Retail news
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Half of Game stores to close
- Posted:
- 27 March 2012 10:06
Almost half the Game stores in the UK are to be closed this week, administrators said today, triggering 2,104 job losses.Administrators at PwC said 277 stores in the UK and Ireland are to shut but the remaining 333 stores, which employ 2,814 staff, will continue to trade whilst the search ...read more
Sainsbury’s sees convenience store growth
- Posted:
- 21 March 2012 10:52
Supermarket chain Sainsbury's continues to put pressure on its rival Tesco, after revealing this morning that growth in convenience shopping and its own ranges helped it deliver better-than-expected sales.The UK's third largest supermarket chain, which has more than 1,000 stores, said like-for-like sales excluding fuel rose 2.6% in the 10 ...read more
Debenhams sees "encouraging" start to 2012 trading
- Posted:
- 20 March 2012 09:53
The success of its January sale and popularity of spring ranges has helped Debenhams make a "resilient" start to 2012.Like-for-like sales at the department store chain, which runs 170 stores in the UK, Ireland and Denmark, increased 2.4% in the eight weeks to March 3rd - significantly better than the ...read more
Game close to collapse
- Posted:
- 12 March 2012 10:12
Game Group admitted today that it is close to collapse after several suppliers refused to provide it with new products and has confirmed that the options in its battle for survival included the sale of its UK business, which has 600 stores and employs 10,000 people.It is also seeking alternative ...read more
Pawnbroker chain set for expansion
- Posted:
- 09 March 2012 10:58
H&T Group, which owns more than 200 pawnbrokers across the UK including 54 Gold Bar outlets at UK shopping centres, is set to expand its portfolio despite a slight profit dip towards the end of last year.The average price of gold up 23.7% in 2011 the group said, although this ...read more
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