All General merchandise articles – Page 199
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NewsUncertainty hits food and general retailers
The week in retail was dominated by the surprise announcement of Sir Terry Leahy’s plans to retire as chief executive of Tesco next March. Tesco shares fell more than 2% on Tuesday as the City digested the news, but analysts were happy with the appointment of Tesco veteran Phil Clarke ...
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NewsPark Group sales grow 5%
Christmas savings and voucher specialist Park Group said sales grew 5% in its full year to March 31.
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NewsStrong year for Halfords as profits grow 26.7%
Pre-tax profits at Halfords soared 26.7% to £117.1m beating analyst expectations in its full year to April 2.
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NewsM&S could grasp £300m food opportunity
Marks & Spencer’s improved strength in general merchandise enables new chief executive Marc Bolland to focus on a £300m opportunity in food, according to UBS.
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NewsSmythson chief executive exits
Smythson chief executive Paddy Byng is to step down from the upmarket stationers and leather goods retailer at the end of the month.
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NewsProfits soar at pawnbroker Albemarle & Bond
Pawnbroker Albemarle & Bond is plotting more stores as cash-strapped consumers helped pre-tax profits soar 75% to £10.8m.
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News
Bim Q1 proftis up 20%
Hard discount retailer Bim reported that its net profit rose 20% in the first quarter of 2010, up to TRL66m (£28.5m), and is on track to beat its 2010 profit and turnover targets. Sales climbed 29% to TRL1.58bn (£682.69m).
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NewsClinton Cards like-for-likes dip
Clinton Cards has reported like-for-like sales excluding VAT were 1.7% lower in the 13 weeks to May 13 than the same period the previous year.
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NewsSir Stuart Rose admits he considered taking M&S private
Sir Stuart Rose, the chairman of Marks & Spencer, has admitted he considered taking the chain private to allow it to concentrate on long-term planning.
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NewsShop price inflation rises to 2% in April
Shop price inflation rose to 2% in April, up from the 1.2% recorded in March.
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NewsPoundland sold in £200m deal
Value retailer Poundland has been bought by US private equity house Warburg Pincus.
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NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
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NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
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NewsRetailers make their mark in Sunday Times Rich List
Retailers have once again featured prominently in the Sunday Times Rich List, with many climbing up the list after a successful year, with some cashing in on retail floats and demergers.
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NewsBridgepoint in exclusive talks to buy HobbyCraft
Bridgepoint Capital is poised to buy HobbyCraft, Retail Week has learned.
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NewsFlying Brands’ garden division suffers from bad weather
Flying Brands’ garden division has been behind expectations due to bad weather with sales of bedding plants during spring.
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NewsAsda plans 150 Living stores in bid to be UK’s leading non-food retailer
Asda has confirmed that it is aiming to become the UK’s biggest non-food retailer by growing the number of Asda Living stores fivefold to 150.
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NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
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OpinionAim high for long-term loyalty
Loyalty is more about products and service, and less about promotions, says Jacqueline Gold
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NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.