All News articles – Page 2034
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RWC08: Mayfield to push JLP value
Charlie Mayfield has declared he would hate to be the chairman of the John Lewis Partnership who made the decision to axe the “Never knowingly undersold” strapline.
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RWC08: Dunstone rallies retailers
Carphone Warehouse founder and chief executive Charles Dunstone has opened the Retail Week Conference by challenging retailers to work harder to secure consumers’ shrinking discretionary spend.
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Women to abandon the 'it bag'
UK women will turn their backs on expensive, celebrity endorsed bags this year, according to Mintel.
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SRG sold to Egyptian investor
Formal menswear retailer SRG has been sold by private equity group Gresham Capital to Egyptian investor Arafa Group.
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French Connection profits plummet
French Connection has borne the brunt of the consumer downturn and reported a profits slump of 22.5 per cent to 3.1 million for the year to January 31.
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Tesco reveals £170 million of price cuts
Tesco has unveiled price cuts worth 170 million and claimed that this takes its total cost reductions to nearly 600 million since January.
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Non-execs to meet to finalise Rose pay package
In the face of mounting opposition to Sir Stuart Rose’s promotion to executive chairman, Marks & Spencer non-executives are to meet to thrash out a new pay package for the retailer’s chief executive.
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Land Securities lines up second Corby venture
Developer Land Securities has submitted plans to build a mixed-use scheme in Corby, which would bring 330,185 sq ft (30,675 sq m) of retail space to the town.
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Eden to open doors in High Wycombe this week
Multiplex will open its 650,000 sq ft (60,385 sq m) Eden shopping centre this Thursday, anchored by House of Fraser and Marks & Spencer.
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Liberty pre-tax losses sink to £6.4m
Luxury department store Liberty has posted a pre-tax loss of 6.4 million, largely as a result of the cost of rolling out its Liberty of London brand.
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Liberty pre-tax loss deepens to £6.4m
Luxury department store Liberty has posted a pre-tax loss of 6.4 million, largely as a result of the cost of rolling out its Liberty of London brand.
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M&S investors slam Rose's promotion
Marks & Spencer investors have hit out against the retailer’s announcement yesterday to elevate Sir Stuart Rose to executive chairman, which some claim is in clear defiance of the UK’s corporate governance code.
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Asda mulls sale of its property development business
Wal-Mart has appointed UBS to explore a number of strategic options, including the possible sale of the Gazeley Group, Asda’s property development group.
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Musgrave poaches Home Retail exec to be FD
Musgrave has hired a Home Retail Group executive as finance director.
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February sales hit by belt tightening
Retail sales slowed in February as consumers started to tighten their belts in earnest, the British Retail Consortium (BRC) has reported.
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House of Fraser opens High Wycombe store
House of Fraser will open its second store in a week on Thursday (March 13).
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Littlewoods launches ad campaign
Littlewoods will today premiere its new television advert for Littlewoodsdirect.com, starring fashion advisers Trinny and Susannah.
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Rose to become executive chairman of M&S and stand down in 2011
Rose’s change of responsibility becomes effective from June 1 and is part of a raft of management changes at the high street giant.
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Dreams sold to private equity group Exponent
Bed specialist Dreams has been bought by private equity specialist Exponent for an undisclosed sum.
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Benetton family to buy World Duty Free
Airports operator BAA is to sell its World Duty Free chain to Italian company Autogrill, which is controlled by the Benetton family, for 546.6 million.