All Home & DIY articles – Page 245
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NewsB&Q wins landlord concession to cut rent on seven larger stores
B&Q has secured a 10% reduction in rents for seven of its warehouse-format stores in a deal with landlord British Land.
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GalleryStore of the week: Estella Cologne, Germany
This is Estella – a name that will be almost totally unfamiliar to British ears as it is a fledgling retailer that has just opened its first store, in Cologne.
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NewsHalfords like-for-likes up 2.2%
Halfords has reported like-for-like sales are up 2.2% in its second quarter and said it is confident it will deliver further profit growth in the second quarter.
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NewsDunelm founder sells 8% stake
Updated: Dunelm founder and life president Bill Adderley has sold a 7.8% stake in the company.
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ScS ramps up advertising to woo shoppers
Sofa retailer ScS has increased its marketing with an ad campaign offering sofas for £10 a month, and upped its ad spend by 25% year on year.
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AnalysisLowe’s curtails expansion as it braces for tough 2010
DIY retailer Lowe’s has followed in the footsteps of rival Home Depot by scaling back its expansion plans.
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Robert Dyas plunges into red with £10m loss
Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.
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NewsWickes sales boosted by showroom ranges
DIY retailer Wickes’ like for likes rose 0.7% in the 39 weeks to September 26.
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NewsHabitat takes store at Liverpool One
Furniture and homewares retailer Habitat has signed for a store in shopping centre Liverpool One.
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NewsLaura Ashley finance chief quits
Laura Ashley has said its chief financial officer and company secretary is to resign from the furniture and homeware retailer for personal reasons.
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NewsHabitat launches Europe marketing capaign with Helena Christensen
Furniture and homewares retailer Habitat is launching a marketing campaign across Europe featuring supermodel Helena Christensen.
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NewsB&Q tests new trade offer
B&Q is trialling an in-store trade offer called Trade Point in four stores as it seeks to maximise synergies with sister chain Screwfix.
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NewsB&Q launches £20m price offensive
DIY giant B&Q has announced what it described as its biggest-ever Autumn price investment.
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NewsCBI: UK economy to emerge from recession in Q3
The UK economy is expected to emerge from recession through modest growth in the third and fourth quarters of this year, but constraints on demand will mean that growth in 2010 is fragile, according the CBI.
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NewsTopps Tiles confirms profit outlook and sees signs of stability
Specialist retailer Topps Tiles expects to report operating profit of between £10.5m and £14m – the range of analysts’ expectations – when it delivers full year results in November.
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NewsOka climbs into the black
Furniture and interiors retailer Oka recorded EBITDA of £53,000 in the calendar year to December 31, 2008, compared with a loss of £1.03m the year before.
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NewsLakeland profits tumble in tough market
Lakeland, the kitchen and homewares specialist, famous for its innovative gadgets, suffered a profits fall last year as the shock of Lehman Brothers’ demise holed consumer sentiment.
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NewsKingfisher preview sparks upgrades
Kingfisher was scheduled to issue its interims as Retail Week went to press, but the headline numbers were already known following last week’s administrative slip-up.
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GalleryPutting on the style at Homebase
Homebase has been working hard to improve the interior of its stores. John Ryan visits Basingstoke to see the latest stage in its design journey
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NewsFurniture Village profits hit by crunch
For the year to March 29, profit before interest and tax was £2.4m, down from £7.1m a year earlier, when the retailer recorded its best-ever profit. Total sales fell 9.4% from the previous year to £162m, and like-for-likes were down 12.4%.