US corporate results round up November 13, 2012 Home Depot raises forecasts for sales HOME Depot yesterday raised its full-year outlook as the retailer benefited from a recent uptick in the US housing market and analysts expect a sales boost from Hurricane Sandy in the current quarter. The world’s biggest home improvement chain posted quarterly net earnings up 1.4 per cent to $947m [...]
US corporate results round up November 13, 2012 Home Depot raises forecasts for sales HOME Depot yesterday raised its full-year outlook as the retailer benefited from a recent uptick in the US housing market and analysts expect a sales boost from Hurricane Sandy in the current quarter. The world’s biggest home improvement chain posted quarterly net earnings up 1.4 per cent to $947m [...]
Retail bump fails to curb a fall on Wall St November 13, 2012 US stocks sold off late in the session yesterday, led by a slide in Microsoft shares, though retailers were a notable bright spot after Home Depot raised its outlook. Microsoft was the most actively traded on Nasdaq, weighing on the tech-heavy Nasdaq Composite after the surprising departure of a key executive. The stock fell 3.2 [...]
British Land sells Cambridge mall October 1, 2012 British Land said yesterday it has sold the Beehive Centre in Cambridge to Orchard Street Investment Management for £109.2m. The 238,000 square feet retail park, bought by British Land in 1998, is anchored by a 70,000 sq ft Asda store and has 15 other tenants including TK Maxx and Next Home. Orchard Street said the [...]
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 [...]
SuperGroup shakes up team at the top March 20, 2012 SUPERGROUP has added two new executives to its board as the fashion house looks to strengthen its management team and expand its presence overseas. The company behind the Superdry brand said that Susanne Given, formerly John Lewis’ director of fashion and beauty, will take up the newly created role of chief operating officer next month. [...]
MINISTER SLAMS JOB SNOB CRITICS February 20, 2012 CHRIS Grayling, the employment minister, yesterday rounded on critics of the government’s work experience programme, describing them as “job snobs”. He was speaking in response to opponents of the scheme who branded it “21st century slavery” and “forced labour” after it emerged Tesco had offered an unpaid placement stacking shelves in its supermarkets. The scheme [...]
Funds buy up UK property August 10, 2009 PROPERTY fund managers are storming back into the UK market, believing the correction has now ended and bricks and mortar assets are looking cheap. Managers believe the collapse of the property bubble has created a wealth of investment opportunities, with Henderson’s Herald fund and F&C’s Commercial Property Trust both diving back in to the UK [...]
Ashley’s new bargain basement June 14, 2009 Newcastle United owner Mike Ashley has set up a £1 shop in the former Burberry headquarters in London’s West End, despite budget retailer TK Maxx being blocked from opening nearby. The former up-market building is now plastered with “sports clearance” signs. It is believed Ashley’s Sports Direct chain is using the store to clear old [...]
SDI reveals retail contract wins May 26, 2009 SDI Group, the Aim-listed distribution services firm, yesterday announced a number of new contract wins totalling around £8m. Distribution deals have been struck with student clothing retailer Jack Wills and discount store chain TK Maxx. The group also said it had won contracts to build automated warehousing systems for Dutch clohing retailers Noppies and Wolverine [...]