All articles by George MacDonald – Page 246
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NewsSainsbury’s raises £445m to fund growth
Sainsbury’s is to raise £445m to fund an accelerated growth drive and deliver an extra 2.5 million sq ft of trading space by March 2011.
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NewsMarks & Spencer launches ad campaign to bolster ethical image
Marks & Spencer has launched a marketing campaign tunder the banner “Doing the right thing” and designed to emphasise its corporate social responsibility credentials.
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NewsDavid Ross raises £38m from Carphone Warehouse share sale
Former Carphone Warehouse director David Ross, who stood down as deputy chairman last December, has sold 24 million shares in the retailer – about 15 per cent of his stake.
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NewsWoolworths dispute taken to High Court
Woolworths’ administrator Deloitte and BBC Worldwide are expected to face each other in court today over the value of the latter’s joint venture with the defunct variety store group.
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NewsStefano Pessina defends Andy Hornby hiring as key to Alliance Boots progress
Stefano Pessina has said that Alliance Boots’ 115,000 staff should not be concerned at the appointment of Andy Hornby as group chief executive, despite his association with the HBoS shipwreck.
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NewsSales dip but second half stability beckons
Although BRC sales data for May revealed a 0.8 per cent dip in like-for-likes, brokers took comfort in the fact that the fall was not worse and at the prospect of easier comparisons later in the year.
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AnalysisNew Wal-Mart chief Mike Duke: ‘This is our time’
Changing consumer habits create opportunities, new Wal-Mart chief Mike Duke believes – but the retailer can’t afford to be complacent. George MacDonald reports from the US
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OpinionTesco still a dab hand
After Morrisons’ first-quarter update last week, Tesco and Sainsbury’s post their numbers on Tuesday and Wednesday respectively and they should make for compelling reading.
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NewsWal-Mart designates Asda international centre of marketing excellence
Wal-Mart has designated Asda its international centre of marketing excellence. The UK retailer will act as a global marketing academy for Wal-Mart under the leadership of Rick Bendel.
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NewsArcandor files for bankruptcy protection
German retail group Arcandor has filed for bankruptcy protection after yesterday’s decision by the German government not to provide rescue funds. An administrator is expected to be appointed today.
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AnalysisScott Wheway is embracing the challenge at Best Buy
The former Boots man has taken his time to find the right role but is relishing the challenge of Best Buy. George MacDonald reports.
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OpinionThe mountain facing Blacks
Blacks Leisure chief executive Neil Gillis, like his customers, has a mountain to climb.
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NewsConsumer confidence 'held steady' in May
Consumer confidence was stable in May but remains fragile.
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NewsHalfords names Dennis Millard chairman
Motor accessories and bikes giant Halfords has appointed Dennis Millard as chairman, replacing Richard Pym.
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NewsLosses spiral as Blacks battles to recover
Outdoor pursuits specialist Blacks Leisure has acknowledged there is “material uncertainty” about its future but insisted progress is being made in turning the business around.
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NewsHamleys axes chiefs in cost-cutting drive
Iconic toy retailer Hamleys has parted company with two senior directors as part of a restructure of its head office, which could also result in a third of staff being axed.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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AnalysisStephen Marks has what it takes for French Connection
French Connection has had a tough time recently, but Stephen Marks has the drive to move the business on again, says George MacDonald
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News
Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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NewsChapter 11 provisions take shine off Ahold’s US performance
International grocery group Ahold has reported that its US chains Stop & Shop and Giant-Landover delivered their best like-for-like performance “in many years” during the first quarter.