More on Me + Em – Page 1858
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NewsApril like-for-likes hit by early timing of Easter
April retail like-for-likes fell 2.2% against a 3.3% decline in the same month last year, as the early timing of Easter hit sales.
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NewsWhite Stuff hires former TK Maxx director as marketing boss
Quirky fashion retailer White Stuff has hired Julian Baker from STA Travel as its new marketing director.
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NewsMorrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
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NewsFrench Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
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NewsNext sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
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NewsSainsbury's pre-tax profits dip while sales increase 4.3%
Sainsbury’s has reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while total sales excluding petrol were up 4.3%.
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Carrefour and Sabançi Holding to review joint venture
French retailer Carrefour and Turkish partner Sabançi Holding are to reorganise the governance of their joint venture.Sabançi, which was the minority shareholder, has increased its share capital in CarrefourSA by an additional 12% to 50.8%. Carrefour’s stake is 46.2%.
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Amazon plans distribution hub in Czech Republic
The US-based online giant has chosen the location over Poland because of the country’s modest wages and central European location, according to sources.The 1.1 million sq ft facility is expected to become operational this autumn.
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Edeka to invest in store modernisation
Co-operative retail group Edeka aims to invest E1.6bn (£1.35bn) in the modernisation and extension of its store network and retail infrastructure, said chief executive Markus Mosa. The investment is a 10% increase on 2012.In 2012 Edeka posted sales of E44.8bn (£37.73bn), up 3.8% on the previous year. Its net income ...
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Loblaws reports consolidated revenue increase
Loblaws, the country’s largest retailer, reported a 3.8% rise in consolidated revenue to C$7.2bn (£4.58bn) for the first quarter ended March 23. The retailer’s net profit rose 40.2% to C$171m (£108.7m). Overall retail sales rose 3.4% while like-for-likes increased 2.8%.Executive chairman Galen Weston said: “Greater assortment and an improved in-store ...
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Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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NewsJustin King and Mark Price head strong Oxford Summer School line-up
Sainsbury’s chief executive Justin King and Waitrose managing director Mark Price are among an illustrious line-up set to speak at the Oxford Summer School.
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InterviewQ&A: Government should give town teams more guidance and incentives, says Mary Portas
Tonight the first episode of the long-awaited Mary: Queen of the High Street series airs on Channel Four following the developments of the Portas Pilot towns. Retail Week speaks to Mary Portas about the show and the impact of her recommendations to Government.
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NewsB&Q Ireland exits examinership as Kingfisher invests €2.4m
Kingfisher subsidiary B&Q Ireland has exited examinership after four months as its investment plan for the business was approved today.
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NewsPoundland owner Warburg Pincus mulls float or sale
Poundland is being readied for a sale or float by its private equity owner Warburg Pincus, it is understood
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NewsSelfridges promotes Sebastian Manes to buying and merchandising director
Department store Selfridges has promoted womenswear, accessories and kidswear boss Sebastian Manes to buying and merchandising director.
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NewsBank holiday shoppers spend £220m in London's West End
Shopper spend across London’s West End jumped 10% to £220m across the May Day bank holiday driven by UK visitors taking day trips to the capital.
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NewsSports Direct launches sports news website to win new customers
Sports Direct has launched a sports news website dedicated to breaking exclusive stories in a bid to connect with new customers.
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AnalysisIceland’s online grocery launch: Will it work?
As Iceland Foods begins trialling an online grocery service eight years after shelving its initial digital offer, Retail Week looks at the implications of its re-entrance into the market.
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NewsMarks & Spencer rolls out contactless payment
Marks & Spencer has rolled out contactless payment to 644 UK shops following a 25-store trial in London last year.