Matalan asks banks to loosen covenants
 
Mon, 23rd January 2012
 
 

Matalan asks banks to loosen covenants

23 January, 2012 | By

Matalan has asked its banks to loosen its covenants on debt incurred in 2010.

 
 
category Retail  |  source Retail Week News
 
   
 
 
 
 
Tue, 22nd May 2012
Inflation falls to lowest level in two years
CPI inflation dropped to 3% in April against 3.5% in March, hitting the lowest level since February 2010, as the timing of Easter had a significant impact on the data.

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Tue, 22nd May 2012
Flying Brands sales plunge as its search for a buyer continues
Flying Brands sales plummeted 35% in the three months to March 31 as it continues talks to sell the business.

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Tue, 22nd May 2012
Tesco and Morrisons lose share in competitve market
Tesco and Morrisons continued to feel the pressure in a fiercely competitive grocery market and agaisnt tough like-for-likes in the last month.

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Tue, 22nd May 2012
Tesco and Morrisons lose market share in competitve market
Tesco and Morrisons continued to feel the pressure in a fiercely competitive grocery market and agaisnt tough like-for-likes in the last month.

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Tue, 22nd May 2012
Comment: An appy business
The phrase, 'there's an app for that' has never rung more true. It seems as though everyone has an app, but the real question is, are they getting the most out of it? By Paul Sanders

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Tue, 22nd May 2012
Marks & Spencer sees fall in annual profits
Marks & Spencer has reported a 15.7% decline in annual pre-tax profit, which it attributed to a "challenging economic environment".

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Tue, 22nd May 2012
UK inflation falls to 3% in April
The UK consumer prices index fell to 3% in April according to figures released by the Office for National Statistics.

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Tue, 22nd May 2012
Oddbins launches wine tasting competition
Oddbins, the independent high street wine retailer, has launched "The Palette" competition to find the UK's best amateur wine taster.

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Tue, 22nd May 2012
JML appoints Ken Daly as chief executive
JML has appointed Ken Daly as its chief executive. Daly has been group managing director of the TV shopping and consumer product brand since 2007.

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Tue, 22nd May 2012
Gucci wins trademark infringement battle against Guess
Luxury label Gucci has won $4.7m (£3.0m) of damages after US denim brand Guess was found to be imitating Gucci trademarks.

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Tue, 22nd May 2012
Jaeger puts 80 more jobs under consultation
Rescued fashion retailer Jaeger has extended its consultation to include another 80 jobs on top of the 25 head office roles already under threat.

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Tue, 22nd May 2012
Aldi and Lidl branded 'irritants' to major grocers
Aldi and Lidl have been described as considerable irritants to their major grocery rivals as the discounters continue to perform well.

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Tue, 22nd May 2012
Tesco chief executive declines £372,00 bonus
Tesco's chief executive Philip Clarke has declined a bonus of £372,000 due to the group's poor performance in the UK market.

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Tue, 22nd May 2012
Barclaycard launches survey on data security compliance
Barclaycard has launched an online survey to understand the views of small businesses and the impact that compliance with the Payment Card Industry Data Security Standard (PCI DSS) has on their business.

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Tue, 22nd May 2012
Tesco chief executive Clarke forfeits bonus
Tesco chief executive Philip Clarke has declined his annual bonus after the grocers poor performance in the UK.

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Tue, 22nd May 2012
M&S presses button on new phase of store revamps as profits fall
Marks & Spencer has reported a fall in full-year profit but said strategic progress is being made and that remodelled stores are outperforming the rest of its estate.

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Tue, 22nd May 2012
Debenhams kick starts summer discounting season
Debenhams has started its summer discounting season by launching £200 million worth of reductions in its stores and online.

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Tue, 22nd May 2012
Ocado to expand free-from range
Ocado is to double the size of its 'free-from' range after introducing a dedicated 'free-from' online shop on its website.

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Tue, 22nd May 2012
Ocado to expand free-from range
Online grocer Ocado is to double the size of its free-from range after introducing a dedicated 'free-from' web shop.

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Tue, 22nd May 2012
Hand & Lock appoints new creative director
Hand & Lock, the heritage embroidery design brand, has appointed Gregor Clemens as its new creative director. Clemens joins the company from fashion brand, Lac Et Mel, where he was head of design.

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