All articles by George MacDonald – Page 237
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NewsM&S considers taking Simply Food into Western Europe
Marks & Spencer has enlisted advisors to scout locations in Western Europe for Simply Food stores, it is understood.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsBest Buy International boss to make surprise departure
Bob Willett, chief executive of Best Buy International, is to leave the retailer just months before the US electricals giant makes its high-profile UK debut.
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NewsMarks & Spencer offers online shoppers 1p delivery
Marks & Spencer has kick-started its Christmas online sales campaign by offering shoppers delivery for a penny.
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NewsSainsbury’s posts 18.5% interim profits rise
Supermarket group Sainsbury’s has unveiled a leap in interim profits and said customer numbers have surged,highlighting how effectively it has responded to tough retail conditions.
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NewsTesco gains market share for first time in two years
Grocery market leader Tesco has increased its market share on a 12-week basis for the first time since 2007, the latest TNS data showed.
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NewsM&S targets £40m party food sales rise at Christmas
Marks & Spencer aims to boost sales of party food by up to 30% this Christmas on the back of three-for-two and half-price offers.
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NewsChip and PIN cards and sat-navs ‘most endangered’ technologies says DSGi
Chip and PIN credit cards, sat-navs and DVD players all feature on a list of 2010’s “most endangered technologies” compiled by DSGi-owned etailer Pixmania.com.
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NewsAsda posts flat profits and is ‘sold’ in internal Walmart deal
Asda, the Walmart-owned grocery and general merchandise giant, generated profit before tax of £520.4m last year.
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NewsGoldsmiths owner Aurum agrees refinancing
Aurum, the jewellery group formerly backed by Baugur, has agreed a debt for equity swap with lenders and said recent performance has been ahead of expectations.
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NewsMarks & Spencer and Next chiefs see market stabilising
Marks & Spencer executive chairman Sir Stuart Rose intends to trade the business at full price through the Christmas period on the back of improved consumer confidence.
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AnalysisChristmas spending
Retail’s traditional golden quarter is under way and store chiefs’ attention is pretty much devoted to achieving Christmas sales success. But will shoppers spend?
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NewsVictoria’s Secret unveils plans for launch in UK and Europe
US fashion and beauty giant Limited Brands has outlined plans to open Victoria’s Secret stores in strategic markets including the UK as part of an international expansion drive.
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NewsMarks & Spencer and Next results surpass expectations
Updates from the two biggest quoted fashion groups, Marks & Spencer and Next, pleased brokers as each retailer reported encouraging recent trading.
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.
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NewsAlmost 2,000 jobs to go as 373 First Quench stores close
The administrators of Threshers owner First Quench Retailing are to shut 373 stores, resulting in 1,738 redundancies.
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NewsHopes of recovery rise as Bank holds interest rates and injects £25bn into economy
The Bank of England has held interest rates at 0.5% for the eight month in a row and inject an extra £25bn into the economy in an attempt to stimulate recovery.
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NewsTM Lewin reports record profits
Men’s and womenswear retailer TM Lewin reported it has defied the downturn to deliver record profits and that the new financial year has started strongly.
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NewsBodycare backs down on poppy ban
Toiletries and beauty specialist Bodycare has ended a ban on staff wearing poppies after its policy prompted a storm of protest and intervention by an MP.