All News articles – Page 528
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NewsB&M bucks retail blues as full-year profits jump
B&M said it was well placed to prosper in the current “difficult economic environment” as profits and sales surged in its last financial year.
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NewsEx-HoF CIO Burnett to lead retail at IBM
House of Fraser’s former chief information officer Julian Burnett has been appointed as head of IBM’s UK retail division.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsDixons Carphone warns on profits in tough market conditions
Dixons Carphone has warned that profits in its new financial year are expected to fall and detailed plans to shutter more than 90 stores.
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NewsIn pictures: Debenhams and Estee Lauder’s new beauty hub
Estee Lauder has unveiled a multi-brand, tech-driven store-in-store in Debenhams’ Stevenage branch, with a further roll-out slated this year.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.
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NewsAgenda: B&M, Card Factory and consumer confidence data
Retail Week looks ahead to the next seven days, with updates from B&M and Card Factory, plus the latest consumer confidence figures, all on the agenda.
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NewsInditex hires new managing director for UK
Inditex has hired a new managing director for the UK and Ireland, choosing to promote from within.
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NewsCath Kidston names new boss to succeed outgoing Wilson
Cath Kidston has poached Melinda Paraie, an executive at American jewellery business John Hardy, to become its new boss.
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NewsMountain Warehouse eyes New Look stores as profits soar
Mountain Warehouse has posted its 21st consecutive year of sales growth boosted by overseas expansion as boss Mark Neale plots a Neon Sheep bricks-and-mortar roll-out.
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NewsMall owner Intu tests e-games and AI in tech tie-ups
Shopping centre group Intu has linked with seven start-ups to try new ways of complementing bricks and mortar with digital technology.
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NewsTesco terminates BRC membership following Booker merger
Tesco, the UK’s biggest retailer, is cancelling its membership of industry trade association the BRC.
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NewsHomebase sold to Hilco as Wesfarmers culls Bunnings UK
Wesfarmers, which bought Homebase two years ago, has disposed of the ailing DIY firm for just £1 following its disastrous attempt to launch Bunnings in the UK.
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NewsSainsbury’s ushers in new pay deal following consultation
Sainsbury’s has rubber-stamped plans to invest £110m in a new pay deal for staff following a consultation with workers.
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NewsB&Q sales slump as big freeze forces store closures
Kingfisher blamed “unusually adverse weather” for a dramatic drop in B&Q sales during its first quarter.
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NewsShop Direct falls into the red as cost of PPI bites
Very and Littlewoods owner Shop Direct swung to a loss in its third-quarter after it booked £100m to pay PPI claims.
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NewsTopshop swings to full-year loss as sales suffer
Arcadia-owned Topshop has swung to a full-year loss following a sharp drop in sales and impairment charges on its property.
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NewsM&S calls for new retail property model
Marks & Spencer chief executive Steve Rowe has added his voice to the chorus of concern over retail’s property cost crisis.
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NewsHomebase on brink of sale to Hilco or Alteri
Homebase, owned by Australian giant Wesfarmers, is believed to be on the brink of a sale as restructuring firms Hilco, Alteri and Endless table final bids.
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NewsM&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.