More on Me + Em – Page 2745
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News
Metro Group sees first signs of a recovery in Eastern European markets
Metro Group has said it is seeing the first signs of a recovery in its Eastern European markets. However, chief executive Eckhard Cordes also warned of tough times ahead in the retailer’s home market of Germany.He said the crisis was not over yet and pointed out that Europe’s largest economy ...
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News
Casino receives acquisition offer from Jumbo
Supermarket Super de Boer, owned by French retail group Casino, has received an acquisition offer from family-owned Dutch grocer Jumbo worth €482m.The board of Super de Boer are assessing the offer, while Casino, which owns about 57% of Super de Boer’s shares, supports the offer.If completed, the deal would represent ...
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Lotte Shopping considers entry into India
Retail group Lotte Shopping is considering entry into India. Department store division director Daniel Kim said the group – the country’s largest retailer – plans to invest about KRW360bn (£174m) in overseas businesses this year, following on from market entries into Russia in 2007 and China last year.In addition, the ...
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News
Best Buy reports 12% increase in revenues
For its second quarter, Best Buy reported a 12% increase in revenues to $11bn (£6.7bn). Sales were lifted by the inclusion of Best Buy Europe’s revenue and gains from the addition of 170 new stores over the past year.Revenue gains were partially offset by a like-for-like sales decline of 3.9% ...
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News
Toys R Us to open pop-up stores in malls and shopping centres
Toys R Us is to open pop-up stores in malls and shopping centres and inside its Babies R Us shops as it tries to revive Christmas sales this year.The speciality toy retailer plans to open nearly 350 such shops in the US and Puerto Rico by early October, giving it ...
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News
Conforama to test smaller format called Confo Deco
PPR-owned household goods retailer Conforama is to test a new smaller format called Confo Deco, the first of which is expected to open in France in the first half of next year.Confo Deco will cover about 5,380 to 8,610 sq ft and focus on home decoration. Stores will be located ...
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News
Nakumatt pulls out of project
Kenya’s largest retailer, Nakumatt, has pulled out of its project to open a second store in Kigali, the capital of Rwanda.Following its market entry with a 24,760 sq ft supermarket in August last year, the retailer’s original plan had been to launch a 75,350 sq ft hypermarket at the Gateway ...
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News
Bharti Retail intends to become a billion dollar company by 2015
Local retailer Bharti Retail said it intends to become a billion dollar company by 2015 and is aiming to open 40 more retail outlets in the next three months.The group plans to invest up to $2.5bn (£1.5bn) by 2015 in its retail business. Bharti Enterprises vice-chairman and managing director Rajan ...
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News
Woolworths secures initial 5% stake in Danks
Multi-sector retailer Woolworths has secured an initial 5% stake along with its joint venture partner Lowe’s in hardware distributor Danks.The companies are set to take control of the DIY retailer following the acceptance of the AU$88m (£43m) takeover bid.An Australian Competition and Consumer Commission inquiry will examine the impact of ...
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NewsBlockbuster to shed stores as it rethinks strategy
US-based DVD rental company Blockbuster has announced it is planning to close as many as 960 stores in the US, representing more than a fifth of its total US stores, by the end of next year.
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News
Retail suffers as gloom outweighs IPO hopes
General retail stocks headed south and underperformed the market, despite rising speculation that a raft of IPOs - including a £1.7bn flotation of fast fashion group New Look - looks likely in the new year.
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DataICM Poll: Christmas Spending
In an exclusive poll for Retail Week, ICM Research interviewed a random selection of 2,053 adults aged 18 and over between September 18 and 20, 2009 about their attitudes to spending this Christmas.
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OpinionThe empire strikes back
Tesco publishes its first-half results a week on Tuesday. Sainsbury’s follows with its second-quarter numbers a day later. And this year the pair’s performance – even though not over comparable periods – will be even more of a needle match than usual.
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OpinionRetailers and politicians need to help each other
Retailers generally prefer to be left alone by politicians, if only because when politicians do get involved in the sector their actions tend to be utterly unhelpful. But both groups need each other.
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OpinionMind your own shop
There seems to be a general consensus now that while 2009 may have been slightly better than many retailers expected, 2010 might be a little more challenging.
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OpinionRugby.com/iphone allows users to create their own shirt designs
Several cutting-edge technologies – mass customisation, QR barcodes and oversized touchscreen store displays – are cleverly combined in the latest campaign by Ralph Lauren sub-brand Rugby.
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GalleryStore of the week: Cavells Outdoor Oakham, Rutland
Oakham is a small town of 12,000 people from which Nottingham, Leicester and Northampton are all similarly distant. As such, any retailer wishing to attract anything other than very local shoppers has to provide an environment that can’t be found elsewhere.
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GalleryTopman’s top shop
Topman’s Oxford Circus flagship store is a new standard bearer for Sir Philip Green’s menswear chain. John Ryan takes a tour with him
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NewsArcadia merges Burton and Bhs menswear role
Sir Philip Green’s Arcadia fashion group is understood to have promoted Burton brand director Wesley Taylor to head menswear for Burton and Bhs as part of the merger of Bhs with Arcadia.
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AnalysisNeed to know: London Fashion Week
Celebrating its 25th birthday, London Fashion Week has undergone a renaissance this year. So what’s changed and why is it important?