Archive for February, 2012

Retail sales stabilise in February, according to the CBI

Retailers experienced little change in sales volume year-on-year with 34% of retailers surveyed in February’s CBI Distributive Trades Survey reporting an increase, while 36% reporting a decline.

Harvey Nichols to post record profits

Luxury department store Harvey Nichols expects record profits this year of more than £18m.

Retailers write to Chancellor to urge business rate reform

Retailers including Boots, HMV, Kingfisher and Primark have written to the Chancellor calling on him to revise the 5.6% business rate rise to come into effect in April.

John Cleland named Maplin chief executive

Former Somerfield managing director John Cleland is to join electricals specialist Maplin as chief executive at the start of next month.

Video: DFS launches ‘emotional’ ad as it moves away from price-led campaigns

DFS, one of the biggest spenders in advertising, has launched a new TV ad that represents a major shift away from its usual price-led campaigns.

Wickes like-for-likes hit as kitchens and bathrooms sales decline

Travis Perkins’ retail arm, which largely comprises Wickes, experienced a like-for-like decline of 1.4% last year as it was hit by a fall off in demand in kitchens and bathrooms.

Kingfisher’s Ian Cheshire honoured by the French

Kingfisher group chief executive Ian Cheshire has received an Order of State granted by the French President for his “significant contribution to the strengthening of economic and commercial links between France and the UK”.

Government urged to improve competitiveness so retailers invest

British Retail Consortium has urged Government to improve UK competitiveness to ensure retailers invest rather than increase their cash reserves.

Homewares push by French Connection

French Connection is to push into the homewares market with the launch of a premium home range in April.

John Lewis hires former Kingfisher finance boss

John Lewis Partnership has hired Lloyds Banking Group’s retail head as its group finance director.