More on Me + Em – Page 2182
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NewsAsda loses new business boss Misra as it plans George Middle East push
Asda has lost another top executive as new business director Arnu Misra exits the business.
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NewsWHSmith posts 5% like-for-like fall
WHSmith said it delivered a “resilient” performance despite a 5% drop in like-for-likes over the 21 weeks to January 21.
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Carrefour’s global brand director departs
Carrefour’s global brand director Laurent Blum has left the retailer. Before his appointment by chief executive Lars Olofsson at the end of 2009, Blum was vice-president of Nestlé Waters France, responsible for marketing and sales. Blum will reportedly not be replaced, and his duties will be reassigned between the internal ...
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Cost-cutting at La Redoute
PPR-owned mail order retailer La Redoute may cut 250 jobs as part of a new cost-cutting initiative designed to make the retailer a pure-play online operation. The job losses would be mainly voluntary redundancies over a three-year period. Last week it was revealed that PPR was cutting 510 jobs at ...
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Ahold reports net sales growth
Grocery retailer Ahold has reported consolidated net sales of E30.3bn (£25.35bn) for 2011 – a 2.5% increase compared with the previous year and a 5.5% rise at constant exchange rates. An Ahold spokesperson said: “We continue to be well positioned in challenging market conditions.” In the US, sales improved 6.6% ...
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X5 Retail Group reports net retail sales increase
X5 Retail Group has reported a 32% increase consolidated net retail sales of RUB452.5bn (£9.3bn) for 2011. Like-for-like sales rose 6%, with a 1% drop in customer traffic and a 7% increase in average basket. However, like-for-like sales growth at Pyaterochka more than halved to 5% compared with last year ...
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NewsEdinburgh Woollen Mill plans 150 new stores as it eyes Peacocks property
Edinburgh Woollen Mill is to open 150 high street and mall stores this year, as well as more than 100 across the rest of the group that includes Jane Norman.
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NewsThe Co-operative makes senior job cuts
Seven senior managers are to leave The Co-operative as the economic downturn hits one of the UK’s largest businesses.
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NewsGlasgow Buchanan Street 91% let as Fat Face and Skechers sign up
Retailers including Watches of Switzerland, Skechers and Fat Face have signed up to Land Securities’ Glasgow Buchanan Street development, which is now 90.7%pre-let.
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NewsCarphone Warehouse like-for-likes fall 4.7%
Carphone Warehouse will increasingly target “key opportunities” in smartphone and tablet sales and said that like-for-likes fell 4.7% in the third quarter.
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NewsFlying Brands sales fall
Flying Brands suffered a fall in sales over Christmas from £4.47m to £3.29m.
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NewsManagement shake up as Irisa and Jacques Vert businesses merge
Private equity owner Sun European Partners has merged its two womenswear businesses Jacques Vert and Irisa, formerly Alexon, and has appointed Jacques Vert chief executive Paul Allen to head up the newly formed business.
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NewsMore shoppers head for mobiles to do Christmas shopping
Mobiles searches accounted for one in five online retail searches in the fourth quarter, with the number of searches on smartphones and ipads 169% up on last year.
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NewsPrimark Northern Irish workers back call for strike
Primark staff in Northern Ireland have overwhelmingly backed industrial action in protest at the retailer’s attempt to impose a second year of pay freezes.
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NewsSainsbury's appoints marketing director
Sainsbury’s has appointed a new marketing director as it looks to reshape its marketing team.
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NewsMatalan asks banks to loosen covenants
Matalan has asked its banks to loosen its covenants on debt incurred in 2010.
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NewsCredit insurer will not extend cover for UK retail sector
Europe’s biggest trade credit insurance company Euler Hermes has said it will not extend levels of cover to the UK retail sector.
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NewsBonmarché bought out of pre-pack by Sun European
Bonmarché has been bought by private equity firm Sun European Partners in a pre-pack administration deal.
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NewsDecathlon eyes up Best Buy stores
French sportswear retailer Decathlon is reportedly looking to take over several of the Best Buy stores as it plots to open 100 UK stores.
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NewsTesco considers closing Home Plus stores
Tesco is set to exit its standalone furnishing stores after poor sales led it to review its estate.