More on Me + Em – Page 2736
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NewsNext opens first dedicated shop-in-shop sportswear departments
Next has opened its first dedicated shop-in-shop sportswear departments in three of its stores.
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Discount voucher sites ready for festive bonanza
Discount voucher sites are gearing up for a busy Christmas in the expectation that cash-strapped shoppers will be hunting for festive deals online.
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Wal-Mart plans to offer more than 100 toys at £6 over Christmas
Wal-Mart is planning to offer more than 100 toys at $10 (£6) during the festive season.Last year, the grocery giant offered just 10 toys at that price point. The retailer will also, up until Christmas, match any local competitor’s advertised offer on the same toy product if it falls below ...
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Carrefour facing pressure from its largest investors
Carrefour is facing pressure from its largest investors, Colony Capital and billionaire Bernard Arnault, to sell its operations in Asia and Latin America.The call follows a drop of close to 30% in the value of Carrefour stock since the shareholders came on board in 2007.A source close to the board ...
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Pantaloon Retail reported total group income rose 31%
India-based Pantaloon Retail reported total group income rose 31% to INR76.69bn (£1.01bn) in its financial results for the year ended June 30.Net profit after minority interest declined sharply from INR219.3m (£2.9m) in the previous year to INR100.7m (£1.3m). The group is expecting to achieve 35% to 40% sales growth during ...
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Seven & I will take over about 80 kiosks at Keihin Electric Express Railway’s train stations
Seven & I, which operates the 7-Eleven chain, has said it will take over about 80 kiosks at Keihin Electric Express Railway’s train stations.This is the first time that 7-Eleven Japan will open stores in train stations. Rivals Lawson and FamilyMart already have business alliances with Tokyu and Siebu Railways, ...
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Delhaize Group enters non-binding letter of intent with BI-LO to its assets
Belgium-based grocer Delhaize Group has entered into a non-binding letter of intent with US retailer BI-LO to acquire a substantial majority of BI-LO’s assets, including associated inventory, for $425m (£266.8m).The news came in the midst of BI-LO’s bankruptcy proceedings in the US Bankruptcy Court for the District of South Carolina. ...
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Walgreens has posted record figures for the year ended August 31
Drugstore chain Walgreens has posted record figures for the year ended August 31, with sales rising 7.3% to reach $63.3bn (£39.76bn).Net earnings for 2008/09 were $2.01bn (£1.26bn) reflecting a 7% decrease from the previous year.The retailer, famed for its rapid expansion, now wants to slow the pace of store openings. ...
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Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...
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Le Blog Mulliez reveals the first Auchan hypermarket is set to open in the Middle East
Le Blog Mulliez, an independent blog focusing on the Mulliez family’s retail empire, has unveiled that the first Auchan hypermarket is about to open its doors in the Middle East, in Dubai’s Dragon Mart shopping centre.The store has a sales area of 93,650 sq ft. It will be the first ...
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EIB has approved a loan of €47m to help Metro Group set up five cash and carries in Vietnam
The European Investment Bank (EIB) in Luxembourg has approved a loan of €47m (£43.1m) to help Metro Group in Vietnam set up five cash and carries in Bien Hoa, Binh Duong, Nha Trang, Long Xuyen and Quy Nhon.The loan was issued following the European Union’s strategy in Asia to help ...
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Fast Retailing reports like-for-like sales increase by 31.6%
Fast Retailing, operator of the Uniqlo clothing retailer, reported like-for-like sales increased by 31.6% year on year in September. Total sales climbed 41.5%.The company attributed the growth to cool temperatures throughout the month, which kept sales of autumn and winter goods strong. Also, an extra day of national holiday during ...
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OpinionIPOs will face an inquisition
After all the feverish speculation of the past few weeks, there is now little doubt that a raft of retailers is preparing to float in the new year.
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OpinionRivals’ inroads haven’t done Tesco much harm
Sir Terry Leahy may be many things, but he isn’t known for being a ray of sunshine in the industry. So it was interesting to see him cutting a more bullish figure about recovery prospects this week than others like Sir Stuart Rose and Simon Wolfson have been.
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OpinionRetail can close the online divide
We need to start a wide-ranging national effort to ensure that as many people as possible are brought into the digital world.
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OpinionPoliticians need to play the long game
“Nice idea, but you’re a dreamer if you think it’ll ever come off.” The words of one Government official to me in a recent meeting.
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OpinionTwitter.com/Twelpforce
Best Buy has a reputation for excellent customer service and online savvy that has its UK rivals worried even before its debut here next year. Some of its efforts in social media are examples of both.
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GalleryStore of the week: Estella Cologne, Germany
This is Estella – a name that will be almost totally unfamiliar to British ears as it is a fledgling retailer that has just opened its first store, in Cologne.
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GalleryThe Retail Interiors Awards 2009: It’s what’s inside that counts
Despite the recession there’s still been a lot to shout about in retail design this year, as the winners of the Retail Interiors Awards show. By John Ryan.
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NewsCan Wal-Mart hold on to its new-found customers?
Wal-Mart’s everyday low price stance has been paying off in the US recession.