All articles by Nicola Harrison – Page 133
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Retailers ramp up pre-Christmas Sales
Retailers have stepped up their discounting dramatically in recent weeks, with three quarters of the UK's leading chains offering discounts in the run-up to Christmas.
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Morrisons to buy 38 Co-op stores as sales soar
Morrisons has revealed like-for-like sales excluding fuel climbed 8.1 per cent in the 13 weeks to November 2, and said it has entered into a conditional agreement with Co-operative Group to buy 38 of its stores.
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The Pier descends into administration
Homewares retailer The Pier has fallen into administration.
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Leading entertainment distributor collapses
Pinnacle, one of the UK’s leading entertainment distributors, has gone into administration.
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Zavvi to resume selling a limited range online
Zavvi is to resume selling CDs, DVDs, and video games online this afternoon after the collapse into adminstration of its exclusive supplier, Woolworths' distribution business EUK, forced it to stop selling many of its products on Tuesday.
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BBC Worldwide denies 2 Entertain is on the verge of administration
BBC Worldwide has rejected reports that its joint venture with Woolworths, DVD publisher 2 Entertain, is about to go into administration.
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DFS reprimanded for 'misleading' ads
DFS has been rebuked by the Advertising Standards Authority (ASA) for misleading consumers about the size of its sofas.
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Toy and stationary supplier hits the buffers
J A Magson, one of the UK’s largest toy and stationary distributors, has gone into administration.
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Zavvi stops selling online after EUK collapse
Zavvi has stopped selling DVDs, music and video games online in the key pre-Christmas trading period as it is hit by the administration of its supplier, Woolworths' entertainment wholesaler EUK.
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Theo Paphitis confirms Woolworths talks
Theo Paphitis, owner of Ryman, said he wants to keep the Woolworths name alive and that a speedy resolution to talks on the rescue of the variety retailer is “absolutely crucial”.
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Card Factory snaps up Celebrations stores
Card Factory has bought 76 stores from greetings card retailer Celebrations, which fell into administration in October.
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Retail failures up 17 per cent
More than a thousand retail businesses have hit the buffers in the past year, with more failures expected due to poor Christmas trading.
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Theo Paphitis joins Woolworths’ fray
Woolworths’ potential saviours are to meet administrators today for a second round of talks to try to save the retailer, with a deal hoped to be sealed by the end of the week.
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Strategic Retail losses deepen as consumer confidence dives
Strategic Retail, which owns homewares retailer Fads, has revealed pre-tax losses have worsened dramatically to 855,000 in the six months to August 30.
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Topps Tiles soldiers on despite profits plunge
Specialist retailer Topps Tiles remains confident of gaining market share as trading conditions worsen, despite revealing a 27 per cent decline in full-year pre-tax profits to 27.7 million.
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Focus value range brings home £1m in first month
DIY retailer Focus has generated sales of more than 1 million from its new value range Payless since launching it four weeks ago.
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Retailers to go VAT-free in twist on discounting frenzy
Retailers are staging VAT-free promotions to kick-start trade in the key Christmas period.
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Second MFI administration is latest blow for home sector
Big-ticket home retailers believe MFI’s collapse into administration could deal another huge blow to the beleaguered sector in the run-up to the crucial January Sales period by further denting already fragile cons-umer confidence.
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Home Retail Group purchases two electricals brands
Home Retail Group, owner of Argos and Homebase, has acquired specified rights to the electricals brands Alba and Bush.
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Kingfisher profits drop and Trade Depot to close
Kingfisher has revealed its profits have dropped 4 per cent at constant exchange rates to 176 million in the 13 weeks to November 1 and warns there are challenging times ahead.















