All articles by Nicola Harrison – Page 143
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Beds Direct sold to management
Beds Direct has been bought out of administration by its management.
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Woolworths sales slide
Variety store group Woolworths revealed a like-for-like sales decline of 6.7 per cent at its core retail business in the six weeks to July 26.
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Beds Direct hits the buffers
Bed retailer Beds Direct has fallen into administration, making it the latest casualty of the credit crunch.
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M&S victorious in stolen laptop data protection row
Marks & Spencer has avoided a courtroom showdown and substantial fine after winning an appeal against the Information Commissioner’s Office (ICO) over a data leak.
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MFI owner gives ground in spatwith Galiform
MFI’s owner Merchant Equity Partners (MEP) has conceded ground in its ongoing legal dispute with Galiform.
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Halfords: the city view
Car accessories and bikes retailer Halfords has bolstered its pole market position, revealing a total sales rise of 1.7 per cent, writes Nicola Harrison.
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Ilva Furniture stores to close
Ilva Furniture, which fell into administration last month, is to shut its three UK stores after a buyer could not be found.
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AnalysisHandy Men: Kingfisher assembles international management
As Kingfisher boss Ian Cheshire builds his top team of international managers, the question is how successful will they be in reviving the retailer’s fortunes? Nicola Harrison reports.
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Amazon profits double
Profits at online retailer Amazon.com soared 102 per cent to US$158 million ( 79 million) in its second quarter to June 30.
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JJB like-for-likes slip
JJB Sport revealed like-for-like sales down 1.2 per cent in the 12 weeks to July 10 and said it expects the second half of the year to be “very challenging”.
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B&Q like-for-like decline slows
Like-for-likes at Europe’s biggest DIY group Kingfisher slid 1.5 per cent in the 10 weeks to July 12.
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Argos strike suspended
Argos has averted strike action due to take place tomorrow, following negotiations between its management and union Unite.
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Instore independent directors warn shareholders
Instore’s independent directors are continuing to warn shareholders not to accept Seaham Investment’s 5p-a-share offer.
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Floors-2-Go enters administration
Flooring retailer Floors-2-Go has gone into administration, appointing Kroll as administrator. 41 stores will close, resulting in 97 redundancies.
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Management buy-out rescues ProCook from administration
Troubled cookware retailer ProCook has been bought out of administration by its management and a consortium of shareholders for an undisclosed sum.
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Apple reveals record third quarter
Apple reported its best third quarter in the company’s history, driven by record sales of Macintosh computers.
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E-tail sales remain immune to downturn
Shoppers spent more than 26.5 billion online in the first half of 2008, up 38 per cent on the 19.2 billion recorded at the same time last year.
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Ikea picks internal candidate to replace Hogsted
Martin Hansson will replace Peter Hogsted as retail manager of Ikea UK after DIY giant Kingfisher poached him to head its international operations.
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Saint Maclou tightens grip on French carpet market
Saint Maclou, the French parent company of UK carpet retailer Allied Carpets, has ramped up its European presence by acquiring its biggest French rival – Mondial Moquette – and Switzerland’s Carpetland Suisse.
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Toys R Us profits climb
Toys R Us Holdings, the holding company for the UK arm of the US-owned toy business, has revealed operating profit was up 9.3 per cent, from 29.97 million to 32.76 million, for the year to February 2.