Retail news
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HMV Group steady after "difficult" summer
- Posted:
- 09 September 2010 09:48
HMV Group has said that trading in the first quarter was "difficult", especially in the UK and Ireland, where the World Cup disrupted the pipeline for new entertainment products, and the games market continued to be weak. However, the group said that it had used the slow summer to progress ...read more
HMV to sell "street fashion"
- Posted:
- 27 August 2010 10:09
Retailer HMV is to begin selling clothes in a bid to tap into the growing crossover between music and fashion, it announced today.HMV's 38 largest stores will carry fashion lines affiliated with music from next month, including Lee Jeans and Boxfresh.The flagship store on London's Oxford Street will also carry ...read more
City banker Swannell named as new M&S chairman
- Posted:
- 24 August 2010 09:32
Marks & Spencer ended months of speculation over its succession plans today when it named City banker Robert Swannell as its next chairman.Mr Swannell, who was a lead adviser to M&S in its defence against retail tycoon Sir Philip Green's takeover bid in 2004, will succeed Sir Stuart Rose on ...read more
HMV hails strategy success as profits rise
- Posted:
- 30 June 2010 09:28
Retailer HMV today said its "three pillar" strategy of new products, live music and reviving the Waterstone's book chain was showing early signs of success after an 18% rise in profits.HMV stores are now pushing into fashion, mobile phones and Blu-ray discs, while its joint venture with festivals and gig ...read more
Waterstone’s sees surprise boost
- Posted:
- 29 April 2010 09:19
Turnaround plans at bookshop chain Waterstone's have received an early boost after figures today showed an improvement in recent sales trends. The retailer suffered a disappointing Christmas season but with new leadership and a plan to increase non-book sales it has slowed the decline in like-for-like revenues to 4.8% in the ...read more
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