Big freeze boosts sales at Blacks
The cold weather has boosted sales at outdoor retailer Blacks over the Christmas period and the chain is considering raising £15m-£20m to expand its store portfolio.
Sales at BrightHouse soar
BrightHouse, the rent to buy furniture retailer has seen like-for-like sales jump 9% in the 13 weeks to December 24.
Daisy Lowe boosts sales at Peacocks
Peacocks the discount fashion retailer outperformed its larger rivals with an 8% rise in like-for-like sales over the Christmas period, helped by a collection designed by model Daisy Lowe.
From The Financial Times
Tesco loses out to German supermarket, Metro
Tesco has dropped a place in the league table of the world’s biggest retailers, according to a study by Deloitte Touche Tohmatsu. Britain’s biggest grocer has been overtaken by Metro, of Germany, the owner of Makro the cash-and-carry store.
Bolland in talks about M&S joining date
Marc Bolland is due to begin talks with his ex-employer, Morrisons supermarket chain, about when he can join Marks & Spencer as chief executive.
From The Times
Tesco opens hypermarket in China
Tesco has opened a 30,000sq m hypermarket in Qingdao, China, which boasts a cinema and residential flats.
Supermarket criticised over stealth price hikes
British supermarkets have been accused of using the return of the 17.5% VAT rate to pass on stealth price rises on a range of products.
From The Independent
Pets at Home bidders given deadline
Potential buyers of the Pets At Home chain have been given a final bid deadline of January 25 by the pet retailer’s private equity owner Bridgepoint Capital.
From The Daily Telegraph
Spending on gaming slips
High-street spending on computer games, consoles and accessories slipped by £700m to £3.3 billion last year, despite high profile launches such as Call of Duty 4: Modern Warfare. The Nintendo Wii remained the top-selling games console, but Microsoft’s XBox 360 earned most from its games sales, which rose 4% to £459m.
From The Sunday Times
Sales surge at my-wardrobe.com
Sales at online fashion retailer my-wardrobe.com surged by 121% last month. Sales reached £1.1 million as shoppers ordered its designer ranges such as Vivienne Westwood’s Anglomania.
B&Q to trial small format stores
B&Q plans to test a new small-store format which will stock a mixture of basic products for DIY jobs such as small repairs and redecorating in edge of town locations.
From The Mail on Sunday