More on Me + Em – Page 2656
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NewsPerfume Shop’s new look
The Perfume Shop is to open its second new-concept store in Glasgow next month after recording a “fantastic reaction” to its first remodelled shop in Bluewater.
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NewsQS on target to return to profit as sales climb
Value retailer QS is on track to make a profit this year after a decade of being in the red.
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NewsPast Times plans store and online expansion
Gifts retailer Past Times is hunting for new stores and will ramp up its online offer this year.
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House of Fraser drafts in web guru Robin Terrell
House of Fraser has drafted in multichannel wizard Robin Terrell to lead online and international operations at the department store group.
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Loblaw launches discount brands
Following a similar move by Tesco in the UK, grocer Loblaw - whose chief operating officer Dalton Philips has just been revealed as Marc Bolland’s replacement as chief executive of Morrisons in the UK - has launched a new line of discount brands in Canada.The range features category-specific brands such ...
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Maxeda reviews fashion business
Dutch retail group Maxeda is conducting a strategic review of its fashion division that may result in a sale of the business.Maxeda, which comprises department stores Bijenkorf and Vroom & Dreesmann as well as fashion specialists Hunkemöller and M&S Mode, expects the review by JP Morgan and ING to be ...
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Rewej posts record sales
Rewe Group posted record sales of more than €50bn (£45bn) in 2009 but EBITA plummeted 27% to around €520m (£464m), according to German trade paper Lebensmittel Zeitung.Rewe’s grocery arm was seen as the “real winner of the crisis” in Germany, while its DIY stores and cash-and-carry operations were reported to ...
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Lidl prepares for stagnating German sales
Lidl is preparing for sales growth to flatten out in its domestic market.Sales in Germany are reportedly stagnating as new stores cannibalise sales. Lidl has opened over 80 stores in the past year in Germany.However, according to German trade paper Lebensmittel Zeitung, the group is close to acquiring Tengelmann’s Plus ...
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Lotte acquires GS stores
Local player Lotte Shopping has acquired the GS Mart hypermarkets and GS Square department store operations from GS Retail in South Korea.The deal, valued at about £700m, includes three department stores and 14 hypermarkets and will help Lotte Shopping close the gap on market leaders Shinsegae, which runs the E-mart ...
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Fast Retailing to raise £6.9bn
Fast Retailing chairman and chief executive Tadashi Yanai has revealed the company plans to raise a ¥1 trillion (£6.9bn) war chest to back its bid to become the world’s leading global clothing retailer.He said that acquisitions would be necessary, particularly in the US and Europe, to reach that goal. “We ...
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Future Group in talks for foreign tie-ups
Future Group - which runs the country’s largest listed retailer Pantaloon Retail - is in talks for a foreign tie-up and hopes to file papers for an IPO in its investment arm soon, said chief executive Kishore Biyani.He would not name the overseas retailers being considered for a tie-up, although ...
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Cencosud sales down 11% to £6bn
Chilean retail conglomerate Cencosud reported an 11% decrease in net sales to CLP5.33 trillion (£6bn) in 2009, while net profit dropped 38% compared with the previous year to CLP96bn (£108m).The retailer, which runs fascias including hypermarket chain Jumbo, attributed its drop in sales and profit to an unfavourable exchange rate, ...
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Government seeks control of Casino Group Venezuela operations
The Latin American country hopes to acquire majority control of Casino Group’s operations in Venezuela.President Hugo Chavez announced that negotiations, following the expropriation order he issued to Casino last month, have led to Casino offering to sell 80% of its shares in the corporation Cadena de Tiendas Venezolanas (Cativen).Casino operates ...
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January US retail sales beat expectations
January sales at US retailers beat analyst expectations, improving prospects for first-quarter economic growth.Commerce Department figures showed retail sales rose 0.5% as consumers stepped up spending not only on essential goods but luxury items as well.Stores specialising in electronics and appliances, sporting goods, hobby-related items, books and music all experienced ...
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AnalysisLoyalty schemes gain in importance across Europe
Loyalty schemes are rising in importance across Europe as retailers attempt to gain and retain shoppers in a post-recessionary environment.
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AnalysisHarold Tillman brings UK names back to London Fashion Week
As London Fashion Week kicks off, the retail entrepreneur and champion of British fashion should be celebrated for his role in bringing big UK names back to the event, says Lisa Berwin
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AnalysisCelebrity non-executives: What is the benefit of hiring a famous director?
A retail board may bask in the reflected glory of hiring a famous non-executive, but what are the real benefits and are they ever more than window dressing? Joanna Perry reports
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AnalysisWaitrose apply the graduate filter
With a popular graduate scheme Waitrose needed a robust selection tool.
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AnalysisWhat it's like to work at The Entertainer
The view from head of people management Jon Savage
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AnalysisOne New Change: Big change in the big City
Can Land Securities’ soon to open, mixed-use development wake the City up to a new kind of retail offer?