More on Me + Em – Page 1962
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News
Auchan plans to invest in Russian market
French retailer Auchan plans to invest RUB1bn (£20.1m) next year to open five price-oriented compact hypermarkets in Russia under the Radouga banner.The stores will reportedly have a sales area of 53,820 sq ft and will feature 11,000 SKUs. After next year, Auchan intends to open five to 10 Radouga stores ...
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News
Aldi Nord experiences significant profit decrease
Discounter Aldi Nord experienced a significant drop in profit in 2011, according to annual accounts from 18 of its 35 regional divisions.While sales increased slightly, cumulated profits were E55m (£44.6m) down on the previous year. Aldi blamed a weak non-food business and stiff competition in Germany.
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NewsCyber Monday frenzy drives record online shopping sales
Retailers enjoyed a record surge in trade on Monday as shoppers rushed online to secure Christmas deals.
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News
Ahold extends cost-savings programme
Grocery retailer Ahold has extended its cost-savings programme from E350m (£283.9m) to E600m (£486.8m).Ahold said it will include sourcing and promotional costs to invest in creating a better offer and value for customers.Next year, the grocer plans to convert many of its 82 Dutch C1000/Jumbo Supermarkten stores to Albert Heijn. ...
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OpinionComment: Not Tesco's finest hour, but possibly not its worst
So, Tesco’s Fresh & Easy misadventure in the US is drawing to a close.
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NewsHouse of Fraser EBITDA up as like-for-likes "step up" before Christmas
Department store chain House of Fraser like-for-likes jumped 5.4% in its third quarter to October 27 as it notched up adjusted EBITDA of £3m against a £1.3m loss the previous year.
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OpinionComment: Tesco needs to use technology to engage customers
Tesco needs to focus on using its huge wealth of technological innovation to engage customers and avoid focusing on gimmicks.
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NewsOcado launches Facebook tie-up
Ocado is allowing shoppers use their Facebook profiles to shop the retailer’s site and will ultimately look to sell products through the social media site.
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NewsFood price inflation rises to nine-month high
Food price inflation jumped for the second month in a row to 4.6% in November, hitting its highest rate in nine months.
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OpinionComment: Tesco boss Philip Clarke blogs on the Fresh & Easy strategic review
Today I’ve announced Tesco’s decision to begin a strategic review of Fresh & Easy, our business in the US.
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NewsTesco likely to exit US business as Tim Mason departs
Tesco chief executive Philip Clarke is considering exiting the US as he conducts a strategic review of the business.
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NewsNew Look hires chief executive from Bestseller
New Look has hired Bestseller’s Anders Kristiansen as its new chief executive.
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NewsUS investor in talks to acquire Topshop and Topman stake
Sir Philip Green is in negotiations to sell off a stake in Topshop and Topman to a US investor, Retail Week understands.
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NewsGroceries adjudicator given power to fine supermarkets
The Government has given the new Groceries Code Adjudicator the power to fine supermarkets if they abuse their suppliers.
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AnalysisAnalysis: B&M Bargains deal sets foundations for European growth
Private equity firm Clayton Dubilier & Rice yesterday revealed its estimated £965m investment in value retailer B&M Bargains as well as Sir Terry Leahy’s appointment as non-executive chairman. Retail Week speaks to co-managing director Simon Arora and analyses the implications of the deal.
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OpinionBlog: Amazon offers customisable pages and posts
Online giant Amazon has launched Amazon Pages and Posts to improve the look, feel and performance of other retailers’ pages on its site.
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GalleryIn pictures: Zara's new Oxford Street flagship
Zara is set to open the doors to its new Oxford Street flagship tomorrow, its fourth on the famous shopping street.
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NewsAldi continues sales surge as Morrisons pressure mounts
Aldi has continued to record strong double-digit sales growth “unabated” while Morrisons trails the pack in a fiercely competitive grocery market.
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AnalysisSir Terry Leahy: Career highlights
Sir Terry Leahy is to take on the role of chairman at value retailer B&M Bargains, his first retail role since stepping down from Tesco. Having spent all his retail career at Tesco, here are his career highlights.