All articles by George MacDonald – Page 242
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NewsSpending 'hardly affected' by VAT cut
Consumer spending was hardly affected by last year’s reduction in VAT, a survey has revealed.
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OpinionTiring Tesco still leads the supermarket race
Once attacked for being all-powerful, Tesco is now being criticised for apparently relaxing its vice-like grip on the retail market.
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NewsBrokers divided as Tesco ups food ante
The retail rally lost momentum last week, although store groups were well up year on year.
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OpinionCompetition still hot in grocery
So farewell then – for now – to Paul Foley. The Aldi UK boss’s abrupt departure last week led to speculation that the wheels have come off his juggernaut.
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NewsFormer Boots boss Richard Baker joins private equity firm Advent
Former Alliance Boots chief executive Richard Baker has joined private equity group Advent International as an operating partner.
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NewsFocus CVA plan has ‘strong chance of success’
DIY group Focus’s CVA proposal has “a strong chance of success”, said Seymour Pierce analyst Freddie George after a company visit.
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NewsClothing sales rose in early summer but discounting rife, TNS reports
Good early summer weather helped fashion retailers put in their best performance since last November.
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NewsWaitrose outperforms grocery market, latest TNS data shows
John Lewis-owned supermarket chain Waitrose raced ahead of rivals in recent months to post market-leading growth while discounters’ performance continued to slow.
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NewsPrice inflation remained at 1.8% in July, ONS reports
The Consumer Prices Index (CPI) inflation rate remained unchanged at 1.8 per cent in July, confounding expectations that there would be another fall.
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NewsHalfords finance boss joins Dunelm as non-executive director
Halfords finance director Nick Wharton has been appointed a non-executive director of value homeware group Dunelm.
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NewsSurprise fall in US retail sales
US retail sales suffered an unexpected slip in July, when they fell by 0.1 per cent.
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NewsDSGi poaches John Lewis man to be web chief
Electricals group DSGi has poached a John Lewis online boss to become ecommerce director in charge of its UK websites.
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NewsBest Buy threat to UK players overblown, analyst says
The threat posed by US giant Best Buy’s UK launch to electricals specialists DSGi and Kesa has been overblown, believes broker Shore Capital.
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OpinionHome comforts
There are new signs of bounce in the hard-pressed homewares and furniture market, on which the springs went more than a year ago.
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NewsRetail rally tails off as stocks underperform
The meteoric rise of the stores sector tailed away over the week and general retailers underperformed their food peers and the market.Of the biggest 10 retail stocks, eight were down, including Next and Kingfisher despite some bullish notes on both.The latest BRC sales data showed 1.8% like-for-like growth in July ...
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NewsFormer Marks & Spencer boss Barry Stevenson to head Albemarle & Bond
Former Marks & Spencer retail director Barry Stevenson is to become chief executive of pawnbroker Albemarle & Bond.
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NewsMorrisons to create an extra 2,000 jobs
Supermarket group Morrisons is to create an additional 2,000 jobs in 2009 – 40% more than the 5,000 originally expected.
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NewsBBC wins 2entertain case against Woolworths administrator
The BBC’s commercial arm, BBC Worldwide, has won a court case against Woolworths’ administrator Deloitte over the value of joint venture 2entertain.
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NewsKaupthing retailer loans investigated
Details of loans made by collapsed Icelandic bank Kaupthing to a company owned by retail entrepreneur Kevin Stanford have been passed to criminal investigators in Iceland.
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NewsOFT refers Sports Direct acquisition of JJB Sports stores to Competition Commission
The Office of Fair Trading has referred Sports Direct’s acquisition of 31 stores from rival JJB Sports to the Competition Commission.