Thomas Whittaker
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Argos celebrates 35th birthday with biggest catalogue to date
Argos will launch its new catalogue tomorrow, which will carry 700 more products than a year ago.
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Retail faces meltdown within 10 years
Rising costs and depressed demand could lead to a retail meltdown within 10 years, warns research consultancy Verdict.
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Store of the week Folli Follie, London
Most retailers choosing to open a Regent Street store will relate to how hard it is to establish a distinctive character for a shop while observing landlord Crown Estate’s listed-building parameters. However, accessory and jewellery retailer Folli Follie has achieved this with its 800sq ft shop that opened on the ...
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Delhaize warns on profits as hard discounters steal share
International grocery chain Delhaize has warned profits will fall short of expectations as the consumer downturn bites.
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PPR like-for-likes climb
French luxury group PPR, which owns retailers including Fnac and Gucci, reported sales up 5.1 per cent sales to €4.68 billion in its second quarter.
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M&S hails bag charging scheme a success
Marks & Spencer’s controversial 5p food carrier bag charge has resulted in an 80 per cent drop in the number of bags used since the scheme’s introduction in May.
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Discount grocers pull in record share
Discount retailers account for 5.9 per cent of grocery spend in the UK – their highest figure reported to date – and are the fastest-growing sector of the market.
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Matthew Williamson to make US debut
Fashion retailer Matthew Williamson will open a flagship store in New York early next year.
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Retailers hit the critical list
The retail sector is under increasing pressure from the credit crunch, with a 335 per cent increase in companies in severe difficulty compared with last year.
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Central London outperforms rest of UK
Retail sales in central London have continued to outpace the UK as a whole.
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Families’ disposable income still shrinking
The average family is £9 a week worse off compared with June last year, Asda’s income tracker has found.
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Tesco to build straw-powered energy plant
Tesco has been given the go ahead to build Britain’s first straw-powered, combined heat and power plant.
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Fire closes West End stores
Several stores near Bond Street underground station on Oxford Street have been forced to close today, following a fire last night.
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Food prices drive inflation in June
Soaring food and fuel prices pushed the benchmark Consumer Prices Index up 3.8 per cent in June compared with 3.3 per cent in May – almost double the Bank of England’s inflation target.
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Jessops warns on profits
Camera specialist Jessops has warned that losses this year will be worse than last year, as tough trading conditions continue to bite.