All articles by George MacDonald – Page 113
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NewsTesco profits rise in ‘strong year of progress’
Tesco has posted a rise in annual sales and earnings as it prepares for further growth following its takeover of Booker.
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NewsStore openings slow during tough year for retailers
New high street store openings slipped to the lowest level since 2010 last year.
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OpinionOpinion: Challenge facing Mothercare's new, new boss
Mothercare, it is understood, is the latest retailer to be considering a CVA and could shut about a third of its 143 shops if it proceeds.
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NewsUpdate: Conviviality sells wholesaler to Magners owner
Magners cider owner C&C, backed by brewing giant AB InBev, has snapped up the Matthew Clark and Bibendum distribution businesses from embattled Conviviality.
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OpinionConviviality – the dangers of glass-half-full attitudes
Success in retail often turns on a sixpence and, in attempting to pull off that difficult manoeuvre, drinks specialist Conviviality careered spectacularly off course.
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NewsHouse of Fraser investor to provide £30m cash injection
House of Fraser’s Chinese investor has pledged to provide about £30m to the embattled department store group.
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NewsHeavy rain drives shoppers off high streets over Easter
Retailers endured soggy trading conditions over the Easter bank holiday as bad weather hit shopper traffic.
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NewsConviviality faces investor legal action threat
Conviviality may be sued by investors who believe they were misled about the retailer’s performance.
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NewsBunnings seeks buyers as Lazard brought on board
Bunnings owner Wesfarmers is scouting for potential buyers of its UK DIY chain and has drafted in Lazard to advise.
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AnalysisWill autonomous cars drive next big retail shift?
Driverless cars are expected to be on Britain’s roads in just three years’ time. How could they impact retail?
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NewsNext profits fall after ‘most challenging’ year
Next has reported a slide in annual earnings after what chief executive Lord Wolfson described as the “most challenging year” in more than two decades.
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VideoThe Retail Week: Are store closures the answer?
In a week when New Look’s CVA was voted through and Carpetright admitted it was considering one of its own, we debate whether store closures are the solution to retail’s problems.
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OpinionOpinion: Showcasing retail at its very best
There’s more to retail than turning a profit. As this year’s Retail Week Awards sponsored by Salesforce have highlighted, recognition for a job well done goes beyond figures.
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NewsM&S’ Berendji adds property to role in top team changes
Marks & Spencer has promoted Sacha Berendji to the newly created role of retail, operations and property director.
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AnalysisStore woes: As CVAs mount, how many shops do you need?
Events today have thrown into stark relief the pressure on underperforming stores and urgent need for action by some retailers.
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NewsSainsbury’s ploughs £150m into new round of price cuts
Sainsbury’s has initiated a new round of price cuts which it says should reduce the price of an average family shop by 8%.
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AnalysisAnalysis: John Lewis will be 'a place to shop, do and learn'
Opened 10 years ago in White City, Westfield London’s most significant development will be unveiled this week – the opening of 740,000 sq ft more trading space.
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NewsConviviality considers equity fundraising in cash crisis
Conviviality, the embattled drinks retailer and wholesaler, has had “constructive discussions” with lenders and support from stakeholders as it addresses a funding crisis and may launch equity fundraising as it seeks to stabilise.
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NewsTesco shares climb as JP Morgan turns buyer
Tesco’s tie-up with wholesaler Booker has won over big broker JP Morgan, which has become a buyer of the grocer’s stock for the first time in five years.
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NewsClaire’s UK business safe despite US bankruptcy fears
Claire’s Accessories’ UK business does not face looming closure, despite reports that the retailer’s core US business may file for bankruptcy.