All Home & DIY articles – Page 224
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.
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NewsWorld Cup and sunny weather lifts retail sales in June
Retail sales grew 1.2% in June on a like-for-like basis with retailers benefitting from the hotter weather and the start of the World Cup.
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NewsJohn Lewis sales benefit from England’s World Cup exit
England’s exit from the World Cup is helping sales at department store chain John Lewis, which rose 11.4% last week to £67m.
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NewsTopps Tiles is ‘good recovery story’
A Topps Tiles analysts’ trip last week helped convince the City that the retailer is a “good recovery story”.
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NewsThree-quarters of Focus stores could be downsized
Focus DIY has revealed a 17% uplift in full-year EBITDA as it lays out plans for further stores in its new compact format.
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NewsWickes revenue up 2.1% as it outperforms market
DIY retailer Wickes made market share gains in the 26 weeks to June 30.
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Harvey Norman acquires rival Clive Peeters
Electricals retailer Harvey Norman has announced that it has bought competitor Clive Peeters following its entry into voluntary administration after a difficult trading period.The company paid A$55m (£30.4m) for the 38 operating Clive Peeters and Rick Hart shops.The deal is expected to add between Aus$300 and Aus$400m (£166.1 and £221.5m) ...
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Bed Bath & Beyond to spend £150m on IT and stores
Bed Bath & Beyond has announced plans to spend $225m (£150m) on IT, new store openings and a store refresh initiative.The retailer plans to open about 55 to 60 stores across all of its concepts in fiscal 2010.Bed Bath & Beyond co-chairman Leonard Feinstein said: “We continue to work to ...
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NewsShop price inflation slowed to 1.5% in June
Shop price inflation slowed to 1.5% in June after slowing to 1.8% in May, according to the BRC-Nielsen Shop Price Index.
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NewsMarks & Spencer like-for-likes leap in first quarter
Marks & Spencer has reported a 6% surge in general merchandise like-for-likes in the first quarter, when the retailer wooed clothing shoppers with “improved styling, stronger fashions and great value.”
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NewsThe Retail Trust launches second Search for a Star competition
The Retail Trust has launched its second ‘Search for a Star’ competition after a successful hunt for the best musical talent in the retail sector last year.
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NewsDFS owner to buy out Lord Kirkham’s remaining interest in the business
DFS owner Advent International is working towards a refinancing deal that would buy out the last remaining debt interests of its founder Lord Kirkham.
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NewsTravis Perkins said it is making market share gains
DIY giant Travis Perkins’ retail division has reported like-for-like sales have declined 0.4% in the 26 weeks to June 30 but total sales have increased 2.1%.
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NewsJohn Lewis records 13.3% weekly sales rise
Department store chain John Lewis generated a sales uplift of 13.3% last week “despite many distractions”.
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NewsKingfisher puts Euan Sutherland in charge of group sourcing
DIY group Kingfisher has rejigged directors’ responsibilities to put more “management resource” behind its group sourcing drive.
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Bed Bath & Beyond Q1 sales up 13.5%
Bed Bath & Beyond has posted a net sales rise of 13.5% to $1.92bn (£1.27bn) for the first quarter of 2010. Like-for-like sales increased by about 8.4%. Net earnings rocketed 58% to $138m (£91.6m).During the first quarter the retailer opened two Bed Bath & Beyond stores and two Buybuy Baby ...
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NewsTesco sells log cabins
Tesco already sells most of anything shoppers could ever need and now it is adding flat-pack log cabins to its portfolio.
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NewsCarpetright profit surges as UK business improves
Carpetright pretax profit grew from £16.7m to £22.3m in the year to May 1.