All articles by Nicola Harrison – Page 134
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Green and Rose lead talks as retailers scramble to deliver VAT cut
Sir Philip Green and Sir Stuart Rose have led discussions among retailers scrambling to deliver the cut in VAT by the time it comes into force on Monday.
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Woolworths shares suspended
Shares in the struggling retailer Woolworths have been suspended while it is in talks to sell both its retail arm and its publishing arm 2 Entertain.
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Woolworths stops selling toys online
Updated: Embattled retailer Woolworths has stopped selling toys online during the key Christmas period, shocking and delighting rivals.
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Topps Tiles profits down 27 per cent
Pre-tax profits at Topps Tiles slipped 27 per cent to 27.7 million in the year to September 27.
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Supermarkets up ad spend
Supermarkets have upped their ad spend while most other major retailers have slashed theirs in response to the economic crisis.
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Woolworths in danger of administration this week
Woolworths could fall into administration in a matter of days unless it completes a deal to sell its retail business to restructuring specialist Hilco, according to sources close to the company.
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UK booksellers accused of too much discounting
UK booksellers are creating a “vicious circle” of discounting and are seeing poorer growth volumes and lower profits than their international counterparts.
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100,000 retail jobs cut this year
As tough trading continues, full scale of hidden job losses revealed – and the worst is still to come.
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US retailers batten down hatches as trade worsens
US retailers are bracing themselves for further deterioration in trading conditions in the run-up to Christmas after retail sales in October fell below expectations and a raft of retailers slashed forecasts last week.
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Up to 250 jobs at risk at Halfords
Motor accessories retailer Halfords is to make up to 250 job cuts at head office and in stores as it seeks cost savings.
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Original Factory hits six-month sales high
Value retailer Original Factory Shop continued to defy the downturn, revealing its strongest six months to date.
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Retail sales remain flat
Retail sales volume growth remained flat in the three months to September compared with the previous three months, according to the latest ONS figures.
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Woolies' biggest shareholder slams £1 Hilco talks
Woolworths' biggest shareholder Ardeshir Naghshineh has criticised the potential sale of the retailer to Hilco, saying the group's stores are worth much more than the nominal price that has been tabled.
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Thresher revives 40% discount offer
Off-licence operator Thresher Group is reviving its 40 per cent discount campaign again, making it the third consecutive year the retailer has run the offer.
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Halfords profits climb
Halfords said it is confident it will hit full-year expectations as profit before tax climbed 3.2 per cent to 49.1 million in the 26 weeks to September 25.
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Mothercare profits leap 94%
Mothercare revealed group underlying profit before tax soared 94 per cent to 9.5 million in the 28 weeks to October 11 and said it is well placed to trade through the economic turmoil.
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Neal's Yard Remedies appoints new marketing director
Health and beauty retailer Neal’s Yard Remedies has appointed Shirin Valipour as director of marketing as it steps up its expansion plans.
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BrightHouse profits up 15.6 per cent
Rent-to-buy furniture and electricals retailer BrightHouse has revealed a 15.6 per cent hike in its operating profit to 9.6 million, for the six months to September 30, 2008.
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Burberry profits up but second-half trading harder
Luxury fashion retailer Burberry’s adjusted operating profit has risen 3 per cent but it said trading has been more difficult since the start of the second half.