All Home & DIY articles – Page 247
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News£3.9bn opportunity for survivors of the downturn
Retailers who survive the downturn could pick up £3.9bn of business over the next few years.
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NewsHouse of Fraser launches designer-inspired collections in Linea range
The department store group has launched designer-inspired collections for its Linea range as it aims to drive sales from the own-label.
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NewsIkea exercises caution as furniture market toughens
Ikea group president and chief executive Anders Dahlvig has offered some words of warning for retailers in the Western world.
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NewsHeal’s drives e-tail sales after site relaunch
Upmarket furniture retailer Heal’s expects its website to account for up to 16 per cent of its sales after relaunching the site.
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NewsCautious brokers upgrade Kingfisher on Q1 prospects
Brokers have increased profit forecasts for DIY giant Kingfisher in expectation of a good first quarter but remain cautious about longer- term prospects.
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NewsClothing retailers benefit from April sales rise
Retail sales rose 3 per cent in value year on year during April and 2.6 per cent by volume, ONS data showed.
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NewsTK Maxx first quarter profits rise
TJX Companies, the US parent company behind discount designer TK Maxx in the UK and Europe, has notched up record growth in its first quarter and revealed that profits at the European division have soared.
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NewsLondon sales helped by warm weather
London sales have continued to grow ahead of the rest of the country with retail sales up 5.4 per cent in April, according to the BRC-KPMG London Retail Sales monitor.
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NewsONS admits it has overstated sales volumes
The Office for National Statistics is to revise the way it calculates its much criticised official retail sales figures.The Government’s official statistical body said the net impact of the changes will be to revise down its estimates of sales volumes. There will be no impact on the assessment of sales ...
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NewsJohn Lewis celebrates best week of the year
John Lewis experienced its best week of the year in the seven days to May 9, with the beleaugered home sector leading the way. Overall, sales were down marginally by 0.4 per cent to £46.8m.
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NewsIkea global chief says UK furniture worst hit
Ikea global president and chief executive Anders Dahlvig has described the UK furniture market as “the worst he’s ever seen it” and believes there is no other furniture market in the world suffering more.
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Rosebys UK to be resurrected in global push
Home textiles retailer Rosebys could make a return to the UK this year, according to its owner, Indian industrialist Sanjay Dalmia.
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Furniture village outperforms
Furniture Village’s full-year sales and profits declined, but the retailer has outperformed in recent weeks in one of the toughest trading environments.
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Ikea to expand in the Gulf
Furniture group Ikea plans to expand in the Gulf region with two stores in Oman and Qatar, in addition to adding new stores to its existing chain in Saudi Arabia. The retailer will also increase the space of its Abu Dhabi store from 9,685 to 21,530 sq ft, according to ...
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NewsWickes reveals like-for-like rise as DIY rallies
Analysts have welcomed signs of a stabilising DIY market after Wickes disclosed an improved sales performance over Easter.
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NewsSales bloom at Tesco-owned Dobbies
Dobbies Garden Centres has reported record £97m sales, 12 per cent up on last year, in part due to surging sales of its ‘Grow Your Own’ produce range. Easter 2009 trade was up 73 per cent on last year, thanks to the later holiday dates and the warm weather.
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NewsConsumer confidence falls as unemployment concerns grow
Consumer confidence has fallen nine points since last October, according to figures from the British Retail Consortium and Nielsen.
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NewsWickes owner Travis Perkins secures rights issue to raise £300m
DIY chain Wickes’ parent company, builders’ merchant Travis Perkins, has secured a rights issue to raise £300m.The company has revealed it secured a fully underwritten 7 for 10 rights issue, through the issue of nearly 86 million new shares.It has raised gross proceeds of around £314m (around £300m net of ...
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Survey reveals Ikea is world's most trusted retail brand
Ikea has come out on top in a survey of the world’s most trusted retail brands released at World Retail Congress today.
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NewsOxfam suffers first drop in donations in eight years
Oxfam has felt the effects of the recession as it reports its first drop in donations for eight years.The charity shop’s donations are down 12 per cent so far this year, which it fears could mean a total of 1.2 million fewer donations in 2009.Demand for Oxfam’s goods remains high, ...