More on Me + Em – Page 2674
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News
Like-for-likes sales down 1% for Douglas Group
Perfumery operator Douglas Group admitted that the global economic and financial crisis hampered its 2008/09 financial year, as it posted results for the period.Consolidated sales rose 2.3% to E3.2bn (£2.9bn). However, like-for-like sales slid 1% against the previous year’s figure.The brakes were applied to the retailer’s capital expenditure during the ...
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News
Future Group opens 900 stores
Future Group plans to dramatically expand its KB’s Fair Price discount grocery fascia, opening up to 900 stores.Locations for the new sites have yet to be finalised; the retailer is expected to expand its presence in regions it already operates in such as Delhi, Mumbai and Bangalore.Customer director Damodar Mall ...
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Who is buying Buy The Way?
Bidding is coming to a close for local convenience store chain Buy The Way, which was put up for sale by private equity owner Unitas Capital late last year.AEON-owned Ministop, Lotte Group - which owns the 7-Eleven franchise in South Korea - and US private equity firm Carlyle Group have ...
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News
Best Denki to close stores
Electronics retailer Best Denki plans to close 50 to 70 stores by February 2012 and cut staff numbers by several hundred to slash costs.The cuts follow the revelation of increased losses in the retailer’s third quarter.Best Denki will also liquidate its Sakuraya subsidiary, with its 15 stores closing next month.Chairman ...
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Schlecker renovating stores
Pharmacy giant Schlecker is to make changes to its store portfolio this year in an effort to fend off its aggressively expanding rivals, DM and AS Watson-owned Rossmann.The retailer plans to renovate up to 500 of its 9,000 traditional Schlecker outlets, steam ahead with rapid expansion of its larger XL ...
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US sales down 0.3%
Retail sales fell 0.3% in December compared with November, casting uncertainty over the recovery of the economy.Figures from the US Commerce Department showed electricals sales were among the biggest fallers.It also said concerns over job security are expected to continue to restrict spending, with unemployment still at 10%.December’s figures end ...
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SuperValu is one of the latest US retailers to launch a range rationalisation programme
In some categories, the SKU count will be reduced by up to 25% as the grocer aims to reduce costs and remove complexity from the shopping experience.According to chief executive Craig Herkert, the move is designed to eliminate redundant package sizes rather than get rid of entire product brands. “I ...
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NewsTax and debt burden fails to dent US retail optimism
US retailers have certainly got a spring back in their step if the evidence from last week’s annual get-together at the National Retail Federation (NRF) in New York was anything to go by.
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NewsOnline retail sales hit £5.46bn in December
Shoppers spent £5.46bn online in December and increase of 17% on last year, according the IMRG Capgemini’s latest e-retail sales index.
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DataICM Poll: Tax & personal finance
In an exclusive poll for Retail Week, ICM Research interviewed a random selection of 2,052 adults aged 18 and over between January 15 and 17, 2010.
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AnalysisWhat is Planning Policy Statement 4?
Local authorities are to be asked to look at the impact of an out-of-town scheme rather than the need for one. So what does this planning change mean for retailers?
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AnalysisPermanent lessons from temps
Despite a fleeting presence, Christmas staff can give your business key insights.
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AnalysisOn the right channel?
With most online retail propositions now up to scratch in terms of customer delivery, what’s the best way and which is the best channel to differentiate your offer?
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AnalysisWhere next for Waterstone’s?
The bookseller’s boss is out after dire Christmas trading and online rivals are a growing threat. George MacDonald asks if Waterstone’s has a future
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AnalysisJohn Hargreaves: the man behind Matalan
As the man behind the pioneering value fashion retailer Matalan considers bids for the company, George MacDonald discovers what makes him tick
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News
Harveys and Bensons team up for joint store in London’s West End
Furniture retailers Bensons for Beds and Harveys have opened a joint store on Tottenham Court Road, London.
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OpinionBring it on, Best Buy
Leopards can never change their spots, but maybe something almost as remarkable has happened: not only did DSGi have a great Christmas, it looks as if chief executive John Browett is genuinely changing the business for the long-term good.
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OpinionSelling up will be no easy task in 2010
Private buyers will be hampered by not being able to take on the levels of borrowing they did before the banking crisis
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OpinionA nation of wimps led by chimps
Management of the snow chaos is a damning indictment of the UK’s mindset.