All articles by George MacDonald – Page 190
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OpinionKingfisher turns the page
The collapses of furniture retailers such as Floors2Go in the last month served to show that the furniture and home sectors are in a run-down state – a verdict reinforced by the BRC retail sales data this week.
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AnalysisMichael Sharp
After almost 15 years at Debenhams the new chief executive is well placed to pick up where Rob Templeman left off. George MacDonald reports
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NewsSales slide at Argos
Argos suffered another big sales decline in its second quarter, but the retailer is confident that consumers will spend this Christmas.
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NewsJessops confident as it posts full-year figures
Cameras specialist Jessops posted a gross profit of £87.7m last year and is confident of renewal of banking facilities in November.
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NewsShop price inflation slows in August
Shop price inflation slowed in August to 2.7% compared to 2.8% in July.
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NewsLike-for-likes slide 7% at Dixons
Electricals group Dixons, owner of Currys and PC World, has posted a 7% fall in group like-for-like sales but will meet full-year profit expectations
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NewsHarsh trading conditions prompt redundancies at Arcadia
Fashion giant Arcadia expects to make redundancies at its head office to improve efficiency and make best use of resources in tough trading conditions, but the retailer will continue to invest in growth.
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NewsSainsbury's poaches group property director from Dixons
Sainsbury’s has poached Dixons group property director Philip Bell-Brown to become its director of property development.
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NewsMarks & Spencer strengthens brand marketing team
Marks & Spencer has bolstered its marketing team to help achieve chief executive Marc Bolland’s aim of turning some of its ‘labels into real brands’.
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NewsRetail sales hold up in August, despite riots
Last month’s riots in English cities had little impact on retail sales, which edged down 0.6% like-for-like during August.
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NewsJohn Lovering named chairman of Maplin
Veteran dealmaker John Lovering has been appointed non-executive chairman of Maplin, the electricals specialist owned by Montagu Private Equity.
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NewsDebenhams claims retail world-first with smartphone innovation
Department store group Debenhams has claimed a retail world-first after deploying innovative smartphone technology to bring print ads to life.
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NewsClinton asks landlords to stagger September rent
Greetings cards specialist Clinton Cards has asked landlords if it can pay its September rent in stages to ensure smooth cashflow.
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NewsLeahy: 'no danger of double-dip recession'
Britain is not heading for a double-dip recession, former Tesco chief executive Sir Terry Leahy believes.
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NewsElectricals drive weekly sales rise at John Lewis
Sales at department store chain John Lewis rose 1.4% last week to £58.6m, when electricals and home technology was once again the top performing category.
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NewsBig names suffer amid tough trading concerns
Shop stocks were out of favour in the wake of a profit warning from Topps Tiles, with bearish notes on some of the sector’s biggest names and general heebie-jeebies about trading.
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News
Analysts confident the only way is up for retail shares
Analysts believe store stocks are unlikely to crash further, despite big-name retail shares plunging last week, when specialist Topps Tiles also issued a profit warning.
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Opinion
Time to make a judgement call
Two of the retailers most mauled by the bears update next week, electricals group Dixons and Argos owner Home Retail.
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NewsTempleman exits Debenhams as Sharp takes over the hot seat
Rob Templeman formally hands over the reins at department store group Debenhams on Monday, when he will be succeeded as chief executive by Michael Sharp.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.