Retail news
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Retail dragon questions Portas’ credentials
- Posted:
- 03 February 2012 11:24
It has been reported that retail entrepreneur and co-star of BBC's Dragons' Den Theo Paphitis has called into question whether fellow retail celebrity Mary Portas has the right credentials to save Britain's high streets.The self-styled 'Queen of Shops' was called in to help develop more prosperous and diverse high streets ...read more
M&S launches new TV app
- Posted:
- 03 February 2012 11:18
Marks & Spencer has announced that it has agreed a deal with Samsung to launch an app on the electronics manufacturer's Smart TV. Samsung has been one of the first to bring the sort of apps found on smart phones or tablet computers to a television and M&S will be ...read more
Game thrown a lifeline
- Posted:
- 03 February 2012 11:17
Lenders to computer software retailer Game have thrown the embattled retailer a lifeline, having agreed to revise its banking facilities; however the agreement could well see a scaling-back of its operations and the possible sale of its international business.Game experienced a poor Christmas, with competition from online operators, the consumer ...read more
Comet deal could complete today
- Posted:
- 03 February 2012 11:15
After protracted negotiations with suppliers, the deal to sell Comet to turnaround specialists OpCapita could well be wrapped up today. The now infamous £2 sale of the 248-store firm by Kesa Electricals has proven a far from easy needle to thread, despite Kesa's pledge to invest £50 million into the ...read more
Argos appoints new boss
- Posted:
- 02 February 2012 09:48
American businessman John Walden, who has held senior positions at BestBuy and department store Sears has taken on the task of reviving catalogue chain Argos.Mr Walden, whose retail career began in the 1990s when he was chief operating officer at internet grocery operation Peapod, will bring a "valuable, fresh perspective" ...read more
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