More on Me + Em – Page 2525
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News
Ahold Q2 net sales up 10.8%
Food retailer Ahold saw net sales in the second quarter of 2010 climb 10.8% to €7.1bn (£5.8bn) compared with the same quarter last year, up 4.4% at constant exchange rates.This was positively impacted by business acquisitions in the first quarter, mainly Ukrop’s in the US.
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News
Couche-Tard Q1 profits up 42.2%
Convenience store operator Couche-Tard reported a 42.2% profit rise for the first quarter ending July 18.The retailer also announced it is to acquire 10 stores from US-based retailer Compac Food Stores. The profit rise was attributed to higher merchandise and service sales, strong petrol margins and good cost control.
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NewsAsda’s George poaches top Marks & Spencer executive
Asda-owned fashion business George has poached top Marks & Spencer executive Nick Jones to be its merchandising, supply and sourcing director.
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NewsSnow+Rock snaps up Runners Need
Outdoor specialist Snow+Rock has bought running specialist Runners Need for an undisclosed sum.
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OpinionZara and H&M set to fight it out for online share
Zara’s move onto online is likely to generate a great deal of interest, which will include praise and criticism, as the world’s largest fashion group Inditex finally embraces the world of online.
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NewsTesco joins auction for Carrefour’s Asian shops
Food and hypermarkets giant Tesco is among the 10 bidders for French counterpart Carrefour’s south-east Asian assets.
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NewsH&M confirms Lanvin collaboration
H&M has confirmed its latest designer collaboration with French luxury fashion house Lanvin.
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NewsWorld Cup boosts Dixons sales
Electricals group Dixons Retail, owner of the Currys and PC World chains, has reported a good start to the year helped by the World Cup and demand for iPads.
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NewsMountain Warehouse deal values store group at £50m
Private equity firm LDC acquires stake in fast-growing outdoor gear specialist
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NewsZara unveils transactional website
Zara has unveiled its new transactional website allowing UK customers to buy its entire fashion collection online for the first time online.
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NewsAdvertising regulations extended to social media sites
Advertising regulations will be extended to cover retailers’ websites and non paid-for messages on social media sites, including Facebook and Twitter, from March 1 next year.
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Opinion
School for Retailers
There were a few new brooms at this year’s Oxford Summer School, but the event’s traditions remained undimmed
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NewsImproved ranges help Spar sales
Convenience store chain Spar has reported a 3.1% rise in first quarter sales boosted by an improved fresh food and wine offer and an expansion its own-brand products.
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NewsOcado shares fall again on analyst comment
Online grocer Ocado saw its share price fall yesterday (August 31) after a leading retail analyst predicted a decline in its market share and questioned its growth strategy.
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NewsTesco faces further planning accusations
Tesco is facing further accusations that it is using its financial clout to win approval for new stores.
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NewsH&M reported to be collaborating with French luxury designer Lanvin
H&M is understood to be launching its latest designer collaboration with luxury French fashion house Lanvin.
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NewsLittlewoods launches first advert with Coleen Rooney
Littlewoods has launched its first television advertising campaign starring Coleen Rooney, the wife of Manchester United and England football star Wayne Rooney.
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NewsAlliance Boots to outsource part of pension plan
Health and beauty giant Alliance Boots is to offload about £300m of retirement fund liabilities to specialist buyout vehicle Pension Corporation.
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Opinion
Dereliction of duty?
The controversy which follows it everywhere means Tesco needs to be whiter than white with its property affairs
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NewsTesco rolls out schoolwear embroidery service
Tesco is this week rolling out its schoolwear embroidery service nationwide following a trial earlier this year.