Retail news
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Jobs fear as Focus DIY closes 120 stores
- Posted:
- 25 May 2011 09:51
Crewe-based DIY chain Focus is to close 120 stores putting thousands of jobs at risk, sources said.The private equity-owned firm, which ran 175 stores and employed 3,920 staff, fell into administration earlier this month.More than 50 of the stores have been sold off but the remaining Focus shops will shut ...read more
Focus DIY in administration
- Posted:
- 05 May 2011 09:50
Nearly 4,000 staff at Focus DIY faced an uncertain future today after the struggling retail chain said it plans to put itself into administration.The private equity-owned firm has asked Ernst & Young to act as administrator, saying it had no alternative after it defaulted on a credit facility.Focus, which has ...read more
Travis Perkins wary despite strong start
- Posted:
- 24 February 2011 09:55
Travis Perkins has reported a jump in annual profits but admitted that activity in its core market remained 20% below its 2008 peak. The builders' merchant, which operates more than 600 branches, said it expected a continuation of the gradual recovery in its merchanting division while demand at its Wickes ...read more
Blacks Leisure boosted by cold snap Outdoor retailer
- Posted:
- 04 January 2011 09:28
Blacks Leisure today said the recent Arctic weather conditions boosted its turnaround plans as consumers snapped up jackets, scarves and hats.The cold snap helped increase like-for-like sales in its outdoor business by 10.2% in the key trading period of December, despite a strong set of comparative figures the previous year.The ...read more
Wickes lifted as customers rush to beat VAT rise
- Posted:
- 15 December 2010 09:20
The owner of DIY chain Wickes today hailed improving sales in recent weeks as shoppers rushed to beat January's increase in VAT.Travis Perkins said like-for-sales per trading day at Wickes were up 4.2% in the eight weeks to November 27, compared with a 0.1% decrease in the first nine months ...read more
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