More on Me + Em – Page 2428
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News
Aeon to expand My Basket neighbourhood stores to 1,000 shops by 2013
Retail giant Aeon plans to expand the number of My Basket neighbourhood stores to about 1,000 shops by 2013. Most stores are expected to open in Tokyo.My Basket was launched in December 2005 and, although the average size of 1,615 sq ft is only slightly larger than typical convenience stores, ...
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News
Best Denki sales increase 0.8% to £1.9bn
Sales at consumer electronics retailer Best Denki increased 0.8% to ¥253.3bn (£1.9bn) in the nine months ended November 30, 2010.Operating profit was ¥4.8bn (£36.5m) compared with an operating loss of ¥3.8bn (£26m) in the same period the previous year. Net profit was ¥896m (£6.5m) compared with a net loss of ...
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OpinionDon’t fall into the VAT trap
Get beyond the VAT rise and focus on the retail essentials to succeed, says Angela Spindler
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News
Ikea profit rises 6.1% to £2.3bn
Ikea has reported that net profit for the year ended August 30, 2010 rose 6.1% to €2.69bn (£2.3bn). Sales soared 7.7% to €23.1bn (£19.3bn).Ikea said sales grew in almost all countries but highlighted China, Russia and Portugal as showing the strongest increases. Ikea group president and chief executive Mikael Ohlsson ...
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News
Gap's Athleta opens store in San Francisco
Gap’s Athleta brand, which was until now only available through Gap’s online platform, has opened its first retail location in San Francisco.The store offers Athleta’s collection of women’s active lifestyle apparel for yoga, running, swimming, the gym, hiking and skiing alongside other sportswear. Custom-made mannequins moulded from the body of ...
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News
Falabella to invest £2.3bn to open 215 new stores and 16 new shopping centres
Department store and DIY retailer Falabella is accelerating its growth plans and now aims to invest $3.51bn (£2.3bn) between 2011 and 2015 to open 215 new stores and 16 new shopping centres.The retailer, which opened 27 new stores and three new shopping centres last year, previously expected to invest $2.57bn ...
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News
Ahold to open first store in Belgium
Dutch grocery retailer Ahold is going to open its first store in Belgium in March.The store in Brasschaat, located north of Antwerp and less than 10 kilometres from the Dutch border, will be franchise-owned by Nathalie and Marco Van Ende and supplied by the existing Albert Heijn warehouse in Tilburg, ...
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News
Carrefour considers JV with Future Group in India
French retailer Carrefour may announce plans for a joint venture with Future Group in India soon, as chief executive Lars Olofsson is expected to visit India later this month or early February.The retailer is known to be in talks with India’s largest retailer Future Group, and has reportedly arrived at ...
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NewsSir Stuart Rose joins Woolworths South Africa
South African food and clothing retailer Woolworths Holdings has appointed former Marks & Spencer chairman and chief executive Sir Stuart Rose as a non-executive director.
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NewsAsda to open 22 new phone concessions this year
Asda will open another 22 phone shop concessions this year after a successful trial of two of them in its Manchester Eastlands and Sutton Coldfield superstores.
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NewsAmazon agrees takeover of Lovefilm
Online giant Amazon has agreed the full acquisition of film rental specialist Lovefilm.
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NewsEBay reports strong Christmas, led by fashion
Etail giant eBay has reported a strong fourth quarter in the UK. Sales rose 170%, led by fashion as sales of clothes, shoes and accessories outperformed.
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NewsLeading record companies lend backing to HMV
The chiefs of seven leading record companies have come out in support of HMV, saying that they are continuing to supply the retailer as normal and praising the unique role it plays in supporting the music industry in the UK.
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NewsLaura Ashley profits to beat expectations
Strong trading over Christmas means fashion and homewares business Laura Ashley now expects full year pre-tax profit to be “significantly higher” than previously expectated.
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NewsPrimark Christmas sales leap but rising cotton prices pose threat
Primark has reported first quarter sales up 12% year on year despite the snowy pre-Christmas weather, but warned that higher cotton prices are expected to affect margins.
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AnalysisJim Hodkinson
The retail veteran will be able to call on decades of experience as he takes on his latest challenge at Floors-2-Go.
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NewsCath Kidston appoints new managing director as sales surge 52%
Fashion and homewares specialist Cath Kidston has appointed former Habitat chief executive Mark Saunders as managing director and reported strong Christmas trading.