The long serving MD has been planning his retirement for some time, and, says the company, the timing of his departure is entirely unrelated to the 58% fall in profits announced earlier this month. 

Anonymous tip-off reveals staff are shocked by news of 160 redundancies as consultation period begins at DIY retail chain. 

Tesco has made an aggressive move into the fitted kitchen market by revealing a ready to install set for under £1000.
 

Garden and bathroom improvements top the bill as favourites to add value to homes during credit crunch. 

DIY retailer launches new scheme to help buyers furnish their homes to help reduce ‘additional moving-in costs’. 

Sainsbury's has, as the financial market widely predicted, announced pre-tax profits were up 13.3% to £272m. The supermarket now plans to increase the availability of its new 2,000-strong homeware line 'TU Home' launched in April this year. 

Non-executive director passes away after 50 years with the company. 

Like-for-like UK retail sales values fell 2.2% in October compared with 2007 and total sales were lower than a year ago for the first time since April 2005 according to the latest figures from the BRC-KPMG Retail Sales Monitor. 

Draper Tools have won 'Overall Supplier of the Year' to the THS Group for the third year in a row. 

Henkel has seen its third quarter net profits fall by a dramatic 58% despite an average organic sales growth of 3.5% across all its businesses. 

Cutlery and giftware supplier’s trade division up 20% on same period last year. 

DIY giant the latest in a line of retailers to announce redundancies in a bid to mitigate a sharp decline in like-for-like sales this year. 

Top sporting tickets among the star lots due to be auctioned at the 2009 DIY Gala Dinner in aid of the Rainy Day Trust. 

Historic English tableware company Royal Worcester & Spode has today gone into administration. 

Creditors left out of pocket by the demise of wedding list company Wrapit are unlikely to see a penny according to the ‘Statement of administrators’ proposals’. 

Retailer to invest more than £20m in flagship store, ten years after its opening. 

It seems that while it's bad news for the economy in general, DIY and gardening as a sector may be better equipped to weather the storm than others. 

Girls from Johnsons Lawn Seed pose for calendar to raise money for local charity. 

But board assures shareholders that interim dividend will not be cut. 

Debenhams made the unexpected announcement today that its managing director Angela Spindler would leave the company at the end of this month after just nine months in the role.