All articles by George MacDonald – Page 245
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NewsMichael Jackson’s death prompts album sales surge
The sudden death of pop legend Michael Jackson has prompted a surge in sales of his albums.
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NewsMarks & Spencer launches pick ’n’ mix sweets
Marks & Spencer will take advantage of the demise of Woolworths by launching a pick ‘n’ mix sweets range in 100 shops from September.
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NewsMamas & Papas unveils Japanese expansion deal
Maternity specialist Mamas & Papas is to launch in Japan after striking a distribution deal with local nursery goods group Pigeon Corporation.
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NewsJohn Lewis celebrates ‘excellent’ sales week
John Lewis department stores put in their best sales performance of the year so far last week when turnover rose 2.2 per cent.
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OpinionWho is the right face for Marks & Spencer?
Whether Sir Stuart Rose stays on as Marks & Spencer’s executive chairman until 2011 or goes early, what matters is getting the successor right.
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NewsShock Kesa results top poor week for retail sector
Stores underperformed the market despite some impressive recent updates, and Anglo-French electricals group Kesa provided a reminder of how tough conditions remained with shocking results on Wednesday.
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News
Administration looms for Allied Carpets division
Allied Carpets Properties, a subsidiary of the carpets retailer, has filed notice of intention to appoint an administrator. BDO Stoy Hayward is understood to have been lined up for the role.
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NewsClinton Cards buys 196 Birthdays stores
Cards retailer Clinton Cards has confirmed the acquisition of 196 Birthdays stores from administrator Zolfo Cooper.
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NewsBack AGM resolution to split Sir Stuart Rose’s role, Pirc urges M&S shareholders
Influential shareholder adviser Pirc has added its voice to growing calls for Marks & Spencer to appoint an independent chairman next year.
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NewsMorrisons and Sainsbury’s growth outpaces Aldi, TNS reports
Food shoppers “have started to revert to pre-recession behaviour” and established big grocers are outpacing discount stars such as Aldi, latest TNS Worldpanel grocery data showed.
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NewsM&S chiefs waive share entitlements
Marks & Spencer executive chairman Sir Stuart Rose and executive director Steve Sharp are to waive share entitlements in the interests of “good shareholder relations”.
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NewsJohn Lewis beats strikes and floods to post weekly sales rise
Sales at John Lewis department stores rose 0.4 per cent in the week to June 13, bringing the sales decline for the year so far to 4.8 per cent.
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NewsRetail rents to plunge 20% by end of 2010
Retail rents are expected to drop by 20 per cent by the end of 2010 as recessionary conditions force landlords to offer stores better terms.
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NewsHouseholds better off but still reluctant to spend
The average household’s discretionary income has risen by 25 per cent to £1,075 over the past 12 months, but consumers remain cautious about splashing out in stores.
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OpinionDSGi begins to show spark
Electricals rivals Kesa and DSGi both post full-year results next week. There hasn’t been much spark in either lately. But as Best Buy limbers up to take on the European incumbents next year, there are signs that the pair are getting into shape.
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NewsSainsbury’s and Tesco updates cause a stir
Big grocers took the spotlight this week as Sainsbury’s and Tesco issued first-quarter updates. And what the pair had to say has implications for the entire retail sector.
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NewsSuperdrug hiring of Steve Jebson fuels ‘son of Woolies’ doubts
Former Woolworths commercial director Steve Jebson has been appointed to the same role at Superdrug, the health and beauty giant owned by AS Watson.
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NewsDeals struck on 210 Birthdays stores but 800 jobs to go
Birthdays’ administrator Zolfo Cooper has accepted two offers for a total of 210 stores. The deals safeguard 1350 jobs but 800 will go as the remaining 132 shops will shut.
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NewsRetail sales slip in May
Retail sales volume fell 0.6 per cent month on month in May and was down 1.6 per cent year on year, ONS data showed. Sales by value were down 1.1 per cent compared with May 2008.
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NewsTesco bond sale raises £430m
Grocery group Tesco has raised £430m through the sale of commercial mortgage-backed securities (CMBS).