All General merchandise articles – Page 142
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AnalysisWHSmith 20-week update: What the analysts say
WHSmith has once again generated profit through cost cutting despite posting like-for-like sales down 5% in the 20 weeks to January 20. Retail Week looks at analyst comment.
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NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
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NewsPet specialist Pets at Home to launch in-store magazine
Pets at Home will launch a magazine this Easter, which it says will be the UK’s biggest circulating pet-centred magazine available across its 330-store estate.
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NewsCompany profile: Dunnes Stores
Dunnes Stores, one of the biggest general merchandise and food retailers in Ireland, enjoyed a bounce in performance over the festive period in its domestic market.
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News
Mothercare posts 7.4% slump in group sales during third quarter
Baby specialist Mothercare posted a 7.4% slump in group sales for its third quarter but boss Simon Calver remained positive of the “solid progress” made in the period.
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NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
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NewsThe Original Factory Shop seeks adviser for a sale
Discount retailer The Original Factory Shop is seeking an advisor as it prepares for a future sale and could be valued for as much as £100m, it is understood.
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NewsKiddicare inks ITV sponsorship deal as it poaches Tesco director
Kiddicare has poached Tesco buying director Alex Fisher as its new commercial director as the baby specialist broadens its business and launches its first major marketing campaign.
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InterviewQ&A: Halfords chief executive Matt Davies speaks on its third quarter update
Halfords posted flat like-for-likes up 0.4% for the retail business today as it modestly upgraded its profit forecast for the year. Chief executive Matt Davies explains the results.
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NewsMamas & Papas cuts pre-tax losses as it invests in growth plan
Mamas & Papas cut its pre-tax losses in its last financial year despite sales remaining flat as it invested in its plan to become one of the biggest global nursery brands in five years.
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NewsHalfords like-for-likes flat over Christmas as it ups profit forecast
Halfords retail like-for-likes remained flat in the 15 weeks to January 11 as the cycle and car parts specialist upgraded its profit forecast for the year.
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AnalysisAnalysis: What can the City expect from the updates this week?
After the numerous, and sometimes headline-grabbing Christmas updates last week, this week looks set to be just as busy, with retailers including Argos, Dixons and Primark revealing their performances over the golden quarter.
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OpinionComment: from Andy Street to Jim McCarthy – my 2012 retail honours list
In a volatile economic climate it’s more difficult for retailers to shine. Following Jessops’ collapse, I wanted to hail successful organisations and the individuals who lead them.
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NewsClosure of all 187 Jessops stores starts as axe falls on 1,370 jobs
The closure of all 187 Jessops stores will begin today after administrator PwC said the retailer can no longer trade without supplier support.
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OpinionNick Bubb's Verdict: Cost control won't work forever at M&S
With CEO Marc Bolland under increasing pressure to get profits moving up at M&S, it is unhelpful to his cause that current year expectations have had to be notched down again, even though M&S promises to get its act together this autumn.
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AnalysisChristmas roundup: Toys - The Entertainer targets growth after record sales
The Entertainer achieved a record Christmas. Like-for-likes rose 9.5% in the five weeks to December 29, as it pushes the button on international expansion plans.
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NewsUPDATED: Jessops collapses into administration, store closures expected
Jessops has collapsed into administration with PwC appointed as administrator, as tipped by Retail Week this morning.
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News
7-Eleven purchases 143 sites in Texas
Seven & I-owned 7-Eleven has purchased 143 sites in Texas. The acquisition includes Speedy Stop and Tigermarket convenience stores owned by local operator CL Thomas.The deal also increases 7-Eleven’s fuel wholesale delivery business, because the purchase included petrol distribution to approximately 150 dealer-operated sites.
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NewsQD Stores acquires discount chain Thingmebobs
Value retailer QD Stores has acquired east of England discount chain Thingmebobs.
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NewsQD Stores posts 8% like-for-like Christmas jump
QD Stores delivered sales up 8% across the Christmas trading period as the value retailer improved product sourcing and benefitted from a new IT system.