All articles by Nicola Harrison – Page 123
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News
B&Q awards £9m of shares to staff
B&Q is awarding £9m of shares in parent company Kingfisher to more than 300 store managers in order to maintain high store operating standards.
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NewsAlexon rejects approach to acquire business
Fashion group Alexon has rejected an unsolicited approach from an unnamed third party wanting to acquire the retailer.
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NewsLondon like-for-likes climb 5.1 per cent
London retail sales grew 5.1 per cent on a like-for-like basis in March, outperforming the UK as a whole which declined 1.2 per cent.The British Retail Consortium-KPMG figures show like-for-likes grew 5.8 per cent in January to March, while UK like-for-likes dropped 0.7 per cent.The BRC said comparisons were difficult ...
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NewsNearly 20,000 jobs threatened by business rates rise
Business rates rises could kill off nearly 600 retail businesses resulting in 19,300 redundancies by 2012, according to the British Retail Consortium (BRC).
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NewsRobert Dyas sets out plans after buyout
Hardware chain Robert Dyas has laid out a three-year strategy to revitalise the business after completing a management buyout last week.Chief executive Steve Round, along with turnaround specialist and new non-executive chairman Ian Gray, now wholly own the business after buying out private equity firm Change Capital.The three-year plan includes ...
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NewsDwell seeks foothold in concessions arena
Mid-market furniture chain Dwell is opening department store concessions for the first time as it seeks to widen its appeal.The retailer opened its first concession in Selfridges on London’s Oxford Street this week, taking a 4,000 sq ft space, and is in talks to open in House of Fraser at ...
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NewsOriginal Factory Shop plans its ‘biggest year ever’ for new stores
Value retailer Original Factory Shop revealed customer numbers were up 12 per cent in the 14 weeks to March 29 as it prepares for its “biggest year ever” for store openings.The 105-store retailer’s like-for-like sales rose 12 per cent over the period, while total sales went up 29 per cent.Original ...
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AnalysisDavid Wild
Halfords hasn’t escaped the recession but former Tesco and Wal-Mart man David Wild says he’s confident of light at the end of the tunnel
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NewsAnn Summers co-founder Ralph Gold bought out for £56.5m
Sex toys and lingerie chain Ann Summers co-founder Ralph Gold pocketed a £56.5m dividend as he sold his entire stake in the chain to his older brother.The information is revealed in accounts filed at Companies House by parent company Gold Group International, which also owns underwear retailer Knickerbox.David Gold bought ...
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NewsOriginal Factory Shop like-for-likes soar
Discount retailer Original Factory Shop has revealed a like-for-like sales hike of 12 per cent in the 14 weeks to March 29 as it attracts cash-strapped consumers.
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NewsInterest rate kept at 0.5 per cent
The interest rate has been kept on hold at 0.5 per cent after a series of sharp cuts over the past six months.The interest rate now stands at an all time low, after the Bank of England progressively slashed it from October’s 5 per cent in an effort to kick-start ...
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News
Strong range and academic focus help Blackwell defy downturn
Academic bookseller Blackwell is defying the slump in the book industry, with like-for-likes up 2 per cent in its financial year to date.
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News
DIY chains prepare Easter ad campaigns
DIY retailers are gearing up for the crucial Easter trading period with a series of high-profile marketing campaigns, but trade could be hit by changeable weather.
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News
Borders US fears grow as market woes widen losses
Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...
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NewsCargo to open garden centre concessions
Furniture and homewares retailer Cargo will this week launch its first concession in a garden centre as it seeks to widen its appeal.
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NewsRobert Dyas completes management buyout
Hardware retailer Robert Dyas has completed its management buyout.The retailer, which said the deal is “fully supported” by its banks, said it will now be able to “build on its recent excellent trading performance while safeguarding the future of its employees and stores across the South of England”. Chief ...
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NewsNew website highlights business impact of empty rates
The British Property Federation has launched a website highlighting the impact empty property rates have on businesses.
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NewsHalf of Brits fear losing their jobs, according to Asda survey
Half the population fear losing their jobs during the next six months and two thirds would be prepared to take a pay cut or a reduction in hours to avoid being made redundant, according to an Asda survey.The survey of 1,000 people also found that half expect their pay to ...
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NewsRobert Dyas pays owners £2.75m
Robert Dyas has paid its private equity owners Change Capital £2.75m in fees for ‘strategic’ advice, according to The Daily Telegraph.It comes as the management team of the troubled retailer, led by chief executive Steve Round, is trying to secure a management buy-out of the company, which would, in effect, ...
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News
Half of Brits fear losing their jobs, according to Asda survey
Half the population fear losing their jobs during the next six months and two thirds would be prepared to take a pay cut or a reduction in hours to avoid being made redundant, according to an Asda survey.The survey of 1,000 people also found that half expect their pay to ...