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Allied Carpet Properties in administration and 51 shops sold to retail arm

Allied Carpet Properties has been placed into administration, and 51 of its stores have been immediately sold to Allied Carpets Retail.

Carpetright eyes Allied Carpets hidden gem insurance business

Carpetright is in talks to acquire all or parts of the Allied Carpets Inspections business as it makes a play for the insurance market.

Administration looms for Allied Carpets division

Allied Carpets Properties, a subsidiary of the carpets retailer, has filed notice of intention to appoint an administrator. BDO Stoy Hayward is understood to have been lined up for the role.

Allied Carpets to cut jobs as some stores prepare to close

Allied Carpets is to slash hundreds of jobs as early as next week as the retailer starts to close stores, according to reports.

Former MFI and Woolworths chiefs drafted in to Allied Carpets

The former bosses of collapsed retailers Woolworths and MFI have been parachuted in to help turn around embattled Allied Carpets, which was bought out of pre-pack administration last week.

Allied Carpets administrator closes 142 shops

The administrators of Allied Carpets have closed 142 shops after struggling to offload the portfolio as a going concern.

Retail helps stem British Land losses

Losses at shopping centre and retail park owner British Land have been stemmed in its first quarter, helped by a robust performance by its retail assets.

New chair for Robert Dyas as debt deal nears

Hardware retailer Robert Dyas has lined up former Kingfisher director Geoff Brady as chairman and is concluding a debt-for-equity swap as it refocuses on trading following financial restructuring.

M&S pre-let kickstarts Tunbridge Wells development

LxB's 50,000 sq ft deal with Marks & Spencer has allowed it to start one of the few out-of-town retail developments that are likely to go ahead in the current market.By Graham Parker, property editor

Retail round up - The Sunday papers

DSG to review Italian and Spanish chains, Wilkinson family plans expansion, Gap axes European design team, Bank of England to slash forecast and warn of recession, Wedding list firm Wrapit probed, It's worse than we thought, admits CBI, Allied Carpets losses widen....

Editor's view: like-for-like isn't the end of the story

Like-for-like sales figures are always seen as one of the key numbers in a retailer's balance sheet. As a measure that can be benchmarked against a known quantity, it is easy to see why. But as changing trends accelerate during the recession, like-for-like figures tell less and less of the full story. By Matthew Valentine, Editor

Mixed fortunes for John Lewis, but Waitrose prospers

A week of two halves resulted in satisfactory results for John Lewis but the department store chains overall sales remain down on last year.

Retail companies rank highly in The Sunday Times Best Companies survey

Retailers Bravissimo, Beaverbrooks, Net-a-Porter, White Stuff, DRL, Pets at Home and Lush have been named in The Sunday Times list of the 100 Best Companies To Work For.

Retail round up - The Sunday papers

Sainsbury's appoints David Tyler as chairman, JJB investor welcomes OFT inquiry into deals with Sports Direct, Robert Dyas debt-for-equity swap gives lenders Allied Irish and Lloyds Banking Group majority stake,Disney's A Christmas Carol will be theme for London's Christmas lights, George Davies, founder of Next, to open 25 new clothing stores, Mania for British tennis champion Andy Murray could be worth £405m, GMAC Woolies' lender puts UK book up for sale, Next, Debenhams and Kingfisher all due to announce a profitable year, John Lewis looks to stores to boost internet sales, Co-op accused of demanding 'unreasonable' terms from farmers...

Refinancing repesents new beginning for Robert Dyas

Hardware retailer Robert Dyas has launched a 100-day invigoration programme after striking a refinancing deal.

Durex India data breach - they should have used protection says Imperva

Reports that a Web site selling Durex condoms in India has suffered a data breach - with customers details being publicly available on the Internet - appears to be the result of business logic flaws.

New chairman for Threshers owner

First Quench Retailing, the owner of off licence chain Threshers, has appointed a new chairman.

Robert Dyas plunges into red with £10m loss

Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.

Leading record companies lend backing to HMV

The chiefs of seven leading record companies have come out in support of HMV, saying that they are continuing to supply the retailer as normal and praising the unique role it plays in supporting the music industry in the UK.

BT Retail Week Technology Awards shortlist revealed

The 60-strong shortlist for this years BT Retail Week Technology Awards has been announced.

Baugur to relocate to UK

Jsgeir Jnesson to head up UK arm following following the conclusion of the State vs. Baugur Group case on June 5.

Retailer critical list grows

Retailers are set to face further distress in 2009 after the number of companies facing bankruptcy soared 81 per cent in the final quarter of 2008, according to a survey.

Tesco pushes music companies to renegotiate CD deals

Tesco is to demand that music companies to accept minimal upfront payments for the CDs they ship to the retailer in a deal that will test how record labels bargaining power has diminished alongside shoppers interest in CDs.

Carpetright profits tumble 72 per cent

Carpetright?s group pre-tax profit has slumped 72 per cent to £16.7m in the 52 weeks to May 2, 2009 as the domestic performance pulled down the group.

New survey raises serious concerns about the effectiveness of disaster recovery plans

Although almost all UK companies back up their critical IT systems and data, more than a quarter of them still do not have a disaster recovery plan in place.

Companies need to re-evaluate online customer service channels to meet EU directives

Companies with consumer facing websites may need to re-evaluate their existing online service systems in order to provide fast, efficient responses to customer enquiries.

Three retailers sign for space at Wood Green

Two retailers including a new anchor tenant have signed for space at The Mall Wood Green in north London, while a third is moving to larger premises in the scheme.

Supermarkets under fire over suppliers accused of illegal rainforest destruction

The big four supermarkets are being accused of sourcing from Brazilian farms responsible for illegal deforestation.

Best Buy bolsters UK team with ex-Kingfisher man Kevin Styles

Electricals giant Best Buy has strengthened its UK team as it prepares to take on DSGi and Kesa when it launches here next year.

Sales set to fall further in August

Retail sales fell for the third consecutive month in the year to July, with little respite forecast by retailers for August, according to the CBIs Distributive Trades Survey.