More on Me + Em – Page 2299
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News
Tata Group proposes to open Massimo Dutti stores in India
Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India.The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar joint venture to ...
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News
Indian government panel recommends easing restrictions
An Indian government panel is said to have recommended easing restrictions on Foreign Direct Investment in Indian retail, which could allow international companies to own as much as 51% of multichannel retailers if they invest a minimum of $100m (£61.3m). This would allow retailers such as Walmart and Carrefour access ...
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News
DocMorris Apotek records a loss
DocMorris Apotek has recorded turnover of SEK205.4m (£19.9m) and a loss of SEK121.5m (£11.7m) during its first 10 months of trading to end of December 2010.The company said that its strategy was to invest only in new locations and to establish a brand, which meant that there would be no ...
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News
Shoppers Drug Mart announces increase in sales
Shoppers Drug Mart announced a 1.4% increase in sales to CAD2.39bn (£1.55bn) for its second quarter ended June 18.Growth was driven by increases in non-pharmacy sales in all regions of Canada. On a like-for-like basis, total sales increased 0.8%.Prescription sales decreased 1% to CAD$1.15bn (£746m) during the quarter, as growth ...
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NewsMusgrave sets up €10m fund for Superquinn suppliers
Musgrave Group has set up a €10m fund to help suppliers who have experienced losses not covered by credit insurance as a result of the receivership of Superquinn.
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NewsAmazon sales surge but profits dip following investment
Online giant Amazon said second quarter group sales surged 51% to $9.91bn but net income fell in the period.
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NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
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NewsGame rolls out digital games across global store estate
Game has begun selling its digital games range in all stores across the group as the retailer continues its transformation into a fully multichannel business.
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NewsTesco to launch £15 bundle Back to School deal
Tesco is to launch a bundle deal on its Back to School clothing for £15.
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NewsContinued Irish retail sales slump as fashion and electricals suffer
Ireland retail sales have continued to slump, falling 6% on a like-for-like basis in the second quarter, down from 3% in the first quarter.
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NewsWaitrose to launch into fashion
Waitrose is to introduce fashion for the first time at its flagship Canary Wharf store in London.
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NewsSupermarket construction surges 42% since 2008
Supermarket construction has propped up the retail property sector as shopping centre construction contracts.
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NewsAmerican Apparel to launch online eBay shop
US fashion chain American Apparel is to launch an ecommerce shop on eBay in September in an effort to expand its distribution base beyond its own stores.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
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NewsGames Workshop profits slip as it invests in training and product
Fantasy board game specialist Games Workshop experienced a slide in pretax profit from £16.1m to £15.4m in the year ending May 29.
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NewsSuperquinn directors to be questioned
Superquinn directors may be questioned in the High Court today as the wrangling over the future of the grocer continues.
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NewsRyness sold to Marlowe Holdings
Lighting and electricals chain Ryness has been sold to Marlowe Holdings, the holding company of Edmundson Electrical which supplies electricals to trade and industry.
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NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
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NewsLabour Party calls for temporary cut in VAT to boost economy
The Labour Party has launched a campaign to save the high street, outlining a four point plan that includes temporarily cutting VAT to 17.5%.
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NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.