All articles by Nicola Harrison – Page 116
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NewsWickes improvement gives City hope for upturn in DIY
Good weather and a hike in online sales helped Wickes limit its like-for-like sales fall to 2.4 per cent in the six months to June 30.
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NewsFocus CVA plan to offload ‘dark’ stores receives positive reaction
Focus DIY’s proposed company voluntary arrangement (CVA) will be well received by creditors, according to analysts and landlords.
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AnalysisNeed to know... Spotify
Streaming site Spotify offers an alternative distribution model for music, but can it prove a money maker and does it pose a threat to traditional retailers?
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Sales drop at Signet's UK arm
Jewellery retailer Signet’s group like-for-likes fell 5.3 per cent in the 13 weeks to August 1.
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NewsTopps Tiles like-for-likes drop 10.9 per cent
Topps Tiles like-for-likes slumped 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
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NewsFocus to unveil CVA
Focus DIY is to unveil plans for a Company Voluntary Arrangement (CVA) of 38 non-trading stores on Wednesday, as part of the DIY chain’s turnaround plan.
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NewsGovernment thinks again as credit insurance scheme fails
The Government is reassessing its credit insurance top-up scheme as it emerged only a handful of businesses have taken up the scheme.
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NewsCarpetright eyes Allied Carpets’ ‘hidden gem’ insurance business
Carpetright is in talks to acquire all or parts of the Allied Carpets Inspections business as it makes a play for the insurance market.
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NewsFeather & Black defies gloom with refocus
Bed specialist Feather & Black has defied the gloom in the battered furniture sector, revealing a like-for-like sales uplift of 10 per cent in the four months to July 30.
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AnalysisPhilip Downer: Borders boss is no quitter
Having led a management buyout of Borders, Downer finally has a shot at restoring some stability at the ailing bookseller says Nicola Harrison
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NewsIrish retailers fearing worst Christmas ever
Irish retailers are braced for their worst Christmas in history as sales continue to be battered by the slump in consumer confidence.
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NewsLombok bought out of pre-pack administration
Mid to high-end furniture retailer Lombok has been bought out of pre-pack administration by a consortium led by Privet Capital and Paradigm this afternoon.
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United Carpets profits fall while like-for-likes rise
United Carpets’ pre-tax profit fell from £1.73m to £1.36m in the year to March 31, although the figure came in ahead of expectations.
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NewsHalfords remains cautious despite sales rise
Halfords like-for-likes increased 1.3 per cent in the 13 weeks to June 27 as the bikes and car maintenance retailer benefited from strong multi channel growth.
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NewsFitch: No high street recovery until 2011
Any signs of green shoots on the high street are unsustainable and a lasting recovery may not emerge until 2011, according to credit ratings agency Fitch.
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NewsLiberty considers international push
Iconic London department store Liberty has confirmed it has begun a strategic review of the business to explore ways of developing the brand internationally.
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NewsLand of Leather executive in talks with Allied Carpets
Clive Hatchard, former chief finance officer of collapsed retailer Land of Leather, has emerged as the third senior executive of a failed retailer to be linked with Allied Carpets about a possible position at the company.
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NewsFashion sales suffer as swine flu rocks consumer confidence
Retail like-for-like sales were down 4.1 per cent in the week ending July 19 as swine flu shook consumer confidence.
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NewsFormer MFI and Woolworths chiefs drafted in to Allied Carpets
The former bosses of collapsed retailers Woolworths and MFI have been parachuted in to help turn around embattled Allied Carpets, which was bought out of pre-pack administration last week.
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NewsHMV to take on label role in band tie-up
HMV is producing, distributing and marketing the music of an unsigned band in return for a share of the revenues for the first time in its history.