Bottom Line: It’s time for Carpetright to put itself right June 24, 2014 Walking away from your labour of love can be a heartbreaking endeavour. Even worse, I’d imagine, when the company that you’ve spent decades building into a retail giant is down in the dumps. Philip Harris, now Baron Harris of Carpetright, is understandably keen to depart on a high note. After all, he’s been in the carpet [...]
Jane Norman collapses into administration June 24, 2014 Jane Norman has been put into administration for the second time in three years, after its owner failed to revive sales at the 24-store high street chain. Edinburgh Woollen Mills, which bought the retailer in 2011 via a pre-pack deal, has appointed Grant Thornton as administrators in a move that puts Jane Norman’s 157 employees [...]
Land Securities sells shopping mall in Sunderland for £152m June 24, 2014 LAND Securities yesterday sold The Bridges shopping centre in Sunderland for £152m as the property giant battled with two of its rivals to buy Lend Lease’s 30 per stake in the Bluewater shopping centre, in Kent. The firm said it had sold the 550,000 square feet shopping centre to clients of AEW Europe after owning [...]
Sainsbury’s Bank doubles its workforce June 24, 2014 SAINSBURY’S hired 500 more workers yesterday as it expands its foreign currency operations through its banking arm. The expansion of its deal with forex provider Travelex will more than double its workforce, which currently stands at 400. Those staff had previously worked in the supermarket’s bureaux, and are being transferred over under the five-year agreement. [...]
Social media: The new talent spotter June 24, 2014 Social media has already transformed the way we communicate, and it is now beginning to change the way we work. Enterprise social networks, such as Yammer and Chatter, have created an internal business role for social media, influencing how organisations interact, and how they share and develop ideas. These tools can be instrumental in harnessing [...]
Asos share price: Retailer shrugs off warehouse fire as website reopens June 23, 2014 Asos shares rose two per cent yesterday as the online fashion retailer reassured investors and said it had resumed taking orders following a fire at its main warehouse this weekend. The fire at its Barnsley warehouse in South Yorkshire on Friday night forced the company to suspend its website over the weekend and sparked fears [...]
Why Asos shares have shrugged off warehouse fire damage news June 23, 2014 Despite slumping by around three per cent in early trading, Asos shares have seen a recovery after Friday's warehouse fire. Traders have been waiting until today to respond to a fire at the company's Barnsley distribution centre, where around 70 per cent of the company's total stock is held. South Yorkshire Police are treating the [...]
5 retailers who’ve suffered warehouse woes June 23, 2014 Retailers have had their fair share of misadventures with their warehouses in recent years. The fire at Asos’ distribution centre in Yorkshire is the second time the retailer has suffered damage to one of its warehouses. An explosion at the Buncefield oil depot near to its former site in Hemel Hempstead in 2005 [...]
Consumers set to use tablets for 72pc of online purchases by 2018 June 23, 2014 Tablets are set to dominate UK mobile online shopping this year as order volumes on the larger screened devices soar to double that of smartphones. Smartphones will account for just £4.65bn of online retail sales in 2014, year-on-year growth of 43.2 per cent. Tablet online retail sales will soar 79.3 per cent to £9.28bn, according [...]
Car auctioneer owner aims for listing hat-trick June 23, 2014 THE OWNER of British Car Auctions (BCA) is plotting another foray onto the London stock market, buoyed by the success of two similar share sales earlier this year. New York-based outfit Clayton, Dubilier & Rice, which bought BCA in February 2010, is on the verge of appointing half a dozen investment banks to bring the [...]