All Home & DIY articles – Page 161
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NewsArgos delivers 'good start to year' as it posts 2% like-for-like rise
Argos has posted like-for-like sales up 1.9% in its first quarter driven by electricals and online as last year’s sales momentum carries through to the new year.
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NewsMatalan reveals 10% jump in full-year profits to £100m
Matalan has recorded a 10% surge in EBITDA to £100m for the full-year as online sales surged 45% but the retailer “remains cautious” of the trading outlook.
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NewsDwell set to call in administrators as stores close for 'stock taking'
Embattled furniture chain Dwell is close to collapse, putting around 200 jobs on the line, and yesterday closed high profile shops for ‘stock taking’.
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NewsFormer Topps and Tile Giant directors launch tiles etailer
A team of highly experienced retailers aims to shake up tile retail with the launch of a specialist online business.
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NewsRent-to-own retailer BrightHouse launches loyalty scheme
Rent-to-own retailer BrightHouse has launched a new loyalty programme to give its customers retail and leisure rewards.
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NewsCath Kidston mulls launch of wedding list and VIP shopping in Piccadilly superstore
Cath Kidston is considering launching a wedding list service and VIP shopping in its yet-to-open superstore planned for London’s Piccadilly.
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NewsKingfisher boss Ian Cheshire names potential successors
Kingfisher group chief executive Ian Cheshire has named two of his leading deputies as his potential successor when he steps down from the role in as little as three years.
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NewsMarks & Spencer to develop £200m distribution centre
Marks & Spencer has revealed plans to develop a new £200m distribution centre at London Gateway Logistics Park which will help cut supply chain costs for products delivered by sea.
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NewsB&Q launches garden tool recycling trial
B&Q is kicking off its first garden tools trade-in next weekend as part of the home improvement retailer’s plans to become more sustainable.
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NewsDwell founder vies to buy back firm as restructurers circle
Dwell’s founder is among potential buyers circling the troubled furniture chain after it emerged last week it has hired advisors to find a buyer.
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AnalysisAnalysis: The DIY market – How retailers are fighting tough conditions
A depressed housing market, unseasonal weather and a shift in consumer spend mean the DIY market has shrunk. How can retailers fix the problems?
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NewsIan Cheshire urges British retailers to expand abroad
Kingfisher boss Ian Cheshire has urged British retailers to look abroad for growth in the downturn as he revealed ambitions to acquire “bolt-on sites” for the retailer’s French and Turkish operations.
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NewsDreams chief executive Nick Worthington to step down
Dreams chief executive Nick Worthington is to stand down from the beds retailer after five years at the helm.
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NewsShop prices deflate for the first time in more than three years in May
Annual shop price inflation in May slipped 0.1% from a 0.4% increase in April, the first time it has deflated for more than three and a half years.
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NewsIn focus: May retail sales figures from the BRC
UK retail like-for-like sales rose 1.8% in May, according to the British Retail Consortium (BRC)-KMPG Retail Sales Monitor. Retail Week drills down into how each of the individual categories performed.
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NewsMay like-for-likes up 1.8% helped by strong furniture and flooring sales
May retail like-for-like sales jumped 1.8% year on year boosted by the improved weather and strong sales in furniture and flooring.
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NewsHarveys-owner ups funding facilities as it prepares business for growth
Furniture retailer Steinhoff Europe, which operates Harveys and Bensons for Beds, has increased its funding facilities “in preparation for growth”, according to its lender Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB).
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Analysis
In numbers: The retail sector's contribution to the UK's public purse
Retailers have been hit by surging tax bills driven by increasing corporation and property taxes, according to the PwC survey of the Hundred Group of the UK’s largest businesses.
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NewsFurniture etailer WorldStores raises £10m to fund growth
Online furniture specialist WorldStores has raised £10m to support the rapid growth of the business from private equity firms.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.