More on Me + Em – Page 2678
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NewsInnovative product lifts Ted Baker’s festive sales
Ted Baker celebrated strong Christmas trading as retail sales rose 19.1% year on year between November 1 to December 24.
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NewsCity freezes out retail despite solid results
Despite many retailers delivering impressive Christmas performances, store stocks - other than the grocers’ - were in deep freeze in a flat market.
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NewsSnow chaos to cost grocers ‘millions’
Major transport disruption wreaks havoc with supermarkets’ supply chains
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NewsBrightHouse eyes South for portfolio growth
Rent-to-own electricals and furniture retailer BrightHouse is confident it can maintain growth in 2010 after reporting strong Christmas figures, with like-for-like sales up 9% in the 13 weeks to December 24.
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NewsPoundland expansion to target larger stores
Single-price retailer Poundland is to maintain its ambitious store opening programme in 2010 and plans to trade from more larger-format stores after reporting total sales up 34.8% and like-for-like sales up 4.4% for the five weeks to January 3.
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NewsSnow does non-food retailers no favours
Non-food retailers’ trading has been disrupted over the past week by heavy snowfall as staff struggled to get to work and customers avoided venturing out to take advantage of the January Sales.
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NewsWork restarts on Wakefield Trinity Walk shopping centre
The stalled development of Trinity Walk in Wakefield has restarted with builders back on site aiming to hit its spring 2011 opening deadline.
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NewsJ Crew to test UK waters by launching online offer
US fashion retailer J Crew, whose fashions are sported by first lady Michelle Obama, has targeted the UK for expansion.
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NewsLoyalty push helps supermarkets outstrip the festive competition
Loyalty has played a key part in driving strong Christmas performances for grocers Tesco, Sainsbury’s and Co-operative Group.
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NewsJessops reshuffles senior team in service drive
Jessops has reshuffled its senior management team as it focuses on service under chief executive Trevor Moore who joined in August.
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Revenue increase at Jean Coutu
Pharmacy retailer Jean Coutu has reported a 9.3% year-on-year increase in revenue to C$678.1m (£396m) for its third-quarter.Retail sales increases reflected overall market growth, new store openings and consumers stocking up on over-the-counter drugs in case of a swine flu outbreak.On a same-store basis, sales climbed 6.3%. Over-the-counter drug sales ...
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Target sales up 1.8%
Retailers’ sales for the festive period were boosted by last-minute shopping and reduced pre-Christmas discounting, thanks to tighter management of inventories in the run-up to the holidays.Like-for-like sales at discounter Target rose 1.8% year on year; fashion giant Gap’s like-for-likes were up 1%, including a 7% rise at its cheaper ...
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Auchan to launch new discount store
Hypemarket operator Auchan is to launch a new discount format at Mulhouse in eastern France, by rebranding one of its underperforming stores.The store will adopt a new banner, called Priba by Auchan. Employees of the store were told about the change on December 24 by store director Marc Du Colombier.The ...
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Retail sales down in Germany
Retail sales fell 2.8% year on year in November and are expected to have declined by about 2% for 2009 overall, according to Germany’s Federal Statistical Office.Sales for the first nine months were down 1.8%. Products experiencing declines included clothing, which were down 3.5% on the year.Personal care and prescription ...
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Al Hokair to expand in the Middle East
The board of Saudi Arabian retailer Al Hokair has approved an expansion plan that covers Kazakhstan and could eventually include Egypt, Jordan and the United Arab Emirates.The group, which specialises in fashion retailing - including franchises for Inditex and M&S - and foodservice, would not disclose further details, saying only ...
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Lawson revenue hits £2.3bn
Operating revenue at convenience store player Lawson hit JPY339.7bn (£2.3bn) for the nine months to November 30, 2009.Operating profit came in at JPY44bn (£302m), while net profit was JPY23bn (£158m).The results came during a difficult trading environment for Japanese convenience stores, with relatively bad weather coinciding with a decline in ...
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7-Eleven to open 1,000 convenience stores in Japan
Seven & I-owned 7-Eleven plans to open a further 1,000 convenience stores in Japan in the next year and to close 500 to 600 underperforming outlets, local press reported.Its 2010 financial year will be the second year of such large scrap-and-build expansion. Many of the new stores will be located ...
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Fast Retailing revenues up 40%.
Fashion giant Fast Retailing revenues rocketed 40% year on year for its first quarter to November.Same-store sales jumped 21% and operating profit soared 49% to JPY61.1bn (£419m).Fast Retailing said the performance was driven by new products, the opening of its Paris Uniqlo global flagship store, the launch of the +J ...
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Magnit to invest $1bn in development
Sergey Galitsky, the chief executive of Russian grocer Magnit, has revealed that the company is planning to invest up to $1bn (£619.8m) in development this year.Magnit has doubled the number of new store openings it expects, compared with the target it gave last October. It plans to open 25 to ...
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Jerónimo Martins sells 35 discount stores
Portuguese retail giant Jerónimo Martins has sold 35 of its Polish Biedronka discount stores to local player Presspo so it complies with Polish Competition Commission requirements for its acquisition of the Tengelmann-owned Plus discounter chain in Poland.The Commission said Jerónimo Martins must sell 38 Biedronka stores before it would give ...