All articles by Nicola Harrison – Page 114
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NewsThe Entertainer profits slide but Woolworths closures aid recovery
The Entertainer suffered a fall in pre-tax profits from £674,643 to £38,722 in the year to January 31, but the toy chain said it is on course to post record profits in its current financial year as sales soar.
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NewsBlinding light bulb sales as ban sparks hoarding
Sales of incandescent light bulbs have shot through the roof as shoppers stock up in the wake of the European ban, brightening up DIY retailers’ trade.
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AnalysisGudjon Reynisson faces the challenge of restoring Hamleys
The former PE teacher is in no doubt about the weight of responsibility he bears in restoring much-loved toy retailer Hamleys to its former glory. Can he succeed, asks Nicola Harrison
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NewsRejected Nisa-Today’s suitor to rally support
Distribution group Bibby Line was expected to make moves to overturn convenience store buying group Nisa Today’s decision to reject its takeover bid last week, as Retail Week went to press.
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NewsM&S on verge of appointing headhunter for chief executive search
Marks & Spencer is on the verge of appointing a headhunter to begin its search for a new chief executive to replace Sir Stuart Rose next year.
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NewsAugust footfall steepest decline in seven months
Footfall on the UK high street fell 4.1% in August as high temperatures kept shoppers out of stores.
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NewsJohn Lewis to sell updated version of wartime pamphlet Make Do and Mend
John Lewis is to publish its own updated version of the famous wartime pamphlet, Make Do and Mend, as it takes advantage of the frugality revival in the recession.
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News99p Stores considers sale or float as it maps out rapid expansion
Value specialist 99p Stores is to review its ownership structure, potentially resulting in a sale as early as next summer or a flotation in the next three years.
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NewsStores gear up for bank holiday
Retailers have kicked off a swathe of high-profile promotions to woo shoppers over the bank holiday weekend – the last public holiday before Christmas.
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NewsHamleys losses soar but sales revival under way
Toy retailer Hamleys’ net losses leapt last year to £7.1m from £2.7m as interest rate charges and restructuring costs ate into the bottom line.
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NewsDiscounters lead way as 60% of Woolworths stores snapped up
Nearly 60% of the 800 former Woolworths stores have been let or are under offer, assuaging fears that the variety store group’s demise is turning town centres into ghost towns.
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AnalysisBill Grimsey is driven by turning around the fortunes of ailing retailers
As the Focus DIY boss successfully pulls off a CVA for his struggling business, he tells Nicola Harrison why he’s so driven by turning around ailing retailers
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NewsItalian retail giant Gruppo Coin looks for UK stores
Italian retailer Gruppo Coin is seeking suitable UK locations to launch its department stores and fast-fashion chain OVS.
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NewsTesco criticised for false poll claims
Tesco has been condemned for using false statistics as part of a local marketing campaign aimed to win public backing for a new store.
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NewsFocus wins backing for CVA
The future of embattled DIY group Focus has been secured after creditors today supported a proposal for a company voluntary arrangement (CVA).
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NewsConsumer loyalty to own-brand products here to stay
The growth in sales of retailers’ own-brand products is likely to slow although the shift in loyalty away from branded lines is permanent, according to retail consultancy Verdict Research.
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NewsDebenhams asks for improved supplier terms
Department store group Debenhams wrote to some of its suppliers last month, demanding that they meet its “minimum standard payment terms” by August 4.
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NewsTesco sets up ‘weather team’
Tesco has set up its own weather team to help it stock the right products for the changeable British weather.
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NewsGovernment amends credit insurance top-up scheme again
The Government has cut the price of its credit insurance top-up scheme and doubled the amount it is prepared to underwrite.
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NewsHolland & Barrett takeover approved
Health food specialist Holland & Barrett’s takeover of Julian Graves does not substantially reduce competition in the food and ingredients sector, the Competition Commission has found.