All articles by George MacDonald – Page 253
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News
N Brown reports sales up but bad debt takes margin toll
Home shopping group N Brown notched up like-for-like growth of 8.8 per cent over Christmas, but bad debt dragged down gross margin.
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News
JJB Sports heads for £10m loss
JJB Sports has warned it will make a loss this year of between 5m and 10m after tough trading conditions hit sales and gross margin.
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News
Ideal Shopping founders in bid to oust directors
The founders of Ideal Shopping Direct have demanded that a general meeting be convened to oust directors including chairman David Williams.
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News
DSGi restructures executive team
Electricals retailer DSGi has dramatically overhauled its executive team ahead of revealing what is expected to be its poorest Christmas trading performance since the last recession.
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News
European grocery prices to fall this year
Grocery prices are likely to fall this year as food retailers react to the rise of discounters and lower oil and raw material prices.
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News
Jobs axed at Waterford Wedgwood as rescue talks continue
Almost 400 redundancies have been made at Waterford Wedgwood, the famous crystal and pottery specialist that fell into administration last week.
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Analysis
Video: The week in retail, January 9
TGi Friday: As the January trading statements come thick and fast, Retail Week editor Tim Danaher and deputy editor George MacDonald discuss the trends so far and winners and losers.
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News
City's frosty outlook thaws as retailers keep the blues at bay
Retail stocks headed so far south last year they neared the stock market's equivalent of the Antarctic. As the January reporting season kicked in it brought news of like-for-like sales declines but in many cases met admittedly low expectations and there were hopes of a thaw in attitudes to the ...
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News
Findel pulls off 'satisfactory' Christmas
Home shopping group Findel has revealed a 4 per cent fall in group sales for the 39 weeks to January 2 – a performance it labelled “satisfactory in the current market”.
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News
Majestic Wine sales fall over Christmas
Specialist retailer Majestic Wine suffered a Christmas like-for-like decline as credit crunched business customers cut back on expenses.
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News
Ted Baker promotions take their toll
Fashion retailer Ted Baker has warned that profits will come in at the low end of expectations as a result of promotions over Christmas.
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News
Weak boardwear performance to hit Blacks Leisure profits
Blacks Leisure, the outdoor clothing and equipment specialist, has warned that operating profits will not meet market expectations because of its underperforming boardwear division.
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News
Marks & Spencer reveals zero-emission van
Marks & Spencer has unveiled its first Modec battery-powered, zero-emission delivery van as part of its Plan A environment-friendly overhaul.
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News
Cloudy outlook for January Sales
Shoppers look likely to come out in force for the January Sales but intend to spend less, confirming fears that retailers will continue to face tough conditions in the new year.
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Opinion
HMV whistles a happy tune
“Over the last two weeks there have been unprecedented changes to the competitive landscape of the entertainment sector.”
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News
City waits with bated breath as Christmas hangs in the balance
Goodwill towards retailers was in short supply as the countdown to Christmas became increasingly nervy.
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NewsAngela Spindler takes lead at Original Factory Shop
Former Debenhams managing director Angela Spindler has been appointed chief executive of Original Factory Shop, the private equity-backed value department store group.
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News
Carrefour warns on profits
International retail giant Carrefour has issued a profits warning after trading wilted, particularly in Europe.
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News
Retail sales plunge in early December, CBI reports
More than two-thirds of retailers suffered a decline in sales volumes in the first half of December and fear a difficult new year.
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News
Marks & Spencer sales have slumped
Updated: Marks & Spencer’s sales fell of a cliff last week as core categories slumped by as much as 30 per cent, it is understood.