Retail news
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Losses widen at Austin Reed
- Posted:
- 25 October 2011 09:37
Austin Reed reported a sales rise of 3% to £121 million for the year to the end of January but pre-tax losses increased. The company posted a £2 million pre-tax loss compared to the £1.3 million loss seen in the previous year, blaming "onerous lease provisions".In the company's latest accounts ...read more
Retail Trust "Search for a Star" auditions begin
- Posted:
- 05 November 2009 09:48
Retail Trust held its first live "Search for a Star" auditions last weekend at Xscape Milton Keynes and Brighton Marina.The Retail Trust Search For A Star is a campaign to find the most popular acts in retail, looking for singers, dancers, comedians and other variety acts.On Saturday 31st October celebrity ...read more
Town centre vacancies soar
- Posted:
- 31 July 2009 09:33
The mid-year report from the Local Data Company has revealed that town centre vacancy rates rose from just over 4% in mid-2008 to nearly 12% at the end of June this year.The retail data company said that the damage was spread across the country, affecting all levels of the retail ...read more
Austin Reed buys Viyella out of administration
- Posted:
- 09 February 2009 09:28
Clothing retailer Austin Reed has agreed to rescue collapsed womenswear chain Viyella out of administration. The move is expected to safeguard approximately 230 jobs. The firm went into administration in early January, when it had approximately 450 employees and over 100 outlets. Approximately 21 stand-alone stores and 16 concessions are ...read more
Austin Reed chief to lead buyout?
- Posted:
- 22 July 2008 09:10
Austin Reed's chief executive Nick Hollingworth could lead a management buyout if the retailer is put up for sale by its struggling owner, Dawnay Day. Austin Reed is not part of the Dawnay Day property group, which is reviewing its assets, but its founders (Guy Naggar and Peter Klimt) have ...read more
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