Tesco set to unveil bleak Christmas January 8, 2012 TESCO is set to deliver its worst Christmas trading performance for decades this week after the supermarket’s £500m price cutting campaign failed to gather pace in the fierce battle for supermarket sales. Deutsche Bank, a house broker to Tesco, is forecasting a two per cent decline in like-for-like sales from UK stores in the six [...]
Thorntons hit by discounting January 12, 2012 Chocolatier Thorntons said sales over the Christmas period had been below its expectations and its profitability would be hit by heavy discounting, in a retail environment it called “extremely tough”. Derbyshire-based Thorntons, which operates around 600 stores across the UK and employs more than 4,000 staff, said sales in its own stores declined in the [...]
Hysteria is a coy toothless cartoon September 20, 2012 FILM HYSTERIA Cert 15 | * Hysteria, the story about the invention of the vibrator in Victorian London, could have been the perfect companion piece to Maggie Gyllenhaal’s sexually-charged 2002 movie, Secretary. It promises to be an exploration of female desire, a subject that remains something of a taboo in mainstream cinema. Instead, we get [...]
Ted Baker reports strong Christmas January 13, 2012 British designer brand Ted Baker said it would meet forecasts for year profit after a sharp rise in sales over the Christmas period put it firmly in the festive winners’ camp. The group said on Friday its retail sales increased 15.7 per cent in the eight weeks to 7 January driven by a 7.3 per [...]
Blue Inc to take on D2 shops January 5, 2012 Blue Inc, the fashion chain backed by Sir Stuart Rose and the Reuben brothers, is set to buy up most of the remaining shops from collapsed retailer D2 Jeans. The retailer will take on around 20 of D2’s outlets from administrator BDO, according to reports. D2, which was formerly owned by billionaire Sir Tom Hunter, [...]
Blue Inc to take on D2 shops January 5, 2012 Blue Inc, the fashion chain backed by Sir Stuart Rose and the Reuben brothers, is set to buy up most of the remaining shops from collapsed retailer D2 Jeans. The retailer will take on around 20 of D2’s outlets from administrator BDO, according to reports. D2, which was formerly owned by billionaire Sir Tom Hunter, [...]
Loans breach is looming at Game January 10, 2012 DIRE sales of video games over the Christmas period have forced Game Group to warn that it may breach an upcoming financial covenant test, knocking more than 43 per cent off its share price yesterday. Chief executive Ian Shepherd blamed the lack of new games consoles dovetailed with the weak consumer environment for like-for-like sales [...]
Loans breach is looming at Game January 10, 2012 DIRE sales of video games over the Christmas period have forced Game Group to warn that it may breach an upcoming financial covenant test, knocking more than 43 per cent off its share price yesterday. Chief executive Ian Shepherd blamed the lack of new games consoles dovetailed with the weak consumer environment for like-for-like sales [...]
Dixons sales fall gathers pace January 17, 2012 Dixons Retail said sales declines accelerated over the key Christmas period, though the firm maintained gross margins and claimed it outperformed competitors in Britain. The electricals chain, home to Currys and PC World in Britain, said group sales at stores open over a year fell five per cent in the 12 weeks to 7 January. [...]
December sales boost flattered by 2010’s snow January 9, 2012 HOPE for the British high street was boosted this morning by figures showing a sharp increase in retail sales for December, compared to the key Christmas period the previous year. Like-for-like retail sales were up 2.2 per cent, while total sales — which include newly developed shop floor space — jumped by 4.1 per cent. [...]