More on Me + Em – Page 2315
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NewsJudith McKenna promoted to become Asda chief operating officer
Asda has named Judith McKenna as chief operating officer, succeeding Simon King.
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NewsStart of Clearance fires John Lewis sales
John Lewis sales soared 18.2% excluding VAT in the week to 25 June, with the start of its Clearance sale driving a strong week.
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NewsTesco row hits supplier profits
Food giant Premier Foods has partly blamed a proft warning on the delisting of some of its Hovis products by Tesco.
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NewsEx-Tesco man McCann resurfaces at Ahold
Highly rated former Tesco and Carrefour man James McCann has joined Dutch grocer Ahold in a new role of chief commercial and development officer.
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Rite Aid reports level revenue
Rite Aid has reported revenues of $6.4bn (£4.01bn) for the first quarter ended May 28, unchanged on the figure for last year’s first quarter.Like-for-like sales increased 0.8% as front-end like-for-likes were flat and pharmacy like-for-likes rose 1.1%.Net losses were $63.1m (£39.6bn) compared with last year’s first quarter net loss of ...
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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, which has been completely refurbished, with underperforming hypermarkets closed and costs reduced. Sale talks with financial investors are currently underway.Nothing concrete is in place yet, as Metro - which is looking to sell the chain ...
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Carrefour increases stakes in China
Carrefour has agreed to increase its majority stakes in three hypermarket operators in China, the retailer said in a statement. Carrefour will buy out Taiwan-based partner President’s 20% holding in Guangzhou and 45% stake in Tianjin Jiafu.It will also increase its holding in Chongqing to 65% from 55%.
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French competition authorities approve Saturn's 34 acquisitiion
The acquisition of Metro Group-controlled Saturn’s 34 Saturn consumer electronics stores in France has been approved by the French competition authorities with conditions. The chain is to be sold to HTM Group, the operator of the Boulanger banner, and is due to take effect today.HTM will take over existing staff, ...
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Kroger to concentrate on existing markets
David Dillon, chief executive of US grocer Kroger, has said the retailer will concentrate its efforts on pushing sales at existing stores, rather than seek to enter new markets or make acquisitions. Speaking at the company’s AGM, Dillon said even though several small chains had been snapped up in recent ...
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NewsKesa forecasts slashed as costs rise
Anglo-French electricals group Kesa, which last week posted full-year results and confirmed it may sell UK chain Comet, is on broker Shore Capital’s sell list.
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NewsWorse to come?
More misery expected as retailers collapse and pressure on disposable income mounts
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NewsDreams grows market share but profits drop
With turnover up to £300m, the beds specialist has grown its market share
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NewsFormer Molton Brown chief exec joins Whittard
Tea specialist Whittard of Chelsea has appointed former Molton Brown chief executive Sara Halton as managing director as the retailer looks to expand.
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NewsNew MD will kick-start Ann Summers rebrand
Ann Summers’ new managing director Vanessa Gold will kick-start a rebrand of the business when she takes the helm at the lingerie and sex toy specialist.
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NewsSchuh to step up UK growth following sale
Footwear retailer Schuh is to accelerate expansion in the UK following the sale of the 59-store business to US-based retail group Genesco for £125m last week.
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NewsMamas & Papas aims for 30 more UK stores in five-year expansion
Maternity retailer Mamas & Papas is to focus on expanding domestically and overseas as well as online as part of its a five-year strategy.
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NewsIn focus: New Look
Until 2010, New Look was one of fashion retailing’s winners, enjoying double-digit sales growth in five of the previous six years and consistently high operating margins
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AnalysisThe not-so-usual suspects
Customers are increasingly defying stereotypes, so fitting them into traditional marketing segments is getting harder. Rebecca Thomson finds out how to deal with the changes
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AnalysisInditex is made to measure for tough market conditions
The release of the second-quarter results of the two largest global fashion retailers, Inditex and H&M has sparked discussion that the Spanish company is on the verge of overtaking H&M, as the most valuable listed fashion retailer.
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