More on Me + Em – Page 2402
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News
JC Penney to close underperforming stores
Mid-market department store retailer JC Penney has outlined plans to close underperforming stores, wind down its catalogue and outlet operations and consolidate its call centres.At the same time, the retailer announced that investor William Ackman will sit on the chain’s board. Ackman’s Pershing Square Capital Management along with Vornado have ...
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News
Blockbuster faces eviction from dozens of US stores due to unpaid rent
Blockbuster reportedly faces eviction from dozens of US stores where it has not paid rent, adding to the bankrupt company’s troubles. According to local press, four landlords have asked a bankruptcy judge to order immediate rental payment for 38 of the company’s stores.
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News
Woolworths H1 sales up 9.8%
Upmarket food and clothing retailer Woolworths reported group sales grew by 9.8% year-on-year in the first half ended December 26, 2010, along with positive margin development after more effective cost control. Pre-tax profit increased by 22.1% during the period. Food sales grew by 11.8%, while clothing sales were up 11.5%.In ...
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News
Carrefour's Promocash to be rolled out to 20 stores this year
Carrefour’s new Promocash concept is to be rolled out to some 20 stores this year following successful trials in Lille, Macon and Rouen, it is understood.The new Promocash concept emphasises fresh food and the non-food product offer and has a modernised wine cellar.Promocash has also enhanced its ecommerce offer, which ...
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News
PPR up 7.5% to £12.3bn
Luxury goods and retail company PPR reported total group revenue from continuing operations was up 7.5% to €14.6bn (£12.3bn) in the 2010 fiscal year, from €13.6bn (£11.5bn) in 2009.Recurring operating income was up 23.5% to €1.53bn (£1.29bn) from €1.24bn (£1.04bn) in 2009.
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NewsRetail sales growth slows sharply as prices rise to 1991 levels
The pace of retail sales growth slowed sharply in February as prices soared to 1991 levels according to the CBI.
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NewsTK Maxx parent to slow pace of growth in Europe as profits collapse
The parent company of TK Maxx and HomeSense is to slow its pace of growth in Europe in a bid to get back on track after a 52% fall in full year profits.
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NewsLand of Leather brand up for sale
The Land of Leather brand is up for sale, just over two years after the business collapsed into administration.
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NewsMarks & Spencer hires Inditex man to lead international expansion
Marks & Spencer has drafted in Inditex director Jan Heere as its international director.
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NewsHigh and Mighty revamps website in chase for sales
Specialist plus-size fashion retailer High and Mighty relaunched its website last week in a bid to double its online sales over the next year.
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NewsTwinings seeks site for London flagship
Famous tea brand Twinings is on the hunt for a Central London flagship store that will be its first opening in 300 years.
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NewsTop Dog at Topshop
The Topshop Unique London Fashion Week show was themed ‘dogs meet mice somewhere in early Hollywood’.
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NewsRetail mourns Nigel Whittaker
The retail industry paid tribute this week to Nigel Whittaker, the former Kingfisher director who died last weekend after a long illness.
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AnalysisHow to profit from international SEO
Used correctly, SEO is the key to making money in new online territories. Alison Clements asks the experts how it’s done
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OpinionBest Buy beats a retreat
Many of the world’s biggest retail names have been humbled when, bolstered by strength in domestic markets, they are emboldened to venture overseas.
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AnalysisGrand designs
Zara not only took on a five-floor design challenge with its new Rome flagship, but also a huge restoration project. John Ryan pays a visit
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AnalysisThe shop of the new
Many of Europe’s biggest store equipment manufacturers will launch their next generation products at EuroShop. Mark Faithfull looks at some of the innovations to be unveiled in Düsseldorf
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NewsTesco drives Clubcard loyalty online
Tesco is rolling out its online Clubcard services as it seeks to ramp up its digital operation.
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Opinion
Super(market) Tuesday
The top three grocers were all in action yesterday, and it promises to be a fascinating few months for the food sector