Retail news
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Pressures remain on Mothercare
- Posted:
- 14 July 2011 09:43
Mothercare delivered more downbeat UK trading figures today as the chain begins the task of slashing the size of its high street estate.The group said UK like-for-like sales were down 4.3% in the 15 weeks to July 9, despite the same period a year earlier showing a decline of 4.1%.Chairman ...read more
Brighthouse sees boost despite high street gloom
- Posted:
- 05 July 2011 09:41
Watford-based Brighthouse, the UK's largest rent-to-own retailer, is to press on with expansion plans despite the gloom afflicting other parts of the high street.The group, which currently has 228 stores, will open another thirty this year as part of a long-term aim for a chain of 650 outlets across the ...read more
Thorntons to close 180 stores
- Posted:
- 28 June 2011 09:36
Chocolate retailer Thorntons dealt a further blow to the high street today by announcing plans to close up to 180 stores.The group said it will exit at least 120 outlets over the next three years as their leases expire, while it will also consider the future of an additional 60 ...read more
Jane Norman faces administration
- Posted:
- 27 June 2011 09:56
The high street is braced for more upheaval amid uncertainty over the future of fashion chain Jane Norman. The business, which caters for 15- to 25-year-olds, is reported to be facing administration unless it can secure a buyer in the next few days.If it fails to pull through, the Independent ...read more
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
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