More on Me + Em – Page 2641
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NewsGrocers pledge jobs and training to address youth unemployment
Grocers Tesco, Sainsbury’s and Asda have vowed to create more jobs, invest in more training and called on the Government to improve education.
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NewsHalfords rolls out mobility range
Car parts and bicycles retailer Halfords is rolling out the sale of mobility products after a trial over the past year.
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Robert Dyas to double online offer
Hardware chain Robert Dyas is to revamp its website to reflect its rebranding last year and boost sales through the online channel.
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Tesco MasterCard to hit retailers with higher interchange fees
Retailers face higher interchange fees after retail giant Tesco’s bank switched its Finest Platinum MasterCard to World MasterCard.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsSuperGroup close to IPO target despite City jitters
SuperGroup was expected to achieve an IPO valuation of £395m as Retail Week went to press.
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DSGi update may lead to shares uplift
Next Friday could be a catalyst for the shares of DSGi, when it will host a strategy day at its Currys Megastore in Thurrock, Essex.
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NewsLosses widen at Jysk despite strong sales
Danish furniture retailer Jysk’s UK operation has reported strong sales in its full-year accounts, although losses widened as start-up costs hit its bottom line.
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Danish fashion chains sign dual fascia in London
Danish fashion chains Jack & Jones and Vero Moda will open a dual fascia shop on Oxford Street, London.
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NewsRelaunched Spar site focuses on healthy lifestyle
Symbol group Spar UK has relaunched its website to push its community involvement and champion its investment in athletics sponsorship.
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Jerónimo Martins sales up
Jerónimo Martins increased sales by 6.1% to €7.3bn (£6.5bn) in its 2009 financial year.Net profit at the grocery retailer soared 22.8% to €200.3m (£178.6m).Jerónimo Martins attributed the performance to strong competitive market positions and a clear focus on increasing productivity together with greater scale in sourcing.
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Schlecker to close 32 stores in Belgium
German drugstore group Schlecker expects to close 32 of its 36 stores in Belgium by the end of this year.The decision comes after it was revealed that Schlecker will also axe its stores network in the Netherlands.Schlecker’s online store for Belgium, the Netherlands and Luxembourg was axed in late February. ...
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Suning sales up to £5.46bn
Consumer electronics retailer Suning has reported that preliminary full-year net sales jumped 16.8% to Yn58.3bn (£5.46bn) against the previous year. Net profit hit Yn2.88bn (£269.9m), up 32.8% year on year. Comparable store performance improved 7%. Suning opened 182 stores in 22 cities over the year, and closed 53 stores.
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Shoprite confirms plan to exit India
Shoprite group chief executive Whitey Basson has confirmed that the retailer is preparing to exit India.Speaking at the South African-based retail group’s interim results, Basson said the decision was due to constraining legislation and price rules that made a single-store operation unprofitable.The retailer has been operating a hypermarket in Mumbai ...
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Marinopoulos to face Competition Committee probe
Carrefour’s greek arm Marinopoulos will face the Competition Committee at the end of April, according to reports in the local press.Carrefour Marinopoulos faces charges that it violated competition regulation in respect of its franchising model and the operations of its 5’ Marinopoulos grocery stores network. The retailer is reportedly accused ...
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Casino posts £23.8bn net sales
Casino reported €26.75bn (£23.8bn) net sales for 2009 - a 1.2% decrease against the previous year. Trading profit slid to 4.5% to €1.21bn (£1.1bn) on the previous year. In France, sales declined by 3.8% on an organic basis, or 2.7% excluding petrol. Meanwhile, Casino’s online general merchandise business Cdiscount reported ...
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Mercadona sales up to £13.8bn
Mercadona has reported gross sales of €15.5bn (£13.8bn) for its 2009 financial year - up 0.8% on the year before.Net income declined 16% to €270m (£240.7m).The grocery retailer invested about €600m (£534.9m) in the business over the year, opening a further 74 stores to take its total to 1,264 supermarkets ...
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PetSmart and Staples report increased sales
Two American retailers reported full-year results this week. Petcare retailer PetSmart increased total sales by 5.4% to $5.34bn (£3.57bn), taking into account a hit of $8.3m (£5.32m) from foreign currency fluctuations.Comparable store sales climbed 1.6% and services sales increased 9.2% to $575m (£368.6m). Net income increased to $198m (£126.9m). Office ...