All articles by Nicola Harrison – Page 107
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NewsBest Buy to create 1,000 Geek Squad jobs in UK
US electricals retailer Best Buy is to create up to 1,000 UK jobs as it expands its Geek Squad customer support service.
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NewsPets at Home sold to KKR for £955m
Pets at Home has been sold to private equity house Kohlberg Kravis Roberts (KKR) for £955m, including the debt.
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NewsWHSmith delivers performance in line with expectations
WHSmith group sales declined 2% with like-for-likes dropping 4% in the 21 weeks to January 23.
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NewsUK exits recession
The UK has exited its most severe recession since the 1930s as data this morning showed the economy had grown by a weaker-than-expected 0.1% in the last three months of 2009.
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NewsONS reports worse than expected December sales
Retail sales volumes in December rose 0.3% compared to November, below than the 1.1% lift expected by analysts, according to the Office for National Statistics.
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NewsJohn Lewis boosted by ‘pent-up demand’ as snow thaws
John Lewis said it is finishing its financial year with a “flourish” as the department store chain notched up an 11.1% increase in turnover to £53.58m in the week to January 16.
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NewsAlexon pushes ahead with store disposals as like-for-likes slump
Womenswear retailer Alexon has begun a push to close stores with a disposal list of 16 stores distributed to the property market.
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NewsJessops plc shareholders vote to wind up company
Jessops plc shareholders have voted to voluntarily wind up the company after the Jessops store business was sold to new company Snap Equity in September.
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NewsM&Co. reveals strong Christmas trading
Scottish fashion retailer M&Co. has revealed an 11.1% uplift in like-for-like sales in the nine weeks to January 2.
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NewsHilco writes off 60% of Habitat debt
Habitat owner Hilco plans to write off 60% of the furniture retailer’s debts as part of a turnaround plan.
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NewsLand Securities moves closer to starting Leeds scheme
Developer Land Securities is moving closer to starting work on several shopping centre developments, including The Trinity Quarter Project in Leeds, after the recession delayed progress on the schemes.
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NewsComet owner like-for-likes slip 0.3% over Christmas
Electricals retailer Kesa revealed a like-for-like decline of 0.3% in the 10 weeks to January 8.
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NewsWaterstone's commercial director exits
Waterstone’s has made further management changes, with commercial director Neil Jewsbury leaving the business less than a week after managing director Gerry Johnson exited.
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NewsTheo Fennell reveals sales surge over Christmas
Upmarket jeweller Theo Fennell experienced a 25% like-for-like sales surge over the Christmas trading period, from December 1 – 24.
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NewsOka reshuffles management as it prepares for expansion
Upmarket homewares and furniture retailer Oka has reshuffled its management team as it seeks to expand the business in the UK, Europe and the Middle East.
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NewsThe White Company reveals strong Christmas trading
Clothing and homewares retailer The White Company has revealed a strong Christmas trading period as its full year profits soar 31% to £7.9m.
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NewsOnline sales of books and electricals to overtake those on high street by 2020
Online sales of electricals and books are set to overtake those on the high street within 10 years.
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NewsDFS brings Boxing Day Sale forward ahead of VAT hike
Britain’s biggest sofa retailer DFS has brought forward its Boxing Day Sale, sparking fears of a furniture sector price war.
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NewsLuke Johnson mulls bid for HobbyCraft
Entrepreneur and former Borders UK owner Luke Johnson is considering bidding for arts and crafts retailer HobbyCraft after it was put up for sale this week.
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NewsLord Harris upbeat as Carpetright delivers stellar first half
Carpetright, the UK’s biggest floor coverings specialist, generated pre-tax profit growth of 15.8% to £11m in its first half and is considering further expansion in Europe.