More on Me + Em – Page 1937
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NewsThe Original Factory Shop seeks adviser for a sale
Discount retailer The Original Factory Shop is seeking an advisor as it prepares for a future sale and could be valued for as much as £100m, it is understood.
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AnalysisAnalysis: What does The Co-operative Food’s management reshuffle mean for the retailer?
Steve Murrells has stamped his mark on The Co-operative’s food business just six months after joining as chief executive with several senior hires. Retail Week takes a look at the implications.
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NewsJessops axes 77 more jobs as interested parties circle online business
Collapsed camera retailer Jessops axed another 77 jobs yesterday, as “several” parties remain interested in acquiring the Jessops brand and online business, it is understood.
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NewsBlockbuster collapses into administration
Entertainment specialist Blockbuster has plunged into administration, making it the third large retailer to hit the buffers in a week following the collapse of Jessops and HMV.
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OpinionComment: Support for HMV could keep it in the retail charts
Not since the breakdown of Woolworths has a retail administration prompted such an outpouring of public support as that which has surrounded entertainment retailer HMV.
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OpinionComment: Retailers need help from Government to prevent more casualties
As the sales figures are assessed post-Christmas, a number of retailers have done well but for others the sums have failed to add up.
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OpinionComment: HMV's unique staff culture could prove key for potential buyer
While some HMV staff have been understandably shocked by the company’s administration, many will acknowledge that it has seemed inevitable. There remains a genuine belief that the company could and hopefully will survive.
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NewsKiddicare inks ITV sponsorship deal as it poaches Tesco director
Kiddicare has poached Tesco buying director Alex Fisher as its new commercial director as the baby specialist broadens its business and launches its first major marketing campaign.
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NewsWhite Stuff sales soar over Christmas as its shopping centre debut impresses
Fashion retailer White Stuff sales surged 11.4% over Christmas as its eyes more shopping centre stores after its successful Milton Keynes debut.
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NewsHMV receives 'more than 10' expressions of interest as Irish stores close
HMV’s administrator Deloitte is understood to have received “more than 10” expressions of interest in the entertainment retailer that collapsed on Tuesday.
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News
Magnit reports unaudited financial results
Magnit has reported unaudited financial results. Consolidated net retail revenue increased to RUB448.49bn (£9.23bn) for the financial year 2012, up 33.6% on the previous year.Like-for-like sales grew by 8.5%, driven by 7.8% growth in basket size and a 0.6% increase in footfall.In contrast with 2011, hypermarkets outperformed supermarkets and convenience ...
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News
Spar reports net sales increase
Spar has reported a 3.8% net sales increase for the year to December 31, 2012 to CHF1.04bn (£705.4m).Net sales for the 170 Spar, Eurospar and Spar Express stores increased by 2.3% to CHF567m (£384.6m), despite prices being lowered by 1.2%.This year the retailer will open five new Spar supermarkets.
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News
Casino to enter Serbian market
Casino is to enter the Serbian market with seven supermarkets this year. The launch was enabled by an agreement between Casino and local partner Sodibal. The latter has also become official distributor of Casino products and supermarkets for the Balkan region.
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News
Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...
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NewsSuperdrug drops celebrity ads as it switches marketing focus to service
Superdrug is dropping Gavin & Stacey star Joanna Page from its ads as its switches marketing focus to customer service after delivering a stellar Christmas.
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NewsNRF: Shoppers want global retail experience tailored for local needs
Shoppers demand a global retail experience, yet they want it localised for their needs and expectations, according to research which shows that Amazon is consumers’ top choice.
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NewsNRF: Tesco to give store managers control over localised ranges
Tesco is to start giving store managers more power as the retailer increases localisation of its ranges, chief information officer Mike McNamara said at the NRF conference in New York on Tuesday.
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NewsNRF: Coles calls for grocers to study store cupboards
Grocers should operate their supply chains based on what is in their customer’s pantry in the future, says Coles general manager, merchandise and logistics, Dimitrios Bairaktaris.
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NewsThe Co-operative Food poaches Sainsbury's Andrew Mann in management reshuffle
The Co-operative Food has reshuffled its management team poaching Sainsbury’s director Andrew Mann and former New Look and Asda IT director Howard Reed.
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NewsFrench Connection posts like-for-like slump as it delays Sale
French Connection delivered a 2.9% like-for-like slump in the 24 weeks to January 12, pulled down by the premium fashion retailer delaying its festive Sale by one week.