All articles by Nicola Harrison – Page 119
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NewsAsos reveals record year as profits soar 93 per cent
Online fashion retailer Asos has revealed a record year for sales and earnings, with pre-tax profits rocketing 93 per cent to £14m in the year to March 31.
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News99p Stores guns for growth as profits soar
Value retailer 99p Stores is gunning to break the £200m turnover barrier and operate 120 stores by the end its financial year.
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NewsHalfords calls on mobile phone market to offset sat-nav slump
Halfords is to start selling mobile phones online and in 100 of its largest stores as it seeks to expand its in-car technology offer.
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NewsFocus weighs up options for costly closed stores
Struggling DIY chain Focus is exploring “all avenues” as it seeks to shake off the £12m-a-year strain its 20-plus closed stores are putting it under.
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Administration looms for Allied Carpets division
Allied Carpets Properties, a subsidiary of the carpets retailer, has filed notice of intention to appoint an administrator. BDO Stoy Hayward is understood to have been lined up for the role.
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NewsSir Philip Green teams up with Simon Cowell on joint venture
Arcadia’s Sir Philip Green is setting up an international entertainment company with music mogul Simon Cowell, marking the retail boss’s first foray into the showbiz world.
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NewsStudent alleges disability discrimination by Abercrombie & Fitch
Abercrombie & Fitch is being sued by a law student who claims she was forced to work in a stockroom because her prosthetic arm did not fit the chain’s image.
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NewsIkea makes redundancies as growth slows
Ikea has made 5,000 redundancies this year as it seeks to navigate through the toughest furniture market in memory.
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NewsSainsbury’s considers two City stalwarts for chairman role
Sainsbury’s is considering two City big-hitters to replace outgoing chairman Sir Philip Hampton.
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NewsWaitrose value range lifts sales
Waitrose sales have been lifted by its value range as cash-strapped shoppers seek out lower prices in the recession.
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NewsHamleys makes a loss of £2.7m
Iconic toy retailer Hamleys made a loss of £2.7m in the year to March 31, 2008 as its annual interest bill increased.
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Aggressive Ackman falls flat after failed Target coup
The latest boardroom battle that William Ackman, head of US hedge fund Pershing Square Capital Management, has waged has ended in tears – literally, according to US reports.
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Steamer profits lift as it defies dire market
Kitchenware retailer Steamer Trading Cookshop has defied dire trading conditions to reveal a lift in full-year profits.
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NewsCos to open fifth UK store
Cos, Swedish fashion retailer H&M’s sister chain, is to open its fifth UK store on London’s Kensington High Street in September.
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NewsTesco bank unveils new Edinburgh headquarters
Tesco has opened its retail bank’s new headquarters in Edinburgh, which was yesterday hailed as a vote of confidence for the embattled Scottish financial sector.
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NewsVersace hires new chief
Italian luxury fashion brand Versace has appointed Gian Giacomo Ferraris as its new chief executive after the resignation of Giancarlo Di Risio last week.
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NewsSainsbury’s freezes bonuses for executives
Sainsbury’s has imposed a bonus freeze on its executives as it was revealed that boss Justin King took home £5m last year.
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NewsHomebase records first quarterly like-for-like sales growth since 2007
Home Retail Group has revealed a better than expected sales performance in its first quarter as it grew market share and benefited from the warm weather.
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NewsGovernment extends credit insurance relief period
The Government has bowed to business pressure and amended its trade credit insurance top-up scheme revealed in April.
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NewsHalfords profits rise as consumers holiday at home
Halfords pre-tax profits rose 2.4 per cent to £92.4m in the 52 weeks to April 3 as the retailer maintained a tight grip on costs and benefited from consumers holidaying at home.