All articles by Nicola Harrison – Page 142
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Signet's UK like-for-likes slip
US jewellery giant Signet has revealed a 0.6 per cent fall in like-for-like sales at its UK arm in the 13 weeks to August 2.
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BRC ups the ante as rent battle hots up
The British Retail Consortium has thrown down the gauntlet to landlords by demanding that retailers should be able to switch to monthly rent payments on existing leases, not just new ones.
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Castorama Italy sale is welcomed by City
The sale of Kingfisher’s Castorama Italy business has been greeted with approval by the City.
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Whole Foods posts £9m UK loss
Upmarket US grocery chain Whole Foods has reported pre-tax operating losses of US$18.4 million ( 9.4 million) in the year to August 3 at its six UK stores.
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Consumer confidence plummets again
Consumers are becoming increasingly nervous, with consumer spending growth expected to slow to just 0.5 per cent next year, according to a PricewaterhouseCoopers report.
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Alliance Boots buys 25% of Athos Farma in Brazil
Alliance Boots has made its first foray into South America with its purchase of a 25 per cent stake in a Brazilian pharmaceutical wholesaler Athos Farma.
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Best Buy reveals aggressive expansion plans
US electricals giant Best Buy plans to launch as many as 200 stores in the UK over the long term, according to the Financial Times .
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Carpetright like-for-likes plummet
Carpetright’s like-for-like sales in the UK and Republic of Ireland slumped 15.4 per cent in the 13 weeks to August 2, 2008.
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Wrapit enters administration
Online wedding gift service Wrapit has fallen into administration, meaning 2,000 couples could lose their presents.
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Tourist spend in London rises
Tourists are spending more money in London although the number of them is dwindling, according to figures from Visit London.
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London mayor warned against affordable shops plan
The British Retail Consortium (BRC) has warned London Mayor Boris Johnson he must not rush into introducing laws which force retail developers to give space to “affordable” shops.
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Metro results top expectations
German retail giant Metro has posted better-than-expected results for the six months to June 30.
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Woolies seeks outsider to turn fortunes around
Woolworths is almost certain to appoint a chief executive from outside the business as it eyes a radical reshaping of its store portfolio to halt declining sales.
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Kingfisher reverses UK decline as B&Q revives
Kingfisher, Europe’s biggest DIY group, posted a 1.5 per cent fall in second quarter like-for-like sales, but the City was impressed by its UK performance.
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Borders UK to spice up web offer with series of podcasts
Books and entertainment retailer Borders UK is to launch an online audio podcast series in an effort to drive traffic to its web site.
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Consumer confidence nosedives
Consumer confidence has plummeted to an all-time low as concerns over the economy and finances take hold.
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Argos distribution workers to strike
Argos distribution staff are to go on strike over pay, after they rejected a renewed offer from the retailer.
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Argos strike back on
Argos distribution staff are going ahead with strike action over a 4 per cent pay offer after suspending it last week when Argos offered them a revised deal.
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Wickes like-for-likes slide 1.1 per cent
Travis Perkins-owned DIY retailer Wickes has revealed a 1.1 per cent decline in like-for-like sales for the six months to June 30.
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Wal-Mart crowned world’s largest retailer for 10th year
Wal-Mart has been ranked the world’s largest retailer for the 10th year running, with Tesco named the third biggest, in a report by Planet Retail.