All News articles – Page 2088
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News
City airs concerns on Sainsbury’s as grocer shrugs off bid collapse
Can Justin King make Sainsbury’s great again? Analysts mused the question a week after the collapse of Delta Two’s bid, as the grocer posted an interim rise in profits and sales and launched a property joint venture with Land Securities.
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Sliding sales volumes bode ill for Christmas
Retail sales volumes slid 0.1 per cent between September and October, with the largest decreases occurring in textiles, clothing and footwear, according to the Office for National Statistics (ONS).
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Play.com raises game with ad strategy for bumper Christmas
E-tailer Play.com has ramped up its Christmas ad budget by 40 per cent this year, as it guns for a record Christmas. The entertainment e-tailer hopes the additional£5 million marketing spend will lift UK sales by 30 per cent in the three months to December 31. Play.com’s TV and radio ...
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Fortnum & Mason ups ante in US with renewed web and home push
Fortnum & Mason is to set up a US subsidiary to ramp up its home shopping offer across the pond.
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Travis Perkins snaps up Tile Giant
Builders merchant and DIY retail group Travis Perkins is to acquire tile retailer Tile Giant for 12 million.
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Sainsbury’s web offer stymied by store size
Sainsbury’s online non-food growth is being constrained by its store sizes, chief executive Justin King has said.
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Thorntons tests formats to take image upmarket
Thorntons is to pilot 10 new-format stores before the end of June in an effort to enhance its premium-brand credentials.
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Ted Baker celebrates sales leap
Sales at quirky fashion retailer Ted Baker have surged after shoppers lapped up its latest ranges.
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Sales fall at WHSmith
Bookseller and stationer WHSmith said it was on track to meet targets, despite reporting a fall in like-for-like sales.
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October sales soar at H&M
Group sales at fashion retailer H&M rose 15 per cent last month compared with October last year.
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Agent Provocateur hires web marketing tracker
Luxury lingerie retailer Agent Provocateur has signed up online tracking company Mediaplex to manage its online marketing activity.
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NewsPayment Card Council sets software standard
The Payment Card Industry Security Standards Council (PCISSC) will add a standard for payment software applications to its remit.
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Sainsbury's strikes joint venture deal with Land Securities
Sainsbury's has unveiled a joint venture with property giant Land Securities to unlock 113 million worth of freehold assets.
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Land Securities to split into three
Land Securities, the UK’s biggest property company, is to split into three, setting up a separate quoted company for its retail assets.
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Shopping centres are top terror target
Shopping centres are among the top targets for terrorists in the run-up to Christmas, as Gordon Brown warned that attacks could hit “anywhere and from any place.”
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Asda co-operates with OFT over price-fixing inquiry
Asda is co-operating with the Office of Fair Trading (OFT), as the long-running investigation into the price-fixing of milk, cheese and butter draws to a close, according to a report in The Daily Telegraph .
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Burberry profits soar
First half operating profits at luxury group Burberry rose 30 per cent to 97.3 million in the six months to September 30.
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Woolworths' quest for £100 million loan fuels demerger speculation
Variety store group Woolworths is reportedly seeking 100 million in new loans against its successful EUK distribution business, adding to speculation that a demerger is on the cards.
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Sainsbury's unveils strong post-bid results
Sainsbury’s posted a rise in profits and sales for the 28 weeks to October 26 – its first results since Delta Two’s bid for the grocer collapsed last week.
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Asda posts strong Q3 as it readies for Christmas
Grocer and general merchandiser Asda achieved “very positive sales results” in its third quarter, according to its parent company Wal-Mart.