All Home & DIY articles – Page 250
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NewsRobert Dyas completes management buyout
Hardware retailer Robert Dyas has completed its management buyout.The retailer, which said the deal is “fully supported” by its banks, said it will now be able to “build on its recent excellent trading performance while safeguarding the future of its employees and stores across the South of England”. Chief ...
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B&Q to personalise marketing
B&Q is to introduce more personalised marketing to customers in the second half of this year to better target specific segments such as older shoppers and trade customers.The DIY retailer has been analysing customer data using things like its Trade Discount Card, to work out how different customer segments behave, ...
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NewsHalf of Brits fear losing their jobs, according to Asda survey
Half the population fear losing their jobs during the next six months and two thirds would be prepared to take a pay cut or a reduction in hours to avoid being made redundant, according to an Asda survey.The survey of 1,000 people also found that half expect their pay to ...
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NewsRobert Dyas pays owners £2.75m
Robert Dyas has paid its private equity owners Change Capital £2.75m in fees for ‘strategic’ advice, according to The Daily Telegraph.It comes as the management team of the troubled retailer, led by chief executive Steve Round, is trying to secure a management buy-out of the company, which would, in effect, ...
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NewsRobert Dyas moves closer to rescue deal
Robert Dyas chief executive Steven Round is close to completing a management buyout of the business.
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OpinionKeep the international faith
Despite bumps in the road, emerging markets are still great opportunities, says Ian Cheshire
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Jysk makes early loss in UK but trading on the up
Jysk made a pre-tax loss of £1.9m in its first five months of operating in the UK due to the impact of start-up costs but said trading is “very good”.In the five months to August 31, 2008, the UK arm of the Danish furniture giant made sales of £1m in ...
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Robert Dyas considers debt-for-equity swap
Hardware retailer Robert Dyas is considering a debt-for-equity swap with its bank Lloyds.It is one of several options being assessed by the retailer’s owner, private equity firm Change Capital, as it seeks to navigate the downturn.Sources close to the situation said the idea does not mean that the retailer is ...
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DSGi to close its loss-making Nordic stores
DSGi will shut its loss-making Finnish chain Markantalo and Swedish chain PC City.The retailer is in negotiations to close 19 out of 23 stores under the Markantalo fascia, which was acquired in December 2005 for £33.6m. The remaining four shops will convert to Gigantti, the 26-store Finnish equivalent of DSGi’s ...
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Ian Cheshire pledges B&Q China turnaround after sales slump
B&Q owner Kingfisher will “reinvent” its store model in China as it prepares to slash shop space in the country by 40 per cent.The home improvement group’s B&Q China arm, which made losses of £52m and experienced a 24 per cent decline in sales in the year to January 31, ...
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Dreams defies furniture sector gloom with 18% jump in profits
Bed specialist Dreams has triumphed over grim furniture retail conditions by revealing an 18 per cent hike in operating profits to £14.4m in the year to December 25.Dreams said it was able to lift profits as a result of driving “significant economies of scale, despite the rising fuel and steel ...
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New Waterford Wedgwood owner to invest €100m
The new owners of crockery and glassware company Waterford Wedgwood will pump €100m ( 92.5m) into the business and embark on an aggressive growth strategy.
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Bid talk lifts Topps Tiles shares ahead of update
Topps Tiles’ share price climbed last week as bid speculation swirled around the retailer.
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Operating in a downturn: strategies for success
It’s not all doom and gloom. The big hitters had lots of practical insight into surviving the crunch at this year’s Retail Week Conference. We summarise some of the hot topics discussed at the event
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The Q in B&Q: Founder visits New Malden eco-store
David Quayle, one of the B&Q founders and the man behind the Q in the retailer’s name, visited the eco-friendly New Malden store last week with chief executive Euan Sutherland as the business celebrates its 40th anniversary
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B&Q website to take advantage of ‘world-class’ Screwfix fulfilment
B&Q and its sister brand Screwfix are sharing fulfilment capabilities as parent company Kingfisher seeks to expand its UK trade business and find synergies between the two businesses.
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Carpetright likely to retain top spot
What does the acquisition of Allied Carpets by investment fund Sigma mean for Carpetright, the quoted player?
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AnalysisAt home with M&S
M&S’s latest Home store, in Cardiff, has moved the format on and even added food to help drive precious footfall.
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February sales volume growth slows
The volume of retail sales in February was 0.4 per cent higher than last year, showing the lowest growth rate since September 1995.