All Home & DIY articles – Page 248
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News
Falabella experiences first quarter profit fall
Store group Falabella suffered a profit fall in its first quarter as global economic turmoil took a toll.The retailer, which runs supermarkets, home improvement stores and department stores in Argentina, Colombia and Peru as well as its domestic market of Chile, reported like-for-like declines of between 2.7 per cent and ...
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NewsCarpetright targets high street as property prices plummet
Carpetright, the UK’s largest flooring retailer, is shifting its focus from out-of-town back to the high street to take advantage of falling rents, which have plunged by as much as 50 per cent.
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NewsHomeForm trials concessions in Bhs Home stores
HomeForm has opened concessions in four Bhs Home stores as it seeks to reach a wider audience.
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NewsWyevale axes carbon neutrality promise
Garden centre chain Wyevale has scrapped plans to become carbon neutral by 2010 after its new management deemed the pledge “unrealistic”.
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NewsClas Ohlson plans 10 UK stores in a year
Swedish hardware chain Clas Ohlson is ramping up its UK expansion plans as it explores its long-term ambitions for Europe.
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NewsJohn Lewis to launch standalone home and electricals format
John Lewis is to open standalone homewares and electricals stores in a bid to gain greater coverage of the UK market.
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NewsRetailers lead business revolt against Heathrow third runway
Retailers have called on Government to reconsider plans for a third runway at London’s Heathrow airport.
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NewsApril's fashion and gift sales up while homewares continues to suffer
Fashion and gift retailers enjoyed a lift to sales in April while homewares continued to suffer.The BDO Stoy Hayward High Street Sales Tracker of medium-sized retailers revealed that across all sectors retail like-for-likes increased 1.7 per cent in April.The report said the Easter calendar shift increased demand for gifts and ...
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NewsCarpetright director John Kitching leaves board to focus on sister brand
Carpetright executive director John Kitching will leave the retailer’s board to focus on his role as managing director of sister brand Storey Carpets.Kitching will leave the board of the UK’s largest flooring retailer at the end of this financial year on May 2, 2009.He will remain at Carpetright to “concentrate ...
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News
Praktiker continues to suffer
Home improvement group Praktiker’s first-quarter losses widened from €20.8m (£18.7m) to €49.2m (£4.4m), and group sales dropped 8 per cent to €795.6m (£713.4m).The retailer said the performance was “materially attributable to its international business” as currency depreciation hit. However, Praktiker expects “adequate, positive EBITA” for the full year.Domestic sales in ...
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News
Ikea hires new chief executive
Ikea has promoted Mikael Ohlsson to chief executive of the furniture and homewares giant. He will replace Anders Dahlvig, who has been at the helm for 10 years.Ohlsson, who has worked at Ikea for 30 years, will take up the position on September 1. At present he is regional manager ...
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NewsReassuring updates propel retail shares again
Once again, the only way was up for store stocks as the general retailers’ rally maintained momentum following a raft of reassuring updates and results.
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NewsCarpetright increases ad spend as it focuses on TV to halt sales slide
Carpetright will up its ad spend 15 per cent and alter its marketing strategy as sales fall in the tough big-ticket furniture sector.
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NewsAllied Carpets chief operating officer Jean Wattel resigns
Allied Carpets chief operating officer Jean Wattel has resigned from the carpet retailer weeks after restructuring specialist Hilco bought the company.
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NewsHilco emerges as owner of Allied Carpets
Turnaround specialist Hilco has emerged as the owner of Allied Carpets.
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NewsHome Retail Group posts 24 per cent fall in preliminary profits
Home Retail Group, owner of the Argos and Homebase chains, has warned of continued tough trading conditions ahead after posting a 24 per cent fall in preliminary profits.
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NewsRetail sales get an unexpected lift in April
Retail sales in April were better than expected according to the CBI, with sales volumes unexpectedly flat after more than a year of decline.
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NewsDunelm enjoys sales lift
Dunelm has reported an improving performance with like-for-like sales up 2.3 per cent in the 17 weeks to April 25.
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NewsCarpetright like-for-likes continue to slump as margins slip
Carpetright’s like-for-like sales have continued to tumble but it has successfully renegotiated its banking terms.
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NewsRetail insolvencies rise 60 per cent
Retail collapses soared in the first quarter as companies fell victim to falling consumer confidence and a deteriorating financing environment.On average, more than seven retailers hit the wall a day in the three months to March. The number of insolvencies jumped 24 per cent on the previous quarter, according to ...