All articles by George MacDonald – Page 265
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News
Fashion sales lift John Lewis
John Lewis Partnership posted a 3.9 per cent sales rise in the week to June 7.
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News
Moss Bros like-for-likes fall 1.5%
Moss Bros, the menswear retailer that Icelandic investor Baugur considered buying, has reported a 1.5 per cent fall in like-for-like sales for the 19 weeks to June 7.
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News
High petrol cost hitting out-of-town, says Rose
The rising cost of fuel is benefiting the high street at the expense of out-of-town retail parks, said Marks & Spencer chief executive Sir Stuart Rose.
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News
Inditex first-quarter profits jump 10%
International fashion group Inditex has posted a 10 per cent first-quarter profit rise to €219 million ( 173.7 million).
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News
Staples' €3.1bn Corporate Express offer gets green light
US office supplies retailer Staples has been given the go-ahead to acquire Dutch counterpart Corporate Express.
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News
ScS credit insurer withdraws supplier coverage
Sofas retailer ScS Upholstery has revealed that one of its credit insurers has withdrawn coverage from suppliers.
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News
Ted Baker sales rise
Ted Baker’s group sales rose 8.4 per cent in the 19 weeks to June 7. Retail sales climbed 15.4 per cent, but wholesale turnover fell 8.6 per cent. Gross margin was in line with expectations.
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News
Morgan Stanley turns positive, but upbeat sentiment shortlived
Bullish noises from Morgan Stanley bolstered sentiment towards store groups, but food and general retailers’ shares moved little over the week.
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News
Time to get used to tough trading
Flaming June? Never mind June, it’s been flaming difficult for months. Bad weather and credit-crunched consumers have conspired, along with a plethora of other problems, to put much of retail into A&E.
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Opinion
The Retail Week – June 6, 2008
How many shops have you closed this year? Following the high-profile opening of Liverpool One and all the associated festivities, that might come across as a grumpy old man’s question, but, as the downturn persists, it’s one that all retailers should ask themselves if they haven’t done so already.
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News
Staples ups offer for Corporate Express
US office supplies retailer Staples has increased its offer for rival Dutch business Corporate Express by 14 per cent.
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Opinion
A culture shock is well overdue
DSGi boss John Browett had to put up with some mickey-taking about his pledge to “transform the very DNA” of the electricals group.
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News
Browett’s plan for DSGi fails to impress the City
Analysts sharply marked down electricals group DSGi’s shares after chief executive John Browett unveiled his turnaround strategy last week.
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AnalysisM&S has no time to revel in its glory as share price plummets
Marks & Spencer may have made 1 billion, but there was no feelgood factor as its share price – and those of its general merchandise and food counterparts – slid.
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News
Maxeda beats market with impressive year-end profits
Maxeda, the private equity-backed Dutch store group run by former Asda boss Tony DeNunzio, has posted a surge in profits and expects to weather more difficult trading conditions.
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Opinion
The Retail Week – May 23, 2008
Marks & Spencer’s decision to stock well-known brands such as Heinz Tomato Ketchup was good for a headline, but will it make much difference to the retailer’s food business?
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News
Health and beauty retailers poised for record year
Health and beauty retailers are likely to enjoy their best growth in a decade this year, despite the wider consumer slowdown.
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News
Princesshay centre closed after explosion
Exeter’s Princesshay shopping centre and the city centre have been evacuated after a suspected explosive device was detonated in a restaurant.
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News
Grocers called to Downing Street for food prices summit
Chancellor Alistair Darling has summoned supermarket chiefs to a meeting at Downing Street today to discuss soaring food prices.
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News
French Connection UK sales flat
Improvements made at fashion group French Connection are bearing fruit and have enabled it to weather difficult trading conditions this spring, the company claimed today.