More on Me + Em – Page 695
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Analysis
Well-connected Anthony Houghton heads to Holland & Barrett
With Wilko, Argos, Home Retail, Currys Dixons and Woolworths under his belt, Anthony Houghton arrives as retail and property director – and few know the high street better than he does.
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News
Homebase sold to Hilco as Wesfarmers culls Bunnings UK
Wesfarmers, which bought Homebase two years ago, has disposed of the ailing DIY firm for just £1 following its disastrous attempt to launch Bunnings in the UK.
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News
Sainsbury’s ushers in new pay deal following consultation
Sainsbury’s has rubber-stamped plans to invest £110m in a new pay deal for staff following a consultation with workers.
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News
B&Q sales slump as big freeze forces store closures
Kingfisher blamed “unusually adverse weather” for a dramatic drop in B&Q sales during its first quarter.
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Interview
Interview: Why the king of the mall is betting on Westfield
Westfield’s shareholders voted in favour of Unibail-Rodamco’s acquisition of the shopping centre owner this morning. The latter’s boss Christophe Cuvillier reveals why he is making an £18.4bn bet on physical retail.
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News
Shop Direct falls into the red as cost of PPI bites
Very and Littlewoods owner Shop Direct swung to a loss in its third-quarter after it booked £100m to pay PPI claims.
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News
Topshop swings to full-year loss as sales suffer
Arcadia-owned Topshop has swung to a full-year loss following a sharp drop in sales and impairment charges on its property.
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Opinion
Why online advertising must match your inventory
A frictionless path to purchase online relies on retailers having a true view of stock within commerce solutions.
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Analysis
Marks & Spencer: Has anything really changed?
Marks & Spencer revealed another year of flat sales and depleted profits this morning, which it intends to address through a nine-point transformation plan.
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News
M&S calls for new retail property model
Marks & Spencer chief executive Steve Rowe has added his voice to the chorus of concern over retail’s property cost crisis.
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News
Homebase on brink of sale to Hilco or Alteri
Homebase, owned by Australian giant Wesfarmers, is believed to be on the brink of a sale as restructuring firms Hilco, Alteri and Endless table final bids.
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Opinion
Nick Bubb: M&S Food – feeling bloated?
Long suffering Marks and Spencer shareholders may have thought that the Food business could be relied on to deliver the goods, while management got on with the never-ending task of turning around the Clothing business, but now the Food operation is under pressure as well.
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Cartoon
Retail cartoon: Mothercare boss back holding the baby
Retail Week cartoonist Patrick Blower’s take on Mothercare rehiring ousted chief executive Mark Newton-Jones after revealing massive pre-tax losses
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Opinion
Opinion: Could M&S be on Amazon's wish list?
Amazon has been linked with a raft of UK grocers since its acquisition of Whole Foods last year – talk that has increased in fervency following the shock Sainsbury’s-Asda merger.
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News
M&S profits plunge as store closures hit bottom line
Marks & Spencer has recorded a slump in its full-year profits despite sales edging up due to costs associated with its store closure programme.
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Opinion
Opinion: Ocado-Kroger is testament to UK tech talent
Ocado’s landmark deal with Kroger is testament to the vision of founder Tim Steiner and welcome evidence of the UK’s ability to create world-class digital businesses.
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Analysis
Analysis: Can Shearwood put Clarks on the front foot?
Clarks posted a dip in full-year profits and sales this morning in its first full year under boss Mike Shearwood.
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News
Tesco to shut down non-food website Tesco Direct
Tesco is axing its standalone clothing and general merchandise website after concluding there was “no route to profitability” for the business.
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News
Holland & Barrett poaches Wilko director Houghton
Holland & Barrett has snapped up Wilko retail director Anthony Houghton to bolster its bricks-and-mortar expansion plans, Retail Week can reveal.
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News
Wyevale owner Terra Firma hoists For Sale sign
Private equity firm Terra Firma Capital has put Wyevale Garden Centres up for sale, Retail Week can reveal.