Marks & Spencer is no longer special May 19, 2009 FOR a supposed retail guru, Marks & Spencer boss Sir Stuart Rose is not doing well. His firm is underperforming Tesco, J Sainsbury, Morrisons and Alliance Boots, among others. Yesterday’s grim full year results show that the firm has a lot of hard thinking to do. Its product and pricing mix still isn’t quite right; [...]
Struggling retailers can’t just blame the downturn August 11, 2008 The threat of recession is an excellent excuse for retailers to blame someone else for their poor performance. Things are certainly getting tougher out there, but retailers whose sales are falling faster than average are losing market share. Simple as that. Monthly retail sales are wildly volatile, but look at it this way – in [...]
It is still not the time to be buying into retail stocks July 31, 2008 The European General Retail sector has fallen by about 25 per cent so far this year. But does this sharp decline in price make retail shares a good buy? We think that there are a variety of reasons to remain wary. The first reason is a depressed outlook for consumer demand. With continued worries about [...]
Sales slide at Matalan November 2, 2005 Value retailer Matalan yesterday insisted that it was holding market share despite reporting deteriorating trading conditions. Group like-for-like sales tumbled 10.6 per cent in the nine weeks to 29 October. The retailer said clothing like-for-like sales were down 7.6 per cent implying homewares sales had fallen by as much as 20 per cent. Chief executive [...]
Dalgleish set to pocket £20m from CBRE deal October 31, 2005 Malcolm Dalgleish is not yet as wealthy as Philip Green, but he has just become almost £20m richer. In property circles Dalgleish is known as Green’s right-hand man, and he has just sold his business for around £30m to the world’s largest real estate advisory firm. He stands to make up to £20m from the [...]