| Date | Time | Source | |
| 01/17/2013 | 10:16AM | DJN | Online Key To Christmas Retail Success
The U.K. government had hoped cooling inflation and a revival in consumer confidence would boost spending, but Christmas sales showed very little pick-up in growth, except online, which proved the saviour for some retailers and the downfall of others. Online sales accounted for up to 20% of total retail spend this Christmas... More...>> |
| 01/31/2012 | 10:39AM | DJN | Apple Takes Gamble On New Retail Chief John Browett
The appointment Tuesday of John Browett as head of Apple Inc.'s (AAPL) retail operations is a big vote of confidence in the Dixons Retail (DXNS.LN) chief executive but something of a gamble for the U.S. electronics giant as it seeks to expand its retail network. In picking the CEO of a small, struggling European retail... More...>> |
| 01/31/2012 | 3:47AM | DJN | UPDATE: Dixons Retail CEO Quits To Join Apple
Dixons Retail PLC (DXNS.LN) shares fell 13% Tuesday after the U.K-based electrical retailer said its Chief Executive John Browett has resigned to join Apple Inc. (AAPL). Browett, who has led the high-street store chain since 2007, will step down from the board on Feb. 20 and leave the company on April 20. He will then... More...>> |
| 01/31/2012 | 3:00AM | DJN | Dixons Shakes Up Management As CEO Quits
Dixons Retail PLC (DXNS.LN) said Tuesday its Chief Executive John Browett has resigned to join Apple Inc. (AAPL), as the U.K-based electrical retailer shakes up its top management. Browett, who will step down from the board on Feb. 20 and leave the company on April 20, will take up the role of Senior Vice President of... More...>> |
| 11/07/2011 | 11:13AM | DJN | 3rd UPDATE: Best Buy Takes Carphone Stake In US Mobile Venture
Best Buy Co. (BBY) agreed to buy out Carphone Warehouse PLC's (CPW.LN) share in its U.S. and Canadian mobile business for $1.3 billion, betting smartphones, tablets and other connected devices will drive its growth. The deal signals Best Buy is confident enough to go-it alone selling mobile devices on its home turf. Such... More...>> |
| 08/09/2011 | 9:13AM | DJN | UPDATE: U.K. Riots Add More Gloom To Retail Woe
--U.K. retailers come under more pressure as three days of riots and looting cause widespread damage on the high street --British Retail Consortium calls for reassurances that police and fire services are equipped and authorized to deal with rioters effectively --Some damaged smaller stores won't reopen, although large... More...>> |
| 08/09/2011 | 8:07AM | DJN | U.K. Riots Add More Gloom To Retail Woe
Retailers, already under pressure from the consumer downturn, face mounting costs after a third night of rioting and looting caused extensive damage across London and several other major U.K. cities. The riots, ignominious for the stark images of burning buildings and looters queueing to try on stolen trainers, have escalated... More...>> |
| 07/29/2011 | 10:02AM | DJN | DEALWATCH:Comet Buyer Pool Shrinks As Kesa Adamant Buyer Keeps Chain
Kesa Electricals PLC (KESA.LN) won't consider selling its struggling U.K. electricals chain Comet to anyone who would place it into administration, shrinking the pool of potential acquirers that likely includes several specialist liquidators. The company last month said it is considering all options, including a sale of... More...>> |
| 07/07/2011 | 9:37AM | DJN | UPDATE: Major Companies Cut Ties With News Of The World
The Royal British Legion, Telefonica SA's (TEF) U.K. business O2, Wal-Mart Inc.'s (WMT) supermarket chain Asda Group Ltd., Boots, npower, Dixons Retail PLC (DXNS.LN) and J Sainsbury PLC (SBRY.LN) Thursday joined a growing list of companies cutting ties with News Corp.'s (NWS) U.K. tabloid newspaper News of the World following... More...>> |
| 06/30/2011 | 9:07AM | DJN | Dixons Retail: Pixmania To Develop Multichannel Website For Carrefour
Dixons Retail PLC (DXNS.LN), a electrical retailing and services company, Thursday said its unit Pixmania has signed an agreement with Carrefour (CA.FR) to develop its non-food internet offer. MAIN FACTS: -Under this agreement, Pixmania, a multi-specialist retailer, will deliver a multichannel website in a number of European... More...>> |
