All Retail Week UAT articles in November 27, 2009 – Page 3
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NewsRetail sales at Ted Baker rise as UK fares well
Retail sales at fashion retailer Ted Baker climbed 19.8% over the 13 weeks to November 14, as strong UK sales growth offset difficult trading in overseas markets.
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NewsHigh price tag for Matalan likely to attract calls for earn-out clause
Potential buyers of value retailer Matalan are likely to demand an earn-out or similar clause in any deal with founder and owner John Hargreaves.
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NewsWestfield assures on charges at Stratford
Westfield has attempted to allay retailers’ fears about rising service charges at its upcoming Stratford development in east London.
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NewsThreshers pension fund assessed for protection
The First Quench Retailing pension scheme could be passed to emergency agency the Pension Protection Fund in the wake of its administration.
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsAsda and Tesco: winners from Woolworths’ collapse
Grocery giants Asda and Tesco have scooped the lion’s share of defunct variety store group Woolworths’ sales.
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NewsSports Direct appoints non-executive chairman
Sports Direct has finally hired a non-executive chairman after searching since May 2007, when David Richardson dramatically quit the sports retailer’s board just three months after it floated.
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NewsJaeger brings in web application to manage brand
Jaeger is to use web-based applications for brand management to support its international expansion.
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NewsPets at Home anticipates bumper Christmas
The pet specialist retailer is anticipating a bumper Christmas, hoping shoppers will take advantage of its “best ever Christmas range”.
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NewsAnthropologie’s London debut a hit, says owner
US giant Anthropologie’s debut in the UK has been hailed an early success by its parent company, which said it “generated the second best opening day sales in our history”.
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NewsCompliance with PCIDSS among retailers jumps
There has been a big leap in the number of UK retailers that are compliant with the Payment Card Industry Data Security Standard (PCIDSS) in the past year.
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NewsTurnaround on horizon for Blacks after successful CVA
Blacks Leisure will focus on refreshing its portfolio after its company voluntary arrangement (CVA) was passed by landlords, shoring up its future.
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NewsSainsbury’s takes Tesco site after competition ruling
Sainsbury’s has bought a former Co-op site in Slough after previous owner Tesco was ordered to sell it by the Competition Commission.
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OpinionMorrisons after Marc Bolland
The high value attributed to Morrisons chief executive Marc Bolland was evident in the share price reaction when it emerged last week that he was jumping ship to Marks & Spencer. M&S jumped 6% on the news, while Morrisons was down 5%, and Bolland was dubbed the billion-dollar man.
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AnalysisLife after Woolworths
The collapse of Woolworths left 27,000 people looking for work. Joanna Perry catches up with some of them and hears what they did next.
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OpinionRetail surgery: Renewing leases when a landlord goes into administration
One of our landlords has gone into administration. Will we still be able to renew our leases?
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GalleryStore of the week: Simon Carter Accessories, Mayfair
It’s a shade over two years since Moss Bros opened the first Simon Carter fashion store in London, and at the time it looked a promising debut.
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News
Sears reports £78m net loss
Sears has reported a $127m (£78m) net loss for the third quarter ending October 31.Revenues declined $470m (£288m) to $10.2bn (£6.2bn) due to lower like-for-like sales and 56 fewer Kmart and Sears full-line stores. However, this was partially offset by an increase of $42m (£26m) due to the impact of ...
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Harvey Norman posts a 40% increase in pre-tax profit for the first half
Electricals retailer Harvey Norman posted a 40% increase in pre-tax profit for the first half.Current trading is being driven by strong franchise store sales growth and increased confidence among consumers as the impact of the global financial crisis begins to ebb.Sales for the period jumped 7.7% to AUS$1.93bn (£1.02bn), while ...