All News articles – Page 2038
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Asda to close George stores
Asda is to close its standalone George clothing high street stores four and a half years into a pilot, after failing to make the economics of town-centre retailing work.
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Morrisons achieves record grocery market share
Morrisons has achieved record grocery market share and continued growth in the 12 weeks to February 24, according to figures from TNS Worldpanel.
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Gerry Weber to open its second UK shop in Cambridge
German fashion and lifestyle retailer Gerry Weber is to open its first standalone store outside London and only its second in the UK at Grosvenor’s Grand Arcade development in Cambridge.
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Shopping centre footfall still in decline
Shopping centre visits fell 1.5 per cent in the 12 months to February 2008, with like-for-like sales consistently dropping year on year for the past seven months, according to a report by Experian.
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Online organic clothing launch
New online clothing retailer Organic Boutique will launch its transactional website on March 20 th .
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Former Kingfisher boss to join Blackstone
Former Kingfisher chief executive Gerry Murphy is to become a senior managing director and partner at private equity giant Blackstone.
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Ideal Shopping Direct pre-tax profits drop
Ideal Shopping Direct has reported a 6.2 per cent fall in full-year pre-tax profit to 5.8 million, but pointed to an encouraging start to 2008.
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Asda: family income down £5 a week
Rising food and petrol prices meant that the average UK family has 5 a week less to spend than last year, according to grocer Asda’s first income tracker survey.
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Travis Perkins profits soar
Builders merchants Travis Perkins reported adjusted pre-tax profit up 18.7 per cent to 261 million in its full-year results, but warned that the outlook for 2008 is challenging.
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Borders unveils interactive store format in US
Borders has unveiled a ground-breaking new concept store in the US that combines traditional bricks-and-mortar retailing with the latest in digital technology.
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Wal-Mart’s savings in China to trigger supplier squeeze
International retailers sourcing from China are expected to place greater demands on manufacturers this year, as Wal-Mart said improved productivity from its Chinese suppliers is offsetting rising costs in the country.
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Umbro chief steps down
Umbro chief executive Steve Makin will step down from his role, as the England football shirt manufacturer’s takeover by Nike is completed.
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Styles & Wood chief warns of tough market
The boss of Styles & Wood has warned of the challenging retail market, despite the shopfitting company delivering a sparkling set of full-year results.
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Dreams mulls £200m private equity deal
Bed retailer Dreams is understood to be on the verge of agreeing a 200 million deal to sell the retailer to Exponet Private Equity.
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Asda could carve up Somerfield
Asda is sounding out potential partners for a carve up of 900-store local grocery chain Somerfield, according to the Daily Telegraph .
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Majestic chief to step down
Majestic Wine chief Tim How is to step down from his post, making way for his deputy Steve Lewis to take over the reins.
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Game profits to beat forecasts
Computer and video games retailer Game said it expects pre-tax profits to be 74 million for the year to January 31, 2008, beating profit expectations.
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Next launches Brand Directory
Next has launched its branded young fashion web site Brand Directory, following a soft launch on its own web site at the end of last year.
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Luxury players fuel department store sector growth
Luxury operators are fuelling growth in the 14.7 billion UK department store sector as customers become more selective about where they spend.
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Wyevale edges closer to Dobbies with Northumberland acquisition
Garden centre group Wyevale has bought Heighley Gate Garden Centre, near Morpeth in Northumberland, as its extends its geographical reach.