More on Me + Em – Page 1888
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NewsComet administration costs £15m in closure fees
The total cost of winding up Comet has been revealed as £15m after the electricals retailer crashed into administration in November.
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NewsFormer Sun European partner Frank Maassen named But boss
Former Sun European Partners operating partner Frank Maassen has been appointed as director general of French furniture and electricals chain But.
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NewsOcado dismisses speculation of sale to Morrisons
Ocado has moved to quash speculation that Morrisons is interested in acquiring or taking a stake in the online grocer.
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NewsVideo: Furniture giant Ikea opens pop-up shops in London train stations
Ikea has opened pop-up shops in London train stations Liverpool Street and Waterloo as part of its ‘make more of your garden’ campaign.
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NewsFrench Connection group finance director Roy Naismith departs
French Connection group finance director Roy Naismith has left the business and stepped down from the board after 12 years in the role.
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NewsJohn Lewis sales flat despite boost from warmer weather
John Lewis recorded a 0.1% drop in sales to £61.9m last week, which proved “challenging” as the warm weather kept many customers in their gardens rather than out shopping.
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NewsWilliams-Sonoma to land in UK with store on Tottenham Court Road
US homewares giant Williams-Sonoma is to open its first store in the UK on London’s Tottenham Court Road, Retail Week has learned.
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AnalysisAnalysis: Lessons from the UK’s fastest growing retailers
Zolfo Cooper’s report on the UK’s 10 fastest growing retailers reveals lessons for the rest of the industry.
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NewsCompany profile: Beales
After several tough years the retailer’s new chief executive is trying to get sales moving.
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Gap to franchise Old Navy internationally
Gap will begin franchising Old Navy internationally from next year.“Over the next five years, key to our continued success will be pushing the envelope further to make shopping seamless to customers through our digital strategy, while seizing the opportunity for Old Navy in untapped international markets,” said chief executive Glenn ...
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JCPenney unveils plans to enhance financial position
Troubled department store group JCPenney has unveiled plans to enhance its financial position, having burned through $10m (£6.56m) in the fiscal year ended February 2, prompting liquidity concerns. As part of the process, the retailer has drawn $850m (£556.7m) from its $1.85bn (£1.21bn) committed revolving credit facility. Proceeds will fund ...
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Discounter Lidl to invest in Portuguese stores
Schwarz Group-owned discounter Lidl is investing E45m (£38.5m) in Portugal this year in store refurbishments and improved infrastructure.Of the sum, E15m (£13m) will go into new headquarters in Sintra, construction of which will start in June. When completed next year, there will be a staff of 250 working in central ...
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NewsInflation and weak wage growth to hold back retail sales in May
Retail sales growth is forecast to slow in May and remain lacklustre this summer as high inflation is expected to combine with weak wage growth to hold back spending.
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NewsMultiple retailers’ store numbers fall in the first quarter
The number of stores operated by multiple retailers edged down in the first quarter of 2013 after retailers including HMV, Jessops and Blockbuster crashed into administration.
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OpinionComment: Retailers must refocus in a changing property market
Pressures on the retail industry are forcing businesses to take a step back and re-evaluate their store portfolios.
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AnalysisAnalysis: London Covent Garden’s approach to successful retailing
Covent Garden might be in the middle of London’s West End but, like other shopping areas, could not afford to rest on its laurels.
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AnalysisAnalysis: Supermarket giant Tesco turns town centre investor
Tesco is developing New Square - an inner-city regeneration in West Bromwich that promises to act as a catalyst to rejuvenate the whole area.
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AnalysisAnalysis: How retailers can be in the right place at the right time
The explosion of multichannel is making retailers reconsider everything, from where they want their stores to be, to the kind of shops they should be.
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AnalysisAnalysis: Retail parks go from strength to strength
While some shopping destinations struggle to stay afloat in the downturn, for the past few years retail parks have been successfully evolving.