All MFI articles – Page 2
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AnalysisReasons to be cheerful
The bank holiday festivities are over and it is back to the grind of tough trading and ferocious competition. But it’s not all doom and gloom for the industry. Here we highlight why there is plenty of reason for optimism…
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NewsCredit insurers vow not to pull plug on retailers
Insurers insist there won’t be a repeat of the withdrawal of cover despite HMV’s woes
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AnalysisBrands: If at first you don’t succeed, try, try, try again
Joining the ranks of high street failures such as Zavvi and Woolworths, high-profile retail casualty of the recession MFI is being resurrected as an online brand. But can failed or struggling brands successfully put their tattered reputations behind them and regain trust
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Opinion
Mostly Futile Intentions
£250,000 doesn’t sound like a lot of money for the MFI brand, but is it worth even that?
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NewsMFI brand back from the dead following £250k deal
Brand relaunch marks a new chapter in the furniture retailer’s tumultuous history
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NewsWickes to cash in on MFI gap with new-format trial
DIY retailer Wickes is opening standalone kitchen and bathroom stores to expand geographically and soak up market share left by MFI’s collapse in 2008.
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Analysis
An Easter battle come rain or shine
Recent unpredictable weather has only heightened pressures on the DIY sector and an Easter washout could spell disaster. Nicola Harrison looks at retailers’ fightbacks and asks if the looming price war will help
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AnalysisRetailers must make their own luck in 2010
There won’t be a double-dip recession, Retail Week Conference delegates heard, but this year will be bumpy.
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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AnalysisCelebrity non-executives: What is the benefit of hiring a famous director?
A retail board may bask in the reflected glory of hiring a famous non-executive, but what are the real benefits and are they ever more than window dressing? Joanna Perry reports
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Analysis
Is furniture getting back on its feet?
Furniture retailers may no longer be dropping like flies, but that doesn’t mean the sector’s troubles are over just yet. Nicola Harrison reports.
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NewsTesco retreats from Holmfirth superstore plan
Plans for a Tesco superstore in the West Yorkshire town of Holmfirth, home of the BBC comedy series Last of the Summer Wine, have been axed after a campaign by residents and local independent retailers.
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AnalysisHilco: hero or villain?
Profiting from retail misfortune as it does, restructuring specialist Hilco is much maligned. George MacDonald asks if the rancour is deserved
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NewsLand of Leather executive in talks with Allied Carpets
Clive Hatchard, former chief finance officer of collapsed retailer Land of Leather, has emerged as the third senior executive of a failed retailer to be linked with Allied Carpets about a possible position at the company.
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NewsFormer MFI and Woolworths chiefs drafted in to Allied Carpets
The former bosses of collapsed retailers Woolworths and MFI have been parachuted in to help turn around embattled Allied Carpets, which was bought out of pre-pack administration last week.
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OpinionFailed retailers rarely manage a comeback
The collapse and subsequent re-emergence of Allied Carpets has prompted a bigger response on Retail Week’s website than any story we’ve ever run – beating the previous record-holder, last month’s pre-pack of Birthdays, by a short head.
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NewsTrading Bargains to ramp up expansion
The Range owner Chris Dawson will continue with aggressive expansion plans for Trading Bargains, the brand he set up to sell stock bought following the collapse of MFI.
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AnalysisThe retail awards no one wants to win
Hindsight is a wonderful thing, but even the best retailers get it wrong sometimes. Charlotte Hardie looks back at some of retail’s biggest strategic blunders and asks what we can learn from them
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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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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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