Bouyant Christmas sales have prompted value fashion giant, Primark, to consider acquisition of London’s two best known stores from entertainment retailer Zavvi. Read the rest of this entry »
Allied Carpets, second biggest floor-covering retailer in the UK, has opened dialogue with restructuring specialist Hilco over the sale of its loss making chain.
Private equity business of Hilco is considering a proposal for buying entire shareholding of 218-store chain which has been put up for sale by the French owner of Allied Carpets. Read the rest of this entry »
Supermarket chain, Sainsbury’s, had its best-ever Christmas this year and claimed that 22.6 million customers visited its stores in the last week before Christmas. The 23rd December was the busiest ever day of trading in the history of Sainsbury’s. Read the rest of this entry »
It is now the turn of high street giant Marks & Spencer to look towards closure of some stores and axing of 1,230 jobs after registering their worst sales figures in a decade. Read the rest of this entry »
It was another day of gloom for high street retailers with collapse of Waterford, a historic china and crystal maker, threatening loss of 2,700 jobs across the UK and Ireland. Read the rest of this entry »
The UK’s struggling retail sector offered glimmer of hope after high street hitters registered increase in sales during Christmas festivities. Read the rest of this entry »
More than 400 retailers are likely to go into insolvencies over next four months, predicts Experian, causing further upheaval in the UK’s economy. In spite of the heavy rush of Christmas shoppers in the last week, retail footfall tumbled in December. Read the rest of this entry »
The New Year brought cheers at John Lewis which reported a significant rise in its takings during the Christmas week. Read the rest of this entry »
Asda’s chief executive Andy Bond has criticised retail rivals Tesco, Marks & Spencer and Debenhams for their massive pre-Christmas discounting. Read the rest of this entry »
Electrical goods chain Comet suffered a heavy loss of £8.1m in the first half of the current financial year.
Comet had registered very impressive performance last year, making £10.6m profit. This year its like-for-like sales also slumped by 11.6% in the six months ending October 31. The group owner, Kesa Electricals, described company’s condition as very difficult. Read the rest of this entry »