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M&S profits drop for first time in three years

The retailer's like-for-like sales in the UK increased by 0.3% for the year ending 31 March after ... financial year while underlying profit before tax was down to 705.9m from 714.3m. The retailer ... s celebratory mood" and "highlights our position as the UK's most trusted retailer". But it warned its ...

Sainsbury's chief praises marketing as annual revenue hits £22.3bn

-expectations performance has seen the retailer capture 16.6% of the market according to Kantar data, as rivals Tesco ... ." Figures provided by Sainsbury s suggest it is the fastest-growing online food retailer with 20% year ...

Argos and Homebase owner posts 60% profit drop

, after parent company Home Retail Group posted a 60% drop in yearly profits....executive of Home Retail Group, said: "We will continue to prioritise investment in our leading multi ... executive, has hired OC C Strategy Consultants to carry out a repositioning of the brand. The Home Retail ...

Adwatch and Webwatch (April 25 ) Top 20 recall: Tesco

to Tesco? Can it learn from the diversity of retail experiences that Starbucks is introducing across its estate? Fifth, in our retail-obsessed society, how helpful is it to talk about 'maximising share ...

'We have to build better brands and we need a different conversation', admits Tesco chief

hot", but denied the retailer had been "delivering a bad shopping experience for millions of customers ... new flags. It is about putting the customer first." The brand's focus on multi-channel retailing ... as press advertising". He said multi-channel retail was being grown by rolling out of more dot ...

Ikea overtakes John Lewis as nation's favourite retailer

Ikea has overtaken John Lewis as the nation's favourite retailer, according to a poll of 6...The furniture retailer won the award because it had the right product mix both in-store and online ... target, the mature female shopper, but these women are well served by the retailer, and this is reflected ... , but in prioritising quality, service and range. Consumers have higher expectations from their preferred retailer ...

M&S to revamp stores with £500m investment

research company. The retailer is building up a demographic profile of all its stores by using criteria ... as the retailer posts a UK sales increase of 1.2% for the quarter ending 31 March, which came despite declining ... " sales on its withdrawal from the technology sector. The retailer's Direct online offering saw another ...

Mothercare to close more than 100 stores and revamp online presence

Maternity, childrenswear and toys retailer Mothercare is to close 111 stores over three years...Mothercare will reduce its estate to 200 stores by March 2015, by closing 36 Mothercare stores and 75 Early Learning Centre stores as it seeks to put greater emphasis on its online offering. News comes as the retailer revealed in a fourth-quarter trading update that full-year, like-for-like sales ...

Non-food boosts retail sector after unseasonably warm March

British retailers have benefited from March's warm weather which led to a jump in non-food retail...Total retail sales were up 3.6% last month (March) compared to March 2011, driven by growth in non ... total retail sales were down 1.9%. Stephen Robertson, director general at the BRC, said: "The early ... to be largely underpinned by food inflation rather than by customers buying more. "The overall retail ...

Game and Gamestation brands survive following acquisition

who were served redundancy notices last week set to regain their jobs at the retailer's head office. OpCapita, which has picked up Game Group for 1, specialises in turning around troubled retailers ... of increasing competition from internet retailers such as Amazon, as well as from the UK's major supermarkets ...

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