More on Me + Em – Page 2308
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News
International expansion for Netfix
Netflix is to launch its subscriber video streaming service across 43 countries in Central America, South America and the Caribbean this year, marking the next phase of its international expansion. The company said that customers in those regions will gain access to local and foreign TV programmes as well as ...
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Duane Reade to open flagship store on Wall Street
Drugstore chain Duane Reade is to open a new 22,000 sq ft flagship store on Wall Street with a more upmarket focus. The location will be the store’s first pharmacy linked to Walgreens’ pharmacy system, which means that customers can have their Walgreens pharmacy information available at Duane Reade’s new ...
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News
Boulanger begins rebrand of Saturn stores
Consumer electronics retailer Boulanger has begun the rebranding of the Saturn stores it acquired from Metro Group last week. HTM Group, the owner of Boulanger, plans to rebrand the Saturn stores to Cap Boulanger, and then to Boulanger by 2014.Six Saturn stores are going to be remodelled by the end ...
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Metro Group prepares for sale of hypermarket chain Real
Metro Group is said to be preparing for the sale of its hypermarket chain Real with hopes of achieving R2bn (£1.7bn) for the company’s stores.Though the official sale process has not begun, investors including KKR, Apax and Apollo, as well as a French investor group led by former chief executive ...
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Pick n Pay considers job cuts
Grocery retailer Pick n Pay is considering cutting 3,100 jobs, equating to 8.5% of its non-franchise sales floor workforce, due to decreased profitabilty.The retailer announced a drop in operating profit of 14.2% to R1.4 billion (£12.5m) at the end of its last financial year ended 28 February.Pick n Pay operations ...
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NewsBurberry like-for-likes up 15% in first quarter
Strong sales of menswear, accessories and kidswear aided double-digit sales growth at Burberry for the three months to June 30.
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NewsThe Body Shop first half like-for-likes up 2.6%
The Body Shop has reported like-for-like sales for the first half of 2011 to June 30 up 2.6%.
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NewsSuperGroup full-year profits more than double
Profits at SuperGroup, owner of the Superdry brand, more than doubled last year and the fashion retailer expects success to continue.
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NewsTopps Tiles sales dip in third quarter
Topps Tiles like-for-likes declined 1.9% in the 13 weeks ended July 2.
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NewsThorntons like-for-likes fall 10.6%
Thorntons has reported a like-for-like sales decline of 10.6% in its own stores in the eight weeks to June 25.
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NewsMarks & Spencer makes market share gains as sales rise
Marks & Spencer has posted a total sales rise of 3.2% in its first quarter, when it reported market share gains in fashion and food.
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News
Trent holds plans to open Arcadia Group outlets
Tata Group’s retail arm Trent has put on hold plans to open Arcadia Group outlets in the country to instead focus on Inditex-owned brand Zara.The company had entered into a franchisee agreement with Arcadia Group three years ago and was planning to open at least 15 stores for Arcadia’s Topman ...
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News
Japanese retailer AEON reports revenue decline
Multi-brand Japanese retailer AEON has reported a decline in revenue to ¥1.2trn (£9.1bn) for the first quarter of the financial year ended 31 May, down from JPY1.21trn (£9.2bn) for the same period in 2010.Net profit also fell, to ¥5.76bn (£47.3m), though operating profit grew to ¥28.3bn (£0.2bn). The company is ...
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News
Net retail sales increase at X5
Grocery giant X5 said consolidated net retail sales increased by 41% to RUB112.2bn (£2.44bn) in the second quarter of the financial year.The impressive performance was attributable to X5’s supermarket chains, Perekrestok and Pyaterochka which saw sales up 18% on a like-for-like basis. During the quarter, X5 added 138 net new ...
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News
SPAR to launch a new convenience concept
SPAR in Switzerland has entered into a partnership with A H Meyer & Cie AG, to launch a new convenience concept, SPAR express at AVIA petrol stations. The first outlet opened in Zurich last week, with a second opening due this week. The SPAR express stores have a sales area ...
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News
Grocer Albertsons to banish self-checkouts
Grocer Albertsons is to banish self-checkouts from all of its stores in a bid to increase its customer service offer. Due to the costs involved with flooring and conduits, the retailer will be removing the self-checkout lanes relatively slowly, in line with the current store remodelling programme.In some stores, the ...
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NewsEBay may be liable for counterfeit goods
EBay was struck a blow today as the European Court of Justice ruled that online marketplaces cannot shirk responsibility for counterfeit goods sold on their sites.
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NewsMorrisons to sponsor ITV series
Morrisons is to sponsor a new ITV1 TV programme this summer called Born to Shine.
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NewsSainsbury's parts ways with Jamie Oliver
Sainsbury’s has ended its relationship with celebrity chef Jamie Oliver with the Christmas campaign being his final swan song after 11 years.
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OpinionProperty panic
The retail property industry is worried that they might be made the whipping boys in the Portas high street review