All News articles – Page 2119
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Former Marks and Spencer retail director takes over at George
Former Marks and Spencer retail director Anthony Thompson has been made managing director of George
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Primark share of UK childrenswear to rise
Primark has increased its share of the UK's 4.5 billion childrenswear market to 6.2 per cent
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Woolworths gets go-ahead to buy Bertram
Competition Commission unconditionally clears the acquisition
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Primark and Mothercare launch factory inquiries
Factories in India to be investigated after allegations over low pay
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Hunter buys Sanders Garden World for £15m
Move reinforces Scottish entrepreneur’s position in sector
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Dumfries retail development to lead town revival
Urban regeneration company Centros Miller has joined forces with Dumfries and Galloway Council in Scotland to develop a retail-led scheme in Dumfries town centre. Proposals for the 3.7 acre (1.5ha) site are at an early stage, but the scheme could measure up to about 200,000 sq ft (18,580 sq m). ...
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Retailers clamour for larger units at High Wycombe’s Eden scheme
A raft of retailers have signed to the Eden development at High Wycombe in Buckinghamshire, taking the scheme to about 90 per cent-let by floorspace. Fashion retailers Zara, Bershka, Topshop, Next, River Island and H&M are all taking large-format stores at the development, which will absorb the existing Octagon centre. ...
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Saviour of Carnaby Street to build new West End quarter
Developer Shaftesbury has been given the green light to transform 2 acres (0.8ha) of derelict buildings close to London’s Leicester Square with a retail and restaurant scheme. Shaftesbury – the company behind the regeneration of London’s Carnaby Street and Seven Dials – has dubbed the scheme Longmartin. It is situated ...
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Claire’s recruitment site lifts jobseeker standard
Claire’s has reported an improvement in the quality of job applications since the accessories retailer launched its own recruitment web site three months ago. The site, which was developed by Claire’s recruitment advertising agency ThirtyThree, has received nearly 700 applications for head office and store management roles since its launch. ...
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Online speed set to accelerate as broadband popularity rises
Communications regulator Ofcom has reported that about two-thirds of UK households now have broadband internet connections. It found that 3 million households signed up for broadband during 2006 and the average speed of internet connections has risen from 3.6Mbit per second in 2006 to 4.6Mbit per second by June 2007. ...
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TM Lewin starts systems upgrade drive
TM Lewin will go live with Prologic’s CIMS software at its head office in September, in the first phase of an enterprise-wide implementation. The men’s fashion retailer is spending£1.7 million on replacing systems across its business. The EPoS application is due to go live by March 2008 and it will ...
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Whole Foods finally buys Wild Oats after trade row
Organic and healthy food giant Whole Foods Market has finally closed its US$565 million ( 282 million) acquisition of rival Wild Oats Markets this week, after months of delays as federal antitrust authorities sought to block the deal. Whole Foods chief executive and chairman John Mackey said: “We believe the ...
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Dobbies unearths profit warning as sodden summer takes its toll
Garden centre group Dobbies issued a profit warning just days after Tesco triumphed in its battle with Sir Tom Hunter over ownership of the retailer. Dobbies reported that the wet summer months meant expected sales targets for the year to October 31 were unlikely to be met. Like-for-like sales edged ...
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Next profit expected to climb despite sales slide
Fashion retailer Next is expected to post a slight increase in profits at its interim results on September 11, although first-half like-for-likes could be down as much as 6 per cent. The retailer has already given guidance of a like-for-like decrease of between 1 per cent and 4 per cent ...
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Sports direct: the city view
Tycoon Mike Ashley has been uncharacteristically quiet of late. Is it a coincidence that in the absence of his often controversial comments and deals, Sports Direct’s share price has been on the up? At 140.5p, the stock has lost more than half its value since the March IPO so many ...
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Stores shares on the up as City readies for key updates
The whole stores sector – grocers and general merchandisers – was up last week and beat the All Share index, although general retailers continued to underperform against last year. The rise was driven partly by optimism about particular companies, such as Next (see opposite), as a raft of big retailers ...