All articles by Nicola Harrison – Page 132
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Focus boss calls on Mandelson to back shift to monthly rents
Bill Grimsey, boss of DIY chain Focus, has written to Business Secretary Lord Mandelson to flag up the “heavy-handed” behaviour of landlords that refuse to grant retailers monthly rents.
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Argos launches biggest ever Christmas Sale
Argos has become the latest retailer to offer unprecedented discounting in the run-up to Christmas, launching a half-price Sale that the retailer said was its biggest ever.
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All Woolworths stores to close by January 5
Updated: All Woolworths stores are to close by January 5.
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Tom Hunter rejects claims he will lose his stake in Wyevale
Wyevale Garden Centre’s biggest shareholder, Sir Tom Hunter, has insisted he is not about to lose the majority of his stake in the retailer.
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Michael Parkinson to be voice of M&S ads
Sir Michael Parkinson is the latest celebrity to lend his voice to Marks & Spencer’s Christmas food ads.
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Kesa profits slump as Comet posts a loss
Electrical giant Kesa’s retail profit has slumped 71.2 per cent to 13 million in the six months to October 31.
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Carpetright profits plummet
Carpetright has issued a profit warning for the full year as it recorded a sharp fall in underlying first-half pre-tax profit of 67.6 per cent to 8.8 million in the 26 weeks to November 1.
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Zavvi plays down restructuring talks
Zavvi has insisted it is not on the verge of administration after hiring Ernst & Young.
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Bid deadline set for 48% stake in grocer Mercator
Two shareholders in Mercator, one of southeast Europe’s biggest food retailers, have set a deadline for bids as they prepare to sell their 48.3 per cent stake.
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Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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Europe passes 'radical' review of toy safety standards
Toy companies will have to adhere to tough new rules and standards after a “radical review” of toy safety law was agreed in Europe yesterday.
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The Pier makes redundancies at head office
The Pier has made almost half its head office staff redundant after falling into administration last week.
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Carphone's David Ross 'faces FSA inquiry'
Former Carphone Warehouse deputy chairman David Ross is to be investigated by the Financial Services Authority for possible breaches of stock market rules, according to reports.
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Land of Leather ends takeover talks
Land of Leather has ended talks with parties interested in buying the business, saying the offers would fail to deliver shareholder value.
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Verdict: Retail profits to dive in 2009
Retailers should brace themselves for one of the worst years on record in 2009, as high street spending goes into reverse and retail profits nosedive.
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Like-for-like retail sales slide 2.6 per cent
Retail Sales Monitor: UK like-for-like retail sales slipped 2.6 per cent in November, and total sales fell for a second consecutive month for the first time since records began in 1995.
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Woolworths to launch 'Biggest Ever' Sale on Friday
Updated: Woolworths is planning to hold a 'Biggest Ever' Sale on Friday, in a move that will intensify the price war on the high street.
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Last-ditch attempts made to save EUK as supply dries up
Desperate attempts were being made as Retail Week went to press to provide a payment guarantee on behalf of EUK, the Woolworths-owned entertainment supplier, enabling it to resume trading.
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Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Chance of delayed VAT reaction gives retailers hope
The VAT cut introduced this week is expected to delay spending until this weekend, as shoppers wait for lower prices.