More on Me + Em – Page 2581
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NewsArgos iPhone app hits 500,000 downloads
Argos’ iPhone app has been downloaded more than 500,000 times in the three weeks since it launched.
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News
Toys R Us Q1 net sales up 5.3%
Toys R Us posted $2.61bn (£1.77bn) net sales for the first quarter of 2010, a 5.3% increase on the previous year. Domestically like-for-like sales grew 1.9% , while international like-for-likes declined 1.4%.
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News
Dollar General sales jump 11.9%
Dollar General revealed a sales jump of 11.9% to reach $3.1bn (£2.1bn) for the first quarter of 2010. Like-for-like sales grew 6.7%, compared with 13.3% for the same period last year. Customer traffic and average transaction both contributed to the increase and the group reported that sales were strongest in ...
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News
Spinneys close to deal to open hypermarkets in Libya
United Arab Emirates-based retailer Spinneys is close to signing a deal to open two hypermarkets in Libya. Spinneys chief executive Michael Wright said: “The next market we will be entering is Libya, where we have an arrangement on the table. The first hypermarket should be open by the end of ...
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News
Atlantic sales down 18.5%
Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
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News
Euroset to remodel Russian stores
Mobile telephone operator Euroset will remodel its 3,000-plus stores in Russia after having negotiated a bank loan to finance the move. Euroset plans to increase its sales per square metre through the installation of modern store equipment, which, it says, should attract more consumers.
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News
Furshet to launch discount format
Retailer Furshet has announced it will launch a discount format Narodny (National) in reaction to the difficult economic climate in Ukraine. Narodny outlets will each comprise 43,000 sq ft to 64,000 sq ft and offer about 16,000 product lines.
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News
Samsung Tesco Homeplus in talks to take over Kim’s Club Mart
Samsung Tesco Homeplus, Tesco’s South Korean venture, is in negotiations to take over local retailer Kim’s Club Mart. It has been reported that Samsung Tesco Homeplus has agreed to buy 98% of Kim’s Club Mart for KRW300bn (£165m).
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News
Ito-Yokado plans monthly Sales
Seven & I-owned general merchandise retailer Ito-Yokado plans to conduct monthly Sales of hard-to-sell products at discount prices. The products include goods in damaged or out-of-style packaging, out-of-season items and those nearing expiry dates.
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NewsMulberry posts 23% rise in sales
Mulberry has posted a 23% rise in sales for the year to March 31 as the luxury clothing and accessories house continues to grow its business internationally.
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NewsCo-op share payout tops £50.4m
The Co-operative is to pay out £50.4m to its members in a share payout.
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NewsGame appoints new CEO
Game has appointed Vodafone UK consumer director Ian Shepherd as its new chief executive.
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NewsBoots to trial contactless payment
Boots UK has become the first major retailer to trial MasterCard’s Tap & Go contact less payment.
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News
Ikea to harmonise merchandise management systems
Ikea’s global franchise manager, Inter Ikea Systems, has started a new initiative to harmonise merchandise management systems across its international franchisee network.he Swedish home improvement retail franchiser has named K3 Business Technology Group as sole provider of Ikea’s core retail system.
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Opinion
High-tech hangovers
It was Retail Week’s annual technology awards last night, and there will be more than a few techies with sore heads today.
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NewsLush rapped on knuckles by ASA
Ethical cosmetics retailer Lush has been rapped on the knuckles by the Advertising Standards Authority for claims it made about fox-hunting in an in-store leaflet.
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NewsTed Baker appoints non-executive director
Ted Baker has drafted in commercial lawyer Anne Sheinfield as an independent non-executive director.
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NewsSainsbury’s like-for-likes slow
Sainsbury’s has reported like-for-like sales in its first quarter up 1.1% excluding petrol in the 12 weeks to June 12.
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NewsBT Retail Week Technology Awards winners announced
The winners of the BT Retail Week Technology Awards were announced at a ceremony in London last night.
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Opinion
Growing in glamour
N Brown is known as a highly successful but not very glamorous retailer - will its purchase of lingerie retailer Figleaves change that?