All articles by Tim Danaher – Page 34
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NewsTesco posts record profits of £3.1bn
Tesco’s underlying pre-tax profits passed the £3bn mark for the first time in the year to the end of February, totalling £3.1bn, an increase of 8.8 per cent.
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OpinionBanks start living in the real world
The attitude of those in whose hands the future of struggling retailers rests seems to have changed
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News
Woolworths South Africa attuned to social change
It may have disappeared from the high street here, but elsewhere the Woolworths name is alive and well. In South Africa, under Englishman Andrew Jennings, it is a 400-store business that bears similarities to Marks & Spencer.
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OpinionA new Retail Week for a new retail world
A lot has changed in retail since November 2004, but not the look of Retail Week, which has remained largely the same. So in the same way that any good retail brand needs to evolve, today Retail Week gets its very own new look.
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OpinionJohn Lewis is keeping its head
Which is harder – being a department store best known for its ranges in the execrable home market, or a grocer selling premium food to the middle classes, with a reputation for prices to match?
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News
Waitrose launches value range
Upmarket grocer Waitrose today launched its first value range, Essential Waitrose, as predicted in today's Retail Week.
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Alistair Darling: no climbdown on April business rates hike
Chancellor Alistair Darling has refused to back down over the 5 per cent increase in business rates that is due to hit next month, but left the door open for future changes to make the system fairer after the 2010 revaluation.
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Mosaic set for pre-pack administration on Monday
Mosaic Fashions is due to enter a pre-pack administration process on Monday.
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Opinion
A new lease of life for Bhs?
Sir Philip Green’s decision to merge Bhs into Arcadia didn’t grab many headlines this week. Strange really, because while no money might have changed hands this could turn out to be one of the most significant retail tie-ups of the year.
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Bhs joins Arcadia as Sir Philip Green consolidates
Sir Philip Green is to make Bhs part of his Arcadia Group and operate the department store business as one of its brands.
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Opinion
A whirlwind 21 years of Retail Week
Retailers campaigning against rises in business rates, worries about growing consumer debt, Sainsbury’s being praised for its advertising, Marks & Spencer boldly expanding abroad. They could all be this week’s news, but in fact all are stories from the very first issue of Retail Week, published 21 years and one ...
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News
John Shannon rescues Adams
Former owner John Shannon has bought back the Adams childrenswear brand and the 120 remaining stores.
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Little cause for celebration
After all the hype at Christmas, few retailers would have got too hopeful about a January of positive like-for-likes. So this week’s BRC figures showing a 1.1 per cent rise in same-store sales on last year and a return to overall sales growth, should be welcomed as a sign of ...
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Opinion
Is the Government Backing UK Retail?
You hopefully won’t have been able to avoid noticing Retail Week’s Backing UK Retail campaign, which we’ve been running across the magazine and website throughout January. Events this week show exactly why the campaign is needed.
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Opinion
VAT cut is not optional
It’s been a good week to bury bad news. So retailers ought to be grateful that on the day Barack Obama was inaugurated, a curious statistic was tucked away at the back of the ONS’s inflation report.
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News
Morrisons enjoys strong Christmas
Morrisons has unveiled a market-beating Christmas sales performance, with like-for-like sales up 8.2 per cent excluding fuel in the six weeks to January 4.
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Opinion
Pre-pack abuse needs to end
Retailers face many injustices, some real, others perceived. But they don’t come much bigger than this. One of your biggest rivals – which has been in administration and then bought out – has a store on a major high street. And you’re paying their rent.
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Mothercare reveals solid Christmas performance
Mothercare has revealed a solid Christmas performance, with third quarter UK like-for-like sales up 1.1 per cent and further very strong international growth.
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Carphone enjoys UK sales growth but margins suffer
Carphone Warehouse's retail arm Best Buy Europe has reported an 8.3 per cent increase in UK like-for-like sales in the 13 weeks to December 27.