All Electricals articles – Page 153
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News
Carphone's David Ross 'faces FSA inquiry'
Former Carphone Warehouse deputy chairman David Ross is to be investigated by the Financial Services Authority for possible breaches of stock market rules, according to reports.
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Verdict: Retail profits to dive in 2009
Retailers should brace themselves for one of the worst years on record in 2009, as high street spending goes into reverse and retail profits nosedive.
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Like-for-like retail sales slide 2.6 per cent
Retail Sales Monitor: UK like-for-like retail sales slipped 2.6 per cent in November, and total sales fell for a second consecutive month for the first time since records began in 1995.
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Oxford Street festival draws 2 million shoppers
More than 2 million shoppers flooded London's West End this weekend taking advantage of big retail discounts and a traffic-free Regent Street and Oxford Street in the run-up to Christmas, it was claimed today.
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News
Carphone Warehouse co-founder resigns after shares controversy
Carphone Warehouse co-founder David Ross has resigned after it was found he was using his shares in the retailer as security for personal loans.
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DSGi vows to beat the crunch as it posts loss
DSGi chief executive John Browett has been examining the impact of recessions as far back as 1929 to learn lessons about surviving the toughest of times.
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Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Retailers ramp up pre-Christmas Sales
Retailers have stepped up their discounting dramatically in recent weeks, with three quarters of the UK's leading chains offering discounts in the run-up to Christmas.
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John Lewis sales fail to sparkle
Sales at retail bellwether John Lewis have continued to decline as confidence on the high street wanes.
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Retail failures up 17 per cent
More than a thousand retail businesses have hit the buffers in the past year, with more failures expected due to poor Christmas trading.
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CBI survey: Retailers fear dire Christmas
Retailers are expecting a lacklustre Christmas after reporting a decline in high street sales in November, according to the CBI's Distributive Trades Survey.
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Analysis
Christmas TV ads: Will christmas ads woo the shoppers?
Retailers are spending huge amounts on Christmas advertising this year, but is it money down the drain? Charlotte Hardie and Saatchi & Saatchi’s Richard Huntington tune in to this year’s festive campaigns.
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Analysis
Pre-Christmas discounting: Can you cut it?
High street retailers are slashing prices in the Christmas run-up, but is it the answer to their problems, asks Charlotte Hardie
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News
Richer Sounds profits suffer as margins slip
Specialist electricals retailer Richer Sounds posted a 38.8 per cent fall in pre-tax profits to 3.7 million for the year to April 26.
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Home Retail Group purchases two electricals brands
Home Retail Group, owner of Argos and Homebase, has acquired specified rights to the electricals brands Alba and Bush.
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DSGi moves into loss as recession looms
Electricals giant DSGi, owner of chains including Currys and PC World, is preparing to tough out a recession after making a first-half loss.
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Green and Rose lead talks as retailers scramble to deliver VAT cut
Sir Philip Green and Sir Stuart Rose have led discussions among retailers scrambling to deliver the cut in VAT by the time it comes into force on Monday.
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Pre-Budget report: Retail opinion divided on VAT change
Some retailers have welcomed attempts by Chancellor Alistair Darling to kick-start the economy in yesterday’s pre-Budget report, but others have expressed anger that changes do not go far enough.
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News
Supermarkets up ad spend
Supermarkets have upped their ad spend while most other major retailers have slashed theirs in response to the economic crisis.
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VAT cut expected in pre-Budget report
Chancellor Alistair Darling is expected to cut VAT to 15 per cent in today's pre-Budget report as part of a raft of measures designed to stimulate the economy.