All Retail Week UAT articles in December 10 2010 – Page 4
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News
25 Aldi Hellas stores to close
Following its decision to withdraw from the Greek market after just two years of operations, hard discount retailer Aldi Süd is to close the first 25 of its 38 Aldi Hellas stores by the end of December.From November until February next year, more than 500 employees will lose their jobs. ...
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NewsDebenhams and Tesco top JP Morgan’s 2011 picks
Department store group Debenhams and leading grocer Tesco feature on broker JP Morgan Cazenove’s list of top stock picks for 2011, while fashion giant Next and supermarket group Sainsbury’s should be avoided.
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News
Ikea United Arab Emirates flagship to open in 2012
Ikea’s United Arab Emirates flagship at Yas Marina is set to open in February 2012 and management expects to welcome 1.3 million visitors in the first year, it has been reported. The 355,220 sq ft store is more than three times the size of the Abu Dhabi Marina Mall store ...
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NewsJohn Lewis sales up 8% as snow begins to clear
Department store John Lewis sales grew 8% in the four days to the end of Wednesday December 8.
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NewsTesco hit with complaints over voucher redemption
Tesco has been swamped with complaints over the way it has handled its Big Christmas Exchange Voucher campaign redemption.
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NewsPark Group returns to profit as half year sales soar 49%
Voucher and Christmas savings specialists Park Group returned to profit and experienced a 49% jump in half-year sales as its corporate and Christmas savings businesses soared.
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NewsMoss Bros confident as like-for-likes rise
Like-for-like sales at menswear group Moss Bros rose by 8.3% in the 18 weeks to December 4.
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NewsMasterCard admits cyber-attack service disruption, Visa also targeted
MasterCard has acknowledged interruption of its payment services after it was hacked yesterday, while Visa became the latest payment service to be attacked by cyber-raiders overnight.
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NewsMulberry interim profits soar
Luxury brand and retailer Mulberry has posted a 207% surge in first-half pre-tax profits to £4.7m on sales up 38% and full year earnings are expected to beat market expectations.
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NewsHMV like-for-likes slump 16%, and losses at the group widen
HMV UK & Ireland like-for-like sales for the 26 weeks to October 23 have slumped 16.1%, and losses have widened across the group.
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NewsMothercare doubles international sales target to £1bn by 2014
Maternity specialist Mothercare has revealed ambitious new international targets as it shows off its Indian business to investors.
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NewsHackers say Amazon targeted this afternoon in WikiLeaks row
Pro-WikiLeaks hackers have said that they are launching a cyber-attack on Amazon.com this afternoon because of the etailer’s refusal to host the whistleblower website on its servers.
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NewsPayment disruption fears as Mastercard targeted by hackers over WikiLeaks stance
Mastercard payments may have been affected after its website was hacked earlier today.
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GalleryThe Conran Shop, London
At this time of year for retailers there is only one objective: sell, sell, sell (at an appropriate margin naturally), while for shoppers it’s a case of buy, buy, buy (at the lowest possible mark-up, of course).
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Opinion
Merry cross-channel Christmas
Many UK retailers are into what will be their first peak trading period delivering true cross-channel services. And by the end of January we should have a better idea of what difference these investments in customer choice have made to their trading.
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NewsComet suffers widening losses
Losses at electrical chain Comet widened in its first half when toughening trading conditions and spending on store refits and rebranding took a toll.
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NewsShop price inflation dips in November as retailers ramp up promotions
Overall shop price inflation fell to 2% in November from 2.2% in October, outlining that retailers are running discounts and promotions in the highly competitive run up to Christmas.
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NewsGame cautious as like-for-likes drop
Game UK & Ireland like-for-likes slumped 12.2% while total sales dropped 14.7% in the 44 weeks to December 4.