More on Me + Em – Page 2635
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News
Trius appointed Carrefour Europe executive director
Vicente Trius has been appointed Carrefour executive director for Europe.Taking responsibility for Belgium, Spain, Italy, Poland, Greece, Cyprus and Romania, the 52-year-old Spaniard will start work on May 3.Trius has previously spent 15 years working at Walmart, where he was vice-president of international operations for Latin America.James McCann, the former ...
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News
Praktiker reviewing store network
DIY retailer Praktiker is reviewing its store network, retail trade magazine Lebensmittel Zeitung reported.The aim of the review, part of the Praktiker 2013 project, is to optimise the profitability of the network, after sales and earnings have repeatedly fallen below expectations in recent years. The focus seems to be mainly ...
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News
Metro Group sales down 3.6%
Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009.EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group has ...
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News
Rewe Group sales up 2.7%
Germany’s second-largest grocer Rewe Group generated group sales of €50.9bn (£45.4bn) in 2009, up 2.7% on the previous year.The growth was mainly achieved through acquisitions and expansion, as store numbers climbed 5% to 15,453 outlets. In Germany, sales grew 2.6%, while overseas operations grew 2.9%.The Penny discount division, present in ...
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News
Home Depot introduces ‘Spring Black Friday’ promotions
DIY giant Home Depot is introducing “Spring Black Friday” promotions, with discounted prices on items such as plants, lawn care, outdoor electricals, eco-friendly gardening products, patio and grills.The promotions will occur throughout March and April.Home Depot executive vice-president for merchandising Craig Menear said: “Spring is our Christmas. Traffic in ...
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AnalysisIs management shake-up just the start for Metro?
Metro Group has announced a shake-up of its leadership and unveiled a new corporate logo ahead of its 2009 results conference.
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NewsRetail sales grow for second consecutive month
Retail sales have grown for the second consecutive month, and growth is expected to continue at a similar pace through Easter, according to the CBI Distributive Trades Survey.
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OpinionThe unsustainable growth in property costs
Rents may not be rising at the speed they were, but the growth in overall costs of occupying retail property is still out of control.
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NewsPrice inflation falls to 3% in February
The rate of consumer price inflation fell in February, ONS data showed.
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NewsAlexon raises £20.3m to fund turnaround
Alexon Group has raised £20.3m via a capital raising to help speed its recovery.
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NewsHalfords to pull out of central Europe
Motor accessories specialist Halfords is to shut its fledgling central European business after recessionary conditions set back expansion opportunities.
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NewsIdeal Shopping returns to profit after turnaround
TV shopping group Ideal Shopping Direct has grown sales and returned to profit after completing its turnaround plan.
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NewsCarpetright issues profit warning
Carpetright has issued a profit warning, citing the “pace of recovery seen towards the end of 2009 has not been sustained”.
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NewsSuperGroup IPO retail offer ‘oversubscribed’
Fashion retailer SuperGroup has announced the closure of the retail offer for its IPO, which it said has been oversubscribed.
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Opinion
This is not just consigned to the dustbin
A big day for M&S today as the legendary “this is not just…” food advertising slogan has been consigned to history.
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NewsMonsoon profits climb after strong international sales
Monsoon has recorded an eight-fold increase in profits and bumper international trading over the year to August 29, 2009.
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NewsNew Look board to consider fresh IPO bid
Fast-fashion chain New Look could resurrect its £1.7bn flotation plans when its board meets tomorrow to discuss market conditions.
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NewsMarks & Spencer reveals new advertising strategy
Marks & Spencer will this week unveil changes to its advertising including the replacement of its famous “Not just…” food strapline with “Because…”.
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NewsTheo Paphitis to set up rival chain to La Senza
Former La Senza owner and Dragons’ Den star Theo Paphitis is setting up a new lingerie chain to take on his former business.
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NewsOcado narrows operating losses as sales rise
Ocado has narrowed its operating losses and increased its gross sales by a quarter to £427.3m in the year to November 29.