| 06/22/2011 | 12:13PM | DJN | 2nd UPDATE: Philips Warns On Profit As Consumers Shun Electricals
Royal Philips Electronics NV (PHIA.AE) Wednesday warned that second-quarter profit at two of its three business units would come in much lower than expected, underscoring the depth of the slump in demand for electrical products across Europe. Philips, whose products include medical scanners, shavers, kettles and lighting... More...>> |
| 06/22/2011 | 10:31AM | DJN | UPDATE: Philips Warns On Profit As Consumers Shun Electricals
Royal Philips Electronics NV (PHIA.AE) Wednesday warned that second-quarter profit at two of its three business units would come in much lower than expected, underscoring the depth of the slump in demand for electrical products across Europe. Philips, whose products include medical scanners, shavers, kettles and lighting... More...>> |
| 06/22/2011 | 7:12AM | DJN | UPDATE: Electrical Retail Faces Shake Up As Kesa Considers Comet Sale
The U.K. electrical retail sector is facing a major shake-up in the next few months as two retail chains mired in a prolonged slump in consumer electricals sales consider their high street futures. European electricals retailer Kesa Electricals PLC (KESA.LN) said Wednesday it is considering a sale or joint venture of its... More...>> |
| 06/15/2011 | 6:44AM | DJN | Non-Food Sales Split UK Supermarket Fortunes Amid Gloomy Outlook
The fight for a share of ever-dwindling consumer disposable income in the U.K. was thrown into sharp relief Wednesday after two of the country's major supermarkets reported diverging first quarter fortunes, but the outlook for all remains gloomy. U.K. consumer spending is being squeezed by high fuel and commodity inflation... More...>> |
| 06/14/2011 | 7:50AM | DJN | 2nd UPDATE: Carphone Delays UK Update; Earnings At Top End
Mobile phone retailer Carphone Warehouse Group PLC (CPW.LN) on Tuesday held off on a keenly awaited strategy update for its loss-making U.K. electronics store venture with Best Buy Inc. (BBY), as it reported group full year earnings at the top end of its guidance. Carphone's foray into retail consumer electronics has been... More...>> |
| 06/14/2011 | 6:53AM | DJN | UPDATE: Carphone Delays UK Update; Earnings At Top End
Mobile phone retailer Carphone Warehouse Group PLC (CPW.LN) on Tuesday held off on a keenly awaited strategy update for its loss-making U.K. electronics store venture with Best Buy Inc. (BBY), as it reported group full year earnings at the top end of its guided range. Carphone's foray into retail consumer electronics has... More...>> |
| 06/14/2011 | 6:46AM | DJN | CORRECT: Carphone Mulling UK Options; Earnings At Top End
Mobile phone retailer Carphone Warehouse Group PLC (CPW.LN) is considering the options for its loss-making electronics store start-up as it reported full year earnings at the top-end of its guided range Tuesday. Carphone's much-hyped foray into consumer electronics retail has been stymied by the economic downturn and falling... More...>> |
| 06/14/2011 | 2:32AM | DJN | Carphone Mulling UK Options; Earnings At Top End
Mobile phone retailer Carphone Warehouse Group PLC (CPW.LN) is considering the options for its loss-making electronics store start-up as it reported full year earnings at the top-end of its guided range Tuesday. Carphone's much-hyped foray into consumer electronics retail has been stymied by the economic downturn and falling... More...>> |
| 05/11/2011 | 10:56AM | DJN | Easter Divides Retailers But Outlook Remains Gloomy
The late Easter bank holiday fillip has exposed a widening divide between retailers who benefited from the warm festivities and those that didn't, but as the revised U.K. economic growth figures Wednesday attest, the entire high street is in for a difficult year. The Bank of England Wednesday revised its 2011 inflation... More...>> |
| 04/06/2011 | 9:35AM | DJN | UK Retailers To Get Scant Relief If Interest Rate Capped
Gloomy trading from U.K. retailers in recent weeks has highlighted the sector's weakness and the fragility of consumer spending. With an increasingly downbeat outlook, any further pressure on disposable income, including an interest rate rise, would be another unwelcome squeeze on consumers. The Bank of England is expected... More...>> |
