More on Me + Em – Page 2534
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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News
Gap to extend international shipping to 65 countries
Gap is offering international shipping to 55 countries, including Australia, Mexico and Brazil, and plans to extend coverage to 65 countries by the end of the year. The move marks the first time customers outside the US can buy items online from Gap, Banana Republic, Old Navy, Athleta and Piperlime.Ecommerce ...
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News
Nordstrom Q2 earnings rocket 38.6%
Department store chain Nordstrom has reported that its net earnings in the second quarter rocketed 38.6% to $146m (£93.5m). Sales rose 12.7% to $2.42bn (£1.55bn) while like-for-likes increased 8.4%.Multichannel like-for-likes were up 9.9%. Meanwhile, like-for-likes rose 8.2% at full-line stores and 34.1% in Nordstrom’s Direct channel. Nordstrom Rack reported a ...
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News
Delhaize reports mixed H1 results
Grocer Delhaize Group posted mixed first-half results. In Belgium revenues grew 5.5% to €2.34bn (£1.91bn), supported by 4.7% like-for-like growth and new store openings. Alfa Beta in Greece put in another strong performance with a 7.3% increase in revenues to €765m (£627m) and gained further market share.Operations in Romania and ...
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News
Big C Q2 sales up 2.4%
Casino-owned Big C has announced that retail sales in the second quarter of 2010 were up 2.4% to Bt18.4bn (£370m) compared with the same period last year.Operating profit grew 12.7%, with net profit growing by 15.8% to reach Bt686m (£13.8m), compared with a net profit last year of Bt592m (£11.9m). ...
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News
Uniqlo to open in prime locations in Japan
Fast Retailing is looking to improve profitability in Japan by opening Uniqlo stores in prime commercial facilities in Tokyo and other major cities. The company plans to open a 7,100 sq ft Uniqlo store in Tokyo Midtown, a new commercial complex in the high-end Roppongi district, as early as next ...
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News
M&S to trial food in Czech store
Marks & Spencer is planning to open food departments selling sandwiches and refreshments, it is reported. First trials of a food offering are taking place within the retailer’s clothing store in the DBK shopping centre in Prague and from September another pilot will take place in the Galerie Fenix shopping ...
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News
Netto plans European expansion
After selling its UK business, Netto plans to aggressively expand in other European markets with a focus on Germany and Poland.The retailer plans to open 20 to 25 stores a year with money earned from the sale of Netto’s business in the UK, which was bought by Asda for €620m ...
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News
Rona Q2 sales rise 2.1%
Home improvement retailer Rona has reported that consolidated sales rose 2.1% in the second quarter to reach C$1.4bn (£863.1m). Net earnings rose 12% to C$67.8m (£41.8m). Corporate and franchised stores’ sales were reported to have been strong in the early part of the quarter due to the gathering pace of ...
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News
A&P to close 25 stores
Tengelmann-owned grocer A&P has announced that it will close 25 stores in five US states in a move to stabilise its ailing business.According to the German company, stores affected include “locations in close proximity to other company stores, those facing real estate and cost issues, and underperforming non-core stores”. This ...
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Opinion
Scotch Mist
Across the UK, the overall retail picture isn’t that bad. But the further north you go, the worse it gets
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsRetailers in Scotland suffer worst like-for-like slide in 10 years
Retail like-for-likes in Scotland suffered their worst fall in 10 years during July - with the exception of April this year because of Easter distortions - when they slipped 1.4% year on year. Total sales advanced 0.8% in the month - the weakest growth since April 1999.
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NewsTJX Europe profits tumble
TJX Europe, the European parent company of UK off-price retailer TK Maxx, saw profits tumble 76% in the first half of the year.
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NewsEmpty shops could be used as courts
Empty shops in shopping centres could now have a very different purpose, being set up as courts.
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NewsWestfield Stratford to open in September 2011
Westfield’s new shopping centre in east London, Stratford City, will open in September 2011, the developer has revealed.
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Opinion
There goes the bride
Upsetting customers is one thing, but when they’re brides to be, it’s quite another. The Hut ought to be wary.
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NewsAmerican Apparel warns on future
The future of US fashion retailer American Apparel was thrown into doubt today after it warned about its ability to continue as a going concern.
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NewsTesco and Asda continue to underperform
Tesco and Asda continued to underperform the market in the latest grocery figures from Kantar Worldpanel.
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NewsConfetti placed into administration
Wedding specialist Confetti has been placed into administration less than a week after it was bougth from home shopping group Findel by The Hut Group.