All News articles – Page 2078
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Poor performance stokes retailers’ fears of dire Christmas
Expectations of a tough Christmas trading period were intensified this week by awful trading statements and gloomy economic data.
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Whistles to split from Mosaic as Shepherdson era beckons
Upmarket fashion chain expected to be offloaded after Shepherdson takes the helm next year
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Booths trading defies might of the big players
Upmarket grocery retailer Booths has posted a strong set of trading figures for the year to March 31, proving that small supermarkets with a compelling offer can prosper.
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HoF backs concessions to take home upmarket
House of Fraser is to introduce a raft of upmarket concessions and ramp up its Linea own label in an effort to create a premium offer for its home division.
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John Lewis pushes price pledge to bolster appeal
John Lewis is promoting its Never Knowingly Undersold promise for the first time by displaying discounts on products in stores.
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JJB puts Madeley on the board
JJB Sports has appointed David Madeley to the board not long after he was made commercial director.
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Swatch’s Omega brand targets Regent Street
Watch brand Omega is understood to be eyeing a store on Regent Street for its second UK opening.
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American Apparel debuts Covent Garden shop
American Apparel opened a 2,950 sq ft (275 sq m) store on Covent Garden’s Neal Street last week, following the opening of a slightly smaller store in Glasgow the week before.
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M&S unveils Pantheon store refit
Marks & Spencer completed the refurbishment of its Pantheon store at the eastern end of Oxford Street last week.
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Interest rates left unchanged
The Bank of England (BoE) reduced interest rates by 0.25 per cent today handing retailers a much-needed pre-Christmas boost.
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Findel: the City view
Findel provided more evidence of the resilience of the home shopping sector with record interim sales and profits, up 33 per cent and 107 per cent to 298.3 million and 8.5 million respectively.
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Tesco shakes off tough trading as list of casualties gets longer
Once again, Tesco has proven itself immune to grisly trading conditions afflicting the sector.
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Bank of England cuts interest rate
The Bank of England cut interest rates by 0.25 per cent today handing retailers a much-needed pre-Christmas boost.
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Templeman: Spindler is not my replacement
Debenhams chief executive Rob Templeman has scotched speculation that he would leave the retailer following the appointment of Angela Spindler as managing director.
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Morrisons steals rivals’ talent to push own-label
Morrisons has poached two executives from Asda and Tesco to spearhead the development of its own-brand food.
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Asos to up marketing as it posts record sales
Asos will almost double its marketing spend next year to raise its profile, as the online fashion retailer’s interim results smashed market expectations.
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Theo Fennell hires chief executive
Luxury jewellery retailer Theo Fennell has appointed former Burberry Group executive Pamela Harper as chief executive, after unveiling sparkling interim sales results.
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Business rates for retailers set to soar
Retailers are likely to be hit hardest by spiralling property prices, as business rates on the high street are expected to soar 13.3 per cent in the next three years.
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MFI set for distribution centre opening
Furniture retailer MFI will open its massive warehouse and distribution centre in South Yorkshire tomorrow.
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Mackays profits shine
Fashion retailer Mackays made pre-tax profits of 9.2 million in the year to February 23, up from 8.9 million for the same period last year.