More on Me + Em – Page 2285
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NewsDebenhams reveals Indian expansion plans
Department store Debenhams has revealed major expansion plans for India, according to reports.
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NewsTK Maxx owner triples profits in Q2
TJX Europe, the parent company of off-price fashion chain TK Maxx, tripled its profits in the second quarter of 2011 as like-for-like sales in Europe remained stable.
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NewsPandora's float investigated as police called in
Denmark’s financial regulator has called in the police to investigate a bank involved in jewellery chain Pandora’s float.
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NewsWestfield Stratford 95% leased
Westfield Stratford is 95% leased or committed ahead of its opening next month.
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NewsLondon footfall slumps amid riots
Footfall slumped in London last week as people stayed away from the high street to avoid the riots and retailers shut up shops.
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Amazon launches cloud-based version of Kindle
Amazon has launched a cloud-based version of its Kindle e-reader, allowing users to buy and read Kindle e-books from any device from within a web browser. Based on HTML5, the reader requires no download or installation and automatically stores books locally for offline reading.The move comes just two weeks after ...
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Celesio reports first-half sales decrease
Drug distributor and pharmacy operator Celesio reported first-half sales down 1% to E1.75bn (£1.5bn) in its retail division, which includes Lloydspharmacy in the UK and DocMorris on the continent. The division’s pre-tax earnings fell 25.6% to E102.1m (£88m). The company attributed the decline to government measures and a fall in ...
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Indian government allows foreign direct investment
The Indian government has agreed in principle to allow foreign direct investment in multibrand retail joint ventures with an investment cap of 51%. The country already allows foreign companies to invest up to 100% in wholesale operations and 51% in single-brand retail operations. The change in the policy came about ...
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NewsCos to open two new stores in London
H&M-owned retailer Cos is to open two new stores in London this autumn.
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Second-quarter sales jump at Cencosud
Cencosud’s second-quarter sales jumped 21% to CLP1.8trn (£2.3bn). Chief executive Daniel Rodriguez recently said sales could top $14bn (£8.6bn) this year.During the period of global economic recovery in 2010, Cencosud invested $800m (£490m) in organic growth in the region and bought the Bretas supermarket chain in Brazil for an extra ...
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Walmart hires investment bank to advise on potential takeover
Walmart has hired investment bank UBS to advise on a potential takeover of Carrefour’s Brazilian subsidiaries, according to reports.Both Walmart and Carrefour have remained tight-lipped about the rumoured takeover, but it is understood that Walmart is assembling a team of expert advisers prior to making a bid.Talk of a takeover ...
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Zara makes African debut
Spanish clothing chain Zara, owned by Inditex, will make its African debut at the Sandton City shopping mall in Johannesburg on November 10. Zara has chosen to enter South Africa through the corporate store route, paying import duties at cost instead of opening through franchise outlets where it would need ...
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NewsShopper footfall resilient last week despite riots
Shopper traffic remained resilient last week, despite widespread rioting and looting during which retailers were targeted.
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NewsPoundworld invests in staff wellbeing after Undercover Boss TV show
Single price point retailer Poundworld is investing almost £500,000 in staff wellbeing initiatives after it appeared on Channel 4’s Undercover Boss series last week.
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NewsAsda Q2 like-for-likes up 0.5%, but operating income declined due to Netto acquisition
Asda has reported like-for-like sales up 0.5% excluding VAT in its second quarter from April 1 to June 30.
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NewsMorrisons leads big four, while Aldi reports all-time record share
Morrisons was the only one of the big four to grow market share in the latest Kantar figures, while Aldi was the winner overall with growth of nearly 25%.
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NewsWilkinson profits hit by rising costs, VAT hike and exchange rates
Wilkinson pre-tax profits fell from £65m to £61m in the year to January 28 as the value retailer was hit by rising commodity prices, the increase in VAT and fluctuating exchange rates.
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NewsHarrods to launch online magazine and new mobile site
Harrods is to launch an online magazine and transactional mobile site this autumn as it develops its digital offer.
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NewsMorrisons founder to pay £210,000 fine over share sales
Supermarket veteran Sir Ken Morrison is close to reaching a settlement with the FSA over non-disclosure of share sales.