More on Me + Em – Page 2718
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NewsTM Lewin rules out IPO after strong half
Shirt specialist TM Lewin has ruled out an IPO and has put to bed speculation that backer HBoS wants to exit the business.
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NewsNew online start-up to mimic eBay
A new website set up by a former clothing manufacturer and retailer claims to have ambitions to be the “biggest rival” to eBay.
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NewsMint Velvet to drive ‘destination appeal’ of online flagship store
New women’s fashion retailer Mint Velvet plans to expand the content on its website in the coming months in an attempt to make it a true “destination” for its customers.
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NewsPerfume Shop launches Christmas marketing drive
The Perfume Shop is offering shoppers deals of up to 60% off
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Louis Delhaize to exit Caribbean markets
Belgian grocery group Louis Delhaize is to exit its Caribbean markets. Subsidiary SISB is up for sale in Guadeloupe, French Guiana, Martinique, St Martin and St Barthelemy. Around the region, the group operates four Cora hypermarkets, 15 Match supermarkets, 57 Ecomax discount stores, one Leader Price discount store, a wholesale ...
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National Retail Federation expressed concerns over financial difficulties
The National Retail Federation expressed concern that thousands of retailers in the US could face financial difficulties after lender CIT Group filed for bankruptcy protection.CIT lends to 2,000 companies that supply merchandise to more than 300,000 stores. Around 60% of the US apparel industry depends on CIT for financing.CIT chief ...
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Toys R Us to open FAO Schwarz boutiques
Toys R Us, which bought the FAO Schwarz brand in May, has announced it is opening FAO Schwarz boutiques in some of its stores and relaunching the iconic toy store’s website. This year, Toys R Us will open 585 boutiques branded with the FAO Schwarz name in its stores beginning ...
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Office Depot reports $413m net loss
Stationery giant Office Depot reported a $413m (£252.4m) net loss in its third-quarter results.Sales in the group’s North American retail division were $1.3bn (£794.5m), down 18% compared with the same period last year, due in part to having fewer stores. Comparable store sales in the 1,144 stores in the US ...
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Amazon won't sell wine in the US
Amazon has ditched plans to sell wine in the US after hitting various problems.The etailer’s plans to sell wine direct have been hampered from the outset by the complicated regulatory and distribution system in the US.The retailer had hoped to ship US wines to up to 26 states, but its ...
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Metro Group to expand to Asia
Metro Group is set to begin a massive expansion in Asia, according to Metro Cash & Carry International chief executive Frans Mueller.The company is planning to start with 20 hypermarkets in Tokyo.Metro is also looking at other Asian countries, especially China, as well as Eastern Europe - Russia and Ukraine ...
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Tengelmann confirms 200 redundancies
Retail giant Tengelmann has confirmed that it will make 200 redundancies in Germany.The redundancies will affect the retailer’s supermarket chain Kaiser’s Tengelmann (183 employees) and head office in Mülheim. The latter job cuts are due to the sale of discount banner Plus to Edeka.The Kaiser’s Tengelmann redundancies will affect the ...
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Abercrombie & Fitch to enter the Italian market
Casual luxury US clothing retailer Abercrombie & Fitch has entered the Italian market, opening its first store in Milan.The flagship store trades from 32,290 sq ft spread over two floors and features a 5,380 sq ft Abercrombie Kids section. A spokesperson for the retailer said the brand should appeal to ...
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French retailers accused of improper dealings with manufacturers
Carrefour, Leclerc, Auchan, Delhaize-owned Cora, Système U and four other retailers have been summoned before the commercial courts in France to defend allegations of improper dealings with manufacturers.Contracts between retailers and suppliers under scrutiny include those that require suppliers to buy back their unsold inventory and those where retailers can ...
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Grupo Famsa reports MXN199m (£9.3m) net income
Department store operator Grupo Famsa reported MXN199m (£9.3m) net income for the third quarter, up by 371.6% from the same period in 2008.Net sales during the quarter reached MXN3.71bn (£173m), up by 6.1% year on year. The positive performance was primarily attributed to an 8.4% increase in sales at its ...
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.
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OpinionJanuary could be just the start of VAT woes
The word is that it’s not just raising VAT to 20% that is being considered, but even the introduction of a 5% rate on food that is currently VAT exempt.
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OpinionDid sense get lost in the post?
The postal strike is a classic example of the demise of common sense.
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OpinionA vote of confidence in UK retail
Retailers will have to run faster to stand still. Competition will intensify and the margin for error will narrow.
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GalleryHelly Hansen Manchester
The newly opened Helly Hansen store, in Manchester’s Arndale Centre, says much about the Continental view of the UK.