All News articles – Page 2065
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Bank of England holds interest rate
The Bank of England has held interest rates at 5.5 per cent, dealing a bitter blow to many hard-pressed retailers reeling from poor festive trading.
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Jane Norman targets Middle East franchises
Jane Norman will open 30 standalone stores in the Middle East over the next four years, as it celebrates a one third rise in profits.
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Westfield to develop shops at WTC
Westfield has moved closer to bringing retail back to the World Trade Center site in New York by entering into an agreement with the Port Authority of New York and New Jersey.
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Tesco ramps up Fairtrade clothing offer
Tesco has started introducing a wide range of Fairtrade cotton and organic garments to stores, as it gears up to hit clothing sales of 1 billion for its financial year ending next month.
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King Sturge buys niche agent to bolster its retail
Property consultancy King Sturge has bought retail property specialist Leslie Furness, in an effort to bump up its retail credentials.
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Blue Inc sales success spurs expansion push
Young menswear retailer Blue Inc is to accelerate its store opening programme this year after revealing credit crunch-defying Christmas sales
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St Modwen gets green light for Hatfield town centre makeover
St Modwen Properties has been given the approval for a Compulsory Purchase Order (CPO) and Road Closure Order to pave the way for the redevelopment of Hatfield town centre.
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Primark’s Oxford Street look to go to new shops
Primark is to take the store design blueprint developed for its iconic Oxford Street store to new branches in Bristol and Belfast later this year, following the success of its London flagship, which opened last April.
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Croydon development fails to secure John Lewis deal
Croydon’s Park Place development remains without an anchor store, after negotiations to fill the main space have stalled.
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M&S to rein in capital investment
Marks & Spencer is likely to slow its mammoth capital investment programme after posting disappointing third-quarter sales this week.
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Stead & Simpson to update stores despite sell-off plans
Up-for-sale shoe retail group Stead & Simpson is to create a new format for its eponymous stores using design consultancy Caulder Moore.
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Retail shares dive as Christmas trading statements disappoint
Wednesday brought another battering for the stores sector, which had already lost more than a tenth of its value in the previous week, as Marks & Spencer’s shares plunged 20 per cent after a damp squib Christmas.
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News99p Stores to smash £100m sales landmark
Discount retailer 99p Stores has revealed that its annual sales will push past the £100 million point for the first time, following buoyant Christmas sales.
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NewsCrunch time looms as Dolcis talks continue
Dolcis is facing a crucial week as it remains locked in negotiations with a potential new backer.
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Tile Giant to challenge Topps with store push
Tile Giant is to ramp up its expansion plans to take on market leader Topps Tiles following its acquisition by Wickes owner Travis Perkins in November.
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Land of Leather profit fall stifles growth plan
Furniture retailer Land of Leather is to scale back expansion plans after dismal trading over the January Sale period forced it to issue a profit warning last week.
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Hodkinson takes over to drive change at Wyevale
Wyevale Garden Centres chairman Jim Hodkinson has assumed day-to-day control of the private equity-backed business.
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Next makes shock online move into fitted kitchens
Next has launched fitted kitchens, bathrooms and bedrooms online and in its catalogue, in an initiative that will send shock waves through the homewares sector.
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Tufnell leads management buy-in at Peter Werth
Former Mothercare boss Greg Tufnell has led a management buy-in of menswear brand Peter Werth, in a deal thought to total more than 10 million.
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Jacques Vert profits slip
Jacques Vert has been hit by the tough trading conditions in the fashion market, reporting a fall in interim profits this morning.