More on Me + Em – Page 2451
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News
Apollo Pharmacy to divest 49% stake in pharmacy chain division
Apollo Hospitals, parent company of Apollo Pharmacy, has said it plans to divest of its 49% stake in its pharmacy chain division in order to generate growth funds. Apollo Hospitals executive director of finance Suneeta Reddy told reporters the company would also explore the option of listing the pharmacy unit.During ...
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News
Colruyt posts 7.9% revenue increase
Grocery retailer Colruyt posted a revenue increase of 7.9% for its first half, from E3.29bn (£2.79bn) to E3.55bn (£3bn). For the period ended September 30, gross profit jumped 9.1% to E900.4m (£763m) from E825.2m (£699.3m), which corresponds to a gross profit margin of 25.34% compared with 25.06% last year.
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News
X5 Retail Group to acquire Kopeika
X5 Retail Group has signed an agreement to acquire Kopeika in a transaction with a total enterprisevalue of RUR51.5bn (£106bn) including assumption of debt.As a result of the transaction, X5 will reinforce its number one position in the Russian retail market, mainly in Moscow and the Moscow region where Kopeika ...
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Kroger sales rise 5.9%
Food chain Kroger has announced that total sales, including fuel, for the third quarter rose 5.9% to $18.7bn (£11.9bn). Net income totalled $202.2m (£128.5m), compared with a net loss of $874.9m (£555.9m) reported in the same period last year. The retailer said that all departments experienced positive like-for-like growth during ...
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News
25 Aldi Hellas stores to close
Following its decision to withdraw from the Greek market after just two years of operations, hard discount retailer Aldi Süd is to close the first 25 of its 38 Aldi Hellas stores by the end of December.From November until February next year, more than 500 employees will lose their jobs. ...
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Carrefour Express opens
Carrefour is to open its new pilot convenience store format Carrefour Express today in Caen. The concept - which will be opened in towns and rural areas - has a sales area of between 1,075 sq ft and 2,690 sq ft and will offer about 3,500 SKUs. Carrefour Express has ...
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AnalysisLonely at the top
New leaders are expected to hit the ground running, but they need help settling.
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AnalysisDriving loyalty and footfall through mobile commerce
Mobile retail is empowering consumers, but it can be a positive tool for retailers.
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AnalysisJingle all the way
Festive ad season is here again, but with budgets tighter than ever has this year’s campaign money been well spent? Charlotte Hardie finds out
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AnalysisBeverley Aspinall
The former John Lewis stalwart has turned Fortnum & Mason around and with bold international and multichannel plans there is growth to come. Jennifer Creevy reports
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AnalysisBoxing Day trading
With Boxing Day falling on a Sunday this year, trading hours will be shorter. What impact will this have on retailers in-store and online?
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AnalysisPassing on the VAT increase
With VAT set to rise retailers will struggle to absorb the increase, especially as other costs are rising. Some are already putting prices up to make January’s change less noticeable, Nicola Harrison discovers
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OpinionHappiness is a warm shop
Retail must be at the heart of any survey into the nation’s well-being, says Jacqueline Gold
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OpinionThe heat is on to make up lost sales
A successful retail Christmas is all about planning, but even the best laid plans can’t take account of the extreme cold snap that has paralysed large parts of the country over the past fortnight.
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OpinionWhat goes up...
SuperGroup has been the retail sector’s share price superstar ever since it floated in March.
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GalleryCutting edge
A new look store from the archetypal edge-of-town shed retailer is a surprise, but will it work? John Ryan visits Matalan in High Wycombe
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NewsCocosa expands into luxury lifestyle brand
Private-sales fashion site Cocosa is to expand into new categories and has hired a new managing director with the aim of becoming a luxury lifestyle etailer.