More on Me + Em – Page 2695
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News
Revenue at pharmacy operator Nepstar declines 9.3%
Revenue at pharmacy operator Nepstar declined 9.3% in the third quarter to Yn556m (£495m), while net income remained stable at Yn7m (£33m).Nepstar chief finance officer William Dai said: “Our ability to consistently generate strong free cash flow demonstrates that our financial health has strengthened throughout the economic recovery and paves ...
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News
Metcash posts a 36.5% rise in first-half profit
Grocery wholesaler Metcash posted a 36.5% rise in first-half profit, with chief executive Andrew Rietzer describing its grocery alliance business IGA as a “powerhouse” that is performing well against the competition.“The trading environment is strong. However, low price inflation continues to hamper trading opportunities across all of our business pillars,” ...
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News
Delhaize Group reveals plans to cut operating costs by €300m
Delhaize Group has revealed plans to cut operating costs by €300m (£267m) by 2012 and intends to introduce a more price competitive strategy from 2010 across all its fascias.The Belgium-based group intends to cut operating costs through fascia-specific initiatives and by increasing shared services across the group.Delhaize is also ...
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News
Grupo Pão de Açúcar acquires 51% stake in Casas Bahia
Casino-owned Grupo Pão de Açúcar has acquired a 51% stake in electricals chain Casas Bahia, a rival to its Ponto Frio fascia.Casas Bahia operates 513 stores in Brazil and focuses strongly on white goods, furniture and electronics.The existing shareholders of Casas Bahia will retain a 49% stake in the retailer.As ...
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News
Cencosud plans to invest $700m in five South American countries
Cencosud plans to invest $700m in five South American countries as part of its 2010 growth plan.The investment will be distributed among projects Cencosud has in Argentina, Brazil, Chile, Colombia and Peru, according to president Horst Paulmann.Details of how the investment will be distributed among the five countries have yet ...
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News
Reliance Retail appoints Gwyn Sundhagul as chief exec of value-format division
Reliance Retail has appointed Gwyn Sundhagul chief executive of its value-format division, which includes the Reliance Mart, Reliance Super and Reliance Fresh fascias.Sundhagul was formerly chief marketing officer of Tesco’s Thai subsidiary Lotus. Reliance Retail operates almost 1,000 retail stores throughout India.
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News
Payless ShoeSource to open its first five stores in the Philippines
Payless ShoeSource is to open its first five stores in the Philippines by mid-next year with franchise partner Stores Specialists.Stores Specialists is the leading fashion specialist in the country, managing 72 high profile brands and 340 retail stores.In the past year Payless ShoeSource has struck franchise agreements for the retailer’s ...
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AnalysisCan Best Buy dent locals’ dominance in China?
After pursuing cautious expansion in China since opening its first eponymous superstore there in 2006, Best Buy is planning to ramp up expansion in the market next year.
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AnalysisNeed to know: World Cup 2010
Next year’s football World Cup will be a huge opportunity for UK retailers. Here, we outline who stands to benefit the most and how to cash in on it.
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AnalysisGerry Johnson is determined to ensure that Waterstone's has a future
Waterstone’s affable managing director has had a hard time but is dedicated to ensuring that high street bookselling’s ‘last man standing’ has a future. Nicola Harrison profiles him.
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AnalysisShopping centre marketing part funded by service charges: Money well spent?
Shopping centre marketing part funded by service charges should lead to increased footfall and sales. So why don’t retailers know where the money is going, asks Sara McCorquodale?
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AnalysisMigrant workers: Rubber-stamping your staff
Ensuring the documentation of migrant workers is all in order can be an administrative nightmare and requires delicate handling. Liz Morrell finds out how best to approach it.
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AnalysisWhy reviews aren’t just about pay
Staff reviews shouldn’t stop because wages have been frozen. Sara McCorquodale explains why.
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AnalysisWhat it’s like to work at Mothercare
The inside view from group human resources director Sue Malti.
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OpinionTesco quietly impresses
Tesco’s trading updates often split the City, and Tuesday’s third-quarter announcement was no exception. Some highlighted that UK like-for-like growth was below expectations, while others reiterated the longer-term benefits of being more than just a UK food retailer.
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OpinionNovember numbers not such a let-down
After the strong sales performances in September and October, November’s weaker sales will add grist to the usual hype that this Christmas will be the worst in ‘x’ many years.
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OpinionCVAs are the lesser evil
Company voluntary arrangements are not ideal but I do believe that they are a much better solution than the alternatives of full administration or the pre-pack, says Blacks Leisure chief executive Neil Gillis
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OpinionSanta and his enterprising sleigh
Preparing for the two most important trading weeks of the year and ensuring you reach expectations.
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NewsPhones 4U accelerates store refit programme
Mobile phone retailer Phones 4U plans to ramp up its store refits in the new year with the aim of completing the whole chain by the middle of 2010.
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GalleryStreet of the week: Carnaby Street London
Anyone familiar with the Batman movies will know the one in which Jack Nicholson, playing the role of the Joker, heads into Gotham with a load of sinister-jolly balloons that spray poison gas onto the celebrating street revellers. Take an evening walk down Carnaby Street at the moment and something ...