All articles by George MacDonald – Page 208
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NewsGoldsmiths-owner Aurum reports 'outstanding' Christmas
Jewellery group Aurum has reported an “outstanding” Christmas, helped by improved availability and ranging.
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NewsFlying Brands warns on profits
Home shopping group Flying Brands has issued a profit warning after disastrous disruption of Christmas trading as a result of the snow.
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NewsConsumers will still carry on shopping, M&S chief believes
Marks & Spencer chief executive Marc Bolland does not expect consumer demand to fall off a cliff this year, despite an expected squeeze on income and economic uncertainty.
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OpinionChristmas was duff, but no need for panic
The feel-good factor has been in short supply this new year. Minus numbers have figured prominently in January’s trading statements and the implications of harsh realities such as VAT and rising business costs loom large in store chiefs’ minds.
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NewsInvestors still cold on the retail sector
General retailers and grocers were both left on the shelf by investors and the market was flat overall.
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NewsBritish Bookshops becomes first retail casualty of 2011
Bargain bookseller British Bookshops & Stationers has collapsed into administration, becoming the first retail casualty of 2011.
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News
Thorntons sales melt in cold weather
Thorntons, the specialist chocolatier, reported like-for-like sales down 5.9% in company-owned stores over Christmas as the snow kept shoppers away.
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NewsDixons sales suffer as snow takes toll
Electricals market leader Dixons, owner of Currys and PC World, reported a 4% fall in like-for-likes at its core UK business over Christmas.
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NewsArgos-owner Home Retail reports better than expected Christmas
Argos-owner Home Retail Group took a sales hit of between £20m and £30m hit over Christmas because of the snow but full-year profits are likely to be better than feared.
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NewsRetail sector like-for-likes fell 0.3% in December
The stores sector suffered a like-for-like sales decline of 0.3% during the crucial month of December as snow hit sales.
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NewsMarks & Spencer posts 2.8% Christmas like-for-like sales rise
Retail bellwether Marks & Spencer generated UK like-for-like growth of 2.8% and market share gains over the Christmas period, despite arctic weather conditions.
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NewsKingfisher launches tender offer for £100m of notes
International DIY group Kingfisher is to cut debt and improve its return on cash by purchasing up to £100m of loan notes from holders.
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NewsOFT called upon to block Tesco takeover of Mills
Convenience retail trade body the ACS has called on the OFT to stop the takeover of Mills Group by Tesco’s c-store business One Stop.
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NewsAndy Bond named chairman of Republic
Former Asda chairman and chief executive Andy bond has been named chairman of private equity-backed fashion retailer Republic.
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NewsStore chiefs to attend Cameron jobs summit
Top retailers are expected to attend a jobs summit to be held by Prime Minister David Cameron on Monday and designed to shift the agenda away from cuts to economic recovery.
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NewsPawnbroker H&T lifts profit guidance
Pawnbroker H&T expects to beat City profit forecasts for the year just ended as a result of the rising price of gold and record lending to customers.
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NewsJD Sports' profits to beat expectations after strong Christmas
Fashion group JD Sports will make higher full-year profits than expected after Christmas trading beat expectations.
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NewsBrokers tip share price stars as 2011 set to be a tough one
Kingfisher, Marks & Spencer, Dixons Retail and Dunelm are among brokers’ retail stock picks for 2011.
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OpinionNext offers lessons for a difficult 2011
The shape of things to come for retailers in 2011 was evident in this week’s updates from Next and HMV.
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AnalysisRose: the legacy
After almost seven years, Sir Stuart Rose has finally cut his links to Marks & Spencer. How big an impact did he have on the retailer, asks George MacDonald