More on Me + Em – Page 2383
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News
Regional electricals chain bought out of administration
Norfolk-based electrical retail chain Bennetts has been bought by Lowestoft-based Hughes Electrical after it collapsed into administration earlier this month.
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NewsHenleys retail arm in administration
Young fashion brand Henleys has shut its 18 stores blaming poor trading and difficult leases for its demise. Its wholesale business is unaffected.
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NewsJJB CVA approved
JJB Sports’ creditors and shareholders have approved the struggling sports retailer’s CVA proposal.
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NewsBig ticket sales show signs of growth but VAT still curbing spending
Sales of big ticket items began to show a month-on-month improvement in February, following the fall in January after the VAT rise, according to data from EBay.
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NewsJJB to reveal result of life-saving CVA today
Troubled sports retailer JJB Sports has said it expects to reveal the results of its company voluntary arrangement (CVA) meetings later today.
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AnalysisWalmart sets its sights on small format expansion
Speaking at an investor conference last week, Walmart US chief executive Bill Simon outlined plans for a much larger foray into small-format retailing than many industry observers had anticipated.
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News
ITM sales up 4% to £30bn
Grocer ITM has grown sales 4% for 2010 to reach nearly E35bn (£30bn) as a result of a strong international performance. Sales in France grew 1.6%. As part of its three-year plan, ITM intends to grow sales per square metre 15% and an extensive remodelling programme will be completed by ...
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News
Couche-Tard Q3 net earnings jump 29.6% to £46m
Convenience store operator Couche-Tard posted net earnings of $71m (£46m) for the third quarter ended January 30, up 29.6% from the comparable period last year. The increase was attributable to growth in merchandise and service sales, the contribution from a rising number of sites offering fuel and the growth in ...
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News
Walgreens sells its pharmacy benefit management business
Walgreens has sold its pharmacy benefit management business Walgreens Health Initiatives (WHI) to Catalyst Health Solutions for $525m (£450m), subject to certain adjustments. The transaction is structured as an acquisition of all the capital stock of WHI.Walgreens will retain and look to continue growing its speciality pharmacy and mail service ...
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News
Blockbuster to go ahead with its proposed £180m sale to investors
Troubled retailer Blockbuster has been given clearance by the US courts to go ahead with its proposed $290m (£180m) sale to investors, overcoming fears that the group may file for Chapter 7 liquidation.The retailer had come under pressure from creditors, including a growing number of movie studios that were owed ...
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News
Gap to close 200 of its 900 stores worldwide by 2013
Clothing giant Gap is to close 200 of its 900 stores worldwide by 2013, and has stated that part of its difficulties are due to it not investing enough in attracting ethnic minority customers in the US. Chairman and chief executive Glenn Murphy said Gap’s market share among African-, Asian- ...
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News
Oxo total revenue jumps 16.3% to £3.2bn
Convenience store chain Oxxo has reported a total revenue increase of 16.3% for the 2010 financial year, up to 62.3bn pesos (£3.2bn). Sales growth was driven by the opening of 1,092 net new stores during the year and a 5.2% increase in like-for-like sales. Store traffic experienced a 3.9% increase, ...
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News
Mercadona gross sales up 6.3% to £341m
Grocer Mercadona has reported gross sales of E16.5bn (£14.2bn) for the 2010 fiscal year, up 6.3% from last year. Net income was E398m (£341m), a 47% increase compared with 2009. The company invested about E600m (£515m), opening a net total of 46 stores.Mercadona reduced prices by an average of 4% ...
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NewsVideo: Marks & Spencer shifts marketing focus
Marks & Spencer will tomorrow launch its spring advertising campaign featuring the use of ‘Only at Your M&S’ branding for the first time and including its first menswear TV ad.
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NewsHMV hires Comet's Ewan Pinder as head of technology
HMV has appointed Comet head of merchandising and store development Ewan Pinder as its head of technology.
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NewsCarphone Warehouse and Best Buy launch royal wedding phone
Carphone Warehouse and Best Buy are the latest retailers to jump on the bandwagon of royal wedding memorabilia with the launch of a special-edition royal wedding phone.
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NewsNew Look CEO Carl McPhail resigns
New Look chief executive Carl McPhail has resigned, and founder Tom Singh returns to the business.
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NewsTK Maxx unveils radical new ad message
TK Maxx has unveiled its spring television advertising campaign which breaks with tradition and lets shoppers into the closely-guarded secret, that the chain deals directly with designers rather than just sourcing old season stock.
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NewsTesco launches kids' wedding wear
Tesco has launched its first collection of bridesmaid and page boy outfits as part of its Florence & Fred (F&F) kidswear range.