All News articles – Page 2033
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Tesco takes axe to costs as cooling climate bites
Tesco has embarked on what is thought to be its most extensive round of cost-cutting for more than five years, as the UK retail sector faces a challenging year.
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Sector like-for-likes up but non-food is dismal
Retailers’ performances continued to polarise last month, as price-conscious shoppers tightened their belts.
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SRG buyer on hunt for further UK acquisitions
Arafa Holding – which this week bought formal menswear retailer SRG – is searching for other acquisitions in the UK and Europe.
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Shoplifters face jail terms as Retail Week campaign pays off
Retailers breathed a sigh of relief this week as plans to abolish the penalty of imprisonment for persistent shoplifters were shelved.
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NewsDunstone vows to fight through the downturn
Carphone Warehouse chief executive Charles Dunstone fired a shot across the bows of his competitors this week, vowing to weather any downturn by growing market share.
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Next chiefs to miss out on £13m win as share price gamble fails
As Next chief executive Simon Wolfson prepares to post results ahead of expectations he and senior managers face losing out on a 13 million windfall.
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RWCO8: Hogsted relaunches attack on UK planning regime
Ikea mid-Europe manager Peter Hogsted has said the retailer faces less red tape in markets such as China and Russia than in the UK.
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Topshop to launch its web offer in European markets
Fashion giant Arcadia has rolled out its online Topshop and Topman offer to Europe to test the market’s appetite for its brands.
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Sports Direct to hit market expectations
Sports Direct has reported in its interims that it is set to meet market consensus EBITDA in its full year, but has not provided detailed current trading figures.
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Tesco Thailand chief picked for senior US role
The chief executive of Tesco Thailand is to take a senior role at the grocer’s Fresh & Easy convenience store chain in the US.
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Morrisons delivers strong sales and profits
Morrisons has delivered a powerful set of profit and sales figures for the full year to February 3, on the same day chairman Sir Ken Morrison retired and was made honorary president.
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Argos sales rise, but Homebase struggles
Home Retail Group posted a mixed set of sales for its catalogue giant Argos and DIY chain Homebase for the 8 weeks to March 1 and warned on the outlook for consumer spending.
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RWC08: Rose braces for two-year downturn
Sir Stuart Rose said that M&S is braced for a downturn that will last until at least 2010 at the Retail Week Conference today, though he hopes that the UK economy can avoid full-blown recession.
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RWC08: Pessina puts Europe at heart of Alliance Boots strategy
In a wide-ranging speech at the Retail Week Conference in London today, Stefano Pessina, executive chairman of Alliance Boots, said that rolling out the Boots brand and name across Europe, as well as improving the store portfolio in the UK, would be at the core of the retailer’s strategy.
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RWC08: Private equity will target faster growing businesses
The dearth of private equity retail deals looks likely to continue, but there is still scope among mid-priced, fast-growing businesses.
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Chancellor confirms Government to charge for plastic bags
In his first Budget speech, Chancellor Alistair Darling has said that laws will be introduced by next year to charge shoppers for using plastic bags, unless the supermarkets take action to do this.
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RWC08: Specialists still have a place
Specialist retailers can survive amid growing supermarket power and soaring online sales, provided they focus on a differentiated customer proposition.
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Asda opts for Cinario to run store security
Asda is using software from Cinario to integrate and manage all of its security systems running in a range of its stores.
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Banks and police team up to tackle card fraud data
The banking industry has launched a fraud intelligence unit to improve information sharing between banks and the police.
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DSGi head office staff get a lesson in green printing
DSGi claims to have cut paper use by 4 million sheets and cut CO2 emissions by 93 tonnes a year since switching to Lexmark’s managed printing service two years ago.