All articles by George MacDonald – Page 229
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NewsDFS sale is ‘Lord Kirkham’s call’
Sofa retailer’s founder considers refinancing alternatives as doubts rise over sale of the business
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NewsStores shares lifted as retail interest piqued
Stores shot ahead of the All-Share index as low valuations and vague talk of takeovers - such as potential private equity interest in Home Retail Group - prompted interest.
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NewsSir Stuart Rose to stand down from M&S in March 2011
Marks & Spencer chief executive Sir Stuart Rose will leave the retailer next March, earlier than he was obliged to.
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NewsPolice launch race probe into Walmart store announcement
Police have launched a race hate investigation after the broadcast of an announcement in a Walmart store ordering black people to get out.
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NewsPrivate equity firms confirm interest in DFS
Two private equity firms have reaffirmed their interest in buying sofa retailer DFS and a third is expected to do so, despite doubt about whether a sale will be concluded.
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NewsOcado to float after general election
Home shopping group Ocado has signalled its intention to launch an IPO after the general election.
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NewsBritish Bookshops on course for profitability after sale
Private equity firm Endless has sold British Bookshops & Stationers to its management for an undisclosed sum, it has emerged.
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NewsBlockbuster may put up stores as collateral to ensure DVD supplies
Troubled DVD rental group Blockbuster may have to put up Canadian stores as collateral after failing to secure bank credit for stock.
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NewsMarks & Spencer to pay bonus early to avoid 50% tax rate
Marks & Spencer has become the latest retailer to bring forward bonus payments in order to beat the 50% tax rate being introduced next month.
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NewsFrench Connection to sell Nicole Farhi and scale back US retail
Fashion group French Connection is selling its Nicole Farhi business and closing most of its US shops following a strategic review.
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NewsFashion and home deliver strong week for John Lewis
John Lewis reported that sales rose 15.9% year on year to £53.2m in its eponymous department stores last week.
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NewsAdvent considers Poundland sale
Private equity firm Advent has hired Close Brothers to advise on a possible sale of value retailer Poundland.
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News
Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.
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NewsRestructuring bears fruit as Flying Brands profits rise
Home shopping group Flying Brands strategy to focus on its core gardening and gift divisions is bearing fruit, the retailer said as it posted improved full-year results.
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NewsHome Retail profits to beat expectations despite Argos sales fall
A later than usual catalogue launch and wintry weather contributed to a like-for-like sales fall of 9.4% at catalogue store group Argos but parent Home Retail Group expects its full-year results to beat expectations.
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NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
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NewsVideo: Primark founder Arthur Ryan collects outstanding achievement award
Famously private Primark founder Arthur Ryan for once stepped into the limelight at the Oracle Retail Week Awards last night.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.