All Clintons articles – Page 10
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NewsDeals struck on 210 Birthdays stores but 800 jobs to go
Birthdays’ administrator Zolfo Cooper has accepted two offers for a total of 210 stores. The deals safeguard 1350 jobs but 800 will go as the remaining 132 shops will shut.
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Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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Clinton Cards in bid to buy back 150 profitable Birthdays shops
Clinton Cards wants to keep the Birthdays brand alive by buying back up to 150 stores, following its collapse into administration.
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OpinionOnce again, landlords are stuck between a rock and a hard place
After Stylo and JJB Sports, Clinton Cards placing Birthdays into administration is another sign of the times.
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NewsClinton hopes to retain selected Birthdays stores despite administration
UPDATED: Cards group Clinton intends to maintain an interest in Birthdays, despite placing the chain into administration.
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AnalysisService charges: Lip service to retailers or a plan of action?
The 10-point plan to reduce service charges announced last week promised action on an issue that has long infuriated retailers. Ben Cooper investigates how it is going to work in practice
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NewsM&S rounds off good week for retail stocks
Marks & Spencer spearheaded an advance by retail shares on Tuesday, when its fourth-quarter numbers defied downbeat expectations.The retail sector rose 6 per cent on the day, when there was also the successful refinancing of Clinton Cards and placings of Debenhams and Sainsbury’s shares. Improving sentiment towards retailers helped the ...
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NewsClinton Cards’ lending terms revised
Clinton Cards has insisted it will ride out the downturn as it renegotiated its lending terms and paid its quarterly rent bill in full.The retailer also said it has noticed an “upside” from the demise of Woolworths and Celebrations, and that its Birthdays chain in particular “picked up a bit” ...
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Clinton Cards profits slump but banking facilities renegotiated until 2012
Clinton Cards’ profit has plummeted but the retailer has successfully renegotiated its banking terms, which will be extended until January 2012.
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Clinton Cards enters talks to refinance
Clinton Cards is in informal discussions with its lenders as it seeks to renew its revolving credit facilities.
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Clinton Cards reveals dismal Christmas trading
Greetings cards group Clinton Cards has revealed it had a poor Christmas with like-for-like sales dropping 4.1 per cent in the five weeks to January 4.
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Clinton Cards sales tumble
Like-for-like sales at card retail group Clinton Cards fell by 6 per cent for the 16 weeks to November 16.
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Clinton Cards to focus on staff as it battles to revive performance
Clinton Cards will focus on staff and leadership skills to drive sales back up, after posting a 5.2 per cent fall in like-for-likes at its Clinton’s chain and a decline of 2.5 per cent at its Birthdays fascia for the nine weeks to October 5.
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Clinton’s sales plummet
Sales have plunged at greetings card specialist Clinton Cards in recent weeks, reflecting the tough trading environment.
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Clinton Cards managing director to stand down
Clinton Cards managing director Mike Bugler is to stand down at the end of January 2009.
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NewsClinton cards: the city view
Greetings card specialist Clinton Cards notched up a 1.2 per cent rise in third-quarter group like-for-likes, but is cautious about the outlook.
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Clinton posts flat sales
Clinton Cards’ sales were flat in its third quarter and it faces more challenging conditions on the high street.
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Stocks outperform market again as results season’s stars emerge
A raft of results and updates brought mixed news, but retailers’ stocks rose once again during the week and outperformed the market.
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Clinton profit hike bucks market
Greeting cards giant Clinton Cards registered an 18 per cent jump in adjusted net pre-tax profits in the half year to January 27.