More on Me + Em – Page 2289
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NewsConsumers more cash-strapped than ever
British consumers have never felt so strapped for cash as rising utility bills leave little money left over for basic needs.
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NewsPeter Williams parachuted into Blacks as interim chairman
Former Selfridges chief executive Peter Williams has been appointed interim chairman of outdoor goods specialist Blacks Leisure until a permanent replacement is found.
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OpinionTime to stop the supermarket space race
As the realities of both the severity and the length of the uncomfortable squeeze on real incomes and retail sales become more evident, Mary Portas and David Cameron look increasingly like the leading players in a Murdoch-directed horror movie: we can only hope that it doesn’t become a disaster movie.
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GalleryIn pictures: Bringing out the best
In the most trying of circumstances this week retailers bonded with the affected communities like never before.
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GalleryIn pictures: Manchester riot damage
Retailers in Manchester were faced with cleaning and repairing damage to stores this morning after rioters took to the streets last night.
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NewsRiots calculated to have cost retailers £80m in lost sales
The mayhem caused by rioters has so far cost retailers £80m in lost sales, equating to £2.5m per working hour, as stores shut early and shoppers avoided trouble-spots.
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NewsSainsburys names Mark Horgan as marketing director
Supermarket group Sainsbury’s has named MasterCard executive Mark Horgan as marketing director.
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AnalysisDIY is the next frontier for Australia’s grocery giants
Australia is a market that fared well during the economic recession thanks to its proximity and strong ties to Asia’s emerging markets.
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News
Department store operator Falabella reports net profit increase
The country’s largest department store operator Falabella reported its second-quarter net profit up 13.7% to CLP108.7bn (£141.6m) on the back of robust domestic demand throughout South America.Falabella’s regional expansion plans paid off as stores in Chile, Colombia and Peru also boosted the retailer’s bottom line.Sales soared 13.3% year-on-year to CLP1.25trn ...
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NewsRetail Trust launches campaign to help riot-affected shopkeepers
The Retail Trust has launched a campaign to raise funds for staff and shopkeepers affected by the riots ravaging the UK.
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News
AS Watson reports total revenue rise
AS Watson reported total revenue rose 17% to HK$67.23bn (£5.28bn) in the first half to June 30. The health and beauty, and grocery retailer reported EBIT increased 25% to HK$3.55bn ($456m), which the company attributed to the management’s strong commitment to improving operating efficiencies, reducing inventory levels, increasing centralised purchasing ...
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News
X5 Retail Group introduces new convenience store format.
X5 Retail Group has introduced a new concept of its Perekrestok Express convenience store format.The new stores have a smaller sales area, ranging from between 755 sq ft and 2,155 sq ft, and the product range includes ready meals, convenience food and fresh bakery products. X5 plans to introduce a ...
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News
Delhaize Group reports second-quarter sales increase
Delhaize Group has reported second-quarter sales reached E5.1bn (£4.4bn), corresponding to an increase of 4.2% at actual exchange rates compared with the same period in 2010. Net profit rose 1.9% to E117m (£101.7m) while operating profit decreased by 7.8% to E209m (£181.6m).Delhaize Group plans a net addition of 115 to ...
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News
Metro Group posts first half results
Metro Group has posted results for its first half, showing that sales rose by 0.1% to E31.3bn (£27.1m) compared with the previous year. In local currency, sales grew by 0.2%. Net profit for the period, before special items, reached E83m (£72m) compared with E127m (£110.2m) in 2010.Sales in the international ...
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Neiman Marcus announces impressive preliminary results
Upmarket department store chain Neiman Marcus has announced impressive preliminary results for its fourth quarter and full year for 2011. Net sales at the retailer rocketed 11.3% in the fourth quarter to $920m (£564.4m). In the same period, Neiman Marcus Direct revenues were 11% above last year.Like-for-like sales for the ...
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NewsOne in ten UK businesses impacted by riots
Over 10% of the UK’s retail and leisure businesses have been directly impacted by riots and looting with 48,404 businesses impacted.
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Opinion
House of Fraser's new site
Department store House of Fraser has launched a redesigned version of its transactional website.
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NewsTwo further TJ Hughes stores saved by Lewis Home Retail
Two more TJ Hughes stores have been bought out of administration by Lewis’ Home Retail.
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NewsJD estimates riot damage will be £10m
JD Sports Fashion has estimated the financial impact of the riots to be more than £10m for the retailer.