More on Me + Em – Page 2713
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NewsRecession to drive store card comeback
Store cards are posed for a comeback next year as retailers offer alternative lending options to consumers finding it hard to secure credit through other channels.
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NewsJohn Lewis launches video guides
The department store chain has created a series of video buying guides for technology products featuring partners from its stores for its website.
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NewsSavers reduces losses and pins hopes on rallying like-for-likes
Value health and beauty chain Savers reduced its losses in the last financial year and is confident it is moving towards profitability.
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NewsModern Warfare 2 fires up flagging games sector
Games retailers pulled out all the stops this week as they clambered to grab share of the biggest ever software launch to hit the market.
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NewsSignet upbeat as Ernest Jones sales improve
Jewellery retailer Signet reported that an improvement at its Ernest Jones chain has helped it achieve almost flat UK like-for-like sales in its third quarter to October 31.
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NewsMothercare could suffer from toy discounting
Maternity specialist Mothercare, which also owns Early Learning Centre (ELC), posts interims on Wednesday, when broker Singer expects flat profits of about £9.7m.
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NewsNew strategy lifts Majestic Wine
Majestic Wine is expected to report a solid performance at its interim results on Monday.
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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Caremark has lost out on £2.9bn in contract renewals
CVS’s pharmacy benefit management arm Caremark has lost out on about $4.8bn (£2.9bn) in contract renewals this year.The retailer warned investors to expect margins to fall by about 10% next financial year as a result. CVS reported a 17.9% year-on-year rise in revenues to $13.6bn (£8.3bn) at its retail pharmacy ...
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Lidl teams up with Nabtaaler Milchwerke to launch private-label lines
Discounter Lidl has teamed up with Bavarian dairy company Nabtaaler Milchwerke to launch Lidl’s first regional private-label lines. Lidl has been selling Bavarian long-life milk for some time in some regional divisions to support dairy farmers in the federal state. The discounter registered the trademark “Ein gutes Stück Heimat” - ...
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ICA posted third quarter net sales of £2bn
Ahold’s Scandinavia and Baltics arm ICA posted third quarter net sales of Skr23.5bn (£2bn) - a 3% increase compared with the same period last year. At constant exchange rates, net sales climbed 1.3% at the grocer. Operating income rocketed 37% to Skr936m (£82m).ICA managed to significantly reduce its losses in ...
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Otto plans to expand its Russian operation
Mail order giant Otto intends to expand its Russian operation after acquiring the Russian subsidiary of bankrupt rival Arcandor’s Quelle division. Otto, which already considers itself market leader in Russia, is acquiring the rights to the Quelle brand, as well as some sub-brands and its internet domains in Germany and ...
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October like-for-like sales paint negative picture in US
The round of October like-for-like sales showed a generally negative picture as consumer confidence continues to struggle in the US. Of the few positive results, most came from retailers operating at the top and bottom of the market. Upmarket department store chain Nordstrom, for example, reported a 6% lift in ...
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Whole Foods Market reports 2.3% sales increase
Organic retailer Whole Foods Market reported a 2.3% sales increase to $1.8bn (£1.1 bn) for the fourth quarter to September 27.Comparable store sales decreased 0.9% versus a 0.4% increase the previous year. Adjusted EBITDA soared 46% to $133.5m (£81.8 m). Chief executive John Mackey said: “We believe our sales have ...
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Carrefour's Guy Yraeta is to leave the business
Carrefour’s Guy Yraeta, who is in charge of the group’s key European operations, excluding France, is to leave the business.Yraeta spent 33 years at Carrefour and is responsible for the hypermarket reinvention project, which is in the process of developing a new concept for Carrefour’s struggling hypermarket format. Until a ...
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Delhaize Group posted 1.9% revenue growth
Delhaize Group posted 1.9% revenue growth at identical exchange rates for the third quarter. At actual exchange rates the supermarket operator increased revenues by 4.8% to €4.9bn (£4.4bn) due to the strengthening of the US dollar by 5.2% against the euro compared with last year. Operating profit rose 5.7% to ...
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Sales at electronics retailer Yamada Denki climb
For the six months to September 30, sales at consumer electronics retailer Yamada Denki climbed 1.9% to JPY936.6bn (£6.3 bn). Operating profit fell 15.4% to JPY25.1 billion (£168 million). Net profit was down 20.2% to JPY16.4 billion (£110 million).
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OpinionMarks & Spencer takes a bigger bite
The long siege of Marks & Spencer’s food division by grocery rivals has not yet been lifted, but the defence is looking more confident and the fight is increasingly being taken to the opposition.
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OpinionFewer, better shops are the future of retail
There was a rich irony in the retailer speaker at this year’s British Council of Shopping Centres conference in Manchester being employed by a company that has no shops.
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OpinionRetailing lessons from Formula One
It is a minor miracle. A Formula One Grand Prix team, based in the UK, with a largely UK workforce, has won the constructor’s championship for the second year running.