All articles by Nicola Harrison – Page 45
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NewsShopper support and discounts drive 45% like-for-like surge at HMV
HMV’s like-for-likes have surged since its collapse, rocketing 45% in recent days as shoppers took advantage of discounts and also showed support for the beleaguered entertainment retailer.
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NewsCarphone Warehouse UK like-for-likes surge 16% in third quarter
Carphone Warehouse UK has revealed a like-for-like surge of 16% in its third quarter, driven by sales of tablets, the phones retailer reiterates in full-year profit guidance.
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NewsIan Cheshire and Lord Wolfson back Prime Minister on Europe
Retailers including Kingfisher chief executive Ian Cheshire and Next boss Lord Wolfson have welcomed David Cameron’s pledge to hold an in-out referendum on Europe.
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NewsFootfall at HMV hits a high as its future hangs in the balance
Footfall at entertainment retailer HMV has surged in recent days as publicity about its potential closure sent shopper traffic to levels typically only seen at Christmas.
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NewsHilco frontrunner to acquire Jessops brand
Restructuring firm Hilco, which acquired HMV’s debt on Tuesday, is the frontrunner to acquire the Jessops brand and is understood to be hatching plans to open branded camera concessions in HMV’s stores.
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NewsIkea group profits jump as it lowers prices to boost sales volumes
Furniture giant Ikea’s group net profits jumped 8% to €3.2bn in the year to August 31 as the retailer benefitted from higher sales volumes and a focus on cost.
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NewsHMV receives 'substantial' interest from retailers for store estate
HMV’s store portfolio has received “substantial” interest from a range of retailers as the deadline for first round bids next week nears.
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NewsRestructuring specialist GA Europe eyes Blockbuster UK
Collapsed DVD rental chain Blockbuster UK is being eyed by restructuring firm GA Europe as administrators Deloitte prepare to close the first tranche of stores.
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NewsShoppers expected to spend £87bn online in 2013
Shoppers are expected to spend £87bn in 2013 following strong growth through the channel over Christmas.
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NewsGrocery volumes bounce back as supermarkets increase ad spend
Grocery revenue by volume bounced back into growth in the four weeks to January 5 as supermarkets upped their advertising spend over the Christmas period.
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NewsHMV receives 'more than 10' expressions of interest as Irish stores close
HMV’s administrator Deloitte is understood to have received “more than 10” expressions of interest in the entertainment retailer that collapsed on Tuesday.
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NewsGrocers and Amazon expected to benefit most if HMV was to shut
The big four grocers and Amazon are expected to be the biggest beneficiaries if collapsed entertainment retailer HMV were to shut all its stores and close down completely.
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AnalysisAnalysis: What next for HMV as it prepares to file for administration?
HMV is on the verge of collapse as it prepares to officially appoint Deloitte as administrator. With a strong brand and a lot of good will among the public and suppliers for the retailer, there is a chance the business could be bought out of administration in some form. Retail Week takes a look at the likely options on the table for administrator Deloitte.
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NewsHMV boss "convinced" retailer can be saved as it teeters on the brink
HMV boss Trevor Moore is “convinced” the business can be rescued despite the entertainment specialist putting Deloitte on standby as administrator.
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NewsUPDATED: HMV suspends shares and confirms administration beckons
Entertainment retailer HMV has suspended its shares and revealed it is set to call in Deloitte, as it filed a notice of intent to appoint an administrator.
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NewsClosure of all 187 Jessops stores starts as axe falls on 1,370 jobs
The closure of all 187 Jessops stores will begin today after administrator PwC said the retailer can no longer trade without supplier support.
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NewsJohn Lewis' first week of Clearance Sale drives 26% revenue uplift
John Lewis’ first full week of its Clearance Sale “continued momentum” from Christmas as turnover at the department store surged 26% to £91.8m in the week to January 5.
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NewsDebenhams to dramatically revamp Oxford Street flagship exterior
Department store Debenhams is dramatically revamping the exterior of its flagship on London’s Oxford Street for the first time in the shop’s 41-year history.
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NewsHealthy start to Boxing Day and January Sales for big-ticket retailers
Home and furniture groups report steady performance of Sales despite the impact of fewer shopping days because of the way the bank holidays fell during the Christmas period.
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NewsFormer Jessops chairman David Adams blasts HSBC over collapse
The former chairman of Jessops David Adams has criticised the collapsed camera specialist’s largest shareholder HSBC for dismissing “out of hand” a private equity-backed approach he claimed he made for the business last summer.