Retail news
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Kesa sells Comet for £2
- Posted:
- 09 November 2011 12:43
Electricals group Kesa has announced that it has agreed to sell of its embattled UK chain Comet for just £2 to a group of private equity backed companies under the name Hailey Holdings Ltd and Hailey Acquisitions Limited.As part of the agreement Kesa committed to invest £50 million into the ...read more
Carphone pulls plug on Best Buy ‘big box’ stores
- Posted:
- 07 November 2011 12:40
As part of a series of strategic initiatives and trading results announced today Carphone Warehouse (CPW) has said it intends to close its 11 'big box' Best Buy stores, leaving more than 1,000 employees with an uncertain future. The closures are to be made by the end of the calendar ...read more
ASOS braced for Christmas battle
- Posted:
- 03 November 2011 10:27
Online fashion retailer ASOS today warned the run-up to Christmas would be challenging in the UK as retailers slash prices.The company, which targets 16 to 34-year-olds with clothes based on outfits first worn by celebrities, said UK retail sales increased 8% to £88.6 million in the six months to September ...read more
Waitrose to invest £1bn in northern push
- Posted:
- 05 October 2011 15:22
Waitrose is to invest £1 billion over the next three years by opening 100 new stores and creating 10,000 jobs, it was announced today.Mark Price, Managing Director of the grocer, announced the move yesterday in a speech to Prime Minister David Cameron at the Conservative Party Conference in Manchester.Around 3,000 ...read more
New Gordon Ramsay restaurant opens in One New Change
- Posted:
- 26 September 2011 10:22
Gordon Ramsay's new restaurant opens today at City shopping centre One New Change. Bread Street Kitchen, a "lively and exciting new restaurant and bar" is set in a large warehouse-style room drawing "inspiration from the East London aesthetic surrounding it".The restaurant offers an informal concept, where guests can meet, eat ...read more
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