All News articles – Page 2015
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News
John Lewis sales ‘defiant’
John Lewis has reported a “defiant” week of trading, but remains cautious as it braces itself to come up against tough comparatives from last year.
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Musgrave celebrates ninth year of growth
Londis and Budgens franchise operator Musgrave has increased pre-tax profits 16 per cent in the year to December 31, 2007, as it commits to further UK investment.
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NewsOn the critical list
Retail in the emergency room as it faces the harshest trading conditions since the 1990s, with the worst still to come
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News
Perfume Shop to test new-look store in autumn
AS Watson’s niche retailer The Perfume Shop plans to open a new-format store in the autumn.
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Debenhams’ Designers branding to get facelift
Debenhams is to overhaul its in-store branding for key Designers at Debenhams ranges, as it banks on own-bought brand sales to drive growth during the downturn.
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Co-op boss aims to land Somerfield by summer
Co-operative Group chief executive Peter Marks has said the retailer hopes to complete its acquisition of rival Somerfield by the summer, as he revealed bumper sales and profits.
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Burberry bags 18% revenues jump as accessories perform
Revenues at upmarket fashion specialist Burberry soared 18 per cent to 546 million in its second half.
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JD unveils Bank vision as group profits rocket
Fashion group John David aims to propel its Bank fascia into a national chain and envisages potential for 250 stores.
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Liberty commercial chief exits amid sale confusion
Liberty commercial director James Crespo has left the luxury retailer. His departure comes as confusion mounts over a potential sale of the business.
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Wal-Mart director voices concern for its future
Wal-Mart director Jack Shewmaker – the retailer’s former chief financial officer and founder Sam Walton’s right-hand man – has warned that it must accelerate change to safeguard success.
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Piper buys into The Rug Company
Piper Private Equity has taken a minority stake in 12-store retailer The Rug Company to help fund its international expansion.
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Carphone Warehouse speeds up conversions to its wireless format
Carphone Warehouse is to double the pace at which it converts UK outlets to its wireless store format.
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X5 ups hypermarket share with grocery chain Karusel
X5 Retail, Russia’s largest grocer, has acquired the hypermarket chain Karusel, as the country gears up for an upsurge in retail consolidation.
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Ex-MFI director Round to take over at Robert Dyas
Former Kingfisher and MFI director Steven Round has been named chief executive of private equity-owned hardware retailer Robert Dyas.
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Go Outdoors nets £18m to open more stores
Outdoor clothing and equipment retailer Go Outdoors has secured an 18 million investment to fund a substantial store opening programme.
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Grosvenor sued by Debs over Liverpool launch
Debenhams has launched legal action against Grosvenor in the run-up to the opening of the developer’s 1 billion Liverpool One centre.
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JJB Sports: the City view
Despite historic problems and challenging prospects, JJB Sports is at a “turning point”, according to chairman Roger Lane-Smith.
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Tesco full-year results lift spirits but general retailers disappoint
Tesco’s impressive full-year numbers helped recover sentiment, especially after bullish comment about the US, and grocers enjoyed a good week.
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Morrisons poaches Otto buyer to beef up expansion of non-food
Supermarket group Morrisons has hired a new non-food executive as it gears up to expand non-food ranges in stores this year.