More on Me + Em – Page 1886
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News
H&M suffers lower than expected first-quarter sales
Fast-fashion retailer H&M said its first-quarter sales did not reach expectations because of unfavourable weather and a tough economic climate.In the three months to February 28 sales increased 6%. However, when taking into account calendar and currency effects, sales rose 2% to SEK28.39bn (£2.87bn). Like-for-like sales fell 3% in the ...
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News
Supervalu completes sale to AB Acquisition
Supervalu has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners.The disposal to AB Acquisition, an affiliate of an investment consortium led by Cerberus Capital Management, is a stock deal valued at $3.3bn (£2.17bn), which includes $100m (£65.8m) in cash and $3.2bn (£2.1bn) in debt assumption.
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News
Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...
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NewsShoppers back price-matching schemes as Sainsbury’s makes Tesco complaint
Shoppers have thrown their weight behind grocers’ price-matching schemes as controversy over Tesco’s Price Promise promotion mounts.
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AnalysisThe Budget: What do retailers need to know?
Last week’s Budget brought some good news for retailers and consumers but failed to address business rates
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NewsRetailers meet with Government to debate high street's future
The Government’s new Future High Streets Forum, co-chaired by Alliance Boots’ health and beauty boss Alex Gourlay, met for the first time today to attempt to plot a course for the high street’s recovery.
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NewsSainsbury's accelerates convenience store expansion in London
Sainsbury’s is to accelerate its convenience store expansion in London and the Southeast as competition in the area hots up.
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NewsWilkinson multichannel boss Simon Hathway set to exit
Wilkinson head of multichannel Simon Hathway is set to leave the value retailer in September after six years at the company.
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OpinionBlog: How to make blogs work for your brand
Every single week retailers and brands blow between £20,000 to £40,000 on social media which give little, if any, return.
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Opinion
Blog: With great brands come great design challenges
Jigsaw24 is the largest supplier of Apple products to the UK’s creative industry. With such tech savvy customers, the company’s site needed to hit the mark in terms of user experience.
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AnalysisProfile: New Blockbuster managing director Gary Warren
If Gary Warren thought he had a mountain to climb at HMV, he is about to take on the Everest of retail challenges in his new job.
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AnalysisInfographic: The impact of 4G on UK retail spending
Research released today forecast the impact of the arrival of 4G in Britain and said it could boost the retail economy by around £1.8bn a year.
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OpinionComment: Trinity Leeds and Buchanan Street – the last hurrah?
Leeds and Glasgow were the locations last week in which excited, or so it seemed, shoppers headed out to inspect new shopping destinations.
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News4G to boost retail spend by £1.8bn a year, says eBay
The arrival of universal 4G in Britain could boost the retail economy by around £1.8bn a year, according to new research by online giant eBay.
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NewsLaura Ashley puts squeeze on suppliers with price cut demands
Furniture and fashion retailer Laura Ashley has been accused of squeezing its suppliers by support group the Forum of Private Business.
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NewsCath Kidston plots Spanish concession expansion
Kitsch retailer Cath Kidston is in talks to roll out concession stores in Spain, which will be its first step into continental Europe.
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NewsBlockbuster acquired by restructuring firm Gordon Brothers
Restructuring firm Gordon Brothers Europe has bought DVD rental retailer Blockbuster out of administration, taking 264 stores.
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GalleryStore of the week: Accessories brand Tantrum, Westfield Stratford
Tantrum is the brand’s first store and has a jewellery and cosmetics offer aimed at more or less the same crowd that is found in Topshop.
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GalleryStore gallery: Dutch supermarket Albert Heijn - convenience to go
Dutch supermarket Albert Heijn’s ‘to go’ format delivers an unusual convenience store concept. John Ryan reports.
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NewsSofa retailer CSL invests £1m to roll out iPads across stores
Sofa retailer CSL is set to roll out iPad minis to its entire store estate in a new £1m project, which is expected to significantly increase sales.