More on Me + Em – Page 2033
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NewsKurt Geiger to rein back UK stores as rents 'kill' retail
Kurt Geiger is to close stores and focus on international expansion amid spiralling costs in the UK.
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NewsWaitrose boss eyes rapid online expansion
Waitrose boss Mark Price anticipates doubling the grocer’s store count to 600 as well as rapidly increasing its online sales.
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NewsJJB suitors circle as Bill Gates faces £20m loss
JJB shareholder Bill Gates is facing a £20m loss after the struggling sportswear retailer warned investors its shares could be worthless.
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GalleryStore of the week: Juicy Couture, Regent Street, London
Fashion brand Juicy Couture’s new store on Regent Street is everything you’d hope and expect it to be.
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GalleryStore gallery: The way forward for HMV
The entertainment retailer has opened a store in Cambridge that provides a vision of its future. John Ryan explores the shop’s raft of digital in-store initiatives.
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OpinionComment: Why in-store wi-fi matters and QR codes do not
Trust, transparency and trade are all benefits of the true deployment of wi-fi as part of a store blueprint, so why have so few retailers rolled this out?
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NewsKitchen specialist Harvey Jones on the expansion trail
Mid-to-upmarket kitchens specialist Harvey Jones is on the expansion trail as it lays out plans for 70 shops across the UK.
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AnalysisInfographic: Who's owed what after Peacocks collapse?
After the collapse of Peacocks, Retail Week takes a look at who is owed what.
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AnalysisAnalysis: Why are mobile conversion rates so low?
Mobile conversion rates can be much lower than websites, so why aren’t shoppers buying on their phones?
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NewsPoundstretcher boss Richard Kirk exits after three months
Former Peacocks boss Richard Kirk has stepped down as chief executive of Poundstretcher after just three months in the role.
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NewsJJB founder Whelan signals interest in up-for-sale retailer
JJB Sports founder Dave Whelan could step in to take over some of the retailer’s stores.
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NewsOlympics fails to boost consumer confidence, says GfK
The Olympics has failed to boost consumer confidence, according to research body GfK.
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NewsJohn Lewis sales jump sparked by electricals
John Lewis sales jumped 8.8% over the week to August 25 driven by electricals, home and technology.
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NewsAquascutum seeking London flagship
Upscale fashion retailer Aquascutum aims to return to London’s West End and is seeking a flagship in the premier shopping district.
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AnalysisAnalysis: What Kate Swann brought to WHSmith
Kate Swann is to leave the WHSmith nest in 2013 after a successful nine years at the helm. She has led the retailer through the tough economic times with a familiar story of rising profits despite falling sales. Retail Week highlights some of the key elements of Swann’s strategy.
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News
Woolworths reports group turnover growth
Food and clothing retailer Woolworths reported group turnover growth of 11.8% to ZAR28.6bn (£2.15bn) for its financial year ended June 24. Operating profit was up 26.6% to ZAR2.7bn (£203.2m), and profit after tax increased by 25% to ZAR2.1bn (£158m).At Woolworths’ African food and clothing operations, total sales increased by 11.6% ...
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Bookseller Barnes & Noble narrow net losses
Bookseller Barnes & Noble recorded a 2.5% increase in consolidated revenues to $1.5bn (£948.4m) for its first quarter ended July 28. Net loss narrowed to $41m (£25.9m) as a result of cost savings. Sales at the retailer’s stores rose 2% during the period, or 4.6% on a like-for-like basis, benefiting ...
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News
Net income plunges at Best Buy
Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.Total revenue fell ...
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NewsOxford Summer School students meet Dame Ellen MacArthur
Dame Ellen MacArthur addressed this year’s Oxford Summer School, the shopkeeper’s academy for rising stars in retail.
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AnalysisCampaign of the week: Matalan, Makes Fashion Sense
Value fashion retailer Matalan, which has a largely out-of-town store estate, has launched a multimedia campaign to increase its visibility.