Retail news
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HMV looks to suppliers for lifeline
- Posted:
- 11 April 2011 10:14
Embattled entertainment retailer HMV is asking some of its major suppliers to cut some of their upfront charges to help its ongoing battle for survival. According to a report in the Sunday Times four major music groups - Sony, EMI, Universal and Warner Music - are considering offering their products ...read more
M&S posts overall growth despite slowing sales
- Posted:
- 06 April 2011 09:39
Retail giant Marks & Spencer today posted a slowdown in sales in the first three months of the year but surprised the City with unexpected overall growth.The retailer said big-impact promotions saw growth in food sales offset a decline in general merchandise, such as clothing, as UK like-for-like sales in ...read more
HMV wins more time in fight for survival
- Posted:
- 05 April 2011 09:32
Embattled retailer HMV Group said today that it had secured more time in its battle for survival, despite issuing a third profits warning this year.The company, which owns 731 HMV, Waterstone's and Fopp stores, said its banks had agreed to put back financial tests from the end of April to ...read more
HMV mulls Waterstone’s sell-off
- Posted:
- 21 March 2011 10:12
Struggling retailer HMV could put its book store chain Waterstone's up for sale as part of turnaround plans to be revealed to its banks this week, it has been reported.HMV Group, which also owns the music and entertainment chain, is considering the sale after being told by lenders that it ...read more
HMV issues profits warning
- Posted:
- 01 March 2011 09:48
Embattled retailer HMV revealed further trading woes today as it warned it would miss profit targets for the second time this year.The music and books retailer also admitted it was set to breach certain terms of its bank loan and had opened talks with lenders in the hope of amending ...read more
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