All Home & DIY articles – Page 221
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OpinionDon’t fall into the VAT trap
Get beyond the VAT rise and focus on the retail essentials to succeed, says Angela Spindler
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News
Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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NewsLaura Ashley profits to beat expectations
Strong trading over Christmas means fashion and homewares business Laura Ashley now expects full year pre-tax profit to be “significantly higher” than previously expectated.
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AnalysisJim Hodkinson
The retail veteran will be able to call on decades of experience as he takes on his latest challenge at Floors-2-Go.
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NewsCath Kidston appoints new managing director as sales surge 52%
Fashion and homewares specialist Cath Kidston has appointed former Habitat chief executive Mark Saunders as managing director and reported strong Christmas trading.
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NewsThe Original Factory Shop Christmas like-for-likes up 5%
The Original Factory Shop has reported like-for-like sales up 5% over the Christmas period with sales of outdoor products strong in the snow.
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NewsIkea group profits rise 6%
Furniture giant Ikea has revealed full year net profit growth of 6.1% to €2.7bn.
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NewsJohn Lewis sales up 39% ahead of VAT increase
John Lewis sales soared 38.7% to £74.7m in the week to January 8, making it the largest weekly increase this financial year.
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NewsDunelm down in the dumps while Topps Tiles impresses
Updates from home retailers Dunelm and Topps Tiles painted a contrasting picture of trading conditions in the sector.
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NewsBrightHouse sees demand surge but stays cautious
Rent-to-own electricals and furniture retailer BrightHouse has revealed a strong Christmas but cautioned that current trading has been tougher. Like-for-likes increased 9.8% in the 13 weeks to December 31, 2010.
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NewsHodkinson joins Floors-2-Go
Floorings specialist wins £3.25m cash injection and hires sector veteran as it guns for growth
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NewsDreams founder Mike Clare sets up new furniture venture
Entrepreneur Mike Clare, who founded beds giant Dreams, has set up a new mid-to-high-end furniture retailer.
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NewsShop price inflation rises to 2.1% in December
Shop price inflation rose to 2.1% in December, up from 2% in November, as rising costs pushed prices up.
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NewsDunelm's Christmas like-for-likes slide
Dunelm Group has reported a like-for-like sales fall of 4.2% in its second quarter over the Christmas period, resulting in a like-for-like dip of 1.2% for its first half.
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NewsTopps Tiles sales up despite snow disruption
Topps Tiles like-for-like sales grew 2.2% in the 13 weeks to January 2.
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NewsMarks & Spencer posts 2.8% Christmas like-for-like sales rise
Retail bellwether Marks & Spencer generated UK like-for-like growth of 2.8% and market share gains over the Christmas period, despite arctic weather conditions.
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NewsKingfisher launches tender offer for £100m of notes
International DIY group Kingfisher is to cut debt and improve its return on cash by purchasing up to £100m of loan notes from holders.
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NewsBrightHouse reveals strong Christmas and remains confident for 2011
Rent to own electricals and furniture retailer BrightHouse has revealed a strong Christmas trading period and feels confident of sustaining “robust” growth in 2011.
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NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.