A chain of electrical stores under the Comet name is to be launched in a bid to fill the gap in the market left by the now-defunct retailer.
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Thursday 10 March 2011
Sports Direct was given a clean bill of health by the Serious Fraud Office (SFO) yesterday, marking the latest inquiry to be dropped against the sportswear retailer.
Saturday 26 February 2011
JJB Sports submitted a final draft of its restructuring plan to its lender, Bank of Scotland, yesterday.
Thursday 24 February 2011
Outlook Another day, another door slams in the face of JJB Sports, the troubled retailer. To avoid going into administration, JJB needs to persuade 75 per cent of its creditors, mostly landlords, to back a company voluntary arrangement (CVA) that would see it close as many as 95 shops and renegotiate rents on the remaining 150. Yesterday, after weeks of off-the-record sniping from landlords, one of them, Capital Shopping Centres (CSC), went public: it intends to vote against the CVA.
Tuesday 22 February 2011
Sunday 13 February 2011
JD Sports is not pursuing its takeover talks for rival JJB Sports while it awaits the outcome of the latter's proposed rescue plan.
Saturday 12 February 2011
JJB sports gave warning yesterday that the final whistle would be blown on its struggle to survive if its landlords fail to agree a company voluntary arrangement (CVA) to enable it to close up to 95 stores.
Saturday 05 February 2011
Kenneth Cole likes to portray itself as an upmarket fashion brand but a couple of recent tweets are about as low as you can get. Opining on events in Egypt KC had the following to say: "Millions are in uproar in #Cairo. Rumor is they heard our new spring collection is now available online at http://bit.ly/KCairo -KC"
Thursday 03 February 2011
The beleaguered sports equipment retailer JJB Sports yesterday gave its long-suffering shareholders mixed news by confirming that it had received a takeover approach from its rival JD Sports Fashion while also tapping investors for a £31.5m fundraising.
Thursday 30 December 2010
The seasonal goodwill that just lifted the FTSE 100 through the 6,000 point mark at close of trading on Christmas Eve failed to hold as (some) traders returned to work yesterday.
Friday 24 December 2010
JJB Sports, the beleaguered sports retailer, is poised to announce a £30m fund-raising and the departure of its chairman, to safeguard its future.
Wednesday 22 December 2010
Alexon, the fashion retailer, yesterday sent a pre-Christmas chill through the retail sector with a profits warning, becoming the latest group to warn about the damaging impact of the "extreme" wintry conditions.
Wednesday 15 December 2010
The new chief executive of the leisure group Whitbread, the owner of the Premier Inn and Costa Coffee chains, has warned of a continuing north-south divide in the UK over the next year in the wake of the Government's public sector cuts.
Friday 03 December 2010
City analysts have warned that JJB Sports faces a battle for survival after the beleaguered retailer said it was likely to breach banking covenants in January and that trading conditions remained "extremely challenging", exacerbated by the snowy weather.
Friday 12 November 2010
JJB Sports, the beleaguered sports equipment retailer, yesterday warned that profits margins were being hit by its hefty price cutting, as it posted a rise in debts and slowdown in underlying sales growth.
Saturday 30 October 2010
JJB Sports has been hit with a £445,000 fine after a Financial Services Authority investigation into its compliance dating back more than two years.
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