All Home & DIY articles – Page 267
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News
Home Retail prepares to launch clearance site for cut-price sofas
Home Retail Group is to launch a standalone clearance web site offering “massive discounts” on sofas.
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Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Retailers ramp up pre-Christmas Sales
Retailers have stepped up their discounting dramatically in recent weeks, with three quarters of the UK's leading chains offering discounts in the run-up to Christmas.
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The Pier descends into administration
Homewares retailer The Pier has fallen into administration.
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MFI swamped by bargain-hunters after its collapse
Shoppers have flocked to MFI stores as the defunct retailer offered discounts of up to 80 per cent following its administration last week.
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DFS reprimanded for 'misleading' ads
DFS has been rebuked by the Advertising Standards Authority (ASA) for misleading consumers about the size of its sofas.
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Retail failures up 17 per cent
More than a thousand retail businesses have hit the buffers in the past year, with more failures expected due to poor Christmas trading.
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Land of Leather confirms interest in business
Land of Leather has confirmed that it has received a number of expressions of interest to buy its furniture retail business.
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CBI survey: Retailers fear dire Christmas
Retailers are expecting a lacklustre Christmas after reporting a decline in high street sales in November, according to the CBI's Distributive Trades Survey.
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Strategic Retail losses deepen as consumer confidence dives
Strategic Retail, which owns homewares retailer Fads, has revealed pre-tax losses have worsened dramatically to 855,000 in the six months to August 30.
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Analysis
Christmas TV ads: Will christmas ads woo the shoppers?
Retailers are spending huge amounts on Christmas advertising this year, but is it money down the drain? Charlotte Hardie and Saatchi & Saatchi’s Richard Huntington tune in to this year’s festive campaigns.
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Analysis
Pre-Christmas discounting: Can you cut it?
High street retailers are slashing prices in the Christmas run-up, but is it the answer to their problems, asks Charlotte Hardie
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News
Topps Tiles soldiers on despite profits plunge
Specialist retailer Topps Tiles remains confident of gaining market share as trading conditions worsen, despite revealing a 27 per cent decline in full-year pre-tax profits to 27.7 million.
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Woollen Mill to convert bought Rosebys stores
The Rosebys brand name is to be abandoned by Edinburgh Woollen Mill, which this month bought 77 of the outlets out of administration.
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Focus value range brings home £1m in first month
DIY retailer Focus has generated sales of more than 1 million from its new value range Payless since launching it four weeks ago.
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Second MFI administration is latest blow for home sector
Big-ticket home retailers believe MFI’s collapse into administration could deal another huge blow to the beleaguered sector in the run-up to the crucial January Sales period by further denting already fragile cons-umer confidence.
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Kingfisher profits drop and Trade Depot to close
Kingfisher has revealed its profits have dropped 4 per cent at constant exchange rates to 176 million in the 13 weeks to November 1 and warns there are challenging times ahead.
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Woolworths and MFI enter administration: A sad day for retail
Comment: Two of the most venerable names in retail collapsed today, in what is the saddest day for retail that anyone in this office could remember.
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News
26 stores to close as MFI administration is confirmed
Updated: MFI has confirmed that it has gone into administration and that 26 of its stores will be closed.
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Green and Rose lead talks as retailers scramble to deliver VAT cut
Sir Philip Green and Sir Stuart Rose have led discussions among retailers scrambling to deliver the cut in VAT by the time it comes into force on Monday.