Austin Reed rejects takeover
May 9, 2003 12:00 amClothing retailer expects ‘substantial improvement’ May 9 2003 Austin Reed has decided to take control of its own destiny and reject any takeover approaches for the... View Article
General Merchandise News
Wide ranging inquiry into UK supermarket sector
May 8, 2003 12:00 amCompetition Commission sets out Safeway issues May 8 2003 The Competition Commission is using its inquiry into the potential bidders for Safeway to take a wide... View Article
Ahold finds $880m overstated in US Foodservice accounts
May 8, 2003 12:00 amResults of accounting investigation announced May 8 2003 Ahold’s US Foodservice division overstated its accounts by $880m over three years, the Dutch supermarket operator has announced.... View Article
UK shop prices fall in April
May 8, 2003 12:00 amWeaker consumer demand prompts discounting May 8 2003 Prices on the UK high street declined slightly as a slackening in consumer demand saw retailers resort to... View Article
Oasis boss takes key role at Jacques Vert
May 7, 2003 12:00 amUpmarket womenswear brand performing strongly in tough market May 7 2003 Derek Lovelock, chief executive of womenswear retailer Oasis, is to become non-executive chairman of upmarket... View Article
Selfridges plays down bid deadline
May 7, 2003 12:00 amMore offers may come for UK department store group May 7 2003 Selfridges is playing down the bid deadline for offers set by its adviser Merrill... View Article
Easter fails to lift April shopper numbers
May 6, 2003 12:00 amUK consumers keep retailers guessing May 6 2003 The late Easter failed to cure the weakness in UK retail, with April shopper traffic down 0.5 per... View Article
John Lewis launches consultation on cuts
May 4, 2003 12:00 amUK department store operator faces clash of catchments May 3 2003 John Lewis Partnership has started a cost cutting exercise that could affect 380 employees, both... View Article
Wal-Mart sells distribution arm in $1.5bn deal
May 3, 2003 12:00 amMcLane sold to company chaired by Warren Buffett May 3 2003 Wal-Mart has sold its grocery distribution business McLane to Berkshire Hathaway Inc, a company chaired... View Article
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