More on Me + Em – Page 2625
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NewsLondon sales growth slows in April
London retail sales increased 3.6% on a like-for-like basis in April, with growth hit by the early timing of Easter and the volcanic ash cloud, according to the British Retail Consortium-KPMG London Retail Sales Monitor.
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NewsRetailers to battle for premium market share
The premium end of the market is set to take over from value as the biggest battle ground for market share, according to market analyst Verdict.
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NewsBaugur boss stands down from Iceland board
Former Baugur boss Jón Ásgeir Jóhannesson has stepped down from the board of frozen food specialist Iceland and confirmed that he has also retired from the House of Fraser board after a $2bn fraud lawsuit was filed against him in the US.
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OpinionTopshop Scunthorpe. Go there… in six months
When Topshop opens in Knightsbridge later this week, it will be interesting to see what Arcadia’s in-house design team come up with — and whether they will end up in, say, Scunthorpe.
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NewsPhase Eight in management buy-out
Phase Eight, the womenswear retail chain, is set to be taken over by its management in a deal backed by Russian investors, ending its links with the private equity arm of Icelandic bank Kaupthing.
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NewsH&M like-for-likes decline 6% in April
H&M’s group like-for-like sales fell 6% in April compared with the same month last year.
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NewsPeacocks considers sale
The owners of Peacocks Group are considering appointing advisers to examine the value retailers’ options as it mulls a possible sale, it is understood.
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NewsGeorge Osborne to unveil Budget on June 22
New Chancellor George Osborne will unveil his first Budget on Tuesday June 22.
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NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
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NewsAlliance Boots profit tops £1bn
Health and beauty giant Alliance Boots has reported profit has topped £1bn for the full year to March 31.
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NewsLiberty defends deal process
UPDATED: Liberty has defended its choice to recommend an offer for the luxury department store, after a rival suitor claimed to have been frozen out of the process.
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NewsSports Direct wins High Court battle over shares
Sports Direct has won a High Court claim over disputed shares in its rivals.
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OpinionA new dawn
Grocery chiefs believe the forming of the new Government will calm shoppers’ nerves. But with taxes expected to go up, they will undoubtedly be slugging it out in non-food for the rest of the year.
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Opinion
Endearing Eccentricity
Harrods is in many respects a weird place, but nonetheless is a very good retailer.
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NewsPrimark finance director Paddy Prior to step down
Primark’s long-serving finance director Paddy Prior is set to step down from the value chain.
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NewsConsumer confidence up despite economic concerns
Consumer confidence has risen to its highest level since November 2007 but many consumers are still concerned about the economy, bills and debt.
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NewsJón Ásgeir Jóhannesson resigns from House of Fraser board
Former Baugur boss Jón Ásgeir Jóhannesson has resigned from the board of department store group house of Fraser after a $2bn fraud lawsuit was filed against him in the US.
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NewsSamantha Cameron cuts back Smythson role
Samantha Cameron, the Prime Minister’s wife, is to reduce her role at Smythson, the upmarket Bond Street retailer she is credited with having helped turn around.
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NewsJohn Lewis reports 17.7% weekly sales rise
Department store chain John Lewis generated a 17.7% sales rise last week when turnover was £55m.
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NewsInconclusive election was ‘almost as bad as Lehman Brothers’
Store groups’ sales collapse after inconclusive election spooks shoppers