Retail News

Card Factory attracts big offers

The West Yorkshire-based chain of greetings cards and gift stores is believed to have attracted a number of interested parties, willing to bid up to £400m

Matalan founder to receive £250m dividend

Founder and owner of the British budget fashion and home retailer, John Hargreaves, is set to pay himself a £250m dividend as part of refinancing plans

Co-operative is most responsible retailer for third year running

The Co-operative Group has been named Responsible Retailer of the Year for the third year in a row at the prestigious Oracle Retail Week Awards, which recognize the very best in UK retailing

114 Ethel Austin and Au Naturale stores to close

In a statement by MCR, the administrators of clothing trailers Ethel Austin and Au Naturale, the imminent closures of 114 stores have been confirmed

House of Fraser to open Middle East stores

British department store chain House of Fraser is to announce plans for a new store in the Middle East, it was revealed today

Walmart buys VUDU

Walmart has announced the acquisition of leading digital entertainment provider, VUDU

Primark continues to enjoy strong sales

The clothing chain has seen a strong performance over the last six months

PPR reports “highly satisfactory” full-year results

French retail giant PPR yesterday reported significantly improved sales performances in the fourth quarter of 2009, with its Gucci Group division performing particularly well

Abercrombie & Fitch reports sales decrease

Abercrombie & Fitch Co, which operates off-shoot brands abercrombie kids and Hollister Co, has reported Q4 financial results which reflect the difficult retail environment

Withdrawal of Sri Lankan trade benefits could affect retailers

Sri Lanka is prepared to face a European Union decision to suspend its preferential trade benefits, which could increase the cost of clothing produced in the country, an official said yesterday

SuperGroup in £125m flotation plan

SuperGroup, the firm behind the streetwear label Superdry and fashion retailer Cult, is expected to make its stock market debut with a 125 million pound flotation by this Easter

H & M like-for-like sales up

Today, H & M Hennes & Mauritz AB, the Sweden-based fashion group, posted a like-for-like sales rise of 1 percent in January compared with the same month last year