All General merchandise articles – Page 166
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News
Off-price retailer TJX reports increase on first-quarter earnings
Off-price retailer TJX reported that first-quarter earnings soared 58% compared with the same period a year earlier. For the quarter ended April 28, TJX recorded a profit of $419.2m (£265.5m), up from $266m (£168.5m) in the prior year. Sales rose 11% to $5.8bn (£3.67bn) while gross margin climbed to 28.2% ...
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NewsM&S faces staff revolt after bonus slash
Marks & Spencer is facing a revolt by its shopworkers after annual bonuses were slashed to just £100.
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AnalysisAchieving a happy workforce
Achieving the status of ‘great employer’ demands balancing employee expectations, leadership development and financial incentives. Liz Morrell explores how retailers can get the mix right.
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News
Bharti Walmart to open Best Price Modern Wholesale store
Walmart’s joint venture Bharti Walmart is to enter Gujarat with a 50,000 sq ft Best Price Modern Wholesale store, to open later this year.The retailer said: “We plan to open 12 to 15 Best Price Modern Wholesale stores in 2012, mainly in south and west India.” It also plans a ...
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NewsM&S presses button on new phase of store revamps as profits fall
Marks & Spencer has reported a fall in full-year profit but said strategic progress is being made and that remodelled stores are outperforming the rest of its estate.
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NewsPoundworld launches wholesale website
Poundworld has launched a wholesale website to cater for small retailers in what it believes is an “untapped” market.
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NewsFootfall drops 2% in first quarter
Footfall has dropped 2% in the first quarter of 2012 as the wet weather and changes to the calendar impacted shopper behaviour, according to the British Retail Consortium (BRC)/Springboard-ACTM Footfall Monitor.
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NewsJessops in line for £10m investment from Canon
Jessops is set to receive a £10m investment from camera manufacturer Canon to help prop it up.
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GalleryTravel retail: Airports and railway stations
Travel retail is picking up pace at railway stations and airports. John Ryan assesses some retail offers for those on the move.
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NewsAmazon: Investing in its future
The internet powerhouse Amazon is investing to fund its expansion into new categories.
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AnalysisProfile: Zev Weiss, chief executive, American Greetings
The collapse of Clinton Cards has put the boss of Ohio-based supplier American Greetings at the centre of the controversy.
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NewsClinton Cards to close 350 stores as Birthdays leaves the high street
The administrators of Clinton Cards are to shut 350 stores, including the entire Birthdays chain, starting next week after concluding the retailer is “burdened with an untenable retail estate”.
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NewsNew technology will boost retailers' sales by 4% by 2014
Investing in new technology could boost retailers’ sales by 4% within two years according to eBay.
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NewsHalfords drives leisure range with summer TV ad
Halfords is pushing its leisure range of ‘staycation’ holiday essentials with the launch of a a nostalgic summer TV ad campaign tonight, May 16.
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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.