All articles by Nicola Harrison – Page 95
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NewsTesco data firm to pay £17.5m dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.
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NewsRetailers plan Sales to capitalise on VAT rise
Retailers are aiming to capitalise on the VAT rise by planning targeted Sales and promotions in the run-up to the new year, according to a new report.
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NewsUnited Carpets warns positive results will be hard to replicate
Floorings specialist United Carpets posted full-year results ahead of expectations but weaker current trading led to downgrades of this year’s profit forecasts.
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NewsBangladesh called upon to increase minimum wage
The Ethical Trading Initiative has backed calls for the Bangladeshi government to make a further increase in the minimum wage.
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NewsEd Hardy closes Westfield store as Australian arm collapses
US fashion brand Ed Hardy has closed its store at Westfield London after the Australian arm of the retailer collapsed into administration.
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NewsPets at Home poaches Wilkinson head of buying Peter Pritchard
Pets at Home has hired Wilkinson’s head of buying Peter Pritchard as its new trading director.
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NewsTesco seeks planning permission for ‘green’ DC
Tesco has submitted a planning application for a new regional distribution centre on part of a former Ford site in east London.
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NewsHMV and Waterstone’s marketing departments merged
Entertainment retailer HMV has promoted marketing director Graham Sim to the newly created position of group marketing director as the retailer restructures its teams in order to deliver “significant synergies” between its HMV and Waterstone’s chains.
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NewsUnited Carpets full year profits rocket while current trading weakens
Floorings retailer United Carpets pretax profits soared 84.5% to £1.1m in the year to March 31, although current trading has weakened.
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NewsRetailers buy Christmas stock cautiously
Retailers are planning to stock cautiously in the run up to the crucial Christmas trading period due to uncertainty over the economy and concern over house prices.
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NewsB&M Bargains threats spark value sector fury
Variety retailer irks competitors with ultimatum to suppliers for exclusivity deals
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NewsFopp opens store in Waterstone’s shop
HMV-owned music chain Fopp will open an outlet in Waterstone’s store on Gower Street, London.
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NewsLombok retail boss promoted after managing director stands down
Lombok has promoted retail director Stuart Lewis to the position of managing director, replacing William Landale, who takes up a non-executive position at the furniture retailer.
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NewsWickes predicts tough times ahead for big-ticket market
DIY retailer Wickes anticipates a punishing big-ticket market for years to come as consumer confidence dips and the outlook for mortgage approvals is weak.
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NewsThe Works focuses on expansion in the South amid sale speculation
Discount bookseller The Works will focus store expansion in the South of England as part of a plan to more than double its portfolio as its owners mull a sale next year.
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NewsWolfson and Harris: tough times in store
Bellwether retailers Carpetright and Next spooked the City on Tuesday with cautious updates presaging punishing times for the stores sector.
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NewsAxed Waterstone’s boss takes home up to £494,000
Former Waterstone’s managing director Gerry Johnson could take home up to £494,000 in the year to April 24, despite being given the chop in January after a poor Christmas sales performance.
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NewsCarpetright remains cautious as Q1 sales drop
Flooring giant Carpetright has revealed a 2.5% decline in group sales in the 13 weeks to July 31.
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NewsBenetton profits jump in first half
Benetton net income increased from €29m (£24m) to €40m (£33m) in the first half of 2010, as a focus on higher value products drove sales.