More on Me + Em – Page 2645
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NewsHomebase unveils networking website
Homebase has launched a social networking site to promote its gardening credentials.
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NewsVideo: Primark founder Arthur Ryan collects outstanding achievement award
Famously private Primark founder Arthur Ryan for once stepped into the limelight at the Oracle Retail Week Awards last night.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
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NewsJohn Lewis defies bad weather with 14.8% sales uplift
Department store chain John Lewis posted a 14.8% sales increase last week to £50.4m, when sales of fashion and home products were strong.
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NewsPoundland founder to launch mid-market variety chain
Dave Dodd unveils vision for 200-strong national chain Hub, with first stores to be open in three months
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AnalysisDriving store performance
Many of the biggest challenges retailers face - like ensuring consistently excellent customer service and making sure that stores are as efficient as they can be - don’t always require big investment on sophisticated systems.
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News99p Stores to build stores empire as it targets turnover of £1bn
99p Stores is gunning to open more than 200 stores by 2014, taking its store count to 350, and is targeting turnover of £1bn by 2016.
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AnalysisThe ideal store
Which areas of in-store operations do retailers fall down on - and how can they improve them? Joanna Perry finds out
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NewsWaitrose targets £10bn sales
Managing director Mark Price on a mission to remain fastest-growing grocer and grab market share
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AnalysisUsing store design to make a difference
Store layouts and clever merchandising can certainly drive sales if they are able to sway shopper behaviour.
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News
Carrefour to close 21 Belgian stores
Carrefour plans to close 21 stores in Belgium and cut 1,672 jobs in the country.14 of its 56 Belgian hypermarkets and seven of its 378 Belgian supermarkets will close by June 30. An additional 30 stores will be sold. In total, nearly a third of the hypermarkets and nearly half ...
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ITM sales reach €34bn
Sales at grocery group ITM hit €34bn (£30.8bn), including petrol, for the 2009 financial year.In France, its Intermarché chain achieved sales growth of 1.5%. Globally, excluding petrol and its industrial production facilities, it increased sales 0.7% to €25bn (£22.7bn), and expanded its total sales area by 1.94 million sq ft.ITM ...
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Big C sales up 1.5%
Local grocery operator Big C has posted retail sales up 1.5% in 2009.Operating profit at the Casino-owned group jumped 19.8%, while net profit climbed 16.3% to Bt1.07bn (£21.8m) and net sales rose 1.1% to Bt68.06bn (£1.39bn).The retailer said the performance was driven by better purchasing conditions, cost savings and the ...
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Woolworths H1 profits up
Woolworths posted an 11.4% increase in first-half net profit to Aus$1.09bn (£654.2m).The Australian retailer is planning an Aus$400m (£240.1m) share buyback, which it described as a modest start to capital management, now that the worst of the economic turmoil has passed.Woolworths forecast sales growth in the upper single digits, marking ...
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Gap to open first Italian store in Milan
Gap is to open its first Italian store in Milan this year, with another planned for Rome next year.The retailer will open Gap and Banana Republic stores side by side on Corso Vittorio Emanuele in Milan’s shopping district; the exact launch date has yet to be revealed. Each of the ...
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Mercator revenues down 2.4%
Local retailer Mercator generated revenues of €2.6bn (£2.4bn) in 2009 - a 2.4% decrease, which it attributed to the depreciation of the Serbian currency.The group’s profit plummeted 48.2% year on year to €21.1m (£19.1m), which it attributed to the economic turmoil.Mercator’s expenditure halved to €159.2m (£144.4m) in 2009, yet it ...
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Soriana sales down 5.5%
Mexican grocery retailer Soriana posted a like-for-like sales decline of 5.5% in its 2009 financial year.Net consolidated profit soared 66.4% to MXN2.9bn (£152.4m) against 2008, while net sales fell 4% to MXN91.8bn (£4.8bn). During the period, the retailer managed to make savings of MXN1bn (£52.6m) through its efficiency plan.By the ...
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Kohl’s sales up 4.8%
Department store operator Kohl’s achieved net income of $991m (£664.6m) last year compared with $885m (£593.5m) the previous financial year.Net sales climbed 4.8% to $17.2bn (£11.5bn) and comparable store sales increased 0.4% against the previous year. Kohl’s ended the year with 1,058 stores in 49 states; it opened 56 outlets ...
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QVC’s UK sales bolstered by second-half lift
UK sales at TV shopping business QVC climbed 2.3% to £367.9m in 2009 after a stronger second half.
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NewsCity sees opportunity as shares fall again
General retailers had another poor week and have lost about 10% of their value this year.