Billionaire businessman Mike Ashley left the City baffled last night about a highly complex derivatives deal that was revealed on one of the busiest days in the retail calendar.
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Monday 03 January 2011
With high streets braced for a last-minute shopping rush today before the rate of VAT goes up, Ed Miliband will warn that the increase will cost the average family £7.50 a week.
Thursday 23 December 2010
After days in which their shop fronts have been bound with snow, retailers are hoping for a shower of last-minute present-buyers on what is expected to be the busiest shopping day of the year.
Saturday 11 December 2010
Sunday 05 December 2010
A distribution supplier to well-known high-street chains, including Marks & Spencer, Monsoon and Debenhams, has created a business with a joint turnover of around £255m by buying a 50 per cent stake in a Birmingham-based export business.
Saturday 04 December 2010
Amazon.co.uk has launched a "12 days of Christmas" sale, with savings of up to 65 per cent on books, toys, aftershave, watches and jewellery.
Sunday 14 November 2010
Tuesday 09 November 2010
Gala Coral has hired a former director at Marks & Spencer to lead the gambling group, and the chief executive of Debenhams to become its new chairman.
Friday 29 October 2010
The chief executive of Blacks Leisure has launched a vigorous defence of the insolvency procedure that saved the outdoor retail specialist from collapse last year, as a smaller 27-store rival retailer Go Outdoors emerged as a bidder for the company.
Thursday 28 October 2010
The science museum," mused Jamie in The Apprentice, trying to work out what the location of their briefing might tell them about the task ahead. "It's either going to be something to do with science... or museums." He'll go a long way with a mind like that – though in the event it was neither, the venue having been chosen because it was crammed with inventions "which have made millions for those brave enough to back them". (Does the Science Museum contain an Amstrad E-m@iler? And if not, isn't it time this significant gap in their holdings was put right by some anonymous donor?) This week, both teams were being given the opportunity to play at Dragons' Den, auditioning eager inventors and selecting two products to try and sell on to retailers. They passed on the laser-light wrinkle reducer (which looked like a wearable microwave oven) and the electronic slouch preventer (it nags at you every time you slump, like a miniaturised mother) in favour of – among other things – a T-shirt with built in six-pack and a baby-grow that changed colour if the child wearing it got too hot.
Wednesday 27 October 2010
Go Outdoors, the camping and clothing specialist, more than tripled its profits and nearly doubled its sales last year.
Saturday 23 October 2010
This week saw the launch of yet another Blue Cross sale at Debenhams, with up to 70 per cent off products across the store. Some of the best savings are to be found in the homewares department, with items such as the Bergen bonded leather recliner, reduced from £500 to £224, an Amelia bathroom towel set, down from £32 to £9.60, and the Clusterdown orthopaedic contoured pillow, reduced from £36 to £10.80, proving the top-selling items so far. Head over to http://ind.pn/bWzC4I for a full list of discounts.
Friday 22 October 2010
Thursday 21 October 2010
The department store Debenhams has revealed it will reintroduce its dividend after a two-year hiatus, as it posted a sharp uplift in full-year profits.
Thursday 21 October 2010
Retail sales volumes were weaker than expected in September, official figures showed today, as anxiety ahead of the Government's deficit-busting cuts deepened.
Monday 11 October 2010
Premium footwear retailer Kurt Geiger, which currently sells 10 pairs of shoes every minute, lifted underlying profits by a fifth in 2009, and expects to do even better this year.
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