All Home & DIY articles – Page 235
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News
Praktiker sales drop 6%
Praktiker, the DIY group, has reported a 6% drop in sales to €747.9m (£651.2m) in the first quarter of 2010, due to prolonged winter weather and persistent economic weakness in Eastern Europe.Net losses were €37.5m (£32.6m), steeper than the €36.8m (£32m) loss for the same period a year ago. January ...
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News
Ikea seeks 12 new stores in Spain
Ikea will open its first store in the northern region of Galicia in July.The furniture and furnishings retailer has invested e60m (£52m) in the store on a 323,000 sq ft site and it will create 400 jobs.The Spanish press has reported that Ikea wants to open 12 new stores in ...
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NewsFashion boosts John Lewis sales while Waitrose sparkles in the sun
John Lewis sales rose a “healthy” 11.4% in the week to April 24, as its sister chain Waitrose achieved its highest sales growth of the year.
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NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
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NewsCarpetright sales below expectations as it warns of tough year ahead
Carpetright like-for-likes in the UK & Ireland rose 1.5% in the 12 weeks to April 24, which was below internal expectations.
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NewsRetail sales up for the third consecutive month
Retail sales have grown for the third consecutive month with retailers expecting positive growth to continue in May, according to the CBI Distributive Trades Survey.
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NewsFarepak customers to receive less than £50 each
Customers who paid for Farepak hampers are expected to receive less than £50 each, after handling fees are paid.
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NewsDunelm like-for-likes up 10%
Dunelm has reported like-for-like sales up 10% in the 42 weeks to April 24, boosted by a positive response to its new shop fit.
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NewsArgos among retailers ordered to pay £20m over ‘toxic sofas’
Retailers including Argos have been ordered to pay £20m to 2,000 people who suffered from chemical burns found in anti-fungal agents in sofas.
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NewsBill Grimsey to become Focus chair
Focus chief executive Bill Grimsey is to become chairman at the DIY chain with managing director Rob Gladwin taking over as chief executive.
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AnalysisNick Worthington: Dreams’ driven chief executive
He may not have the profile of the retailer’s flamboyant founder Mike Clare, but Dreams’ chief executive has continued its strong growth despite the recession
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NewsPrivate equity firm Advent International acquires DFS
Sofas tycooon Lord Kirkham has sold his DFS chain to private equity firm Advent International for an undisclosed sum.
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NewsDobbies reports record sales at £104m
Tesco-owned garden centre retailer Dobbies recorded a 6.2% increase in like-for-like sales in the year to February.
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NewsB&Q co-founder David Quayle dies
Kingfisher bosses have paid tribute to David Quayle, the co-founder and the ‘Q’ behind B&Q, who has died, aged 73.
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NewsDebenhams to ramp up own-label home ranges as it drives margins
Debenhams will bolster its homewares with the introduction of a raft of own-label ranges from autumn.
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NewsLombok bolsters management as turnaround plan bears fruit
Furniture retailer Lombok has drafted in a former Tesco executive as it strengthens its management team and returns to profitability.
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OpinionBanish cynicism – it’s sincerity we want
Why do people think that running a garden centre is so jolly easy? The countryside is littered with examples of experienced entrepreneurs, many from the high street and DIY industry, having trodden the primrose path without realising they are heading to the compost heap rather than the Garden of Eden.
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NewsCargo profits rocket after drive to cut costs
Furniture retailer Cargo - which operates the Cargo and Homestyle fascias - more than tripled its pre-tax profits in the year to June 27, 2009, as it slashed costs and benefited from the buying power of its parent, Steinhoff.
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NewsAsda plans 150 Living stores in bid to be UK’s leading non-food retailer
Asda has confirmed that it is aiming to become the UK’s biggest non-food retailer by growing the number of Asda Living stores fivefold to 150.