All General merchandise articles – Page 196
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NewsPark Group sales grow 5%
Christmas savings and voucher specialist Park Group said sales grew 5% in its full year to March 31.
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NewsStrong year for Halfords as profits grow 26.7%
Pre-tax profits at Halfords soared 26.7% to £117.1m beating analyst expectations in its full year to April 2.
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NewsM&S could grasp £300m food opportunity
Marks & Spencer’s improved strength in general merchandise enables new chief executive Marc Bolland to focus on a £300m opportunity in food, according to UBS.
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NewsSmythson chief executive exits
Smythson chief executive Paddy Byng is to step down from the upmarket stationers and leather goods retailer at the end of the month.
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NewsProfits soar at pawnbroker Albemarle & Bond
Pawnbroker Albemarle & Bond is plotting more stores as cash-strapped consumers helped pre-tax profits soar 75% to £10.8m.
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News
Bim Q1 proftis up 20%
Hard discount retailer Bim reported that its net profit rose 20% in the first quarter of 2010, up to TRL66m (£28.5m), and is on track to beat its 2010 profit and turnover targets. Sales climbed 29% to TRL1.58bn (£682.69m).
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NewsClinton Cards like-for-likes dip
Clinton Cards has reported like-for-like sales excluding VAT were 1.7% lower in the 13 weeks to May 13 than the same period the previous year.
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NewsSir Stuart Rose admits he considered taking M&S private
Sir Stuart Rose, the chairman of Marks & Spencer, has admitted he considered taking the chain private to allow it to concentrate on long-term planning.
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NewsShop price inflation rises to 2% in April
Shop price inflation rose to 2% in April, up from the 1.2% recorded in March.
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NewsPoundland sold in £200m deal
Value retailer Poundland has been bought by US private equity house Warburg Pincus.
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NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
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NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
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NewsRetailers make their mark in Sunday Times Rich List
Retailers have once again featured prominently in the Sunday Times Rich List, with many climbing up the list after a successful year, with some cashing in on retail floats and demergers.
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NewsBridgepoint in exclusive talks to buy HobbyCraft
Bridgepoint Capital is poised to buy HobbyCraft, Retail Week has learned.
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NewsFlying Brands’ garden division suffers from bad weather
Flying Brands’ garden division has been behind expectations due to bad weather with sales of bedding plants during spring.
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NewsAsda plans 150 Living stores in bid to be UK’s leading non-food retailer
Asda has confirmed that it is aiming to become the UK’s biggest non-food retailer by growing the number of Asda Living stores fivefold to 150.
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NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
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OpinionAim high for long-term loyalty
Loyalty is more about products and service, and less about promotions, says Jacqueline Gold
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NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.
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GalleryStore of the Week: 10 Corso Como Milan
This store is neither new, nor is it exactly unknown. 10 Corso Como sits in one of Milan’s more outlying central districts and is a destination for style-seekers from around the world.