All articles by George MacDonald – Page 254
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News
Sports Direct defies downturn with profit rise
Sports Direct has credited a “back to basics” strategy with a rise in first-half profits and said it will meet full-year profit forecasts.
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News
Pre-Christmas discounting hits record level
Retailers' pre-Christmas discounting has reached record levels and even deeper reductions are expected as store groups desperately clear stock.
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News
Inflation falls to 4.1 per cent
Inflation fell to 4.1 per cent in November from 4.5 per cent in October, the Consumer Prices Index showed.
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News
Christmas spending intentions fall again
The amount shoppers intend to spend this Christmas has fallen again and the outlook for January Sales is uncertain, GFK NOP data exclusively revealed to Retail Week has shown.
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News
Kingfisher demands monthly rents for all retailers
Kingfisher, owner of the B&Q DIY chain, will this week ask landlords to offer monthly rental deals to all retailers - not just those in trouble.
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Analysis
Video: The week in retail, December 12, 2008
TGi Friday: As Woolworths launches its closing down Sale, Tim Danaher and George MacDonald assess the likely impact on the rest of the high street and whether there is any chance of a last-minute deal. One of the long-term beneficiaries may be HMV, which posted mixed interim results on Thursday.
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News
EUK redundancies begin after no buyer is found
Two-thirds of the staff at EUK, the Woolworths-owned entertainment distributor which is in administration, have been made redundant after no buyer was found for the business.
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Opinion
David Ross row won’t hurt Carphone Warehouse
Carphone Warehouse shares hit a five and a half year low on Monday as controversy raged over co-founder David Ross’s treatment of shares.
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News
Sector manages to raise its profile following series of uplifting events
Last week’s interest rate cut, better weekly numbers from John Lewis, a weather boost and cautious broker optimism about general retailers all helped lift the sector.
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News
Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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News
Inditex posts sales and profit rise
Fast fashion giant Inditex, owner of the Zara chain, has posted a 5 per cent increase in EBITDA to €1.54 billion ( 1.34 billion) for the first nine months of the year.
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News
Ideal Shopping Direct axes jobs as sales plunge
Multichannel retailer Ideal Shopping Direct is to slash jobs by 15 per cent and will make a loss this year.
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News
Sir Geoff Mulcahy plots Woolworths comeback
Former Kingfisher boss Sir Geoff Mulcahy is in talks to take over 500 Woolworths stores and revive the brand.
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News
Marks & Spencer unveils seasonal promotions
Marks & Spencer has unveiled a swathe of promotions applicable from Thursday as high street stores battle for spend ahead of Christmas.
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Analysis
Video: The week in retail, December 5, 2008
TGi Friday: Tim Danaher and George MacDonald discuss why Morrisons is doing better than Tesco and the turmoil in the sportswear market.
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News
Treasury's Paul Myners: No action on retail's credit insurance woes
Financial Services Secretary Lord Myners has rejected a call for action on retailers’ credit insurance difficulties but will monitor developments.
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AnalysisWhat went wrong for Woolworths?
Despite all attempts at revival, Woolies finally fell into administration in December 2008. George MacDonald assesses the reasons for its demise and asks if the iconic retail name has taken its last gasp.
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Opinion
Questions over Woolies remain
Woolies’ descent into administration poses the classic chicken and egg question.
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News
Sector’s share price flutter gives City little reason for excitement
The stores sector shrugged off the collapse of Woolworths and continued concern about the trading outlook to outperform the FTSE All Share index.
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News
Theo Paphitis pulls out of Woolworths bid
Retail entrepreneur Theo Paphitis has pulled out of bidding for variety store group Woolworths, which was placed in administration last week.