Retail news
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Wedding business Confetti in administration
- Posted:
- 19 August 2010 09:33
Retail and online weddings firm Confetti has collapsed into administration with the loss of 94 jobs. The company was sold only four days ago to The Hut Group, which also acquired online business iwantoneofthose.com.The firm's collapse leaves some 1,100 outstanding orders in jeopardy.Founded in 1999, Confetti now has turnover of ...read more
Ambitious Poundland to create up to 2,000 jobs
- Posted:
- 19 August 2010 09:32
Having released an impressive set of annual trading figures, discount retailer Poundland has announced its intentions to open more and bigger stores to meet demand from increasingly cash-strapped British shoppers. The initiative could create as many as 2,000 new jobs across the country.In the year to March 28th the retailer ...read more
Former M&S India boss to join rival Hypercity
- Posted:
- 18 August 2010 10:34
Mark Ashman, who was instrumental in establishing M&S's Indian joint venture with Reliance Retail, is to join Hypercity as chief executive. Hypercity is an Indian chain that signed an exclusive supply agreement with Waitrose in 2006 to stock its products.Marks & Spencer operates 18 stores across India and plans to ...read more
Habitat pursues European expansion
- Posted:
- 18 August 2010 10:32
Iconic homeware retailer Habitat has announced the continued roll-out of its stores across continental Europe. Having opened a 25,000 sq ft store in Bilbao, Spain, last month, the company has confirmed that it has plans for news stores in France.Habitat's opens its latest store in Bilbao, Spain and confirms plans ...read more
Growing debts threaten future of American Apparel
- Posted:
- 18 August 2010 10:31
There are genuine fears today that the future of US fashion chain American Apparel may be in jeopardy due to mounting debts and losses.The retailer, which operates 280 stores - 14 of which are in the UK - announced that its debts had risen to $120.3 million (£77.2 million), with ...read more
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