The founder of Cinema chain Cineworld, Stephen Wiener, is to leave the business in March after 18 years in order to enjoy the “fruits of his success”.The move follows a merger between Cineworld and Global City Holdings N.V. (formerly Cinema City International)Mr Wiener will be replaced by Moshe (Mooky) Greidinger,...
Landlords of Game Group have won a “landmark case” against the retailer which states that it must pay £3 million in back rent which built up before it went into administration two years ago.The Court of Appeal judges said that the rent should be counted as administration expenses. ...
The Association of Convenience Stores Crime Report has shown in its latest research that shop theft increased by 4% in 2013, with more than half of all retailers experiencing some form of verbal or physical abuse.Figures from the report, which launched this week, indicate that an estimated £44 million was...
The bakery giant Greggs has said that its new strategy has made a positive impact, despite a fall in like-for-like sales and profits dipping by 0.8% in 2013.Total sales rose by 3.8% to £768.2 million, whereas pre-tax profits had fallen by 36.7% to £33.2 million. When exceptional costs of millions...
The Co-operative Group has revealed it is to sell off its farmland in Leicestershire as part of a plan to “refocus” and “explore options” for the national business.Its farms in the Stoughton Estate make up nearly a fifth of the group’s total 50,000-acre agricultural holding in England and Scotland.The sale...
The former online director of Morrisons who left his role with the supermarket after just a few weeks, George Dymond, has joined Tesco as an operations development director.Mr Dymond, who was previously group general manager of merchandise at Australian supermarket Coles and trading director at Carphone Warehouse, quit his Morrisons...
Former Marketing Director at Tesco Ian Crook has joined DIY retailer and building supply merchant Wickes.Mr Crook said: “I am excited to have joined Wickes and to be spearheading the marketing strategy for a forward-thinking, dynamic organisation… and I look forward to differentiating our brand and our customer strategy as...
Fashion retailer Internacionale is set to go into administration within the next few weeks, risking the loss of 1,500 jobs unless a buyer is found according to reports.The chain currently operates 97 stores across the UK but is thought to be losing up to £10 million a year.Half of the...
Retail sales grew strongly in the year to February, beating expectations and at the fastest pace since June 2012, according to the CBI’s latest quarterly Distributive Trades Survey.The survey of 120 firms showed that sales have grown for the ninth consecutive month, while retailers’ investment intentions for the year ahead...
MtGox, one of the biggest exchanges of the virtual currency Bitcoin, has gone offline following technical issues, in a setback for supporters of the scheme.The exchange has not issued any statement giving the reasons for going offline, but there have been reports that the exchange had become "insolvent" after losing...
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