Slowdown in sales growth at Sainsbury’s March 23, 2011 SAINSBURY’S said yesterday that its sales growth was slowing with fears over the economy draining consumer confidence. Chief executive Justin King said that the company was performing well considering the challenges facing retailers. Like-for-like sales for the fourth-quarter were up by one per cent, below market expectations, and against growth of 3.6 per cent in [...]
Cineworld looks for 3D boost March 10, 2011 Cineworld said yesterday new blockbusters should lift business this year as its profit was hit by the poor weather before Christmas. The group said 2011 promised to be a big year with a schedule which includes new Harry Potter and Sherlock Holmes films and a number of 3D movies, following the success of Avatar. Cineworld [...]
Cineworld looks for 3D boost March 10, 2011 Cineworld said yesterday new blockbusters should lift business this year as its profit was hit by the poor weather before Christmas. The group said 2011 promised to be a big year with a schedule which includes new Harry Potter and Sherlock Holmes films and a number of 3D movies, following the success of Avatar. Cineworld [...]
THE WEEK AHEAD March 20, 2011 COMPANY NEWS ● Campari will be hoping for a good mix of results on Monday. ● On Tuesday, Cairen Energy will announce. The oil and gas exploration and production company will be hoping to strike great results from the rising energy prices. ● The fashion group Inditex will announce on Thursday. ● On Thursday, Resolution, [...]
M&S to add to retail gloom April 3, 2011 MARKS and Spencer, the retail bellwether, is likely to add to the sense of impending doom on the High Street when it reports a sharp drop in sales later this week. Analysts expect like-for-like sales of general merchandise – which exclude food – to have fallen by a “grisly” six per cent in the fourth [...]
Caution rules on high street as borrowers look to repay debts March 1, 2011 APPETITE for borrowing has dropped in 2011, data from the Bank of England revealed yesterday. Consumer credit showed a net repayment of £333m in January, appearing to reflect caution on the high street, and people’s desire to reduce personal debts. Net borrowing had averaged around £200m over the previous six months, while in December credit [...]
Caution rules on high street as borrowers look to repay debts March 1, 2011 APPETITE for borrowing has dropped in 2011, data from the Bank of England revealed yesterday. Consumer credit showed a net repayment of £333m in January, appearing to reflect caution on the high street, and people’s desire to reduce personal debts. Net borrowing had averaged around £200m over the previous six months, while in December credit [...]
Ancient and modern wonders July 3, 2011 THE Eternal City has had a 21st-century makeover. In the last few years, daring new architect-designed buildings have been springing up, while workmen sing along to Tony Bennett: “The glory that was Rome/Is of another day.” The Auditorium Parco della Musica was created by Renzo Piano, and took 12 years to build. The American architect [...]
Next warns over bleak outlook March 24, 2011 Next said trading conditions in 2011 were likely to get worse before they get better, as it posted an expected nine per cent rise in profit for the year. “Retailing will feel like walking up the down escalator – we will have to work hard to stand still,” Chief executive Simon Wolfson, said. The retail [...]
Selfridges Christmas in August July 18, 2010 Selfridges department store in Oxford Street is getting ready for Christmas early – 145 days before the big day. In the earliest start ever for the store, the Christmas shop will open on 2 August, allowing organised shoppers to start stocking up on festive decorations including pre-lit trees, crackers, fairy lights or even a £500 [...]