British Retail Consortium believes 0.50% cut is 'the kind of decisive action needed in the current financial turbulence'. 

It was announced today that a buyer had been found for 12 of Joy's 28 retail stores. And it appears that of the two brands, Joy and cookshop brand Hob, it may be that Hob is the one to survive. Read more... 

Expansion of non-food arm steps up supermarket’s challenge and takes it head to head with Tesco and Argos. 

It was bad news for department store group British Home Stores this morning, as it reported a drop of 34% in annual profits. However, Home was one of its star departments. 

MFI's retail and property divisions were placed into administration yesterday after chief exec Gary Favell completed an MBO which saved 106 stores. 

Following a review of the business, DIY chain calls staff to attend store meetings to hear details of redundancies. 

MFI is to place between 90 and 100 of its 192 stores into administration this week, according to reports over the weekend, with a loss of more than 1,000 jobs. While Magnet Kitchens has informed its suppliers that they must accept a 5% reduction on all prices from this month on. Read more... 

Members to benefit as rates for used cars and vans are brought in line with new vehicles. 

Annual Which? Gardening report reveals some leading flower and vegetable seed brands are still 'not up to scratch'. 

Decco has confirmed its support for the Rainy Day Trust (RDT) by again sponsoring the raffle at the DIY Charity Gala Dinner, held in aid of the industry charity. 

John Lewis has blamed the deepening credit crisis, or rather the coverage it is getting in the media, combined with unseasonably sunny weather for an 8.3% fall in sales for the week ending September 26. 

The Scotts Miracle-Gro Company has announced the purchase of Humax for an undisclosed sum. 

Notcutts has been revealed as the buyer for the six NWF garden centres which were put up for sale in August this year. 

The Nantwich centre is to be demolished, it has been announced, to make way for a brand new, improved multi-million pound centre. 

Garden timber manufacturer Hillhout has merged with Dutch brand Gouderak BV, creating one of the largest garden timber firms in Europe. 

One million UK workers to benefit from the hourly rise, which is effective from today. 

DIY chain becomes first UK retailer to offer nationally recognised Home Improvement Qualification. 

The management team of Crown Paints has today completed its buyout of the business from parent company Akzo Nobel. 

City broker Investec has cut its pre-tax forecasts for B&Q parent Kingfisher by 2% for the current year, and by 9% for the next. 

Ikea has recalled a chest of drawers after a design fault left a user injured.