Retail news
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Kingfisher turnaround plan sees profits double
- Posted:
- 22 March 2012 10:09
B&Q owner Kingfisher has seen success bred of its four-year turnaround strategy today, after seeing profits more than double to £807 million over the period. The group, which also owns Screwfix and Castorama along with Brico Depot in France, said it was now "significantly stronger with an improved customer offer". Its ...read more
Next weathers "perfect storm"
- Posted:
- 22 March 2012 10:09
The chief executive of Next said today that his chain had ridden out the "perfect economic storm" after £1 billion of online and catalogue sales boosted profits by 5%. The fashion and homewares chain, which has 536 stores, saw pre-tax profits reach £570.3 million in the year to January 31st, ahead ...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
Sunday opening plans hit by controversy
- Posted:
- 19 March 2012 10:30
George Osborne has defended his plan to lift Sunday trading restrictions this summer as angry union bosses prepared for urgent talks with ministers about the move.Emergency legislation will be proposed by the Chancellor in Wednesday's Budget to allow supermarkets and other big stores to open all day during the London ...read more
Game Group looks to raise £180 million for rescue package
- Posted:
- 19 March 2012 10:29
Struggling retailer Game Group has a week to raise £180 million or face collapsing into administration, putting 10,000 jobs at risk, according to reports over the weekend.The Sunday Times report came after a torrid period of trading and considerable unrest at the retailer. The group, which has 1,300 stores worldwide ...read more
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