All General merchandise articles – Page 195
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News
Lawson to increase capital spending to aid expansion
Japanese convenience store chain Lawson will increase its capital spending to $50m (£32m) in China during 2011, with the aim of opening about 130 convenience stores.Cities earmarked for additional stores include Shanghai, Chongqing, Shenyang, Dalian, Chengdu and Beijing. Lawson president Takeshi Niinami said: “It’s time to go to China. We ...
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News
Makro Cash & Carry appoints Antoine Peleyras as CEO
Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
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News
Walmart to move into convenience stores in urban markets
Walmart is set move into convenience stores in urban markets such as Chicago and Los Angeles as the largest US retailer seeks to revitalise growth in its home market.Commercial real estate brokers say Walmart has begun scouting for sites for smaller-format stores in a range of urban markets, including Sacramento ...
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News
Macy's expands online fulfilment centre to cope with growth
Department store chain Macy’s has announced it will expand its online order fulfilment centre near Portland, Tennessee, to accommodate continued online sales growth.The 600,000 sq ft facility opened in spring 2007. The expansion will add 374,000 sq ft. Construction is expected to begin this autumn so that the expanded facility ...
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NewsLike-for-likes fall at Beales
Department store group Beales has posted a 1.7% fall in like-for-like sales,including concessions and VAT, after a fall-off in demand for big ticket items.
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NewsCountrywide pushes profits up by a third
Rural retailer Countrywide has posted record profits, helped by strong sales of clothing and footwear, improved retailing and new store openings.
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NewsArgos performance dents Home Retail profits
Argos owner Home Retail Group expects full-year profits to come in at the low end of expectations after suffering a second quarter sales fall at flagship chain Argos.
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NewsWHSmith buys Gadget Shop
WHSmith has bought gadget and gift etailer the Gadget Shop from toy specialist The Entertainer.
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.
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News
New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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NewsArgos sues shipping company
Argos is suing container shipping company AP Moller-Maersk for more than $13m (£8.4m) over accusations it reneged on a contract.
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AnalysisBrands: If at first you don’t succeed, try, try, try again
Joining the ranks of high street failures such as Zavvi and Woolworths, high-profile retail casualty of the recession MFI is being resurrected as an online brand. But can failed or struggling brands successfully put their tattered reputations behind them and regain trust
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NewsHalfords hit by more supply chain woes
Halfords is facing further disruption due to problems at its new distribution centre, which will likely have an effect on second quarter sales, according to one analyst.
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NewsMarks & Spencer to open in Egypt
Marks & Spencer is to open its first store in Egypt within the next year.
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NewsHalfords new DC causes supply troubles
Halfords’ new distribution centre has disrupted supply to stores, according to the Daily Mail.
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NewsM&S shareholder gives thumbs-up to Robert Swannell’s appointment
Marks & Spencer’s largest shareholder has welcomed the appointment of its new chairman Robert Swannell.
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NewsNearly half of Woolworths’ stores still empty
Almost two years after Woolworths’ collapse, 40% of the variety group’s stores remain empty.
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NewsFirebox extends offer with same day delivery
Gifts etailer Firebox.com has become the latest to extend its delivery options by offering same day delivery within the M25.