Ben Bold
- News
Fashion market bears brunt of the US’s economic woes
The US fashion market faces a gloomy 12 to 18 months, according to credit agency Moody’s.
- News
Carrefour sales soar
French supermarket giant Carrefour defied analysts’ forecasts by reporting first-quarter revenues of €23.38 billion (£18.6 billion) for the three months to March 31, despite trading in China being hit by anti-French protests over the Olympics.
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TK Maxx posts strong sales
TK Maxx's like-for-like sales rose 6 per cent in for the first quarter of this year in Europe.
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Waitrose drops 'Quality Food' strapline
Waitrose is to kick off its latest advertising this week with a campaign that brings an end to its seven-year-old slogan: “Quality Food, Honestly Priced”.
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Asda like-for-likes rise
Asda has reported a like-for-like sales hike of 6.4 per cent for the first quarter of 2008, which it attributes to increased customer footfall driven by lower prices and seasonal holidays.
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Asos to launch menswear catalogue
Online fashion retailer ASOS.com is to launch a menswear catalogue this week.
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Rising inflation deals rate blow
The annual rate of inflation leaped to 3 per cent in April, from 2.5 per cent in March, according to the Consumer Price Index (CPI).
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Shoppers expect to pay by fingerprint by 2015
60 per cent of the world’s shoppers believe that by 2015 they will be able to pay for shop purchases simply by scanning their fingerprints, according to research conducted by TNS.
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Natuzzi heads out of London with franchise stores plan
Luxury Italian furniture retailer Natuzzi wants to ramp up its number of UK stores by more than tenfold, by building a network of franchises in cities outside London.
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Shop price inflation slows in March
UK shop price inflation fell 0.2 percentage points to 1.1 per cent in March, which was the same level as November, according to the BRC-Nielsen Shop Price Index (SPI).
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Tesco stands by Guardian Group non-exec
Tesco has insisted it will not put pressure on non-executive director Carolyn McCall to leave the board, despite its legal wrangle with The Guardian newspaper, which is owned by the company she runs.
NewsSainsbury’s names Ken McMeikan’s successor
Sainsbury’s has promoted supply chain director Roger Burnley to the post of retail and logistics director, combining his existing role with that of outgoing retail director Ken McMeikan.
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Travis Perkins buys 30 per cent stake in Toolstation
DIY retail group Travis Perkins has agreed to pay £5 million for a 30 per cent stake in rival retailer Toolstation, with an option to buy the remainder of the business over the next few years.
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Baugur to focus on retail following disposals
Serial investor Baugur is selling its media, technology and financial services operations to raise £430 million to fund future retail acquisitions.
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Superdrug names new chief exec
Health and beauty giant Superdrug has announced that internal candidate Jeremy Seigal will replace outgoing chief executive Euan Sutherland with immediate effect.
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First quarter trading worst since 2006
The credit crunch has contributed to the highest number of negative trading statements from listed retailers since 2006, according to Grant Thornton.
- News
Debenhams considered Moss Bros bid
Debenhams has held secret talks about a potential bid for Moss Bros, according to The Sunday Times.