All articles by Emily Seares – Page 7
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News
Kate Swann offered £5m bonus scheme
WHSmith chief executive Kate Swann has been offered a new three-year pay deal, which could earn her up to 5 million in the next three years.
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News
John Lewis sales climb
John Lewis Partnership unveiled sales up 7 per cent to 71 million, in the week to November 17, as consumer spending appeared to be on the up despite recent fears.
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News
Ahold appoints chief executive
Dutch food giant Ahold has promoted John Rishton, who has been acting chief executive since July, to president and chief executive with immediate effect.
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Analysis
Saving the pound
When Jim McCarthy was parachuted in to revive discount giant Poundland, sales were falling in a saturated discount market. Emily Seares finds out how he brought the chain back to life
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News
3i buys Agent Provocateur
Private equity group 3i is to acquire lingerie retailer Agent Provocateur and intends to expand the business.
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News
Retailers warn toy shoppers of online danger this Christmas
Shoppers have been warned that potentially dangerous recalled toys are being sold online in the run-up to Christmas.
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News
Sliding sales volumes bode ill for Christmas
Retail sales volumes slid 0.1 per cent between September and October, with the largest decreases occurring in textiles, clothing and footwear, according to the Office for National Statistics (ONS).
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News
Asda co-operates with OFT over price-fixing inquiry
Asda is co-operating with the Office of Fair Trading (OFT), as the long-running investigation into the price-fixing of milk, cheese and butter draws to a close, according to a report in The Daily Telegraph .
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News
Woolworths' quest for £100 million loan fuels demerger speculation
Variety store group Woolworths is reportedly seeking 100 million in new loans against its successful EUK distribution business, adding to speculation that a demerger is on the cards.
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News
Online shopping set to soar this Christmas
Shopping online is expected to double to 14 per cent this Christmas, compared with 7 per cent last year, as consumers defy the credit crunch and continue spending.
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News
October like-for-likes climb in Central London
October’s retail like-for-like sales in Central London rose 11 per cent, bolstered by overseas shoppers, according to the BRC.
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News
Department stores set for growth
Department stores have a bright future, with the sector’s growth rate forecast to double in the next five years, according to a report by Verdict.
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Signet sales shine
Group like-for-like sales at jewellery retail giant Signet rose 3.2 per cent in the 13 weeks to November 3, in line with the first half. Total sales increased 10 per cent to US$678.7 million ( 321.7 million).
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News
Sports Direct offloads Amer stake
Sports Direct, the sportswear group run by controversial entrepreneur Mike Ashley, has sold its stake in Finnish sports equipment manufacturer Amer Sports for about 116 million.
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News
Door slammed on Sainsbury's takeover
Sainsbury’s has formally confirmed that any talks regarding a possible takeover by Delta Two have ended – the deadline for an offer was today.
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News
Shop prices up on last year
October shop prices were 1.1 per cent higher than last year – the highest monthly rise so far this year, according to the BRC-Nielsen Shop Price Index.
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News
Shareholders back Coles takeover
Shareholders at Australian retail giant Coles Group have voted in favour of a US$16.6 billion ( 7.89 billion) takeover by rival Wesfarmers. More than 99 per cent voted in favour.
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News
Woolies and Argos hit by another toy fiasco
Woolworths and Argos have had to remove the popular children’s craft toy Bindeez from shelves following concerns that it may contain a potentially lethal hallucinogenic drug.
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News
BRC warns of downward trend
Retail sales growth remained sluggish in October and below the monthly average for the past two years, according to the British Retail Consortium.
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News
CBI survey highlights mixed fortunes for retailer
The high street is continuing to feel the pinch, with sales growth for October at its slowest for almost a year.