All articles by George MacDonald – Page 236
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NewsTesco unveils broadband ambitions
Tesco is to take on broadband telecoms players such as BT, TalkTalk and Virgin media as it targets extra profits of £200m annually.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsSir Stuart Rose: ‘I don’t believe in retirement’
Video: Sir Stuart Rose will never take a retail chief executive’s role again, he said on Wednesday.
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OpinionIPO hopes hang on Christmas
The Christmas selling season got off to its now traditional start this week: Debenhams held a Sale.
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AnalysisNick Robertson: making waves in etail
As Asos posted rocketing sales again this week, George MacDonald examines how an advertising man with no retail background has managed to set the bar so high in etail.
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NewsGrocers lead the way as retail shares rise
A raft of results generally in line with expectations and signs of corporate activity returning to the sector helped general retailers keep pace with the index, but food groups were the week’s stars.
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NewsNew occupants for 75% of Woolies stores a year after demise
Three quarters of the 800 former Woolworths stores are let or under offer as the anniversary of the variety store group’s collapse approaches.
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NewsRetail sales up 3% in October, ONS calculates
Retail sales rose 3% by value year-on-year in October and volume was ahead 3.4%, the Office of National Statistics reported. The month on month rise was 0.4%.
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NewsProfits motor ahead at Halfords
Motor accessories and leisure group Halfords has posted a 24% rise in first-half profits and is confident of meeting full-year expectations.
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NewsMarc Bolland named chief executive of Marks & Spencer
Morrisons boss Marc Bolland will succeed Sir Stuart Rose as chief executive of M&S, beginning in the new year.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.
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NewsM&S launches £225m bond buy-back
Marks & Spencer has launched an offer to buy back up to £225m of corporate bonds and, subject to take-up, issue new debt with longer maturity.
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NewsConsumer prices inflation rate reaches 1.5%
Consumer price inflation rose during October for the first time since February.
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NewsTesco joint venture to build malls in China
Tesco is to build three shopping malls in China after forming a property joint venture with local partners.
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Online secret Sales take off as Christmas battle hots up
Retailers are staging a host of “secret Sales” as the Christmas selling season kicks off in an attempt to win spend during the all important golden quarter.
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OpinionMarks & Spencer takes a bigger bite
The long siege of Marks & Spencer’s food division by grocery rivals has not yet been lifted, but the defence is looking more confident and the fight is increasingly being taken to the opposition.
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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AnalysisNeed to know: Quantitative easing
Last week the Bank of England decided to inject a further £25bn into the economy as part of its quantitative easing programme. But is it helping retailers?
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NewsAsda sales growth slows as lower inflation takes toll
Asda, the Walmart-owned grocer and general merchandiser, has reported a slowdown in sales growth and said it would save shoppers £150m this Christmas.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.