More on Me + Em – Page 2506
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AnalysisWalmart poised to strike huge deal in South Africa
It is no secret that Walmart has been evaluating an acquisition in South Africa for a number of years. A number of local retailers have informed Planet Retail that Walmart executives from the US and UK are not an unfamiliar sight at stores and head offices.
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OpinionRetail surgery: How do we make sure unscrupulous employees don’t steal customers’ credit card information at the tills?
How do we make sure unscrupulous employees don’t steal customers’ credit card information at the tills?
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OpinionRetail surgery: Rising commodity costs mean that we must put our prices up. How do we go about doing this?
Rising commodity costs mean that we must put our prices up. How do we go about doing this?
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AnalysisSustainability: The Start line
Retailers taking part in a sustainability summit say there are many areas where they should work together rather than compete. Joanna Perry reports
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OpinionGovernment’s fresh thinking is welcome
One million tonnes of food and packaging waste prevented. That’s the result - just announced - of a commitment made by the UK grocery retail sector in 2005.
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News
Reliance Retail to enter smaller towns and introduce grocery home delivery
Reliance Retail is pushing ahead with a rapid expansion drive, which will include entry into smaller towns and the introduction of a home delivery service for groceries. The plan is to expand its presence in urban markets, moving from Tier I and Tier II cities down to Tier IV cities ...
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Couche-Tard reaches agreement with FTC over tender offer for Casey's General Stores
Convenience store operator Couche-Tard has reached an agreement in principle with the US Federal Trade Commission (FTC) in connection with its tender offer for Iowa-based Casey’s General Stores in the US. The agreement would permit Couche-Tard to acquire Casey’s, subject to the divestiture of certain convenience stores and service ...
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News
Rite Aid records 2.5% revenue increase in Q2 to £4.2bn
Drugstore retailer Rite Aid has reported revenues rose 2.5% in the second quarter to $6.2bn (£4.2bn). Like-for-like sales decreased 0.9% in the front end and 1.8% in the pharmacy business. Net loss was $197m (£134m), compared with last year’s second-quarter net loss of $116m (£74m), which was partly attributable to ...
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News
Ulta reports 17.6% sales increase to £219m
Beauty retailer Ulta has reported net sales increased 17.6% to $322m (£219m) for the second quarter ended July 31, 2010. Like-for-like sales increased 10.8% and net income increased 127.2% to $13.1m (£8.9m). Ulta chief executive Lyn Kirby said: “The results include a 10.8% like-for-like sales increase for the quarter, generated ...
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News
Blockbuster files for bankruptcy
Blockbuster in the US has filed for Chapter 11 bankruptcy protection after mounting losses, rising debt and stiff competition from retailers that have better catered to consumers’ evolving media habits.Blockbuster said business would continue as usual at its 3,000 US stores, but added it would evaluate the profitability of its ...
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News
Target to try smaller format store and expand outside general merchandise market
General merchandise retailer Target plans to open a new, smaller-format store in Seattle in 2012 and has plans to expand in 10 further markets, including San Francisco and Baltimore, in the next few years.The new store will cover about 90,000 sq ft, while its other urban concept stores will range ...
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Carrefour to refurbish Italian and Spanish hypermarkets to Carrefour Planet next year
Carrefour will begin refurbishing its Italian and Spanish hypermarkets to its new Carrefour Planet concept during 2011. In Spain, 75 of its 164 hypermarkets will be converted. The remaining 89 stores will receive a lower specification upgrade. In Italy, 23 of Carrefour’s 53 hypermarkets will be converted to Carrefour Planet ...
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NewsUnited Carpets reports "challenging" first half
United Carpets said trading has been “challenging” in the 25 weeks to September 30 as like-for-likes dropped 5.5%.
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NewsTesco guns for £55m Halloween sales
Tesco is gunning for its biggest ever Halloween with expected sales to top £55m.
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NewsHouse of Fraser launches two day Sale
House of Fraser has launched a two day event with 25% off brands.
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NewsForever 21 to make UK debut in November
US fashion giant Forever 21 is to open its first UK store in Birmingham’s Bull Ring on November 12.
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NewsWaitrose set for Duchy Originals US launch
Upmarket grocer Waitrose is to make its first foray into the US as it discusses selling its Duchy Originals range through retailers in the country.
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NewsJJB Sports funding concern prompts big broker downgrade
Broker Singer has slashed its price target for JJB Sports by more than a third to just 8p because of concerns about the retailer’s funding and punishing trading conditions.