All Retail Week articles in November 6, 2009 – Page 2
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NewsChristmas lights switch-on kick starts London festive shopping period
50,000 Londoners last night flocked to see the biggest-ever co-ordinated Christmas lights switch-on across the capital’s most famous high streets.
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OpinionLike-for-like differences linger on
A feature on like-for-like sales that I wrote a few weeks ago caused more controversy than was intended; and one retailer has quickly responded by issuing multiple sales measures for comparative purposes.
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NewsSouthGate scheme in Bath opens its doors
Bath’s SouthGate shopping centre opened its doors today.
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NewsRetailers to benefit as credit insurer Atradius increases cover
Atradius, one of the leading credit insurance firms, is to increase cover to UK companies.
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NewsBodycare backs down on poppy ban
Toiletries and beauty specialist Bodycare has ended a ban on staff wearing poppies after its policy prompted a storm of protest and intervention by an MP.
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NewsFlat Christmas ahead, survey claims
Retail spend this Christmas will be flat compared to last year, but sales will fall 1.5% in 2010, a report from Deloitte forecast today.
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NewsSales improve at Signet
The UK’s biggest jewellery chain Signet has reported an improvement in sales in its third quarter.
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NewsTM Lewin reports record profits
Men’s and womenswear retailer TM Lewin reported it has defied the downturn to deliver record profits and that the new financial year has started strongly.
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NewsMike Ashley renames Newcastle football ground
Sports Direct founder Mike Ashley is renaming Newcastle United’s football ground sportsdirect.com@St James’ Park.
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NewsHopes of recovery rise as Bank holds interest rates and injects £25bn into economy
The Bank of England has held interest rates at 0.5% for the eight month in a row and inject an extra £25bn into the economy in an attempt to stimulate recovery.
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OpinionPrimark wins praise as ethics take centre stage
They say no publicity is bad publicity, but as allegations about Primark’s sourcing came in thick and fast, questioning its ethics, the old adage started to look flawed.
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NewsGap sales beat expectations
Sales for US fashion giant Gap beat expectations in October up 5% on last year to $1.14bn (£70m).
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NewsAlmost 2,000 jobs to go as 373 First Quench stores close
The administrators of Threshers owner First Quench Retailing are to shut 373 stores, resulting in 1,738 redundancies.
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Opinion
What next for First Quench?
The ferocious discounting from the supermarkets has done the likes of Threshers very few favours
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NewsThe Entertainer draws road map to 100 shops
Toy retailer The Entertainer is gunning to double the size of its business over the next four years as it takes advantage of the gap left in the toy market after the demise of Woolworths.
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Grupo Famsa reports MXN199m (£9.3m) net income
Department store operator Grupo Famsa reported MXN199m (£9.3m) net income for the third quarter, up by 371.6% from the same period in 2008.Net sales during the quarter reached MXN3.71bn (£173m), up by 6.1% year on year. The positive performance was primarily attributed to an 8.4% increase in sales at its ...
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Tengelmann confirms 200 redundancies
Retail giant Tengelmann has confirmed that it will make 200 redundancies in Germany.The redundancies will affect the retailer’s supermarket chain Kaiser’s Tengelmann (183 employees) and head office in Mülheim. The latter job cuts are due to the sale of discount banner Plus to Edeka.The Kaiser’s Tengelmann redundancies will affect the ...
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Office Depot reports $413m net loss
Stationery giant Office Depot reported a $413m (£252.4m) net loss in its third-quarter results.Sales in the group’s North American retail division were $1.3bn (£794.5m), down 18% compared with the same period last year, due in part to having fewer stores. Comparable store sales in the 1,144 stores in the US ...
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NewsBrand Alley ads claiming 80% off found misleading
Online discounter Brand Alley has had its knuckles wrapped by the Advertising Standards Authority (ASA) over the level of discount it claimed on its ads.
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Abercrombie & Fitch to enter the Italian market
Casual luxury US clothing retailer Abercrombie & Fitch has entered the Italian market, opening its first store in Milan.The flagship store trades from 32,290 sq ft spread over two floors and features a 5,380 sq ft Abercrombie Kids section. A spokesperson for the retailer said the brand should appeal to ...