All articles by George MacDonald – Page 267
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News
Next set for poor first quarter
The City fears fashion group Next may report a like-for-like sales slump of as much as 10 per cent tomorrow, when the retailer updates on first-quarter trading.
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News
Top analyst slams M&S bonus scheme
Broker Credit Suisse has cast doubt on the terms of Marks & Spencer directors’ bonus scheme, questioning whether it is in the retailer’s long-term interests.
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Opinion
Older shoppers pay for N Brown
N Brown’s share price took a hit a fortnight ago, when home shopping counterpart Findel warned on profits after having to increase provisions against bad debt.
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News
Sound Control falls into administration
Sound Control, the UK’s biggest musical instruments retailer, has collapsed into administration.
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Analysis
Home Retail Group: the City view
Argos, Home Retail’s flagship chain, delivered record profits last year, but the outlook is cloudy.
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News
M&S could double stock value if it focuses on cash, analyst claims
Marks & Spencer’s stock is languishing below the level of Sir Philip Green’s abortive 400p-a-share offer in 2004, but could it be worth 850p?
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Analysis
How bankable is retail?
A combination of the credit crunch and hard times on the high street mean the relationship between retailers and their banks is more delicate than ever. George MacDonald reports on the impact of the financial crisis
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News
Baugur denies MK One administration plans
Baugur has denied reports that MK One, the value clothing chain it has put up for sale, could be put into administration if no buyer is found.
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News
Land of Leather sales plunge again
Sofa specialist Land of Leather has revealed another plunge in sales and warned that trading conditions will remain tough for the rest of the year.
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News
Home Retail profits climb
Home Retail Group has warned that tough trading conditions are likely to result in like-for-like sales falls at its Argos and Homebase chains.
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News
DSGi to close 40 UniEuro stores
International electricals giant DSGi is to slash the number of stores at its troubled Italian chain UniEuro by a third.
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News
BRC claims ONS sales data is “overly rosy”
The British Retail Consortium has attacked official retail sales statisticians for painting “an overly rosy view” of the stores sector’s performance.
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Opinion
Downturn can’t stop investment
The banks got a £50 billion bail-out on Monday, but who is going to rescue embattled retailers?
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News
M&S to make prices in India on par with UK
Marks & Spencer is to bring prices at its Indian stores in line with those in the UK, in an effort to seize share in one of the world’s biggest emerging markets.
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News
Hamleys chief to step down after four years
Hamleys chief executive Nick Mather is to leave the legendary Baugur-owned toy retailer after four years at the helm.
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News
Shoppers’ food bills climb £800 a year
Family food bills have surged by almost 800 a year, as food inflation forces up supermarket prices.
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News
Thorntons celebrates sales rise
Upmarket confectioner Thorntons has bucked the tough trading trend to deliver its sixth consecutive quarter of growth.
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News
London retail outperforms UK
London’s retail sales outperformed the UK last month, but were well below those achieved the previous March.
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Opinion
Daring thinking needed at DSGi
If you fancy a new plasma TV, you could help out DSGi boss John Browett by buying a Philips model from Dixons.com for £569.99. But one of Browett’s problems is you can get the same telly on Amazon for £550.09.
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News
Piper buys into The Rug Company
Piper Private Equity has taken a minority stake in 12-store retailer The Rug Company to help fund its international expansion.