More on Me + Em – Page 2496
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GallerySainsbury’s goes supersize
Sainsbury’s has opened its largest store to date, but does bigger mean more for the shopper? John Ryan visits the new store in Crayford
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NewsFormer Russell & Bromley chairman dies
Peter Bromley, former chairman of premium footwear retailer Russell & Bromley, has died of lung cancer at the age of 68.
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NewsGap drops new logo
Gap has dropped plans to change its logo after being ridiculed by bloggers and tweeters for a new design unveiled last week.
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NewsNew Harrods owner weighs up plans for hotel
Harrods is considering opening a luxury hotel on the roof of its iconic Knightsbridge store as part of a review of the business following its acquisition by the Qatari Royal family.
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OpinionRetail surgery: Some of our stores have a ‘keep-open clause’. What is the purpose of this clause in a tenant’s lease?
Some of our stores have a ‘keep-open clause’. What is the purpose of this clause in a tenant’s lease?
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OpinionRetail surgery: It’s expensive to use a lot of product imagery and video on our website. What should we do to maximise sales?
It’s expensive to use a lot of product imagery and video on our website. What should we do to maximise sales?
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AnalysisCard payment system failures
Up to 20 retailers were affected by a failure of Barclaycard’s payment systems. But how did it happen and where does the responsibility lie?
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News
Seven & I Holdings profits rise 91% in Q2
Convenience store owner Seven & I Holdings reported net profit rose 91% in the second quarter ended August 31 compared with the previous year, thanks to the strong performance of its convenience stores and the unusually hot summer. The company reported a net profit of ¥38.13bn (£292m) compared with a ...
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News
Fast Retailing expects profits to fall next year as global competition toughens
Fast Retailing expects its profits to fall next year as global competition toughens. The Japanese company said it expected operating profit to fall 14.3% to ¥113.5bn (£869m) for the year to August 2011, despite managing a 21.9% increase in operating profit in the year to August 2010. The company said ...
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News
South Korea parliament considers limits on supermarket business
The country’s parliament is considering two bills that would impose restrictions on the opening and business of large supermarkets. Under one bill, currently passing through parliament, opening an urban supermarket with an area of between 10,760 sq ft and 32,290 sq ft would require permission from the local government. ...
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News
Costco annual sales hit £47.78bn
Grocery retailer Costco has reported net sales hit $76.25bn (£47.78bn) for the full year ended August 29, up 9% on the previous year. Like-for-like sales rose 4%, with the US up 2% and international up 8%. Costco currently operates 573 warehouse clubs, including 417 in the US and Puerto Rico, ...
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News
99¢ Only Stores Q2 sales increase 2.7%
Discount chain 99¢ Only Stores recorded a 2.7% increase in sales during its second quarter to $334m (£209m). Like-for-like sales grew by 0.6%. During the second quarter the company opened four stores and closed one. CEO Eric Schiffer commented: “We believe that we will have a strong holiday season, and, ...
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News
Amazon acquires Spanish ecommerce company BuyVIP for £61.4m
Amazon has announced it has completed the acquisition of the Spanish ecommerce company BuyVIP for about €70m (£61.4m). BuyVip offers overstock items from brands such as Dolce & Gabbana, Louis Vuitton and Levi’s at steep discounts. The company doesn’t buy the stock itself but acts as a broker between fashion ...
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News
Target considers entering Canada
US general merchandise retailer Target is considering entering Canada with as many as 200 stores, in the company’s first move beyond US borders. The discount retailer gave the clearest indication of its intention so far when its representatives spent the past few days meeting with Canadian developers at a shopping ...
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News
dm-drogerie markt tops £3.5bn in sales
Drugstore retailer dm-drogerie markt topped the €4bn (£3.5bn) sales mark in Germany in the financial year ended September 30, a sales increase of at least 7% on 2008/09. Although a reduction compared with the double-digit growth rate it achieved over the past couple of years, the company said the sales ...
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News
Pandora raises £1.3bn through IPO
Jewellery manufacturer and retailer Pandora had a successful IPO raising $2.1bn (£1.3bn). Demand was high as the company continues to grow sales in Europe and the US, where its charm bracelets are becoming increasingly popular.
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NewsAsda to source an extra £270m of British food by 2013
Asda is to ramp up the quantity of food sourced from British producers, including local and specialist suppliers, as part of a sustainable agriculture push by parent Walmart.
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NewsAsos launches mobile site
Asos has launched its first mobile site to allow customers to buy products on the go.
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Opinion
Imitation is the sincerest form of flattery
Retailers should be just as proud of a well-executed copycat idea as a truly innovative one, heard the delegates at this week’s Internet Retailing conference.