All News articles – Page 2104
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Strong first half for N Brown
Home shopping group N Brown has delivered strong first-half results, with like-for-like sales up 10.6 per cent.
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Delta Two to bid for Sainsbury's this week
Delta Two is understood to have finished examining Sainsbury’s books and it appears likely the suitor will make a firm offer for the grocer this week.
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Lord Harris on brink of making Carpetright bid as sales soar
Lord Harris, chairman and chief executive of Carpetright, is poised to make a cash offer for the retailer after receiving the go-ahead to make a bid from the carpet retailer’s board.
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EBTM widens losses after year of growth
Music-inspired fashion e-tailer EBTM (Everything But The Music) has increased its turnover to 1.4 million after a year on the acquisition trail, but still made a loss overall.
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Carphone eyes £56m profits for first half
Carphone Warehouse is expecting pre-tax profits of 53 million to 56 million for its first half, according to a trading update released this morning.
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Retailers fear Budget means £100m tax hit
Proposals to allow shire counties and the Greater London Authority to tax businesses to fund local projects will cost retailers 100 million.
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Tesco defiant over online estate agency plans
Tesco may push ahead with plans to launch an online estate agency despite fierce opposition from other estate agents and the Office of Fair Trading (OFT).
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Sainsbury's £1.5 billion pension deal nears
Delta Two is reportedly putting the finishing touches to a 1.5 billion guarantee for Sainsbury’s pension fund.
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Family Dollar sales success tainted by slowdown fears
Discount US retailer Family Dollar has warned that rising energy costs and inflationary pressures will dampen its core low-income customers’ spend, despite posting a robust full-year performance.
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Arcandor woos five bidders for €5bn estate
German mail order and retail group Arcandor, owner of the loss-making Karstadt department store chain, has attracted five binding bids for its high street property portfolio, estimated to be worth between €4.5 billion and €5 billion ( 3.11 billion and 3.45 billion).
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Beales appoints Bhs retail director as chief executive
Department store Beales has appointed Tony Brown as group chief executive.
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John Lewis sales hit by warm weather and rugby
Department store John Lewis posted a dip in sales for the week ending October 6, as strong comparables from last year, warm weather and the rugby world cup hit sales over the weekend.
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Reiss targets 60 accessories stores
Fashion retailer Reiss wants to take the accessories market by storm as it sets itself a target of 60 standalone stores across the UK.
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Focus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of 68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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Next to roll out new Meadowhall format
Next is to roll out its new shopfit to all new space and about 12 per cent of its existing 460 stores over the next year, following the opening of a flagship at Sheffield’s Meadowhall last week.
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Sainsbury's to go 100% fair trade on TU t-shirts
Sainsbury’s has vowed to covert all its TU t-shirts to ethically sourced fair-trade cotton by January next year.
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WHSmith profits rocket
WHSmith has reported soaring group profits, but both total and like-for-like sales dropped.
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Moss Bros opens first Simon Carter outlet
Moss Bros has opened a Simon Carter men’s fashion store next door to its Covent Garden flagship. Simon Carter is a range aimed at the same customer as Ted Baker, said to Moss Bros chief executive Philip Mountford.
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N Brown ramps up ad spend as figures excel
N Brown will up its ad spend by between 5 million and 6 million in the second half to attract more online customers and increase awareness of its brands.