More on Me + Em – Page 2459
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NewsCo-op sales hit by bad weather
The Co-operative Group has reported like-for-like sales fell 3.2% in its food division for its fourth quarter, saying the weather took its toll on footfall and spending patterns.
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NewsTesco reports modest Christmas growth
Tesco has reported modest growth over Christmas with UK like-for-like sales for the six weeks to January 8 up 0.6%, saying it was “hindered” by the snow.
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NewsNew Look sales plunge at Christmas
Fashion retailer New Look suffered a 9.1% plunge in like-for-likes at its core UK business during the peak Christmas period, when group sales slid UK 3.4%.
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NewsArgos-owner Home Retail reports better than expected Christmas
Argos-owner Home Retail Group took a sales hit of between £20m and £30m hit over Christmas because of the snow but full-year profits are likely to be better than feared.
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NewsRetailers protest against Scottish rate hike
Major retailers across Scotland including Tesco, Marks & Spencer and John Lewis have protested against the Scottish Government’s proposed business rate hike for large retail stores which they warn will jeopardise job growth.
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NewsSelfridges' Anne Pitcher promoted to managing director
Selfridges has promoted buying and merchandising director Anne Pitcher to managing director of the iconic department store chain.
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NewsDreams founder Mike Clare sets up new furniture venture
Entrepreneur Mike Clare, who founded beds giant Dreams, has set up a new mid-to-high-end furniture retailer.
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NewsAsda sells 39 Netto stores as part of OFT disposal deal
Asda has sold 39 out of the 47 Netto stores it had to dispose of as part of its £778m acquisition in summer last year.
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NewsHMV begins staff consultation across group
HMV and Waterstone’s head office staff are in consultation as parent HMV Group strives to make cost savings across the business.
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NewsFortnum & Mason reveals record Christmas
Luxury department store Fortnum & Mason has notched up a record Christmas despite, it said, the snow, tube strikes and student riots in central London.
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NewsPeacocks Group sales and profits soar
Peacocks Group, which operates value chain Peacocks and mature womenswear business Bonmarche, said EBITDA and sales rose across the group last year.
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Opinion
Tesco still pondering social media
Social networks might seem ubiquitous for consumers who have been used to them for years, but many of the biggest players in the retail world are still figuring out what their role is on sites like Facebook and Twitter.
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NewsPhase Eight could be bought by private equity firm
Womenswear chain Phase Eight could be bought by private equity firm Towerbrook Capital for almost £80m, according to reports.
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NewsSuperGroup Christmas sales soar
SuperGroup, the owner of fashion chain Superdry, has revealed a bumper Christmas, with retail sales surging 93.6% to £51.7m.
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NewsRussian oligarch Mamut increases his stake in HMV
Russian oligarch Alexander Mamut has increased his stake in HMV again, to more than 6%.
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NewsTesco explores opening in Vietnam
Tesco is understood to be looking to open in Vietnam, in a move that would extend its empire to 15 countries.
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News£14m windfall for Hobbs
Hobbs has secured £14m of new investment from its private equity backer 3i, and parachuted in turnaround specialist Iain MacRitchie to replace retail veteran Tony Campbell as chairman.
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NewsN Brown like-for-likes grow but cold snap dampens sales
N Brown’s like-for-like sales grew over the Christmas period although the cold snap took its toll on trading.
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NewsShop price inflation rises to 2.1% in December
Shop price inflation rose to 2.1% in December, up from 2% in November, as rising costs pushed prices up.
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NewsSainsbury's reports record Christmas
Sainsbury’s has reported a record Christmas with like-for-like sales excluding petrol up 3.6% for its third quarter in the 14 weeks to January 8.