More on Me + Em – Page 2862
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NewsONS admits it has overstated sales volumes
The Office for National Statistics is to revise the way it calculates its much criticised official retail sales figures.The Government’s official statistical body said the net impact of the changes will be to revise down its estimates of sales volumes. There will be no impact on the assessment of sales ...
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NewsJohn Lewis celebrates best week of the year
John Lewis experienced its best week of the year in the seven days to May 9, with the beleaugered home sector leading the way. Overall, sales were down marginally by 0.4 per cent to £46.8m.
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NewsH&M celebrates sales turnaround
International fashion giant H&M has posted recession-busting like-for-like growth of 8 per cent for April, when total sales climbed 19 per cent.
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NewsBroker attacks M&S strategy and management
Discounting and cost cutting by Marks & Spencer threatens its long-term health and dramatic change is necessary to restore the retailer’s fortunes, a broker has warned.
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NewsJD Sports set for European debut
Speculation mounts that sports giant JD Sports will pounce on French chain as it considers overseas move
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NewsIkea global chief says UK furniture worst hit
Ikea global president and chief executive Anders Dahlvig has described the UK furniture market as “the worst he’s ever seen it” and believes there is no other furniture market in the world suffering more.
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NewsTK Maxx gears up to launch e-tail site with bags range this month
Discount designer-fashion retailer TK Maxx is to launch its much anticipated e-commerce site in the UK at the end of this month.
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NewsUp-for-sale Bay Trading close to finding buyer
A sale of troubled young fashion retailer Bay Trading was imminent as Retail Week went to press. Heads of terms on a deal had been signed, a source close to the situation said.
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John Lewis director of selling Dan Knowles set to step down
John Lewis director of selling operations Dan Knowles is to leave the department store chain at the end of July.
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Furniture village outperforms
Furniture Village’s full-year sales and profits declined, but the retailer has outperformed in recent weeks in one of the toughest trading environments.
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NewsMaplin profits fly in face of tough market
Electricals retailer Maplin has revealed a market-defying increase in sales and profits despite operating in one of the most turbulent markets in retail.
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NewsAsos launches premium own-label range
Fashion e-tailer Asos has launched a premium own-label range, Asos Black.
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NewsDylan’s Candy Bar mulls UK stores
Iconic US sweet store Dylan’s Candy Bar is considering opening stores in the UK.
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Retail industry hails 1.2% minimum wage rise
Retail industry organisations welcomed Tuesday’s decision on a 1.2 per cent rise in the national minimum wage, despite some earlier calls for a total freeze this year.
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NewsComet social media contest seeks most out-dated gadgets
Electricals retailer Comet has launched a contest to find the most embarrassingly out-of-date electrical items still in use in the UK.
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NewsPets at Home outlines ambitious growth target after sales jump
Pets at Home is ramping up its expansion plans as it seeks to increase its share of the pet market.
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NewsWickes reveals like-for-like rise as DIY rallies
Analysts have welcomed signs of a stabilising DIY market after Wickes disclosed an improved sales performance over Easter.
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Signet fortunes turn after US Valentine’s sales boost
Leading jeweller Signet said its US operations, which account for the bulk of its sales, put in an “encouraging” first-quarter performance compared with the previous period.
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Citi analyst predicts worst yet to come for Burberry
Burberry has implemented a £50m efficiency drive designed to bring it out on the other side of the downturn in a stronger position.
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NewsCity cools as it doubts retail’s staying power
General retailers underperformed as questions were asked about whether the stores rally had run too far.