All City & finance articles – Page 548
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News
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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News
Diesel buys stake in Viktor & Rolf
Fashion retailer Diesel has acquired a majority stake in Dutch fashion brand Viktor & Rolf.
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Opinion
Co-op should focus on what it does best
The long-awaited Co-op-Somerfield deal was finally completed this week with little pomp and ceremony.
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News
Inflation shock and sales slump send FTSE 100 and retail down
A market rally on Monday was reversed as a slew of bad news broke.
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Opinion
Cracking generation Y is the Holy Grail
In his recent article, “Is electricals leaving consumers behind?” (Retail Week, July 4) Paul Smiddy observed that “the gap between manufacturers’ technology and consumers’ ability to grasp it appears to be widening”, with the qualification, “perhaps it’s an age thing”.
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Opinion
The Retail Week – July 18, 2008
Kingfisher chief executive Ian Cheshire has pulled off a real coup with the final additions to his top team charged with turning around the DIY giant.
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News
M&S slashes men's suit to £24
Marks & Spencer slashed the price of selected men’s suits yesterday to only 24 as it started its summer Sale.
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News
John Lewis Sale puts retailer back on course
John Lewis has ended its falling sales trend with a strong week for its clearance Sale, recording sales up 5.9 per cent for the week to July 12.
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News
B&M Bargains pushes button on rapid growth as crunch lifts sales
Sales at B&M Bargains soared this year as consumers sought out discount prices in the wake of the credit crunch.
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Opinion
A marriage of convenience
On the face of it, Co-op and Somerfield is the most unlikely pairing since Lembit Opik shacked up with a Cheeky Girl.
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News
Co-op chief: Somerfield integration will be easy
Co-operative Group chief executive Peter Marks has insisted the retailer’s integration of Somerfield will be smooth and without culture clashes.
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News
River Island targets Russia as overseas growth gathers pace
Young-fashion powerhouse River Island intends to break into the Russian market in the next stage of its overseas push.
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News
Ashley’s Sports Direct to go back to basics
Sports Direct founder Mike Ashley said that the retailer would go back to basics to cope with a trading environment it described as “the hardest we have faced in our history”.
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Opinion
Is it worth it?
“Is it worth it?” asked one luxury retail chief today at a press event for the finest of British luxury brands.
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News
Blacks sales pick up with camping season
Blacks Leisure, the outdoor equipment and boardwear retailer, has suffered a 5.4 per cent fall in group like-for-likes in the financial year so far.
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News
Mothercare first-quarter sales advance
Mothercare has posted a rise in UK like-for-like sales and a surge in international revenues during its first quarter.
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News
Receivers called in at Dawnay Day
Two private shareholders of Austin Reed may be pursued for their assets as receivers were called in at Dawnay Day.
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News
Co-op buys Somerfield for £1.56bn
The Co-operative Group has sealed its long-awaited 1.56 billion deal to buy Somerfield.
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News
June like-for-likes down 0.4 per cent
UK like-for-like sales dipped 0.4 per cent in June, compared with the same month last year.
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Opinion
Rose is still M&S’s best bet
Sir Stuart Rose may have been under pressure this week, but you’d never have known it.