All articles by Nicola Harrison – Page 78
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NewsHMV receives £43m cash offer for Waterstone's
HMV Group has received a £43m cash offer from Russian billionaire Alexander Mamut to buy Waterstone’s, according to reports.
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NewsPoundstretcher returns to profit as it snaps up Alworths stores
Poundstretcher managing director Charles Kay said the variety chain returned to profit in the year to the end of March 2011 for the first time in six years.
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NewsWiggle sale or IPO on cards as profits surge
Bike etailer Wiggle has clocked up surges in sales and profit and is considering an IPO or sale.
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NewsTurkish retailer Colin’s makes play for the UK
Turkish fashion retailer Colin’s aims to make a splash in the UK, with ambitious expansion plans to open more than 100 shops here in the next decade.
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AnalysisPoundstretcher
Poundstretcher has struggled despite the customer flight to value, but with the acquisition of 15 Alworths stores the value retailer is out to turn things around
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NewsHMV group marketing director Graham Sim leaves for Penguin
HMV group marketing director Graham Sim has left the business to become creative director at the children’s division of publisher Penguin.
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NewsFocus administrators report “fantastic level of interest" in business
Focus DIY administrators have received a “fantastic level of interest” in the business as it seeks offers for a sale of the retailer.
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NewsOcado first half EBITDA up as sales growth slows
Online grocer Ocado said it is “encouraged by the progress of the business so far this year” as it revealed that EBITDA is expected to grow 12% in its first half.
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NewsHMV nears Canada sale but Waterstone's talks stall
Struggling entertainment retailer HMV is close to selling its Canadian arm but negotiations to sell its book chain Waterstone’s have stalled.
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NewsWickes grows market share as like-for-likes rise 1.9%
Wickes like-for-likes increased 1.9% in the 17 weeks to April 30.
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NewsWiggle gears up for £200m sale
Online bikes retailer Wiggle has hired advisory firm Rothschild to oversee a strategic review which could result in a sale or IPO valuing it at more than £200m, according to reports.
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NewsPoundstretcher snaps up Alworths stores
Value retailer Poundstretcher has acquired 15 of the 17 Alworths stores following the collapse of the ‘son of Woolies’ variety retailer, Retail Week can reveal.
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NewsRivals circle Focus stores after its collapse into administration
4,000 jobs in the balance as struggling DIY retailer calls in Ernst & Young after defaulting on loan.
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NewsCarpetright sheds 350 jobs and 12 stores as cost drive continues
Carpetright has made about 350 job cuts in the past 12 months as it slashes costs in a difficult market.
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NewsFocus in administration
Focus DIY collapsed into administration this morning after filing an intent to appoint administrators yesterday, as revealed by Retail Week.
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NewsAdministration looms for Focus
Focus DIY has filed an intention to appoint administrators following a credit default.
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News5pm deadline for Focus rescue deal
Focus DIY’s owner has entered into exclusive talks with restructuring firm GA Europe about buying the business, but if talks are unsuccessful the retailer could collapse, it is understood.
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NewsShop price inflation edges up to 2.5% in April
Shop price inflation increased to 2.5% in April, up from 2.4% in March.
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NewsRoyal Wedding and warm weather boosts Next sales
Next sales rose 5.2% in its first quarter as warm weather over Easter as well as spending in the run up to the Royal Wedding boosted sales.
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NewsMost people oppose moving May Day bank holiday says B&Q
The majority of people are opposed to moving the May Day bank holiday to another date, a survey has shown.