All Home & DIY articles – Page 194
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NewsBrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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NewsJohn Lewis customers "resilient" despite sales dip
John Lewis sales slipped 0.8% to £76.3m in the week to Saturday November 12.
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NewsPrice-matching drives weekly sales rise at John Lewis
Sales at John Lewis department stores climbed 4.4% last week lifted by an “outstanding” fashion performance as the retailer price-matched a rival’s promotion.
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NewsMFI to relaunch online despite challenging trading environment
Furniture retailer MFI is to be reborn at the end of the month as an online retailer almost three years to the day after the company collapsed amid the punishing trading conditions of 2008.
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AnalysisSofas giant with designs on expansion
After coming under new management last year, DFS is embarking on a new growth phase under changed ownership. Nicola Harrison reports.
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NewsMydeco.com to vie for John Lewis share
Mydeco.com, the homewares and furniture aggregator website, plans to take on John Lewis as it launches a transactional website targeting the department store’s customer.
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NewsMultiyork appoints joint managing directors
Furniture retailer Multiyork has appointment Adrian Iles and Oliver Spark as joint managing directors after the departure of executive chairman and chief executive Indira Thambiah last month.
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NewsMultiyork chairman and chief executive Thambiah steps down
Furniture chain Multiyork chairman and chief executive Indira Thambiah has stood down.
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NewsMarks & Spencer suffers half year profits drop
Marks & Spencer has revealed a fall in underlying pretax profit to £315.2m from £348.6m in the 26 weeks to October 1 as the retailer invested in offering customers value for money in light of the depressed economy.
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NewsRetail like-for-likes slip 0.6% in October
UK like-for-like retail sales slipped 0.6% in October as growth in food sales slowed and non food sales fell. Total sales were up 1.5%.
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NewsCrate & Barrel puts UK store plans on hold
American homewares retailer Crate & Barrel has frozen plans to expand into the UK due to concern about current European economic climate, it is understood.
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NewsBrightHouse profits up 22% in first half
Rent-to-own electricals and furniture retailer BrightHouse has revealed EBITDA rocketed 21.8% to £20.7m in its first half.
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NewsMydeco.com to launch transactional site
Mydeco.com, the homewares and furniture aggregator website, is transforming itself into a fully fledged retailer when it launches a transactional site later this month, Retail Week can reveal.
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AnalysisIn for a pound
Poundland’s popularity has continued to grow thanks to the appeal of its single-price point and broad product range, and now boss Jim McCarthy plans to attract web customers too. By Tiffany Holland.
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NewsDwell launches kitchens
Furniture chain Dwell has introduced a range of “high quality kitchens at affordable prices” to its offer.
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NewsDFS profits rise 11.4% as sales slip
Sofas giant DFS has revealed full-year EBITDA growth of 11.4% to £80m in a “very challenging” big ticket environment.
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NewsStore Twenty One to push trend-led fashion
Value clothing and homewares retailer Store Twenty One is to further increase its fashionability after its trendier lines helped it bounce back into the black.
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News
Decrease in revenue at DIY retailer Praktiker
DIY retailer Praktiker has revealed revenues dropped 7% to E844m (£735m) for the third quarter ended September 30.Like-for-like sales were also down 7%, while revenues of the Praktiker banner in Germany fell 9%. However, its domestic Max Bahr banner reported revenues increased by 3%. International revenues continued to decline, particularly ...
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NewsB&Q's oldest employee retires
We’re all going to have to work for longer in years to come, but hopefully not as long as B&Q’s oldest employee Syd Prior who has decided to finally hang up his apron at the age of 96.
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Opinion
Emma Bridgewater
Retailers with only a handful of stores may struggle to create a strong brand identity and customer loyalty.