Sainsbury’s wins Argos: Is there a sting in the tail?
So Sainsbury’s is the winner in the race to buy Argos, although whether it will end up a winner is open to question.
Argos says “get a move on” to suitors as it prepares for mega sale
“Get a move on” was the message from Argos chief John Walden yesterday as potential buyers of the business J Sainsbury and Steinhoff continued to do… well, not a lot, ahead of what could be a bumper payday for HRG shareholders next Friday. Actually, that’s not true. The two retail giants who want to buy…
Need to know: Moncler’s hot… Samsonite bags Tumi… Zara goes eco… & Whistles for sale?
Moncler is hot, even when the weather’s wrong My favourite puffer jacket brand Moncler is going from strength-to-strength. Pre-tax profit was €300m last year and currency-neutral revenue rose 19%, although sales growth did slow as the weather stayed warm at year-end. Sales at the brand’s own stores surged 33%. So it’s no surprise that the firm…
Sainsbury’s set to buy Argos for £1.3bn?
OK, this is big news. That’s B.I.G. Sainsbury’s is just about there with its plan to buy Home Retail Group (HRG) – or Argos as we should now call it since HRG has already reached a deal to sell the Homebase chain to Wesfarmers. The “possible” deal doesn’t quite hit the £1.4bn HRG wanted but…
Will Sainsbury’s buy Argos and Homebase for a cool £1bn?
How much is the owner of Argos and Homebase worth? Around £1bn maybe. It turns out Home Retail Group rejected an unspecified offer from Sainsbury’s late last year and when that news was announced this morning, the shares surged to value it at a cool £1bn. So £1bn it is then. Sainsbury’s, which actually used to own…
Black Friday is dead, long live Black Friday!
I promised I wouldn’t mention Black Friday again until solid stats came through next week. But with new info coming fast, I’ve relented. There are several points I’m finding interesting about it in the UK and they’re quite contradictory – just as it becomes the most popular shopping day for bargain-hunting Brits, it’s also becoming obsolete. Confused?
Black Friday: UK to splurge £2bn, e-tail to surge
It’s going to be a big day Friday. Yes, it’s my birthday. Ok, that might not impress you. But how about the fact that shoppers in Britain are set to spend nearly £2bn in a single day. That’s more like it.
TRENDWALK.net 