All articles by George MacDonald – Page 218
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NewsAppetite for grocers up despite FTSE 100 woes
As the FTSE 100 took a hit on renewed fears of a double-dip recession, investor appetite for food retailers was keener than for general merchandise groups.
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NewsCity approves of Swannell’s appointment as M&S chair
Relations between Marks & Spencer and the City are likely to thaw following the appointment of Robert Swannell to succeed Sir Stuart Rose as chairman of the bellwether retailer.
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NewsM&S makes tracks for rail distribution first
Marks & Spencer is to open its first distribution centre with a rail terminal as it proceeds with its 2020 business improvement strategy and Plan A sustainability programme.
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OpinionM&S’s online food for thought
Ocado’s share price since flotation and its ongoing attempt to become profitable will be of consuming interest to retail directors other than just the online grocer’s. Among them no doubt is Marks & Spencer chief executive Marc Bolland, who is gearing up to unveil his strategy this autumn.
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NewsTechnology and fashion sales hold up despite consumer focus on essentials
Technology products and fashion are among the few consumer spending categories to have delivered real terms sales growth in the last year and people remain focused on saving, a Mintel study has shown.
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NewsPrimark to open 75,000 sq ft Edinburgh flagship
Value fashion giant Primark is to open on Edinburgh’s Princes Street after winning planning approval for a 75,000 sq ft store.
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NewsCo-op profits rise despite Somerfield sales drag
Co-operative Group has posted a surge in first half profits but like-for-likes at its food arm fell because of disruption caused by the integration of Somerfield.
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NewsMarks & Spencer to press ahead with Midlands store closures
Marks & Spencer is to proceed with the closure of four stores in Lincolnshire and Warwickshire, which locals had campaigned to keep open.
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NewsSir Stuart Rose to stand down from Marks & Spencer in January, Robert Swannell confirmed as successor
Sir Stuart Rose will be succeeded by Robert Swannell as chairman of Marks & Spencer on January 4 next year.
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NewsNearly half of Woolworths’ stores still empty
Almost two years after Woolworths’ collapse, 40% of the variety group’s stores remain empty.
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NewsRobert Swannell tipped to become chairman of Marks & Spencer
HMV chairman Robert Swannell is being tipped to take the same role at Marks & Spencer.
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NewsJohn Lewis weekly sales rise 10.5%
Sales at department store chain John Lewis rose 10.5% to £51.4m last week as shoppers bought into the latest fashion trends.
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NewsMFI brand back from the dead following £250k deal
Brand relaunch marks a new chapter in the furniture retailer’s tumultuous history
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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AnalysisIain McGeoch
True to form, M&Co’s chairman and managing director is remaining tight-lipped on the value retailer’s recession-busting success
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsB&M Bargains completes Opus Homewares deal for £48m
Value group B&M Bargains has completed the acquisition of Opus Homewares for £48m, extending its presence north of the border and in Northern Ireland.