All General merchandise articles – Page 163
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News
Seven & I to set up two holding companies
Convenience store operator Seven & I is to set up two holding companies to accelerate decision-making and new store openings.The subsidiaries are to be established by the end of the year and will be in charge of overseeing the convenience and supermarket operations.
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AnalysisIrish property market: Slow road to recovery
The property crash in Ireland has been followed by some recovery, but retailers believe that rental values are still too high and further improvements are being stalled.
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NewsArgos extends Shutl speedy delivery outside of London
Argos has launched its speedy delivery service outside of London.
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AnalysisIn numbers: Where Poundstretcher sits in the value market
As former Peacocks chief executive Richard Kirk joins Poundstretcher, Retail Week takes a look at where the retailer is positioned versus its value competitors.
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NewsPoundstretcher hires Richard Kirk as new chief executive
Poundstretcher has appointed former Peacocks boss Richard Kirk as its new chief executive.
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AnalysisCampaign of the week: 99p Stores, Hussein Lalani on Watchdog
While not a conventional marketing campaign – presumably no one would actively seek out the criticism of their business on national TV – Hussein Lalani’s response to a Watchdog segment about his business 99p Stores is a good example of how to turn bad news around.
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OpinionSainsbury’s prepared for challenges ahead
Another solid performance from Justin King and his team at Sainsbury’s has added some much needed cheer to the turbulent UK grocery sector.
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NewsBookseller Relay returns to the UK
Bookseller and stationery giant Relay is making a return to the UK with a 755 sq ft trial shop in London’s Cannon Street station.
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AnalysisRetail Week report: Mobile payment
Retail Week’s new report on mobile payment examines why retailers are playing catch-up when it comes to enabling their customers to shop using their smartphones.
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NewsStore closures loom at Clinton Cards
Buyers circle as Clinton Cards follows Game and Peacocks into administration.
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News
Harvey Norman posts profit warning
Harvey Norman posted a profit warning following disappointing results in the first nine months of 2011. Unaudited preliminary accounts for the period indicate profit before tax of Aus$204.8m (£129m), a drop of 24.8% compared with the prior year period.The retailer said its technology categories continue to be affected by a ...
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NewsClinton Cards folds into administration, 8,000 jobs at risk
Struggling greetings card retailer Clinton Cards has collapsed into administration, putting around 8,000 jobs at risk as store closures look imminent.
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NewsClinton Cards to collapse into administration
Clinton Cards has suspended its shares on the Stock Exchange and is on the point of collapse after its largest supplier American Greetings acquired the retailer’s debt from its banks last night.
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News
Net sales at Metro rise
Metro’s net sales were up 2.2% to E15.6bn (£12.7bn) in its first-quarter ended March 31. In local currency, sales came in 2.6% above the prior year level. There was a calendar effect benefit but an EBIT loss of E9m (£7.3m) following a profit of E142m (£115.5m) in the prior year ...
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NewsMamas & Papas to roll-out across Russia and Lebanon
Maternity and nursery retailer Mamas & Papas has pushed the button on its expansion across Russia.
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NewsShop price inflation drops to 1.3% as commodity prices fall
Shop price inflation fell to 1.3% in April from 1.5% in March but the British Retail Consortium (BRC)- Nielsen Shop Price Index flagged potential future increases following the UK’s fall back into recession.
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News
Target remodels 90 stores to include fresh food
Target has begun remodelling 90 stores across the US and aims to complete the programmed by the end of June.The remodels are the second of three phases this year, which include the addition of fresh food to its general merchandise stores.Almost 1,000 Target stores offer an expanded food layout at ...
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Opinion2012 could be the year of the staycation
Staycations and a summer of sport can help ensure a happy holiday season, says David Wild.
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OpinionThreat of store closures for Argos
Home Retail’s troubling full-year figures and the appointment of strategy consultants OC&C by new Argos boss John Walden has put the spotlight on the future of the general merchandiser’s store portfolio.
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AnalysisWalmart launches ‘pay with cash’ online option
Walmart is to launch a ‘pay with cash’ option for online shoppers.