All Retail Week UAT articles in December 11, 2009 – Page 3
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NewsElton John AIDS Foundation to open a pop-up shop
The Elton John AIDS Foundation will open a pop-up shop called Out the Closet in Covent Garden tomorrow.
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NewsWaitrose online forum to offer festive aid
Waitrose has launched an online forum to help shoppers cope with festive Christmas catering worries.
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NewsChristmas sales activity picks up
Retailers are cautiously optimistic in the run-up to Christmas although a later than usual rush is likely after disappointing November sales.
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AnalysisWhy reviews aren’t just about pay
Staff reviews shouldn’t stop because wages have been frozen. Sara McCorquodale explains why.
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News
90-minute retail delivery service launches online
Ecommerce technology platform firm Shutl has launched a service designed to slash delivery times for online shoppers.
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News
Cencosud plans to invest $700m in five South American countries
Cencosud plans to invest $700m in five South American countries as part of its 2010 growth plan.The investment will be distributed among projects Cencosud has in Argentina, Brazil, Chile, Colombia and Peru, according to president Horst Paulmann.Details of how the investment will be distributed among the five countries have yet ...
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Grupo Pão de Açúcar acquires 51% stake in Casas Bahia
Casino-owned Grupo Pão de Açúcar has acquired a 51% stake in electricals chain Casas Bahia, a rival to its Ponto Frio fascia.Casas Bahia operates 513 stores in Brazil and focuses strongly on white goods, furniture and electronics.The existing shareholders of Casas Bahia will retain a 49% stake in the retailer.As ...
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NewsPhones 4U accelerates store refit programme
Mobile phone retailer Phones 4U plans to ramp up its store refits in the new year with the aim of completing the whole chain by the middle of 2010.
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Metcash posts a 36.5% rise in first-half profit
Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition.“The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business pillars,” ...
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Delhaize Group reveals plans to cut operating costs by €300m
Delhaize Group has revealed plans to cut operating costs by €300m (£267m) by 2012 and intends to introduce a more price competitive strategy from 2010 across all its fascias.The Belgium-based group intends to cut operating costs through fascia-specific initiatives and by increasing shared services across the group.Delhaize is also ...
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Revenue at pharmacy operator Nepstar declines 9.3%
Revenue at pharmacy operator Nepstar declined 9.3% in the third quarter to Yn556m (£495m), while net income remained stable at Yn7m (£33m).Nepstar chief finance officer William Dai said: “Our ability to consistently generate strong free cash flow demonstrates that our financial health has strengthened throughout the economic recovery and paves ...
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NewsUS fashion giant Forever 21 in Westfield Stratford store talks
US fashion giant Forever 21 is on the verge of signing its first deal for a UK store in Westfield Stratford as it unveils its intentions to build a major European presence.
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AnalysisNeed to know: World Cup 2010
Next year’s football World Cup will be a huge opportunity for UK retailers. Here, we outline who stands to benefit the most and how to cash in on it.
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OpinionRetail surgery: The 2010 business rates revaluation
What is the 2010 business rates revaluation and how will the amount we pay be affected?
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NewsPaperchase eyes 200 stores despite Borders collapse
Paperchase has insisted it will remain largely unaffected by the administration of Borders UK despite operating 38 concessions in the collapsed chain.
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Colruyt Group increases revenue by 7.1%
Grocer Colruyt Group increased revenue by 7.1% to €3.32bn (£2.95bn) in the first six months of its 2009-10 financial year.Operating profit climbed 7.8% to €229m (£204m), resulting in a stable EBIT margin.Profit margins were affected by increased labour costs resulting from wage inflation.The Colruyt fascia achieved revenue growth of 6.6%, ...
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NewsAdili sales fall below expectations
Ethical etailer Adili said sales have been below expectations since its fundraising in August.
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NewsJohn Lewis sales continue to grow as it heads for record week online
John Lewis has revealed that sales in the week so far have continued to rise as shoppers flock to the department store in the run-up to Christmas.
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OpinionEBay: fashion friend or foe?
EBay’s fixed price business has overtaken the auction part of the business on which it built its foundations. But talk to the luxury sector and eBay is still a dirty word.
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NewsKeith Jones appointed as new JJB Sports chief executive
DSGi’s group retail director Keith Jones has been appointed as JJB’s new chief executive.