Retail news
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"Phones 4u at Currys" gets 50-store roll-out
- Posted:
- 27 July 2010 10:11
It has been announced that mobile phone retailer Phones 4u has struck a deal with electricals group DSGi to open branded outlets in 50 of its Currys stores plus a number of PC World outlets. The roll-out comes following a successful trial of the concept in five megastores across the ...read more
Remarkable turnaround at Aurora
- Posted:
- 26 July 2010 11:06
Aurora Fashions, owner of Oasis, Coast, Karen Millen and Warehouse, has reported impressive operating profits just one year after it acquired the fashion brands amid the chaos and collapse of Mosaic and its Icelandic backer Baugur.In the 11 months to January 30th, Aurora turned in operating profits of £22.6 million ...read more
Ocado cuts share price range ahead of flotation
- Posted:
- 21 July 2010 09:45
Online grocery retailer Ocado has slashed the price range for its stock market debut amid concerns over its valuation.The group had aimed for shares to fetch between 200p and 275p each, but revealed the revised price would now be 180p to 200p.Its new range would see the firm's valuation come ...read more
Ocado floatation on track
- Posted:
- 19 July 2010 09:20
Online grocery retailer Ocado looks set to succeed with its stock market listing but at the lower end of its valuation, it was reported today.The group is thought to have been struggling to win investor backing after a leading retail analyst said it was worth less than half its £1 ...read more
Best laid plans of Best Buy thrown into chaos as UK boss departs
- Posted:
- 09 July 2010 09:57
Best Buy's plans to storm the UK electricals market have taken a hit with the unexpected departure of its UK chief executive Paul Antoniadis just three months after launching in this country. In a joint venture with British firm Carphone Warehouse, Best Buy had planned to open up to 80 ...read more
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