Retail news
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Nightclub firm in cost-cutting drive
- Posted:
- 12 March 2010 09:49
Nightclub operator Luminar, which owns the Oceana, Liquid and Lava & Ignite chains, has launched a major cost-cutting initiative after comparable sales dropped 9.9% in the year to February 25th.The group said that the recent wintry weather put off clubbers from venturing out, prompting the company to launch a "rigorous" ...read more
George boss heading for Fat Face
- Posted:
- 22 January 2010 09:52
The managing director of George at Asda, Anthony Thompson, has quit the supermarket to join Fat Face, prompting speculation that the niche retailer will float on the stock market or possibly put itself up for sale.Mr Thompson joined George from M&S, which he quit three years ago, having fallen out ...read more
Waterstone’s chief exits after "unsatisfactory" Christmas
- Posted:
- 14 January 2010 10:46
The managing director of HMV Group's Waterstone's chain, Gerry Johnson, left the company today following an "unsatisfactory" performance at the brand.In a Christmas trading update covering the five weeks ending January 2nd, Waterstone's saw total sales fall 8.6%, reflecting a like-for-like sales decline of 8.5%. This was a stark contrast ...read more
HMV sees strong UK sales, although Waterstone’s still struggles
- Posted:
- 11 December 2009 09:34
HMV's UK and Ireland division has offset weaker trading at its international and bookstore divisions, the firm said today, although it is anticipated that the collapse of rival Borders should benefit Waterstone's in the medium and long term. In the 26 weeks ended October 24th, total sales at the company ...read more
HMV appoints former Amazon executive as head of online
- Posted:
- 10 December 2009 09:59
Former Amazon executive Sarah Hughes is joining HMV as head of online. Ms Hughes will head a 15-strong team within the HMV marketing department and will report to marketing director Graham Sim.Ms Hughes joins from Amazon where she has worked in the media department for the past five years.Online sales ...read more
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