All articles by Mark Faithfull – Page 8
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NewsPoundland expansion to target larger stores
Single-price retailer Poundland is to maintain its ambitious store opening programme in 2010 and plans to trade from more larger-format stores after reporting total sales up 34.8% and like-for-like sales up 4.4% for the five weeks to January 3.
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NewsDunelm and Topps Tiles stay cautious despite sales jump
The homewares and home improvement market got a qualified vote of confidence as value homewares group Dunelm posted strong Christmas trading and flooring specialist Topps Tiles reported that its financial year had started well.
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NewsTraditional toys secure best ever sales for The Entertainer
Toys retailer The Entertainer is to steam ahead with expansion after recording its “strongest trading in the company’s history” in 2009.
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NewsFlying Brands expects to beat profit expectations
Home shopping group Flying Brands said that it expected to beat market expectations for full-year profit, aided by cost cuts and the relocation of its distribution base.
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NewsSignet UK sales decline slows
Anglo-American jewellery retailer Signet has reported like-for-like sales for its UK operations down 0.8% in the nine weeks to January 2, and 2.2% down on the 48 weeks to the same date.
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NewsLondon's West End sales up 5.6% in December
Retail sales in London’s West End were up 5.6% in December, with some West End retailers reporting double digit increases, according to The New West End Company.
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NewsHamleys toasts Christmas cheer
Toy retailer Hamleys has reported record Christmas trading, with like-for-like sales up 11.6% in the six week period to January 2, 2010 compared with the same period the previous year.
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AnalysisNeed to know: Christmas Day trading
With retailers exploiting every opportunity to grab shopper spend this Christmas, just who is allowed to trade on the big day itself?
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NewsChristmas voucher specialist Park Group sees market revival
Christmas savings and voucher specialist Park Group has posted year-on-year interim sales up 6% for the six months to September 30 and revealed orders for Christmas 2010 are “well ahead of last year at this stage”.
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NewsVAT to return to 17.5% in January
Chancellor Alistair Darling has confirmed in his pre-budget report that VAT will return to 17.5% on January 1, 2010.
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NewsHMV hires former Amazon executive as head of online
HMV has appointed former Amazon executive Sarah Hughes as head of online.
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NewsMorrisons and Waitrose star as recession recedes in grocery
Morrisons, Asda, Sainsbury’s and Waitrose all continued to grow their share of supermarket spending in the 12 weeks to 30 November, with Morrisons managing an all-time record share of 12.1%.
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NewsPark Group sales up in ‘encouraging’ market
Christmas hamper and corporate gift voucher specialist Park Group has posted interim figures for the six months to 30 September 2009 up 6% on the same period last year and reported orders for Christmas 2010 “well ahead of last year at this stage”.
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NewsDSGi to sue legal advisers over French loss
Consumer electricals giant DSGi is reportedly to sue its own legal advisers for as much as €1m over alleged mistakes in closing down the retailer’s business in France.
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Government called on to help development
Retail property body BCSC has written to the Government asking it to make a firm commitment to help boost the retail property development pipeline in its pre-budget report next week.
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NewsDixons tones down second leg of ad push
Electricals market leader DSGi has launched the second phase of its irreverent ad campaign for its online business Dixons.co.uk.
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NewsSelfridges ready for online debut as centenary profits to hit £100m
Department store group Selfridges said it is on track to launch its much-anticipated online offer in spring, as it revealed it expects profits of at least £100m in its centenary year.
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NewsGrocers keep spending on sustainability
More than eight in 10 of the major grocers have maintained or stepped up investment in their environmental strategies during the recession according to research from food and grocery specialist IGD.
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NewseBay hit outs at French court fine over LVMH sales
Online auction site eBay has accused the French courts of “hurting consumers” and has dubbed a €1.7m fine “disproportionate” after losing a case against luxury goods group LVMH.
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AnalysisNew fascias look towards the UK fashion market
Despite the store closures that have dominated retail headlines, this autumn brings the launch of two British fashion fascias and an influx of overseas retailers. Mark Faithfull reports