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Home & DIY
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Argos forced to pay £2.4 million back to underpayed employees

Thursday 16 February 2017 - Posted by Ben Stevens

A £1.5 million fine has been handed to Argos, alongside a £2.4 million repayment bill, after it was found to have paid staff less than the minimum wage. Following a report naming and shaming retailers who were in breach of minimum wage laws, HMRC has issued a penalty fine to t...

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B&Q to debut small-format store in north London

Monday 13 February 2017 - Posted by Elias Jahshan

Home and DIY retailer B&Q is set to debut its small-format store on the high street at the beginning of March when it opens on Holloway Road, north London. With the “home improver” as its target consumer group, the stripped-back version of B&Q will feature tools and hardware, ...

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Advent sells stake in DFS for £58.5m

Friday 10 February 2017 - Posted by Elias Jahshan

Private equity firm Advent International has finalised the disposal of its stake in homewares retailer DFS in a $58.5 million deal. Advent relinquished its stake through the selling of 25.7 million existing ordinary shares to institutional investors at a price of £2.28 per sha...

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Asda, DFS, Harrods beat other retailers in Certified Top Employers list

Friday 10 February 2017 - Posted by Elias Jahshan

Asda, DFS and Harrods have all just been recognised as three of the UK’s top 78 employers on the Top Employers Institute’s annual list of Certified Top Employers. The three companies are the only retailers to have been honoured with the international accolade, announced by the...

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DFS reports solid sales amid warnings of market slowdown

Thursday 09 February 2017 - Posted by Ben Stevens

DFS has posted strong figures in the first half of the year, but warns of an “increased risk” of a market slowdown. In its 26 week period to January 28, gross sales rose by seven per cent, boosted by its Dwell and Sofa Workshop subsidiaries. "We recognise that in 2017 the reta...

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Price rises at Dunelm to go ahead after "softer" than usual trading update

Wednesday 08 February 2017 - Posted by Elias Jahshan

Dunelm has blamed a “weaker market” for its “slightly softer” trading update, and said price hikes are inevitable as it works to maintain profit margins in the wake of the collapsed sterling. The homeware retailer said in its interim financial report for the 26 weeks to Decemb...

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Bunnings improves employees' contracts since taking over Homebase

Monday 06 February 2017 - Posted by Elias Jahshan

Bunnings Warehouse has axed zero hour contracts for its British staff, as the Australian DIY chain opened its first branded store in the UK over the weekend. Bunnings has also introduced the national living wage for all workers older than 18 years of age, rather than the gover...

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Bunnings Warehouse opens first UK store in Hertfordshire

Thursday 02 February 2017 - Posted by Elias Jahshan

Australian home and DIY retailer Bunnings Warehouse has opened its first UK store in Hertfordshire, with the 67,000sq ft shop replacing one of St Albans' previous Homebase stores. The opening of Bunnings is part of a £500 million investment plan by parent company Wesfarmers, w...

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Carpetright welcomes return in sales growth

Tuesday 31 January 2017 - Posted by Elias Jahshan

British carpet and floor coverings retailer Carpetright has welcomed a return in like-for-like sales growth in its third quarter, boosted by a store renovation programme. In its UK market, like-for-like sales for the 13 week period to January was up by 1.9 per cent, while its ...

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Sainsbury's Habitat returning to Leeds with new mini store

Thursday 26 January 2017 - Posted by Elias Jahshan

Furniture retailer Habitat is returning to Leeds with the opening of its first stand-alone mini store this weekend as part of a trial in regional touchpoints around the UK. Taking up 2000sq ft, the Mini Habitat store will include an edit of over 600 products across furniture, ...