More on Me + Em – Page 2191
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NewsArgos like-for-likes plummet 8.8%
Argos like-for-like sales plummeted 8.8% for the 18 weeks to December 31.
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NewsTesco reports "disappointing" Christmas as like-for-likes fall 2.3%
Tesco has reported its worst Christmas sales performance in decades as UK like-for-likes excluding VAT and petrol declined 2.3%.
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Otto Group set to achieve strong revenues in Russia
German online and mail order retailer Otto Group expects to achieve revenues of about e500m (£412.5m) for the financial year to February 29, 2012, in Russia. Otto Group operates several mail order banners such as Bonprix, Quelle, Witt and Otto in the country. In the medium term, it expects to ...
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Aeon reports revenue increase
Japanese variety retailer Aeon has reported its financial results for the nine months ended November 30, 2011. Revenue rose to ¥3.75 trillion (£31.6bn) compared with ¥3.73 trillion (£31.4bn) reported for the same period the previous year. Net profit was ¥36.54bn (£307.7m), 25.6% lower than the ¥49.12bn (£413.7m) reported last year. ...
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Seven & I posts operating income increase
Retail group Seven & I posted results for the nine months to the end of November, with operating income up ¥216.2bn (£1.82bn) compared with ¥175.7bn (£1.48bn) the previous year. Revenue from operations was ¥3.54 trillion (£29.8bn), lower than the ¥3.8 trillion (£32bn) reported for the same period the previous year. ...
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NewsAsda’s pert start to the new year
Asda has the perfect solution for any ladies asking ‘does my bum look big in this?’ post-Christmas with its new bottom shaping tights.
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OpinionCount on your customers’ views
It’s crucial to discover and analyse shoppers’ needs and desires, says Angela Spindler.
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AnalysisMargins: What do retailers need to know?
Many retailers started their Sales early during the Christmas period. What are the implications of discounting on retailers’ margins?
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NewsChris Brook-Carter appointed to newly created role of Retail Week editor-in-chief
Chris Brook-Carter has been appointed to the newly created role of editor-in-chief of Retail Week and will lead content creation and development for the entire Retail Week brand.
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NewsIndian government approves single-brand FDI change
The Indian government has approved proposals to allow 100% Foreign Direct Investment (FDI) in single-brand retail.
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NewsHMV trims head office jobs
HMV has made a “handful” of redundancies at head office days after reporting a slump in sales over Christmas.
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NewsNew appointments as Phones 4u posts strong growth in fourth quarter
Following a strong finish to 2011, the UK’s leading mobile phone retailer Phones 4u has made three high-profile management appointments.
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NewsHawkins Bazaar deal expected next week
Administrators to troubled Hawkins Bazaar are expected to reveal whether it has struck a deal with interested parties by the beginning of next week after its parent company Tobar Group collapsed into administration last month.
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Rossmann posts sales growth
AS Watson-controlled German drugstore chain Rossmann has posted sales growth of 10.5% to e5.12bn (£4.22bn) in its operating countries for 2011. It confirmed its forecasts from December and said it expects turnover of e5.6bn (£4.62bn) in 2012. In Germany the retailer increased sales by 10% to e3.81bn (£3.14bn) and announced ...
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Merger announced for Shopko and Pamida
Shopko and Pamida, both owned by an affiliate of Sun Capital Partners, are to merge. The retailers expect the deal to close in mid-February, and financial details have not been disclosed. With Shopko and Pamida’s annual revenues of $2bn (£1.29bn) and $1bn (£647.4m) respectively, the companies will operate nearly 350 ...
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Target announces Canadian store locations
Target has announced the locations of its first 24 stores in Canada. The Ontario stores will open in March and early April 2013 in London, Kawartha Lakes, Newmarket, Milton, Cambridge, Toronto, Mississauga, Ajax, Orillia, Brampton, Windsor, Burlington, Aurora, Fergus, Hamilton, Guelph, Waterdown and Whitby. Target Canada president Tony Fisher said ...
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NewsTesco to close 12 Fresh & Easy stores
Tesco is to temporarily close 12 of its Fresh & Easy stores in the US in the face of harsh of economic conditions.
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NewsSainsbury's reports 'record-breaking' Christmas
Sainsbury’s has reported a “record-breaking” Christmas with non-food and its online business proving particularly strong.
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NewsShop price inflation hits 16-month low in December, BRC finds
Shop price inflation reached its lowest level for 16 months in December, as retailers heavily discounted electrical goods, clothing and footwear in the run up to Christmas, the British Retail Consortium (BRC)- Nielsen Shop Price Index found.
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NewsN Brown like-for-likes up 2%
Home shopping group N Brown like-for-likes rose 2% in the 19 weeks to January 7.