All articles by Nicola Harrison – Page 124
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NewsRobert Dyas moves closer to rescue deal
Robert Dyas chief executive Steven Round is close to completing a management buyout of the business.
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NewsM&S latest retailer to clothe the Obamas
Marks & Spencer is the latest retailer to clothe the family of US President Barack Obama.While the Obamas are in the UK for the G20 summit, Prime Minister Gordon Brown’s wife, Sarah Brown, has reportedly given Michelle Obama gifts bought from M&S for her children. The items included t-shirts, jeans, ...
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NewsArgos launches entertainment website
Argos has launched an entertainment website selling 125,000 CDs and DVDs.Argosentertainment.co.uk is separate to the retailer’s main site and will enable it to “enter a popular market and offer a large choice of CDs and DVDs to customers shopping online”.Games will not be available on the site, but can be ...
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Dreams defies furniture sector gloom with 18% jump in profits
Bed specialist Dreams has triumphed over grim furniture retail conditions by revealing an 18 per cent hike in operating profits to £14.4m in the year to December 25.Dreams said it was able to lift profits as a result of driving “significant economies of scale, despite the rising fuel and steel ...
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Ian Cheshire pledges B&Q China turnaround after sales slump
B&Q owner Kingfisher will “reinvent” its store model in China as it prepares to slash shop space in the country by 40 per cent.The home improvement group’s B&Q China arm, which made losses of £52m and experienced a 24 per cent decline in sales in the year to January 31, ...
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Hobbs profits decline
Upmarket fashion retailer Hobbs has revealed full-year pre-tax profits slid from £21.3m to £18.8m, on sales up 3.6 per cent to £101.6m.
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Clinton Cards profits slump but banking facilities renegotiated until 2012
Clinton Cards’ profit has plummeted but the retailer has successfully renegotiated its banking terms, which will be extended until January 2012.
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M&S shareholder calls for new chairman within 15 months
A major Marks & Spencer shareholder has called on the retailer to appoint an independent chairman within 15 months.
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New Waterford Wedgwood owner to invest €100m
The new owners of crockery and glassware company Waterford Wedgwood will pump €100m ( 92.5m) into the business and embark on an aggressive growth strategy.
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Row breaks out over Chris Ronnie's exit from JJB
Chris Ronnie's exit from JJB Sports could be scrutinised in the law courts after a row broke out on whether he jumped or was pushed from the company.
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Jessops wins concessions on swathe of properties
Jessops renegotiated rental terms with half its landlords by Wednesday’s quarterly rent day, which was the retail sector’s toughest payment day in 18 years.
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B&Q website to take advantage of ‘world-class’ Screwfix fulfilment
B&Q and its sister brand Screwfix are sharing fulfilment capabilities as parent company Kingfisher seeks to expand its UK trade business and find synergies between the two businesses.
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Topps Tiles like-for-likes continue to decline
Topps Tiles expects to report an 18 per cent slump in like-for-like sales for the 26 weeks to March 28.
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Jessops says it will pay quarterly rent bill
Jessops has said it will have no problem meeting its quarterly rent bill that is due this week after speculation cast doubt on the retailer’s ability to pay.
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Allied Carpets rescued by investment fund
Allied Carpets has been acquired for an undisclosed sum by an offshore investment fund backed by US investors.
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Woolworths' former book wholesale arm sold to Smiths News
Bertram, the book wholesaler formerly owned by collapsed retailer Woolworths, has been sold to Smiths News for 8.6m.
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Games sales help retailers defy downturn
Entertainment retailers were lifted by rising sales of computer games last year, according to the Entertainment Retailers Association.
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Lombok lightens up with new collection
Upmarket furniture and homewares retailer Lombok has launched its first range of light wood furniture as it seeks to attract a wider audience.
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NewsCredit insurance fury reaches boiling point
Retailers are turning the heat up on the Government to intervene in the credit insurance crisis.