All articles by George MacDonald – Page 259
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News
Grocers face OFT fines over price sharing
Heavy fines may be imposed on grocers and suppliers after the Office of Fair Trading uncovered evidence that pricing information may have been shared.
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News
Moss Bros first-half losses widen
Losses at menswear specialist Moss Bros widened during the retailer’s first half, when sales also fell.
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News
Waitrose and Booths create buying alliance
Waitrose, owned by John Lewis Partnership, and independent supermarket group Booths have forged a buying alliance.
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News
Waitrose and Booths create buying alliance
Waitrose, owned by John Lewis Partnership, and independent supermarket group Booths have forged a buying alliance.
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News
Retailers call for more action on climate change
A group of big companies, including B&Q, John Lewis and Tesco, has written to Prime Minister Gordon Brown urging more action on climate change.
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News
Financial turmoil set to add to retailers’ woes
Intense turmoil in the financial markets precipitated by Lehman Brothers’ collapse will pile pressure on retailers’ finances, bankers have warned.
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News
Financial market shockwaves hit as FTSE reaches three-year low
Turmoil in the financial market following the collapse of Lehman Brothers and banking sector panic pushed the FTSE 100 to its lowest point in three years on Tuesday.
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Opinion
City Insider: Morrisons is well placed to win
Morrisons unveiled a surge in sales and profits last week, but the retailer was rewarded not with an investor buying spree but by its shares touching a two-year low.
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News
Home Retail’s first-half slump lowers forecasts
Analysts took their red pencils to Home Retail forecasts after the downturn took a toll on Argos and forced the write-down of DIY chain Homebase’s carrying value.
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News
Fashion drives volume rise in August
Strong fashion and footwear sales spearheaded a surprise 1.2 per cent rise in retail sales volumes in August while food groups suffered, according to ONS monthly sales data.
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Analysis
Currency shifts: Less bang for your buck
As the dollar gains strength against the pound and inflation creeps up, George MacDonald investigates how badly the shift could hurt retailers in this already stricken climate.
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News
Inditex second-quarter profits rise
Fashion giant Inditex, owner of the Zara chain, has posted a surge in first-half sales and profits.
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News
Carphone Warehouse deal to add $3.2bn to Best Buy sales
US electricals giant Best Buy expects its European venture with Carphone Warehouse – Best Buy Europe – to generate sales of US$3.2 billion ( 1.8 billlion) in the second half, it revealed today. However, the strength of the dollar is likely to dent the business’s performance when incorporated into Best ...
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News
Best Buy snaps up Napster for US$121m
US electricals giant Best Buy is to acquire online music business Napster for US$121 million ( 67.3 million).
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News
Wal-Mart chief executive: Tesco's Fresh & Easy will succeed
The success of Tesco’s fledgling US venture, Fresh & Easy, has been endorsed by the most unlikely of advocates – bitter rival Wal-Mart’s chief executive, Lee Scott.
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News
New season of negative updates gives retail analysts little reassurance
Retail had regained favour in the run-up to the reporting season, but the first set of updates brought a slew of bad news.
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Opinion
City Insider: Simon Fox is working magic at HMV
There was no new Harry Potter book this year to summon up book sales but that other sorcerer, Magic Circle member and HMV boss Simon Fox, still managed to conjure an impressive performance at group level.
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News
Trading toughens for Dunelm
Value homewares retailer Dunelm has posted a leap in preliminary profits, but like-for-like sales have plummeted in the new financial year.
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News
Morrisons’ value stance brings profit surge
Supermarket group Morrisons has reported a surge in first half profits, as it benefits from business improvements and its value credentials.
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News
Argos like-for-likes nosedive in second quarter
The mighty Argos became the latest victim of the consumer recession, as like-for-likes plummeted during the second quarter.