Retail news
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Retail collapses free up £4 billion for survivors
- Posted:
- 26 May 2009 09:35
It has been reported that the collapse of high street retailers such as Woolworths, Zavvi and MFI has freed up £4 billion of business for other retailers.According to the Daily Mail, Marks & Spencer and Next will be most likely to benefit as closures in the clothing and footwear sector ...read more
HRG profits hit in "particularly difficult" year
- Posted:
- 29 April 2009 10:01
Home Retail Group has been hit by lower spending on home improvement throughout the UK, resulting in a reported loss before tax of £394 million compared with a profit of £426m last year. Group adjusted pre-tax profit stood at £327.7M versus £432.9 million a year earlier.In the year ended February ...read more
Tesco to increase share in telecoms market
- Posted:
- 20 April 2009 09:16
Tesco is reportedly planning to open 100 telecom centres in its stores over the next year, taking on Carphone Warehouse for dominance of the mobile phone market. According to reports in the Telegraph, Tesco is seeking to diversify into non-food areas such as telecoms and banking. Tesco already has 41 telecoms ...read more
Argos expands into online film and music sales
- Posted:
- 06 April 2009 09:34
Argos has launched an online entertainment shop with online retailer The Hut. The new site will sell 125,000 titles on CD and DVD and offer free delivery. The Hut Group already runs white label sites for large national retail partners, including Tesco and Asda. ...read more
Home Retail Group to cut further costs
- Posted:
- 12 March 2009 09:43
Home retail Group (HRG) has pledged to cut more costs as its Homebase chain continued to struggle. The company said that, following a fall in like-for-like sales of 10.2% at Homebase and a 1.6% drop at Argos, a number of "organisational changes" had been initiated. Actions taken include a streamlining ...read more
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