All General merchandise articles – Page 164
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News
Metro unifies structure of Makro cash-and-carry operations
Metro has unified the structure of its Makro cash-and-carry operations in Spain and Portugal. The change is part of a strategy to build synergies and improve competitiveness. Makro Portugal has not reached its performance targets over the past few years and is coming under additional pressure from a tough economic ...
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News
Pick n Pay posts sales increase
Pick n Pay increased sales by 8.1% to R55.3bn (£4.76bn) for the year to February 29, while profit fell 10.6% to R1.3bn (£112m). The retailer said that was the result of investment in transformation initiatives. They include the launch of its smart shopper loyalty programme, the sale of Franklins in ...
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NewsJML shopping programme to debut on ITV1
JML to air first shopping programme on a mainstream channel that enables viewers to buy products.
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OpinionComment: Restoring Mothercare's fortunes won’t be child’s play for Calver
On Monday, Simon Calver takes control at Mothercare, where the wheels have come off the pram in the core UK market.
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News
Woolworths’ results slow on deflation
Woolworths’ results slowed on deflation during its third quarter, growing 3.8% to AUS$14.1bn (£9.15bn). The retailers’ supermarket division experienced solid growth of 3.7% to AUS$12.2bn (£7.92bn), while the retailer’s non-food fascias had a mixed result. Consumer electronics fascia Dick Smith reported a 1.7% decline in sales to AUS$269m (£174.6m), although ...
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News
Walmart’s global ecommerce division to double hiring target in India
Walmart’s global ecommerce division is doubling its hiring target in India to 200 employees to revamp the retailer’s ecommerce platform. Over the last five months, @WalmartLabs – which operates under Walmart’s global ecommerce unit – has been building Indian operations with a focus on social and digital technology. Jeremy King, ...
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NewsMothercare FD Neil Harrington quits
Mothercare finance director Neil Harrington has resigned from the struggling maternity retailer.
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News
Blokker reports group sales increase
Toy, home and garden retailer Blokker reported group sales steady at e2.7bn (£2.34bn) and up 3% in its domestic market in the year to January 28. Performance was driven by its home formats Xenos, Big Bazar and Cook & Co. Operating profit fell 20.9% to e167m (£144.8m) and net profit ...
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News
Toys R Us to launch transactional website in China
Toys R Us is to launch a transactional website in China. The retailer has signed an agreement with Fireswirl Technologies, which will provide online operations for its 60 stores in Greater China including its Taobao flagship store.At present, Toys R Us has a Chinese website providing product recommendations.
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NewsRobert Dyas denies R Capital is among potential buyers
Hardware and homewares retailer Robert Dyas has denied reports that Little Chef owner R Capital is among potential buyers for the business.
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GalleryStore of the week: Mini, Westfield Stratford
Westfield Stratford isn’t really the sort of place that you’d head for if you want to buy a car or indeed accessories that might be associated with it, but the Mini pop-up store might help to change your mind.
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NewsLandlords slam "underhand practice” of pre-pack administrations
Landlords have slammed the “growing underhand practice” of insolvency practices such as pre-pack administrations that they say siphons “tens of millions of pounds out of pensioners’ savings into the pockets of private investors profiting from retail failure”.
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NewsRetail sales rise in March, ONS reports
Retail sales surged year-on-year and month-on-month in March, official data showed.
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AnalysisProfile: Aziz Tayub, Poundstretcher owner, chairman and chief executive
He may shun the spotlight, but the Poundstretcher boss has drawn the industry’s attention with plans to expand into the Middle East.
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OpinionM&S still a work in progress
Marks & Spencer’s fourth-quarter update on Tuesday failed to meet market expectations and the share price fell sharply.
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AnalysisAnalysis: WHSmith gets interesting with Kobo drive
It’s not often that WHSmith takes you by surprise. Year in year out, group chief executive Kate Swann’s story has been about maintaining a usually healthy overall profit by running an exceptionally tight ship. But alongside today’s financials came an announcement that shows intriguing multichannel innovation from a retailer not renowned for creative thinking.
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AnalysisCampaign of the week: Harrods Pinterest
Pinterest is a comparatively new platform for retailers to try, and Harrods is one of the first UK brands to do something interesting with it.
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News
Target's Canadian plans under government review
General merchandise retailer Target’s plan to enter Canada is being reviewed by the government to decide if books and other cultural ranges have enough Canadian content.Target spokeswoman Lisa Gibson said that this analysis will concentrate on books, DVDs, music and magazines as the government is committed to making sure investments ...
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News
Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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News
Galeries Lafayette to revamp flagship store
Department store business Galeries Lafayette plans a E85m (£71.8m) investment at its flagship store on Boulevard Haussmann in Paris.The retailer intends to expand the space dedicated to luxury goods, leather products, jewellery and footwear. As part of the renovation, Louis Vuitton, Cartier and Chanel outlets will be located on two ...