More on Me + Em – Page 1701
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NewsMorrisons boss Dalton Philips admits it lost out to discounters at Christmas
Morrisons lost out to rivals at Christmas after discount shoppers failed to switch from Aldi and Lidl for their festive shopping, chief executive Dalton Philips has admitted.
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NewsTesco FD Laurie McIlwee: "Market contracted more than we anticipated in December"
Tesco chief financial officer Laurie McIlwee said the grocer was “too optimistic” at the beginning of December and the market contracted more than it thought over the key Christmas trading period, leading to “disappointing” results.
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NewsFoyles Christmas like-for-likes edge up 0.4%
Foyles like-for-likes edged up 0.4% in December as the retailer benefitted from a last minute rush of shoppers.
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NewsM&S forced into Sale early by 'unprecedented' level of promotions, says Bolland
Marks & Spencer boss Marc Bolland said the retailer tried to hold its nerve over Christmas promotions but was forced into Sale early by “unprecedented” promotional activity.
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OpinionComment: Delivery was a key reason for poor Christmas performances
It comes as little surprise that discussion of Debenhams’ and Mothercare’s lacklustre Christmas results have mentioned their online delivery propositions.
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AnalysisMorrisons' Christmas trading: What the analysts say
Morrisons today brought forward its planned Christmas trading update to inform the City of its 5.6% fall in like-for-like sales over Christmas. Retail Week rounds up the reaction.
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NewsHobbs appoints former New Look boss Phil Wrigley as chairman
Former New Look boss Phil Wrigley has been appointed as chairman of fashion retailer Hobbs.
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OpinionBlog: Tesco boss Philip Clarke on the grocer's Christmas performance
As seasonal as the sales, the flurry of Christmas trading statements is well underway and we have reported our sales update this morning.
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NewsNew Look Christmas like-for-likes up 1.5%
New Look “performed well” over Christmas as like-for-like sales increased 1.5% in the period.
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NewsTed Baker Christmas sales jump 18%
Ted Baker sales increased 18.3% over the Christmas period in the eight weeks from November 10 to January 4.
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NewsMarks & Spencer blames warm weather and discounting for lacklustre quarter
Marks & Spencer has blamed warm weather in October and Christmas discounting for its lacklustre third-quarter performance, which was dragged down by general merchandise sales.
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NewsMorrisons' Christmas like-for-likes slump 5.6%
Morrisons’ like-for-like sales fell 5.6% excluding petrol over the Christmas period, and the grocer warned it now expects full-year profit to be at the lower end of expectations.
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NewsTesco reports UK Christmas like-for-likes down 2.4%
Tesco has reported like-for-like sales in the UK fell by 2.4% over Christmas, maintaining that weakness in the grocery market impacted its performance.
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NewsLiberty reports 17% rise in Christmas sales
London department store Liberty has posted a rise in sales over the Christmas period after the retailer flung open its doors to a Channel 4 camera crew to give the viewers an insight into the running of one of London’s most famous stores.
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OpinionComment: Media hires will keep retailers relevant
The retail and media sectors have always been close cousins. But, as the digital revolution continues to disrupt all aspects of the media space, the role of retailers has to change if they are to remain relevant.
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OpinionComment: Next makes money in the middle market
Next was very much in fashion with shoppers over Christmas, when it posted better than expected sales.
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InterviewQ&A: Gousto's chief executive and co-founder Timo Schmidt
Timo Schmidt, chief executive and co-founder of online food specialist Gousto speaks to Retail Week about his life working in retail.
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AnalysisInternational analysis: Walmart plans to make Sam’s Club its Chinese star
Walmart’s track record in China has been mixed - rapid expansion of Supercenters has been followed by retrenchment and reappraisal.
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NewsBreakfast briefing: WHSmith, Boots Ireland, Marks & Spencer, Liberty
Retail news round-up on January 9, 2014: WHSmith faces revolt over Kate Swann’s pay-off, Boots Retail pre-tax profit jumps 14%, Marks & Spencer third quarter sales hit by warm October, Liberty Christmas sales up 17%