More on Me + Em – Page 2730
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NewsTesco invests £3m in senior staff development
Tesco will spend £3m on senior management training through its Tesco Academy over the next 12 months, marking what it says is the biggest investment in senior team development in the retail sector to date.
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NewsJohn Lovering to step down as Debenhams chairman
John Lovering is expected to step down as Debenhams chairman when the company releases its full year results on Thursday.
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NewsLondon retail sales rise but outlook still uncertain
Central London retail sales put on their strongest growth last month since October 2008, according to the BRC-KPMG London Sales Monitor.
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NewsHabitat may be sold after advisors brought in
Habitat’s Swedish owner has begun a strategic review of the furniture retailer which may lead to a sale of the business.
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NewsFlying Brands sales buoyed by gardening arm
Flying Brands has said that sales for the three months to October 2 were in line with management expectations at £5.53m.
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NewsJJB shareholder sells 22 million shares ahead of capital raising
One of JJB Sport’s largest shareholders, Crystal Amber Fund, has sold over half of its shares in the retailer but says it will support its proposed capital raising.
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NewsMothercare signs new joint venture to further growth in India
Mothercare has signed a new joint venture with DLF Brands to further its expansion plans in India.
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OpinionCo-op needs to toughen up
The Co-operative Group has achieved a lot since buying Somerfield. But it’s chief executive Peter Marks needs to toughen up to take on the big boys.
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NewsOnline retailers investigated by OFT
Online retailers are being investigated for the practice of targeted pricing and advertising while supermarkets’ Bogof offers are also being scrutinised.
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NewsJohn Lewis sales up 13%
Total sales at John Lewis grew 13.3% on last year for the week to October 10.
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NewsCarrefour to pull out of Russia
Carrefour is to pull out of Russia just months after opening its first stores in the country.
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NewsClinton Cards reports improvement in second half
Clinton Cards has reported a marked improvement in second half like-for-like sales after reducing borrowings and ditching its loss-making Birthdays business.
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US Retail sales rise
US Retail sales have risen for the first time since the financial crisis started in September last year.This year, September’s sales were up 1.1% on the same month last year, according to the Retail Metrics like-for-likes sales index. The rise was attributed to stronger autumn fashions, more aggressive promotional activity ...
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Maxeda h1 sales flat
Variety retail group Maxeda has posted a 0.1% rise in net sales for the first half of this year. Net sales amounted to e1.6bn (£1.4bn) while same-store sales declined 1.9%.Operating EBITDA for the Netherlands’ largest non-food retailer decreased 3.7% to e100m (£86m). In the first half of the year, Maxeda ...
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PPR to float CFAO
Luxury and retail group PPR has announced plans to float its CFAO distribution unit.The African division will be floated on the Euronext stock exchange in Paris by the end of the year, subject to favourable market conditions. The high-growth CFAO unit generated sales of e2.86bn (£2.45bn) last year.
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Gianni Versace plans Japan exit
Designer fashion brand Gianni Versace plans to exit the Japanese market due to a slowdown in consumer spending.Its three stores in Tokyo, Osaka and Chiba will be shut and liquidation measures are expected to be complete by the end of the year. “The Versace boutiques in Japan no longer represented ...
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JC Penney signs Liz Claiborne licensing deal
US Department store chain JC Penney has signed a licensing agreement with Liz Claiborne to exclusively sell its namesake line of clothing in stores beginning in autumn next year.The 10-year deal includes 30 categories from apparel and accessories, including jewellery, shoes anda home merchandise. After five years, JC Penney will ...
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Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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X5 Retail Group sales up 24%
Russia’s country’s largest grocery retailer X5 Retail Group reported net retail sales increased 24% year on year in the third quarter to RUB65.7bn (£1.3bn).Like for like sales grew 8% year on year, supported by 7% traffic growth. Customer traffic at its discounter, Pyaterochka, surged 12%, driving like-for-like sales growth of ...