All Home & DIY articles – Page 253
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News
MFI leases cost Galiform £100m
The MFI leases that reverted back to former parent company Galiform when the furniture retailer collapsed last year have cost it nearly 100m.
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BRC urges EU to cut VAT on more green products
UK retailers are urging the European Commission to lower VAT on energy-efficient household products on the day the Retailers’ Environmental Action Plan (REAP) is launched.
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Smallbone suspends shares as it begins strategic review
Upmarket furniture retailer Smallbone has suspended its shares as it launches a strategic review of the business amid torrid trading conditions.
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Waterford Wedgwood bought by US private equity firm KPS
Waterford Wedgwood’s UK and Irish business has been sold to US private equity firm KPS.
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Shop Direct Group gets online surge from demise of high street rivals
Shop Direct Group has said that rising online sales and the demise of high street rivals has boosted its e-tail business.
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Wickes chief warns ‘there isn’t room’ for DIY big four
One of the biggest DIY retailers has warned that the sector is not big enough for the existing four big hitters to survive the recession and has raised the prospect of a price war.
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Analysis
Northern Ireland retailers benefit as Republic's consumers stream north
Amid the gloom of retailing in the UK one area is bucking the trend. But Northern Ireland’s gain is the Republic’s loss. Charlotte Hardie reports from Belfast on why Northern Irish eyes are smiling.
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Kingfisher expected to ride out downturn
DIY giant Kingfisher is expected to emerge stronger from the downturn, but weakening performances in some international markets have prompted City caution about short-term prospects.
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Lowe’s and Home Depot hit as consumer downturn bites
The steep fall in consumer spending battered fourth-quarter profits at Home Depot and Lowe’s, the world’s two biggest home improvement retailers.
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Habitat confirms move into Middle East and Russia
Habitat has confirmed it is to open stores in the Middle East and Russia this year.
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House of Fraser consults on jobs
Department store group House of Fraser has begun consultation with some staff as part of an efficiency drive.
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Dunelm profits flat in tough homewares market
Homewares retailer Dunelm has reported interim profits up 0.2 per cent to 27.3m.
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Wickes website tweaks propel internet sales
Wickes’ e-commerce business has increased conversion rates on its website by 10 per cent as a result of introducing a system to test its site content.
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Wyevale completes restructuring talks
Restructuring talks between garden centre operator Wyevale and Bank of Scotland have concluded with the bank increasing its stake in the retailer.
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Home Depot's profits almost halve
The world’s biggest home improvement retailer, Home Depot, revealed that consolidated profit plunged by nearly 50 per cent last year as it suffered amid the US housing slump.
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Online retailers lead the way in customer service
Play.com and Amazon have topped a customer satisfaction poll to find which retailers hit the mark when it comes to customer service.
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Retailers renege on VAT cuts
Some retailers are not passing VAT cuts on to their customers, a Sunday Times investigation has found.
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John Lewis sales continue to suffer with poor weather
John Lewis sales fell for the fourth consecutive week, down 3.2 per cent in the week to February 14, as poor weather continued to hit trade.
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Analysis
Euan Sutherland: Home improvement
As B&Q celebrates turning 40, Nicola Harrison talks to boss Euan Sutherland about his master plan to revitalise the brand
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NewsTrading Bargains: The Range owner to sell MFI stock in temporary outlets
Retail tycoon Chris Dawson, owner of The Range, has opened a raft of temporary stores under the new fascia Trading Bargains to trade stock bought after the collapse of MFI.