Home Improvements

Topps Tiles places shares to raise £15m

Topps Tiles, the tile and wood flooring retailer, is hoping to raise 15 million pounds by placing shares to give its balance sheet a boost in case of a double-dip recession

Habitat for sale

UK-based international home furnishing retailer, Habitat, may be put up for sale, according to the group's Chief Executive, Mark Saunders.

Woolworths to enter $24 billion hardware sector

Australian retailer Woolworths Ltd is moving into the hardware sector under a new joint venture with U.S. home improvement retailer Lowe’s.

Ikea needs to make further job cuts

Swedish furniture retailer Ikea needs to shed more employees, the company’s founder Ingvar Kamprad said on Monday.

BrightHouse well placed for growth

Rent-to-own retailer BrightHouse on Monday posted a 21.5 percent rise in full-year underlying profit and said it is well placed for further growth.

Home Retail sees off investor rebellion

Home Retail Group saw off an investor rebellion over proposed changes to pay plans at its annual shareholders meeting on Thursday.

A pedestrian passes a branch of Argos in London October 19, 2008. REUTERS/Andrew Winning

Carpetright slashes dividend as profit slumps

Carpetright Plc, Britain's biggest carpet retailer, on Tuesday posted a 72 percent slump in annual profit.

Home Retail Q1 beats estimates

Home Retail Group Plc said both Argos and Homebase enjoyed better than expected sales in the first quarter but added it remained cautious.

Home Depot raises earnings guidance

Home Depot Inc, the world’s largest home-improvement retailer, raised its profit forecasts for the year Wednesday.

The Home Depot in Knightdale, North Carolina

Kingfisher profits leap 40 percent

Kingfisher, Europe's biggest home improvements retailer, beat forecasts with a 40 percent jump in first-quarter profit.

A B&Q sign is seen outside a store in south London June 4, 2008. REUTERS/Alessia Pierdomenico

Home Depot quarterly profit rises on cost cuts

Home Depot Inc's quarterly profit beat Wall Street estimates on Tuesday as the world's largest home improvement chain reined in expenses.

A Home Depot Inc. retail store is shown in Daly City, California in this January 26, 2009 file photo. reported a higher quarterly profit on Tuesday as the world's largest home improvement chain reined in its expenses. REUTERS/Robert Galbraith

Ikea starts review of £200m global media business

Swedish retailer Ikea has started a review of its global media business as it seeks to identify potential improvement areas on all key value drivers.

Bed Bath & Beyond Q4 beats Wall Street estimates

U.S. home-furnishings retailer Bed Bath & Beyond Inc on Tuesday reported better-than-expected fourth quarter profit.

Sears and Kmart launch Country Living Collection

The Country Living Collection will debut this summer in both Kmart and Sears retail stores across the U.S.

Pier 1 posts quarterly loss

Pier 1 Imports Inc reported a quarterly loss on Tuesday as markdowns ate into the home furnishings retailer's margins.

A Pier 1 Imports sign is seen above a store in Dallas, Texas June 19, 2008. REUTERS/Jessica Rinaldi

Costco to close Costco Home Stores

Costco Wholesale Corp plans to close its two Costco Home stores on July 3.

Home Depot’s Blake takes higher pay in 2008

Home Depot Inc's Chief Executive Frank Blake took home slightly higher pay in 2008, despite his decision to decline the bonus offered as part of his compensation.

Kingfisher to downsize in China

Kingfisher, Europe's top home improvements retailer, has unveiled plans to close a third of its loss-making Chinese stores.

Wal-Mart launches "Your Zone" home furnishing line

Wal-Mart Stores Inc is launching "Your Zone", a new line of home furnishings aimed at teenagers.

Kingfisher to reward employees with company shares

Kingfisher is to reward high-performing store managers with shares worth up to six months of their salary.

Kingfisher names new chairman

Kingfisher, Europe's biggest home improvements retailer, said Daniel Bernard will succeed Peter Jackson as Chairman.

A customer shops at a B&Q store in south London June 4, 2008. REUTERS/Alessia Pierdomenico

Home Retail sales fall but will meet profit hopes

Home Retail posted further falls in underlying sales and profit margins at its Argos high street catalogue and Homebase do-it-yourself chains but said it would meet full-year profit forecasts.

A sign is seen outside a branch of Argos in central London, October 19, 2008. REUTERS/Andrew Winning

Staples posts weak profit

Staples Inc posted a 14 percent fall in quarterly profit, hurt by weak sales of furniture and computers, and said it will not give outlook for 2009 due to uncertain economic conditions.

A Staples store display window is pictured in New York, May 20, 2008. REUTERS/Shannon Stapleton

Home Depot posts loss after charges

Top home improvement retailer Home Depot Inc delivered stronger-than-expected quarterly results on Tuesday as it held down expenses, sending its shares up 3 percent in pre-market trade.

A Home Depot store is seen in New York, in this file image from August 18, 2008. REUTERS/Shannon Stapleton/Files

Lowe's posts sharp drop in profit

Lowe's Cos reported a sharp drop in quarterly profit on Friday as it marked down prices to lure consumers in the recession and it gave profit forecasts that fell short of Wall Street estimates.

A customer carries a basket while shopping at a Lowe's store in Burbank, California May 19, 2008. REUTERS/Fred Prouser

Kingfisher fourth quarter underlying sales fall

Kingfisher , Europe's biggest home improvements retailer, posted a 5.5 percent fall in fourth-quarter underlying sales on Thursday and said it was on track to meet analysts' full-year profit forecasts.

Land of Leather prepares for further job cuts

More than 650 employees at Land of Leather have been warned their jobs are at risk.

Carpetright third-quarter sales plunge but January better

Britain's biggest carpet retailer, Carpetright, reported a plunge in third-quarter sales on Tuesday but said trading had picked-up in January, sending its shares up over 9 percent.

Land of Leather to close 33 stores

Administrators to Land of Leather said on Monday they planned to begin stock liquidation sales in 33 stores that are to be closed. "While we are making every effort to sell Land of Leather as a going concern, it is apparent that interested parties will not buy all of the 109 stores.

A man walks past the Land of Leather store in Peckham, in south London January 12, 2009. REUTERS/Andrew Winning

Home Depot to cut 7,000 jobs, exit Expo business

Home Depot Inc said on Monday it was eliminating 7,000 jobs, or about 2 percent of its workforce, as the world's largest home-improvement retailer closes its Expo home design centers and cuts corporate support staff.

A man walks down the aisle of a Home Depot store in New York, August 18, 2008. REUTERS/Shannon Stapleton

Home Retail sales fall but profits on track

Home Retail, Britain's biggest household goods retailer, posted big falls in underlying sales at its and Homebase home improvement chain and catalogue-based Argos stores, but expects to meet full-year profit forecasts.

Shoppers are seen in an Argos store in an undated handout photo. REUTERS/Home Retail Group/Handout

DIGITAL MAGAZINE

OTHER FEATURES

- Free Subscription
- Read Now
- View Publications
- Back Issues

Associations and Events