More on Me + Em – Page 2276
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OpinionThe dark before the dawn
Retail Week gave its edition of August 12 the strapline ‘Retail’s Darkest Week’. This may turn out to be not too much of an exaggeration, but because of more than riots.
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AnalysisValue fashion online
Primark has quashed reports it is launching a transactional website. We examine the pros and cons of making such as move
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News
Woolworths predicts tough future
Woolworths has released its full-year financial results and sees tough times ahead despite gains during the year. In the year up to June 26, net sales increased 4.7% including petrol (4.1% excluding petrol) to Aus$54.14bn (£34.62bn). Net profit rose 5.1% to Aus$2.12bn (£1.36bn) up from the previous year’s Aus$2.02bn (£1.29bn).However, ...
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News
Williams-Sonoma revenue up 5.1%
Home furnishings retailer Williams-Sonoma has reported net revenues up 5.1% to $815m (£498m) for the second quarter ended July 31. Net earnings were up 4.8% to $39m (£24m). The consolidated revenues were driven by a strong comparable brand growth rate, a measure that includes both like-for-like net revenues and total ...
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News
Gap to open in Vietnam and Guam
Gap has announced plans to open its first stores in Vietnam and Guam through its franchise channel. In Vietnam, the first two Gap stores will open in Ho Chi Minh City this October followed by Hanoi in 2012.Banana Republic will make its debut in late 2012. The first Gap store ...
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News
Mercator reports first-half revenue of €1.4bn
Mercator has reported first-half revenue of €1.4bn (£1.24bn), up 6.1% year-on-year. Net profit grew by 4.9% to €18.5m (£16.3m). The company’s measures for the period included lowering the prices of more than 2,000 products, which required an investment of almost €12m (£10.6m). The sales area of the company’s operations grew ...
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News
Ahold operating income drops
Ahold saw operating income drop 4.9% to E719m (£634.5m) in the first half of 2011. Net sales reached E16.1bn (£14.2bn), up 1.7% in comparison with the same period in 2010. In the second quarter, net sales dropped 3.5% to E6.9bn (£6.1bn). Ahold’s US operations saw net sales increase by 6.5% ...
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News
Home Depot to roll out click and collect
Home Depot is to roll out its Buy Online, Pickup In-Store service across its US stores during the third quarter of 2011. The service currently runs in around 100 Home Depot stores. The move is in line with the retailers’s stated focus on “interconnected retail”, based on the view that ...
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News90% of shoppers expect food prices to go up in next year
90% of shoppers expect food prices to be more expensive in the year ahead and will use different retailers and store sizes in a bid to get the best prices.
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NewsWaterstone's to axe 3 for 2 offer
Waterstone’s is axing its popular 3 for 2 discounts on books in one of the most dramatic changes so far under new boss James Daunt, it is understood.
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NewsPIRC advises Sports Direct shareholders to block Mike Ashley deal
Sports Direct shareholders have been urged to oppose an £86.6m property acquisition from founder Mike Ashley by shareholder representative group PIRC.
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NewsBargain Booze up for sale with £100m price tag
Bargain Booze has been put up for sale by its private equity owners with a price tag of up to £100m.
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NewsWHSmith launches £50m share buy-back programme
WHSmith is to run another £50m share buy-back scheme this financial year following the success of last year’s programme.
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NewsConsumer confidence slides to recessionary low
Consumer confidence fell in August back to its level in April and only matched during the turbulent periods of 2008/09 and in early 1990.
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NewsTesco to sell its Japan business
Tesco is to sell its business in Japan as it said it could not build a “sufficiently scalable” operation.
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GalleryIn pictures: M&S drafts in new celebs to front brand ad campaigns
Marks & Spencer has drafted in new celebrity faces to front print, in-store and online campaigns which focus for the first time on brands including Autograph.
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NewsOcado urged to shelve plans for second fulfilment centre
Online grocer Ocado should abandon plans for a £210m second customer fulfilment centre until it proves that it has a viable business from its first, according to a leading broker.
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NewsIkea Foundation donates $62m to East Africa relief effort
The Ikea Foundation has donated $62m (£38m) towards the relief effort in East Africa.
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NewsCrate & Barrel to start brand building as it prepares for first UK store opening
US furniture giant Crate & Barrel is to start brand building and will launch a UK website as it prepares to open its first store in the country.
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NewsCredit insurers put value clothing retailers on watch list
Value clothing retailers are coming under increasing scrutiny from credit insurers as trading conditions remain tough.