More on Me + Em – Page 2390
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NewsJD Sports Fashion and JJB Sports talks are off
JD Sports Fashion has announced it has no intention to make an offer for JJB Sports, claiming JJB has failed to reveal key information about the business.
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Kroger sales up 7.1% to £50.5bn
Grocer Kroger reported that sales for the full year increased 7.1% to $82.2bn (£50.5bn). Excluding fuel, total sales increased 3.4% while like-for-like sales were up 2.8%. Net income amounted to $1.12bn (£688m), compared with the $70m (£43m) reported in fiscal 2009. Operating profit totalled 2.65% of sales during the fiscal ...
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NewsCarphone Warehouse to push android sales through TV campaign
Carphone Warehouse is launching a TV campaign tomorrow that will promote android sales through a 3D animated green character.
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Regional electricals retailer in administration
Norfolk-based electrical retail chain Bennetts has collapsed into administration.
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NewsMulberry profits to "exceed expectations"
Upmarket handbag brand Mulberry has announced that sales and profits for the year to 31 March are going to “exceed market expectations”
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NewsFlat week for John Lewis, but Waitrose up
John Lewis sales were flat in the week to 5 March, while sister department chain Waitrose managed a 9.3% increase.
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NewsIn Focus: Jigsaw
Jigsaw is an established member of the upmarket fashion scene that in 2003 spawned the younger, more mid-market Kew format and in 2005 acquired the Cabbages & Roses brand, plus the iconic but troublesome The Shop at Bluebird on London’s King’s Road.
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NewsGame faces tough task of etail growth
Game’s pledge to plough £15m into online and digital gaming was applauded by Espirito Santo but it was concerned that sales growth might not offset the investment.
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NewsDixons Retail expected to stay on top of rival Kesa
Currys and PC World owner Dixons Retail is expected to continue to outperform arch-rival Kesa, owner of Comet, Shore Capital maintains.
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NewsOcado sales boost fails to convince the City
Ocado posted a first-quarter performance in line with City expectations, but some brokers continue to question the online grocer’s model.
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NewsBrokers believe the ‘worst is over’ for M&S share price
Brokers spotted opportunity in Marks & Spencer, despite evidence that clothing and general merchandise retailers continue to suffer tough trading.
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NewsNew plan for Leeds development anchored by M&S and John Lewis
Developer Hammerson has resubmitted an outline planning application to Leeds City Council for a 1 million sq ft scheme that was mothballed during the recession.
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NewsSuperdrug launches new shopfit as part of ‘take another look’ strategy
Superdrug is to unveil a new store format in southwest London on March 25 as part of its plans to encourage customers to “take another look” at the retailer.
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NewsJessops to open new store format in Birmingham
Camera retailer Jessops is to open a new store format in Birmingham at the end of the month.
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NewsFocus strikes deal to keep monthly rents
DIY group Focus has won agreement from most of its landlords to carry on paying monthly rents from the end of this month.
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NewsControversial asset-based refinancing tops up TJ Hughes
Value department store group TJ Hughes has refinanced using an asset-based facility rather than conventional borrowing.
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NewsJJB meets its shareholders ahead of fundraising plea
JJB Sports chief executive Keith Jones has visited the US to brief big shareholders in preparation for the retailer’s next round of fundraising.
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Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
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NewsCarpetright shuts Ireland stores after steep sales fall
Carpetright has become the second high-profile UK retailer to close stores in Ireland over the past two weeks as retail sales continue to plummet in the country.
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NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).