Retail news
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Peacocks rescue hopes raised
- Posted:
- 06 February 2012 10:01
Hopes were raised at collapsed chain Peacocks today, after it was reported that a Pakistani billionaire was working on a bid to rescue the fashion chain from administration.Peacocks, which has 563 stores and 48 concessions, along with parent company The Peacock Group, collapsed last month in the biggest retail failure ...read more
249 jobs go at Peacocks head office
- Posted:
- 20 January 2012 10:14
The administrators of Peacocks have made 249 head office staff redundant in the first job losses since the clothing retailer collapsed.KPMG said it would keep on the remaining 266 employees at the Cardiff offices and continue to run Peacocks' 563 stores and 48 concessions as it seeks a buyer for ...read more
Retail figures expected to show pre-Christmas boost
- Posted:
- 20 January 2012 10:12
A frenzy of pre-Christmas discounts helped retailers drum up more trade in December, official figures are expected to reveal today, but the beleaguered sector's woes are set to continue this year. The City predicts figures from the Office for National Statistics will show that retail sales were 0.7% higher than ...read more
Campaign begins to save Peacocks
- Posted:
- 19 January 2012 10:15
MPs, retailers and the general public have joined calls to business secretary Vince Cable to help save the Peacocks clothing chain and the 10,000 jobs that its potential collapse puts at risk. The company went into administration last night, with professional services firm KPMG saying that all Peacocks stores remain ...read more
Thorntons loses out in competition battle
- Posted:
- 12 January 2012 10:30
Chocolatier Thorntons battled tough competition in the run-up to Christmas as customers hunted for the best deals, resulting in slightly lower than expected like-for-like results. The group, which has 574 wholly-owned and franchise stores in the UK, said like-for-like sales fell by 4.2% in the 14 weeks to January 7th.Thorntons, ...read more
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