More on Me + Em – Page 2499
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NewsAmerican Apparel appeases lender with key management hiring
Beleaguered US fashion chain American Apparel has hired Blockbuster executive Tom Casey as acting president, in line with a pledge to lender Lion Capital to secure key management talent.
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NewsProfits climb at Kurt Geiger
Towering heels, celebrity endorsements and midnight shopping helped footwear retailer Kurt Geiger to grow operating profits 21% to £11.5m in the year to January 31, but the footwear retailer has played down sale rumours.
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NewsHouse of Fraser asks Lloyds to up its stake
House of Fraser has asked Lloyds Banking Group to increase its share in the department store as part of a property deal.
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NewsMalcolm Walker offers £1bn to buy back Iceland
Iceland boss Malcolm Walker has offered £1bn to buy back the frozen food supermarket that he founded.
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NewsGap president defends controversial new logo
Gap’s North American president Marka Hansen has defended the US casualwear chain’s controversial new logo and said she wanted customers to “take notice” of the chain and “see what it stands for today”.
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NewsAccessorize launches standalone website
Accessorize, the accessories chain owned by Monsoon Accessorize, has launched a standalone website.
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Opinion
Cheap, not cheerful
The continental hard discounters’ march on the UK was never going to make a major impact.
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NewsUniqlo owner expects profits to fall
Fast Retailing, the company which owns Uniqlo, expects its profits to fall next year as global competition toughens.
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NewsStrong week for John Lewis and Waitrose
Both John Lewis and Waitrose recorded strong sales growth in the week to October 2.
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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NewsIn Focus: Matalan
The pending departure of Alistair McGeorge puts the spotlight on a pioneer of value retailing in the UK. Retail Week Knowledge Bank’s recently updated profile addresses whether Matalan, celebrating its silver jubilee, has reached maturity.
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NewsRetailers count cost of payments breakdown
Up to 20 retailers affected by a card payment breakdown last weekend are this week assessing the damage caused before deciding whether to seek compensation from provider Barclaycard.
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NewsSomerfield nears the end as Co-op rebrand finishes
The Somerfield brand is one step closer to disappearing from the UK high street as Co-operative Group confirmed this week that it has completed its programme of converting all Somerfield’s own-brand lines to the Co-op brand.
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsMothercare expecting better results
Maternity and baby retailer Mothercare is expected to show improved trading next week when it updates the market on its second quarter.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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NewsTheo Fennell tipped for return to profitability
Luxury jeweller Theo Fennell is being tipped to return to profitability thanks to a programme of investment in its stores and website and the introduction of an entry-level range.
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NewsDunelm outperforms in first quarter despite tough comps
Value homewares retailer Dunelm has revealed a better than expected first quarter after posting positive sales growth against tough comparables.
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NewsPrime retail space set to recover first
High streets and secondary shopping centres are likely to lag behind primary shopping centres and retail warehousing when it comes to reducing void levels in the next year.