More on Me + Em – Page 2589
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OpinionAsda’s swoop on Netto could be just the start
Few stories in retail come completely out of the blue, but last week’s £778m takeover of Netto’s UK business by Asda took everyone by surprise.
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GalleryStanley Gibbons: Stamp of authority
A revamp of stamp retailer Stanley Gibbons’ London flagship creates a modern space for a slightly old-fashioned pastime. John Ryan learns what the new-look store offers the 21st century collector
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GalleryNext, Oxford Street
Next has had a store on the corner of Oxford Street and New Bond Street for a long time, and it seems to have been closed for ages. In fact, it has been undergoing a revamp since January, and last Friday it reopened
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NewsAll Saints smashes sales targets after low-key New York launch
All Saints has put British fashion firmly on the global map after it racked up sales of nearly $1m (£680,000) in its first week of trading on New York’s Broadway.
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NewsNew Look to accelerate store refurbs after profits jump
Fast-fashion giant plans to double store overhauls against last year and add about 200,000 sq ft of space
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NewsHome Bargains online clampdown catches thieves
Home Bargains’ online initiative to tackle in-store theft has led to more than 20 prosecutions.
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NewsRetailers join forces to combat crime
Retailers including Argos and Iceland have teamed up to fund a new initiative that aims to tackle serious and organised crime.
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AnalysisJobs that can make a difference
A career in ethical retailing can be demanding but rewarding
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OpinionRetail surgery: There is a new environmental certification for product packaging. How should we go about attaining it?
There is a new environmental certification for product packaging. How should we go about attaining it?
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OpinionRetail surgery: We’ve heard retailers are claiming back VAT on their delivery contracts. Why is this and can we do it, too?
We’ve heard retailers are claiming back VAT on their delivery contracts. Why is this and can we do it, too?
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News
US Borders narrows loses
Borders has reported a reduced loss in its first quarter, but sales at the bookseller continue to decline as consumers shifted to digital media offered by rivals.The net loss narrowed to $64.1m (£44.3m) in the three months to May 1, from $86m (£59.5m) a year earlier. Revenue dropped to $547.2m ...
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Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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Hornback full-year sales rise 3.7%
DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn). EBIT fell 15.4% to €151.5m (£128.5m).In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted by 0.9%. ...
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Spar posts 5.5% global sales increase
Spar International posted a 5.5% global sales increase for 2009 to reach €28.5bn (£24.18bn).Spar Austria Group achieved sales up 3.2% to €11.3bn (£9.59bn), including shopping centres, while the UK notched up €3bn (£2.55bn), up 2% on 2008. Its South African operations posted strong year-on-year growth, with retail sales increasing 14% ...
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Gap to enter India
Gap has revived plans to enter the Indian market, according to the local press.Ron Young, senior vice-president of Gap International Strategic Alliances, was recently in the country, suggesting that the company is making preliminary moves to set up shop in India.Gap’s team has sounded out prominent Indian apparel makers including ...
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7-Eleven Australia to acquire Exxon Mobil petrol stations
7-Eleven Australia has confirmed it is to acquire all 295 petrol stations belonging to Exxon Mobil in the country.The deal comes after Exxon Mobil’s agreement to sell the petrol stations to Caltex Australia was blocked by antitrust regulators on competition grounds. The deal will see the number of 7-Eleven stores ...
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Carrefour China in talks for Baolongcang outlets
Carrefour China is in talks with local hypermarket operator Baolongcang to buy out its outlets, the local press has reported.Baolongcang has 14 hypermarkets in small cities in Hebei and Shandong province. It reported total sales of CNY3.16bn (£317.2m) in 2009.Wu-Mart and China Resources Enterprise are rumoured to also be interested ...
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Carrefour Poland to focus on franchise network
Carrefour Poland is to switch its focus from large developments in big towns to its franchise network.The retailer will expand its network of 330 sq ft to 1,310 sq ft franchise shops in housing estates in smaller towns, according to local press. Carrefour said that 50 to 60 such shops ...
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Toys R Us plans renewed float
Toys giant Toys R Us is set to become a public company again with plans to float for $800m (£548.6m).The retailer, which has 1,363 stores in 34 countries, including 75 in Britain, said it hopes to use some of the money raised to pay off a portion of its debt. ...