All articles by George MacDonald – Page 258
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Analysis
Argos: A born survivor
After launching in a recession 35 years ago, Argos is used to trading through tough times. George MacDonald asks boss Sara Weller how she plans to see it through today’s challenges.
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News
Clinton’s sales plummet
Sales have plunged at greetings card specialist Clinton Cards in recent weeks, reflecting the tough trading environment.
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News
Woolworths to sell nine store leases to Tesco
Variety store group Woolworths has struck an agreement to sell the leases on up to nine stores to Tesco for up to 9 million and will use the cash to reduce borrowings.
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News
Baugur insists 'business as usual' despite Icelandic meltdown
Icelandic investor Baugur has once again offered reassurance that its UK retail portfolio will be unaffected by the Icelandic financial crisis.
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News
Industry holds its own against backdrop of financial calamity
In the week that the FTSE 100 suffered its biggest ever one-day points fall and governments rushed to shore up a crumbling banking system, retailers weathered the storm to outperform the market.
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Opinion
George MacDonald: Marks & Spencer is not finished yet
It’s a measure of how hellish conditions have become that a 6.1 per cent like-for-like sales fall at Marks & Spencer was regarded as not too bad.
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News
Kaupthing taken over by Icelandic government
The Icelandic government has seized control of Kaupthing, the bank that is closely connected to swathes of the UK high street.
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News
Sainsbury's beats second-quarter sales expectations
Supermarket group Sainsbury’s has posted second-quarter sales ahead of expectations.
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News
EBay cuts jobs in tough trading climate
Pure-play online giant eBay is to axe 10 per cent of its workforce in an attempt to streamline the business.
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News
Icelandic economic turmoil stokes Baugur fears
Concern over the impact of Iceland’s financial crisis on Baugur’s retail interests in the UK has continued, despite the investor’s attempts to calm fears.
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News
General retailers bear brunt as financial market woe ricochets
Turmoil continued to engulf global financial markets and general retailers were again worse hit than the All Share index, despite some impressive updates.
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News
Icelandic saga is not over yet
Gory scenes tend to loom large in Icelandic sagas and the financial story unfolding there is proving no exception. The question is, will UK retail feature in one of its bloodier chapters?
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News
MFI to secure deals on rent holiday
Property giant Land Securities is understood to have provisionally agreed to allow embattled furniture retailer MFI a three-month rent holiday.
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News
Argos to recruit far fewer seasonal staff this Christmas
Catalogue store group Argos will recruit 15,000 temporary staff this Christmas – a 25 per cent drop on last year’s number.
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News
Negative retail updates soar in third quarter
Quoted retailers posted more negative updates in the third quarter than at any point in the last two years.
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News
Leading Baugur investor files for administration
Icelandic investment business Stodir, which is controlled by Baugur executive chairman J n sgeir J hannesson and which said in July it was acquiring 39 per cent of Baugur, has filed for administration.
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News
House of Fraser financier nationalised
Glitnir, the Icelandic bank that played a key role in Baugur’s acquisition of House of Fraser, has been nationalised.
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News
Retail stocks relief short-lived as disappointing updates flood in
Last Friday’s rally following attempts in the US and UK to stabilise volatile markets benefited retail stocks, which surged.
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Opinion
Sir Stuart Rose and Sir Terry Leahy are survivors
The results caravan moves on next week through two of its biggest stops on the trip. On Tuesday, Tesco unveils first-half figures and on Thursday, Marks & Spencer issues second-quarter numbers.
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News
Maxeda confident of weathering storm as profits rise
Maxeda, the Dutch store group run by former Asda boss Tony DeNunzio, generated a leap in interim profits despite difficult retail conditions.