All News articles – Page 2054
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Woolworths names new chief to drive EUK arm
Woolworths has appointed Steve Lewis as EUK managing director to boost the performance of its entertainment wholesale arm.
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Hardy Amies plans to expand in profit drive
Hardy Amies has set out ambitious plans to have 30 stores in the UK in the next five years and push into overseas markets, in an effort to make the retailer profitable next year.
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Lastminute founder’s furniture site Mydeco goes live
Internet entrepreneur Brent Hoberman’s hotly anticipated online furniture venture Mydeco.com has launched today.
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Jane Norman to launch accessories stores
Jane Norman is set to shake up the 2.3 billion UK accessories market by opening standalone accessories stores, likely to be branded JN Accessories.
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Jagtiani silences talk of a bid for Debenhams
Retail tycoon Micky Jagtiani has ruled out making a bid for Debenhams despite upping his stake in the department store group to more than 9 per cent.
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The Works on the brink
Bargain bookseller locked in emergency talks to stave off administration
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Tesco’s first department store to be rejected in favour of Waitrose
Tesco’s plans for its first department store are to be turned down in favour of a scheme fronted by rival Waitrose.
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Amazon Q4 profits double but margins slip
Amazon has reported its fourth quarter profits have more than doubled, but Wall Street has reacted badly to a slump in margins.
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H&M profits soar
Swedish fashion powerhouse H&M reported sales up 15 per cent to SEK78.35 billion ( 6.19 billion) in the year to November 30, 2007.
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No respite for Land of Leather
Land of Leather has reported a further slump in sales over the critical January period.
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WHSmith to return £90m to shareholders
WHSmith reported a 2 per cent fall in like-for-like sales over the festive period and is to return 90 million to shareholders.
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Downer back in charge as Roche quits Borders
Borders chief executive David Roche has resigned with immediate effect and Philip Downer has been appointed in his place.
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Woolworths agrees £385 million refinancing
Woolworths has agreed a refinancing package, with new four-year loan facilities totalling 385 million.
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Kesa share buy-back to follow BUT sale
Electricals group Kesa expects to complete the €550 million ( 409 million) sale of French furniture chain BUT next month and will return cash to investors via a share buy-back programme.
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Three quarters of retailers record positive Christmas like-for-likes
Nearly three quarters of retailers recorded positive like-for-like sales for the Christmas period, according to a report published by Deloitte.
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McColl ploughs £19m into new PoS system
Convenience store operator and newsagent Martin McColl is to invest 19 million in a company-wide point-of-sale (PoS) system in the largest IT project it has undertaken to date.
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Retailers are still overlooking IT security risks
Retailers are still not taking IT security seriously enough, according to research by Deloitte.
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White Company to implement K3 platform
The White Company has selected a technology platform from K3 to support its growth plans.
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Mamas & Papas picks MD
Marek Laskowski has been promoted to managing director of Mamas & Papas retail business.