Given takes up her new role at SuperGroup April 10, 2012 RETAIL veteran Susanne Given took up the newly created role of chief operating officer at SuperGroup yesterday as the fashion house looks to strengthen its management team and boost its presence overseas. The owner of the Superdry fashion label has had a turbulent stock market performance since its successful flotation in 2010. It has been [...]
CITY MOVES WHO’S SWITCHING JOBS May 10, 2012 McGuireWoods Philip Newhouse has been appointed managing partner of the international law firm’s London office. He replaces Anders Grundberg, who will continue as partner in the firm’s international transactions and private wealth services practice. Newhouse has previously served as managing partner at Taylor Wessing Bucharest’s office and at Haarman Hemmelrath. Coutts The wealth division of [...]
ANALYST VIEWS: WILL WE SEE SALES IMPROVE AT HOME RETAILL ? March 15, 2012 PHILIP DORGAN | PANMURE GORDON There is not much to see here. The period has been short and is low volume. The figures are poor, but not unexpected. Argos may benefit from the demise of Game, but there are plenty of other retailers competing for the same business. DAVID JEARY | INVESTEC The news is [...]
Home Retail grapples with falling profits March 15, 2012 HOME RETAIL Group forecast its fifth consecutive year of falling profits as weak consumer demand and competition from internet and supermarket rivals continued to impact sales. Chief executive Terry Duddy said the company was on track to meet analysts’ expectations for the full-year, with an average underlying profit of around £99m. This marks a sharp [...]
Home Retail in line for profit warning March 14, 2012 HOME RETAIL Group’s profits for 2013 are expected to fall significantly short of expectations as sales at its troubled retailer Argos suffer from falling consumer demand and competition online. Analysts believe chief executive Terry Duddy and John Walden, the new managing director of Argos who joined last month, will issue a profit warning “sooner rather [...]
Home Retail to slash dividend as Argo sales plunge January 12, 2012 Home Retail, Britain’s No. 1 household goods retailer, said it anticipated a significant cut in its full-year dividend as it posted a further slump in sales at its Argos business over the Christmas trading period. The firm said on Thursday the trading environment had been both “volatile and demanding” and forecast at year to end-February [...]
Home Retail to slash dividend as Argo sales plunge January 12, 2012 Home Retail, Britain’s No. 1 household goods retailer, said it anticipated a significant cut in its full-year dividend as it posted a further slump in sales at its Argos business over the Christmas trading period. The firm said on Thursday the trading environment had been both “volatile and demanding” and forecast at year to end-February [...]
Home Retail hires Walden as Argos boss February 1, 2012 HOME Retail Group has named former Best Buy executive John Walden as the new boss of its struggling Argos business. He takes over as managing director of the chain next month and will report to group chief executive Terry Duddy, who had taken on the role temporarily after the departure of Sara Weller last April. [...]
Home Retail to slash divi January 12, 2012 HOME RETAIL GROUP warned it was set to slash its dividend after a declining electronic goods market caused Christmas sales at Argos to slump by more than £150m. The near-nine per cent fall in sales at Argos stores open more than a year in the 18 weeks to 31 December means the group now expects [...]
Home Retail profits slump October 19, 2011 Home Retail posted a 70 percent slump in first-half profit, with profitability at its Argos business collapsing. The firm, which also owns Homebase, the second largest do-it-yourself chain, said on market conditions were “weak and volatile.” “In these early weeks of the second half we have not seen the improvement in sales that we had [...]