More on Me + Em – Page 1541
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AnalysisTesco profits overstatement: what the analysts say
Tesco has revealed that its expected half-year profit has been overstated by £250m and has launched an investigation. The City has reaced with shock.
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NewsRobin Terrell assumes leadership of Tesco UK as profits investigation launched
Tesco multichannel director Robin Terrell has stepped in to run the flagship UK business as an investigation begins into a profits overstatement.
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NewsMoss Bros sales up but profits dip as it refits stores
Formal menswear retailer Moss Bros first half sales increased but profits slipped as it temporarily closed stores to refit them.
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OpinionComment: Retailers looking to expand should think internationally
Go east, west, north and south young man. The case for UK retailers to expand overseas is currently strong.
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NewsTeenager vies to become next chief executive at Nisa Retail
Teenager Harris Aslam has launched a bid to become the next chief executive of £1.6bn convenience store giant Nisa Retail, replacing boss Neil Turton.
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NewsTesco discloses £250m overstatement of profit forecasts
Tesco has revealed that expected profit forecasts for the first half of this year have been overstated by £250m and has called in accountants and lawyers to investigate.
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NewsUK high street vacancy rates fall at fastest rate for 8 years
The number of empty shops on UK high streets is falling at the fastest rate for at eight years.
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NewsBreakfast briefing: Retail news on Nisa Retail, Phones 4u, Game Digital, Asos, M&S and more
Retail news round-up on September 22, 2014: Teenager vies to lead Nisa Retail; Dixons Carphone and EE in talks to acquire Phones4u stores; Brands direct wrath at discounting Asos; M&S Chinese clothing sales on Ali Baba soar; UK high street vacancy rates fall
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NewsVodafone acquires 140 Phones 4u stores as 628 head office staff made redundant
Phones 4u’s administrator has made 628 redundancies at its head office as Vodafone steps in to buy 140 stores and take on 887 of its employees.
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Retail Week Hackathon: Runner up Tesco Labs with the Coffee Lab app
The Tesco Labs team were runners up in the Retail Week hackathon with the queue cutting Coffee Lab app.
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NewsRetail Week Hackathon: Runner up Deloitte Digital with the Fit app
The Deloitte Digital team were runners up in the Retail Week hackathon with their Fit app, which digitised the in-store experience.
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OpinionComment: Government must act on business rates and planning if it wants a healthy high street
The plight of our traditional shopping area must remain a priority for this government and the £1 billion package of support for the high street launched last December is to be welcomed.
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OpinionComment: Alibaba is the perfect springboard for China ecomm expansion, says M&S
According to reports, Alibaba – China’s ecommerce giant – is set to break records with the largest Initial Public Offering (IPO) in history, as it floats its shares on the New York Stock Exchange.
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NewsIndustry joins forces to launch Retail Matters careers campaign
The retail industry has come together to launch a campaign to boost careers in the sector and transform its image as an employer.
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NewsCard Factory to launch stores in Republic of Ireland next year
Card Factory will open a “small number” of stores in the Republic of Ireland next year as it continues its rapid store roll out following its IPO.
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NewsPhones 4u eleventh hour rescue deal ruled out by administrator
Phones 4u administrator PwC has ruled out a last minute rescue plan that would have involved the retailer’s bondholders taking part in a debt-for-equity swap.
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OpinionComment: How Burberry and Topshop use technology to put money in the till
London Fashion Week has once again highlighted the relentless convergence between retail and technology.
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NewsInfographic: John Lewis blames warm weather on weekly sales slump
John Lewis blamed the unseasonably warm weather for its sales fall last week, as Waitrose benefitted from it, recording an increase in sales.
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AnalysisAnalysis: 99p Stores targets convenience supermarkets with retail overhaul
The budget retailer 99p Stores is undergoing an overhaul and raising its ambitions, chief operating officer Tony Brown tells Retail Week.
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NewsBeales sales fall following store closures
Beales sales slipped in the 19 weeks to September 13 as it closed loss-making stores in the period but it said trading had improved on the first half.