More on Me + Em – Page 2646
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News
Dunelm eyes expansion as profit and sales impress City
Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.
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Game to shrink portfolio amid tough trading
Entertainment retailer Game is to shut 18 stores and all of its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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New Ascension owner vows it will ‘turn corner’
The new owner of Ascension, formerly Adili, is confident the business can grow with a fresh start.
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NewsGeorge at Asda to push multichannel and overseas growth under new boss
George at Asda is expected to concentrate on value, multichannel operations and international growth when its new managing director Andrew Moore takes the helm next month.
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Heal’s in talks to shutter ailing Manchester store
Upmarket furniture retailer Heal’s is in negotiations with the landlord of its Manchester store to exit the site, after disappointing sales and a decision to focus more on its online arm.
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Topshop and H&M push into beauty market
Young fashion retailers are branching out into the beauty market with own-brand products to sell alongside their clothing ranges.
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Hotel Chocolat outlines growth plan
Hotel Chocolat is to open between 10 and 15 stores this year, after reporting a strong start to the year with like-for-like sales up 14% in January.
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Prudential renews monthly rents offer
Prupim, the property investment arm of Prudential, has extended its offer to most UK retailers to pay monthly rather than quarterly rent payments on its existing leases.
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Gieves & Hawkes hunts for new chief executive
Savile Row menswear retailer Gieves & Hawkes is seeking a new chief executive after boss Steve Walton returned to Hong Kong because of family commitments.
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NewsLiberty mulls freehold sale of London flagship
Liberty confirmed this week that it is considering selling the freehold of its iconic flagship store on London’s Great Marlborough Street.
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Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
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NewsRWC2010: Carpetright’s Lord Harris warns 2010 will be tougher than last year
Carpetright founder and chairman Lord Harris believes 2010 could shape up to be tougher for retailers than 2009.
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AnalysisUS department stores see benefits of discount shops
The recession has breathed new life into US off-price clothing chains as consumers look for thrifty ways to shop without compromising on style.
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AnalysisNeed to Know: Oracle Retail Week Awards
Last night the Oracle Retail Week Awards celebrated the sector’s brightest and best in what is always a night to remember
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AnalysisMédiacité: Taking the Cité by storm
Belgium’s third largest city has something to shout about with its striking Médiacité shopping centre, and British retailers are among its most prominent early tenants. John Ryan reports
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AnalysisWill Adderley
Last week Dunelm’s interims revealed soaring profits. Nicola Harrison looks at how its chief executive has taken the homewares retailer from strength to strength
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Analysis
Cash flow: Balancing the books
Cash is king in these difficult times, so what are retailers doing to ensure they have the money to run their business day to day? Joanna Perry reports
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AnalysisShopfitting: Fitter, happier, more productive
Retailing has changed and that means to be successful shopfitters need to change too. John Ryan takes the temperature of the shopfitting world
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News
Harvey Norman profits up
Non-food retailer Harvey Norman reported that net profit in the six months to December 31 rose to Aus$158.9m (£95.4m) from Aus$99.3m (£59.6m) the year before.Profit from continuing operations soared 47% to Aus$237.8m (£142.7m). Consumer electronics performed strongly, despite the unwinding of one-off government stimulus cheques paid to consumers at the ...
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OpinionPrimark: the fashion retailer for our supermarket age
Primark celebrated its 40th anniversary last year, and its double success at the Oracle Retail Week Awards last night perhaps represented its coming of age.