All articles by Gemma Goldfingle – Page 138
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NewsRestructuring specialist plots turnaround of HPJ Jewellers
Gordon Brothers understood to be negotiating rents on stores but has administrators on standby
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AnalysisInterest rates
With inflation still surging ahead of the Bank of England’s 2% target, a predicted interest rate hike this year could pose a threat to retail
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NewsKitbag sales soar with record Christmas
Sports retailer Kitbag had a record Christmas with December’s sales up 19.3% to £10.5m.
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NewsFlying Brands ups its stake in Dealtastic
Home shopping group Flying Brands has acquired a further 30% stake in discounting website Dealtastic.
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NewsConsumer price inflation rises to 3.7% in December
Consumer price inflation rose 0.4% in December to 3.7% over the previous month, the Office of National Statistics reported.
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NewsTesco Mobile chief executive quits
Tesco Mobile chief executive Lance Batchelor is leaving the supermarket.
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NewsCarphone confident in Best Buy big-boxes
Carphone Warehouse remains convinced there is “substantial opportunity” for big-box Best Buy stores in the UK and has reported a like-for-like sales rise at its core mobile business over Christmas.
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NewsThe Hut sales leap 70% in 2010
Online retailer The Hut’s sales jumped 70% for the year to December 31.
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NewsAsprey appoints new managing director
Luxury goods retailer Asprey has appointed former Smythson chief executive Paddy Byng as managing director.
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NewsCost of retail theft soars despite increased crime prevention spend
The cost of retail crime soared year-on-year in 2010 despite retailers investing more than £210m in crime prevention.
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AnalysisCash for gold
Tesco is taking advantage of rising gold prices. Is it good or bad news for pawnbrokers, and will other retailers be tempted to follow in the grocer’s footsteps?
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NewsShop Direct targets double-digit growth
Home shopping group Shop Direct is gunning for double-digit sales growth this year on the back of new brand launch Isme and expanded product lines across the group.
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NewsJJB Sports shareholders expect profits to return
JJB Sports’ biggest shareholder expects the troubled retailer will return to the black this year.
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NewsTesco starts selling tyres
Tesco is moving into the car parts trade when it launches a tyre-selling service online next month.
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NewsAnthropologie launches footwear in UK
US womenswear and homewares retailer Anthropologie is launching its first footwear department in Europe in its Kings Road store, London.
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NewsFashion brand Oli merges with Freemans
Fashion etailer Oli has merged with online department store Freemans.
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NewsGame like-for-like trend improves over Christmas
Game UK & Ireland like-for-likes have improved over the Christmas period, declining 0.5%.
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NewsHalfords retail sales plunge as bike sales slow
Halfords’ retail like-for-like sales plunged by 6.6% over its Christmas trading period as bike sales plummeted and full-year profits will be at the low end of expectations
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NewsNew Look sales plunge at Christmas
Fashion retailer New Look suffered a 9.1% plunge in like-for-likes at its core UK business during the peak Christmas period, when group sales slid UK 3.4%.
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NewsRetailers protest against Scottish rate hike
Major retailers across Scotland including Tesco, Marks & Spencer and John Lewis have protested against the Scottish Government’s proposed business rate hike for large retail stores which they warn will jeopardise job growth.