Retail news
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Carphone connections fall
- Posted:
- 24 January 2012 09:44
Carphone Warehouse has said that connections fell by over 16% at the end of 2011 after a slump in demand for pre-pay mobile phones.The retailer, which has 2,400 outlets across Europe, estimated the pre-pay market as a whole fell by as much as 40% in the UK during the quarter ...read more
Ocado Christmas sales boosted by own-labels
- Posted:
- 12 January 2012 10:33
Online grocer has said that Christmas trading was "encouraging", in a rare good-news story for retail sales in January. In the seven trading days to Christmas, gross sales were up 23.8% from 2010 at £18.7 million, with customer orders up 21.8% on 2010, boosted by an 88% rise in own-label ...read more
Supergroup sales soar
- Posted:
- 11 January 2012 10:16
The owner of the Superdry fashion label put previous stock issues behind it today as the retailer reported strong sales in the run up to Christmas. Shares in SuperGroup increased after it revealed like-for-like retail sales were ahead 5.8% in the nine weeks to January 1st and up 9.3% in ...read more
Blacks Leisure is sold to JD Sports
- Posted:
- 10 January 2012 09:59
Sportswear firm JD Sports Fashion has bought Blacks Leisure out of administration for £20 million.JD Sports bought the 290 stores, including both the Blacks and Millets names and the bulk of the rest of the business immediately after Blacks Leisure was put into administration.JD Sports, whose largest shareholder is Berghaus ...read more
Bidders circle as Blacks calls in administrators
- Posted:
- 06 January 2012 10:01
Stricken retailer Blacks Leisure confirmed today it will go into administration but said it still hopes most of the business will be salvaged by buyers.The company, which runs 98 Blacks outlets and 208 Millets stores and employs some 3,600 staff, admitted it has failed to find an outright buyer after ...read more
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