Retail news
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Chip & PIN supplier suspends shares over £23 million extra debt
- Posted:
- 26 January 2007 09:12
Torex Retail, a leading supplier of electronic retail solutions, has suspended its shares on the London Stock Exchange after announcing that its outturn for the 2006 financial year is likely to be significantly below market expectations. The company, which provides retailers with EPoS, Chip & PIN, mobile, back office and ...read more
Mixed fortunes for Home Retail Group
- Posted:
- 17 January 2007 09:52
Home Retail Group, which includes Argos and Homebase, has experienced a mixed Christmas period after battening down its promotional hatches for an anticipated long period of tough market conditions. The group saw a rise in sales at Argos, despite the market becoming more difficult, according to CEO Terry Duddy. However, ...read more
MBO at Red Letter Days rival
- Posted:
- 13 December 2006 09:44
Activity Superstore, a retailer of gift experiences announced a management buyout earlier this week. Activity Superstore will be owned by new parent group Days of Your Life Ltd, which is headed by CEO Shaun Powell, previously MD of Thompson Holidays, existing MD Vicky Ling and a new finance director Stuart ...read more
Argos takes pole position in furniture market
- Posted:
- 13 December 2006 09:40
It has been reported that Argos is expected to overtake embattled retailer MFI in terms of its share of the furniture market. MFI, now called Galiform plc after its £1 acquisition by Merchant Equity Partners earlier this year, had led the sector for the last 20 years but looks likely ...read more
Farepak fund’s last day
- Posted:
- 29 November 2006 09:36
The Farepak response fund, established to compensate the victims of the company’s collapse, will close tonight. Donations from MPs, banks, individuals and retailers have so far only managed to reach approximately 10% of the £50 million that was lost. Retailers who have contributed so far include Asda, Argos, Arcadia, B&Q, ...read more
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