Retail news
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Comet owner considers "strategic alternatives"
- Posted:
- 22 June 2011 10:15
The owner of Comet signalled further upheaval on the high street today after admitting it was examining its options for the loss-making chain.Kesa Electricals is working on a plan to revive Comet's fortunes but at the same time said it is considering its "strategic alternatives", which it is thought could ...read more
BrightHouse to create new jobs
- Posted:
- 15 June 2011 10:02
Rent-to-buy retailer BrightHouse is to create 2,000 jobs over the next five years as it accelerates its store opening programme. Private equity owner Vision Capital is increasing its new stores from 21 to 30 a year, with additional jobs expected at new distribution centres.Speaking to The Times, chief executive Leo ...read more
Carphone conundrum over Best Buy
- Posted:
- 14 June 2011 10:03
Retailer Carphone Warehouse today said it was considering options for its consumer electronics arm amid widening losses for the new venture.Best Buy UK, which operates 10 so-called Big Box stores, reported an underlying loss of £62 million, compared to £21 million the previous year.The business, which launched its first store ...read more
HRG hit by slump
- Posted:
- 09 June 2011 09:29
The owner of Argos said conditions on the high street were worse than it expected after it posted a further sharp slump in sales today.Home Retail Group, which also owns Homebase, highlighted a significant decline in the consumer electronics market as like-for-like sales at Argos dived by 9.6% in the ...read more
PM enlists retailers to act against "pornification" of children
- Posted:
- 06 June 2011 09:49
David Cameron has said he will summon retailers, along with advertisers, broadcasters, magazine editors, video games and music industry chiefs and regulators for a summit in October to discuss progress in a campaign against what campaigners have dubbed the "pornification" of children. The measure is among the recommendations of a ...read more
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