Retail news
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Walker’s team in box-seat to buy back Iceland
- Posted:
- 16 February 2012 11:58
It was announced late last night that the management of Iceland, led by its founder and chief executive Malcolm Walker, has signed an agreement with the liquidators of Landsbanki Islands hf and Glitnir hf that gives them the opportunity to buy the company, ahead of any other possible bids.Malcolm Walker ...read more
Aurum glitters in the gloom
- Posted:
- 13 February 2012 10:24
Aurum Holdings, which owns jewellery chains Goldsmiths and Mappin & Webb, has announced an impressive 53% rise in profits.The group indicated that the launch of exclusive brands such as Biba and Canadian Ice had bolstered the performance at Goldsmiths, while the launch of a transactional website had benefited its Watches ...read more
Tesco sees first market share dip in seven years
- Posted:
- 01 February 2012 09:57
Tesco has seen its share of the grocery market dip below 30% for the first time in nearly seven years as it struggled to compete with low-cost rivals in the sector, figures showed today.Tesco's drop in market share, to its lowest level since May 2005, came as Sainsbury's took its ...read more
Walker battles for Iceland ownership
- Posted:
- 30 January 2012 10:07
IIceland retail boss Malcolm Walker was today facing a battle to buy the chain he founded over 40 years ago.With Morrisons and Asda now unlikely to bid, Mr Walker remains in the £1 billion auction alongside two private equity firms BC Partners and Bain Capital, according to reports.Mr Walker, who ...read more
100 ex-Woolies stores still empty
- Posted:
- 19 January 2012 10:10
Over 100 stores that once belonged to collapsed high street retailer Woolworths are yet to find tenants three years after its collapse, it emerged today.Some 13% of the 807 former Woolies stores are empty, compared with 30% a year ago, according to a report by The Local Data Company.Discounters (29%) ...read more
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