All Home & DIY articles – Page 215
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NewsLosses fall at Jysk as turnover soars 20%
Danish furniture retailer Jysk has increased sales in a difficult market while shaving a third off its losses.
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DCM Holdings revenue falls 2% to £2.5bn
Home improvement retailer DCM Holdings reported a 2% fall in revenues to ¥320.8bn (£2.5bn) in the nine months ending November 30, 2010. Operating profit was up by 3.8% to ¥11.8bn (£93m), while net profit was up by almost a quarter to ¥6.5bn (£51m).
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NewsThe White Company reveals strong Christmas trading
Furniture and fashion retailer The White Company experienced a 24% surge in Christmas sales as gifts, clothing and fragrance helped pull in shoppers.
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NewsDFS reports first quarter earnings flat at £15.2m
DFS, the specialist sofas retailer owned by private equity firm Advent, has posted flat earnings in its first quarter.
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NewsDixons, Home Retail and HMV among most at risk from snow disruption
Electricals group Dixons, Argos-owner Home Retail Group and entertainment specialist HMV are among the retailers most likely to be affected by snow and icy conditions broker Numis believes.
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NewsJohn Lewis beats snow to post sales leap
Despite taking a sales hit of almost £5m on Saturday, department store chain John Lewis managed to achieve turnover of more than £120m for the second week running and for only the second time in its history.
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NewsStakebuilders spot an opportunity in retail
Retail shares, like the temperature, dipped below zero as the big freeze was reflected in icy investor attitudes towards stores on fears that trading will suffer in the golden period.
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NewsChristmas on ice
High street could benefit at the expense of out-of-town shops if the bad weather continues
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NewsBig-ticket retailers race to start Sales before the VAT rise hits
DIY and furniture retailers confident about early start to January Sales but cautious about early 2011
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PPR enters talks with South African Steinhoff International Holdings
Luxury and retail group PPR has entered into exclusive negotiations with South African Steinhoff International Holdings over the sale of its shares in Conforama. The transaction is worth about E1.2 bn (£1bn) in cash. In November 2009, PPR announced that it was planning to sell off its retail division including ...
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Danks acquire five Magnet Mart stores as part of owners Woolworths and Lowe's venture into hardware
Woolworths and its US-based home improvement partner Lowe’s have acquired a Canberra-based hardware chain, as part of their aggressive venture into the hardware arena. The five stores, which trade under the name Magnet Mart, have been acquired by Danks, the hardware wholesaler that ...
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NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
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NewsFranchise model insulates United Carpets from harsh trading conditions
United Carpets has posted a fall in first-half profits but labelled performance “solid” in the tough trading environment.
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NewsClas Ohlson scales back UK expansion plans in tough market
Swedish DIY and homewares chain Clas Ohlson has scaled back its UK expansion plans due to difficult market conditions.
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NewsFood, fashion and furniture show record November price inflation
Food, clothing and furniture price inflation recorded record rises for November, helping drive the Consumer Prices Index up by 3.3% overall.
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NewsWickes sales grow as shoppers buy ahead of VAT rise
DIY chain Wickes like-for–likes grew 0.6% in the 47 weeks to November 27 with turnover up 2.7%.
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NewsCarpetright profit slides
Carpetright group pretax profit fell from £11m to £9.8m in the 26 weeks to October 30.
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NewsB&Q to go on Sale this Friday
DIY market leader B&Q will launch its ‘January’ Sale this Friday – its earliest and, it promised, biggest such seasonal promotion ever.
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NewsLombok turnaround puts it back into black
Furniture chain Lombok has bounced back into the black, after instigating a turnaround plan that saw it slash costs and shut stores.
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Ikea United Arab Emirates flagship to open in 2012
Ikea’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall store ...