More on Me + Em – Page 2263
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NewsProfit growth expected at Karen Millen
Premium womenswear chain Karen Millen is expected to report profits of £21m for the year to February 2011 when it publishes its annual accounts next month.
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NewsEconomic recovery in jeopardy from planning system, say leading retailers
Britain’s economic recovery is being put in jeopardy by a “creaking” planning system which is frustrating investment and excluding many businesses, a group of leading retailers said.
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NewsNew Look m-commerce sales rocket
Fashion retailer New Look has revealed surging sales through its m-commerce site.
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NewsIceland auction hits setback
The information memorandum for the sale of Landsbanki’s share of Iceland Frozen Foods is expected to go out within the next two weeks but upheavals in the financial markets threaten to derail some bids.
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NewsBanks call in KPMG over Peacocks debt fears
Lenders to value fashion group Peacocks have called in KPMG to conduct an independent business review as fears grow that the retailer is in danger of breaching its banking covenants.
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NewsTesco eyes Garden Centre Group
Tesco is understood to be gearing up for a bid for some or all of the Garden Centre Group.
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OpinionA newish look for New Look
Young fashion retailer New Look has changed a few details for its Stratford store, to good effect.
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NewsTesco clothing boss Richard Jones exits
Tesco clothing boss Richard Jones has left the retailer and is understood to be taking up a role with Irish supermarket Dunnes.
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NewsFrench Connection sets sights on overseas growth as profits rise
Fashion group French Connection has posted a first-half profit after tax for the first time since 2008 and has flagged potential for further international expansion.
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NewsOcado sales up 19.5% but warns margins expected to be lower
Ocado has reported gross sales up 19.5% to £444.6m in the 36 weeks to August 7, but warned that investment in customer service means full year margins are likely to be slightly lower than expected.
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News
Best Buy launches online Marketplace
Electronics retailer Best Buy has launched an online Marketplace in the US.The service offers products from third-party sellers in order to expand the range of items and brands available on Bestbuy.com.Overall, Best Buy Marketplace will increase the number of products available through the company’s website by about a third.
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GalleryThe streets of San Francisco
A small area in the centre of San Francisco has all of the major US brands that characterise the country’s retail activity. They are also where US retail puts its best West Coast foot forward. By John Ryan
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Lev Khasis joins Walmart
International grocer Walmart has appointed Lev Khasis as senior vice-president and chief leverage officer.Khasis is the former chief executive of Russia’s largest retailer, X5 Retail Group. He will report directly to Doug McMillon, who heads Walmart’s international division, and will be responsible for integrating new retail acquisitions and combining purchasing ...
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OpinionIreland's food retail market is a winner
Ireland’s economic woes have been well documented but in food retail it’s not all doom and gloom.
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NewsDebenhams extends m-commerce offer
Department store group Debenhams has laid claim to being “the first on the high street to offer a complete mobile package across all mobile technologies” after launching a mobile-enabled site.
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NewsBlacks finance director to step down
Blacks Leisure finance director Marc Lombardo is to the leave the retailer at the end of this year.
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NewsImprovement in sales continues for John Lewis
John Lewis continued its better start to September with another week of improved trading in the seven days to September 10.
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News
Amazon to launch pure-play ecommerce services
Amazon is expected to launch its pure-play ecommerce services in Spain by the end of this year. Several Spanish publishers have already signed distribution agreements with the internet retailer, but it is likely that Kindle ebooks will be introduced at a later date.Amazon.es is expected to launch with an offering ...
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Woolworths confirms expansion plans
South African retailer Woolworths has confirmed it plans to expand its presence in Sub-Saharan Africa by more than doubling its store numbers on the continent. The move comes in response to Walmart’s African market entry in June.Woolworths spokesman John Fraser said: “We are now getting very serious about Africa expansion ...
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Toys R Us reports net sales growth
Toy retailer Toys R Us has reported a 3% growth in net sales for the second quarter ended July 30, driven by store openings and favourable exchange rates at its overseas operations.However, like-for-like sales fell 2.2% in the US and international markets. The company widened its net loss to $34m ...