All General merchandise articles – Page 152
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News
Walmart announces plans to enter cash and carry market
Walmart has announced plans to enter the cash and carry business with the launch of membership fascia Central Mayorista.The first store, boasting a sales area of 37,700 sq ft, is scheduled to open in Puente Alto, Santiago, in the first quarter of next year.Central Mayorista will be aimed at retailers, ...
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NewsHamleys profits advance after global drive
Pre-tax profits at iconic toy retailer Hamleys soared 283% to £2.3m last year, driven by sales growth at its newly refurbished Regent Street flagship and expansion of its international franchise operations.
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NewsRyman and Boux Avenue make TV ad debuts
Ryman Stationery and Boux Avenue, owned by retail tycoon and Dragons’ Den star Theo Paphitis, are both making their TV debuts this week to drive Christmas shoppers in-store and online.
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AnalysisAnalysis: B&M Bargains deal sets foundations for European growth
Private equity firm Clayton Dubilier & Rice yesterday revealed its estimated £965m investment in value retailer B&M Bargains as well as Sir Terry Leahy’s appointment as non-executive chairman. Retail Week speaks to co-managing director Simon Arora and analyses the implications of the deal.
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AnalysisSir Terry Leahy: Career highlights
Sir Terry Leahy is to take on the role of chairman at value retailer B&M Bargains, his first retail role since stepping down from Tesco. Having spent all his retail career at Tesco, here are his career highlights.
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NewsRetail like-for-likes edge up 0.4% in November
UK retail like-for-likes edged up 0.4% year on year in November signalling a nervous wait for retailers ahead of Christmas.
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NewsB&M Bargains sold to US private equity firm as Terry Leahy named chairman
B&M Bargains has been sold to US private equity firm Clayton Dubilier & Rice, which is set to appoint former Tesco boss Sir Terry Leahy as chairman of the value retailer.
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NewsMothercare to roll out in-store cafe format
Mothercare is to roll out its new store format and launch cafés in a further 20 stores.
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AnalysisCampaign of the week: Argos, I Can Shop From Here
Argos declared its intention to move away from its traditional catalogue heritage last month and instead focus on multichannel.
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News
Poundland extends food offer
Variety single-price retailer Poundland has extended its food offer by adding 100 new grocery lines, increasing competition for the grocers.
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NewsNovember retail sales jump to highest level since June
November retail sales rose at their fastest pace since June this year, data from the CBI Distributive Trades Survey shows.
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News
Walmart takes action over corruption probe
Walmart has suspended several associates of its joint venture company Bharti Walmart as part of an ongoing corruption probe.Walmart has not disclosed the nature of its inquiry or the specific allegations it is looking into.
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NewsPoundworld profits tumble as it invests in stores
Value retailer Poundworld’s pre-tax profit slumped 28% to £2.8m last year as as it invested in new stores and distribution.
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NewsSecond round bids for B&M Bargains expected next week
Second round bids for value retailer B&M Bargains are expected by the end of next week, it is understood.
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News
Target reveals US retail sales increase
General merchandise retailer Target revealed that US retail sales rose 3.4% to $16.6bn (£10.43bn) for the third quarter ended October 27.The increase was attributed to a 2.9% lift in like-for-likes as well as the contribution from new stores. Like-for-like increases were driven by a strong back-to-school season, gains in food ...
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NewsM&S appoints supply chain director as Darrell Stein splits role
Marks & Spencer has appointed a dedicated director to oversee the ongoing overhaul of its supply chain, a central plank of chief executive Marc Bolland’s improvement strategy.
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AnalysisMothercare: What the analysts say
Maternity and baby specialist Mothercare revealed it slashed its underlying UK loss to £17m in its first half, as it revealed it has made “good progress” on its turnaround strategy.
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NewsHalfords ramps up accessories category to rival specialists
Halfords has signed a series of top name brands to relaunch its cycle parts, accessories and clothing category next year as it seeks to take on its specialist competitors.
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NewsHalfords ramps up offer as profits fall 23.4%
Car parts and cycle specialist Halfords is ramping up its product offer and multichannel initiatives, as profits plunged 23.4% to £41.9m for the 26 weeks to September 28.
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NewsCountrywide secures £26m of funding
Rural products retailer Countrywide has secured £26m to support organic growth, a store refit programme and potential acquisitions.