All articles by George MacDonald – Page 223
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NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.
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NewsAsda aims to absorb VAT rise
Grocery and general merchandise giant Asda intends to shelter shoppers from the worst of the VAT rise in the new year.
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NewsRetail sales fall in June lower than expected, CBI reports
Retail sales fell in June, although to a lesser extent than had been expected, the CBI Distributive Trades Survey showed.
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NewsComet to refurbish stores after profits rise
Electricals retailer Comet is to refurbish 40 stores his year as it seeks to respond to the revival of arch-rival DSGi and the touchdown of US powerhouse Best Buy.
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NewsB&Q to open small city centre stores
DIY retailer B&Q intends to open small-format city centre stores in the UK after the success of similar pilot stores run by parent Kingfisher overseas.
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NewsHMV withdraws 'anti-English' World Cup goods from Scottish stores
Entertainment retailer HMV is withdrawing Anyone But England World Cup T-shirts and other merchandise from Scottish stores after accusations of racism.
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NewsBoots to open nurse-led clinics and may bid for NHS services
Health and beauty giant Alliance Boots may provide NHS care through its chain of high street chemists’ stores.
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NewsWHSmith to launch book club with Richard and Judy
WHSmith has struck a deal with TV personalities Richard Madeley and Judy Finnegan to reprise the pair’s book club.
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NewsTesco faces AGM revolt over pay
Tesco faces the prospect of an investor revolt at its AGM next month over “excessive” executive pay, singling out US boss Tim Mason as an example.
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NewsWorld Cup sales boost for John Lewis
World Cup enthusiasm helped lift sales at John Lewis and Waitrose stores last week.
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NewsCity takes Q1 grocery slowdown in its stride
Grocers lagged the market as lower food price inflation contributed to lacklustre first-quarter like-for-like growth at Sainsbury’s and Tesco - 1.1% in each case before the VAT change is taken into account.
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AnalysisThe changing consumer
Unprecedented economic developments have impacted on consumers. Are they ready to spend again? Here, some of the industry’s major players discuss retail’s brave new world. By George MacDonald
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NewsM&S manages to reduce theft for first time in more than a decade
Marks & Spencer cut theft from its stores for the first time in more than a decade last year, in stark contrast to the sector as a whole, which suffered a recession-fuelled crime wave.
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OpinionA matter of quality
Quality of management is typically one of the focal points for investors in any business. And in these celebrity-obsessed times, a business version of X Factor is often played out when retail’s big roles are up for grabs
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NewsConsumer price inflation falls to 3.4% in May
Consumer prices index (CPI) inflation fell to 3.4% in May from 3.7% in April year-on-year, the Office for National Statistics reported.
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NewsFirst England match hits shopper numbers
England’s first World Cup game hit shopper numbers on Saturday, when footfall fell by 4.7%.
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NewsJohn Lewis weekly sales rise 24%
All of John Lewis’s shops put in a better year-on-year performance last week, when the department store chain’s sales rose 24.6% to £55.4m.
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NewsSir Ken Morrison: ‘Marc Bolland was no retailer’
Morrisons founder Sir Ken Morrison has launched a scathing attack on Marc Bolland, the grocer’s former chief executive who jumped ship to lead Marks & Spencer.
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NewsRetail shares rebound after last week’s blow
Food and general retail stocks alike bounced back after last week’s plunge, both outperforming the All Share index.
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AnalysisJohn Clare: Can he revive revive JJB Sports?
The former DSGi chief faces a tough challenge to resuscitate JJB as its newly appointed chairman. George MacDonald assesses his credentials