.
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Home Retail Group: the City view
The Argos and Homebase owner unveils full-year figures on Wednesday and benchmark profits of 429 million are expected.
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Battered retailers push forward despite another week of gloom
General retailers just managed to beat the FTSE All Share’s rise and some of the sector’s most bruised names – including Debenhams, Blacks Leisure and DSGi – led the pack.
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BRC claims ONS sales data is “overly rosy”
The British Retail Consortium has attacked official retail sales statisticians for painting “an overly rosy view” of the stores sector’s performance.
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Findel profit warning feeds City fears for home shopping sector
Home shopping group Findel issued a profit warning last week, after it was forced to increase provisions for bad debt by 5 million.
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JC Penney cuts store openings as crunch bites
US mid-market department store chain JC Penney is scaling back its expansion plans this year, as it faces tough trading in an uncertain economic outlook.
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Real boss to unveil revival strategy for flagging chain
The new boss of Metro Group’s Real hypermarket chain was expected to reveal his blueprint for the revival of the hypermarket chain to suppliers this week.
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WHSmith turns focus to stores integration
WHSmith is to put its flurry of travel retail acquisitions on hold, after securing more than 120 new stores for the division in the space of a month.
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M&S to make prices in India on par with UK
Marks & Spencer is to bring prices at its Indian stores in line with those in the UK, in an effort to seize share in one of the world’s biggest emerging markets.