Debenhams to open 17 stores as sales pick up October 25, 2012 DEBENHAMS yesterday revealed it is to open 17 UK stores next year and announced its first Christmas campaign in six years as the department store group posted a 1.6 per cent rise in like-for-like sales. Chief executive Michael Sharp said the group plans to lure shoppers and bolster sales during the crucial Christmas trading period [...]
West End companies call for a red bus ban to entice shoppers September 26, 2012 A WEST End business group has called for the end of the “wall of red buses” that clog up Oxford Street. The New West End Company (NWEC), which represents retailers and landlords in the area, wants to introduce pedestrian-only times to coincide with the completion of Crossrail in 2018. It claims that previous traffic-free days [...]
Primark helps AB Foods buck market gloom September 10, 2012 PRIMARK owner Associated British Foods said it is set to enjoy a jump in full year profits thanks to a strong performance at the group’s discount fashion retailer, which continued to strike a chord with cash-strapped shoppers. Sales at Primark for the year to 15 September are expected to be 17 per cent ahead of [...]
Bosideng London founder Mr Gao is a man with a plan October 21, 2012 THE LAST time you walked on South Molton Street you would have gone past The Hog in the Pound, a not especially enticing-looking pub that sat at the top of the famous road where it meets with Oxford Street. Walk there today and it looks completely different. Let’s just say it’s had an upgrade; £25m [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS July 22, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 11 July to Wednesday 18 July. Adidas has moved up the rankings this week, both [...]
Athletes recommend City hotspots to tourists July 23, 2012 DON’T be alarmed if you bump into a supremely toned woman with a steely glint in her eye during your lunchtime stroll around St Paul’s Cathedral – it’s probably just Olympic triathlete Helen Jenkins visiting her favourite City landmark. Britain’s Team GB medal hopefuls have been roped into naming their favourite capital sights as part [...]
New governor vows to shake up central bank February 7, 2013 MARK Carney yesterday pledged to shake up weak economic forecasting, work out how to unwind quantitative easing (QE) and reorganise the Bank to make sure its vast new powers over banks can be used properly. The Canadian governor showed some disagreement with Sir Mervyn King, arguing interest rates should be raised when policy needs to [...]
Donald backs friend Scott to overcome Open heartache July 23, 2012 WORLD No1 Luke Donald insists his friend Adam Scott has the mental strength to emerge stronger from his nightmare ordeal in the closing stages of the Open on Sunday. Scott’s hitherto superb form crumbled with his first Major in sight, the Australian bogeying the final four holes to hand the Claret Jug to Ernie Els. [...]
INDITEX BUYS FLAGSHIP ZARA STORE IN WEST END FOR £155M June 18, 2012 Inditex, the world’s largest fashion retailer, yesterday announced it has bought the flagship Zara store at the heart of London’s West End for £155m. The Spanish-listed group, which owns Zara, said it had bought the 7,000 square-metre property at the intersection of Oxford Street and New Bond Street from German fund manager Deka. Last year [...]
What the other papers say this morning February 5, 2013 FINANCIAL TIMES Turner defends permanent printing Lord Turner, outgoing chairman of the Financial Services Authority, has launched an impassioned defence of financing government spending by printing money, arguing that within limits it “absolutelym definitely [does] not lead to inflation. Speaking ahead of a valedictory speech in London today, Lord Turner, who applied to be the [...]