More on Me + Em – Page 2750
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News
Moody’s Investors Service forecasts slowing of same-store sales
Moody’s Investors Service forecasts a slowing of the same-store sales declines that have been affecting US department stores in the second half of the year.Despite the slowdown, it is still likely to be a tough period for department stores, with the sector forced to discount heavily in the holiday season ...
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News
Toys R Us introduces video game trade-in programme
Toys R Us has introduced a video game trade-in programme at its stores across the US.Gamers can exchange their used video game titles from almost any system, including classics like Intellivision or the newest platforms, for a Toys R Us gift card to the value of the trade-in. Gift cards ...
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Auchan create new concept in Russia
French retailer Auchan has created a new concept in Russia called Raduga, which translates as Rainbow.The stores, which are between 5,000 and 7,000 sq m, will be price-orientated discount superstores. Two stores are planned to open in Kalouga and Penza by the end of the year.With this new banner, Auchan ...
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News
Amazon’s Japanese unit has to deliver books to customers free of shipping charge
Amazon’s Japanese unit has announced that it will deliver books to customers free of shipping charges through at least early November, regardless of order value, to drive sales.All new books and comics will now be mailed for free, but magazines and used books will carry a delivery fee.Depending on results, ...
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News
Dollar General reports net sales of $2.9bn
Discount chain Dollar General has reported net sales of $2.9bn (£1.74bn) for its second quarter ending July 31, an 11.2% increase. Same-store sales increased 8.6%.The company reported net income for the quarter of $93.6m (£56.1m), a jump of 237.7%.“The results of our efforts to help customers save time and money ...
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News
Office Depot outlines new strategic initiatives for group
Office Depot has outlined a number of new strategic initiatives for the group.In its North American division, the retailer is reviewing its product mix, reducing dependency on low-margin consumer electricals and increasing the provision of high-margin services such as its Tech Depot Services. It has also increased its private label ...
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News
Talbots posts £12.3m net loss
AEON-owned Talbots posted a $20.5m (£12.3m) net loss from continuing operations for the quarter ended August 1, compared with last year’s loss of $12m (£7.2m).Net sales for the quarter were $304.6m (£182.5m), compared with $395.2m (£236.7m) last year. Talbots president and chief executive Trudy Sullivan said: “We are beginning to ...
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News
Quelle secures financing until end of year
The administrator of Quelle, the mail order unit of insolvent German retailer Arcandor, has said that it has secured financing until the end of the year, paving the way for the business to be sold.The insolvency administrator and creditor banks came to an agreement for Quelle’s factoring, in which banks ...
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News
Carrefour enters Iranian market
Carrefour has entered the Iranian market through its franchise partner in the Middle East, Majid Al Futtaim (MAF).MAF has opened a hypermarket in Tehran, in the western district of Ferdows. Like in Pakistan, where Carrefour has been trading for four months, the hypermarket has not opened under the Carrefour banner ...
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News
The Warehouse announces final results
New Zealand-based retailer The Warehouse has announced its financial results for the 53 weeks ended August 2.The company reported a net profit after tax for fiscal 2009 of NZ$76.8m (£32.5m), compared with NZ$90.8m (£38.4m) in fiscal 2008. Group sales for the year were NZ$1.72bn (£728.3m), down 0.8% on the previous ...
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NewsAll roads lead to Russia for expanding retailers
A week cannot pass in retail without an international retailer being linked with a potential entry into the Russian market.
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NewsMothercare buys remaining 50% of Gurgle.com
Last week Mothercare announced that it has bought the remaining 50% of social networking site Gurgle, just as HMV announced that it is closing its networking site GetCloser.
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OpinionLehman’s ghost laid to rest?
Tuesday was the anniversary of Lehman’s collapse, which a year ago sent retail sales plunging within hours of its demise.
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OpinionRunning Marks & Spencer – a poisoned chalice?
A look at the list of favourites to succeed Sir Stuart Rose as Marks & Spencer chief executive shows just how chosen headhunter Jan Hall has her work cut out.
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OpinionThe day the zombies took over
As a boy in my South Yorkshire mining village, often on Saturday mornings I went to the picture house and watched a black and white film.
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OpinionRetail is a positive place to be
For the past year or more, the primary discussion topic has been the unforeseen yet swift onset of the recession.
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GalleryStore of the week: Manolo Blahnik, Dublin
If there’s one thing that upscale shoemaker Manolo Blahnik is famous for, it has to be killer heels. This is the purveyor of footwear that leaves women feeling empowered and men emasculated with dizzyingly high heels being de rigeur.
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GalleryPutting on the style at Homebase
Homebase has been working hard to improve the interior of its stores. John Ryan visits Basingstoke to see the latest stage in its design journey
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NewsNext’s Simon Wolfson: sentiment won’t recover with economy
Next chief executive Simon Wolfson does not expect any fundamental return to improved consumer sentiment despite emerging signs of economic recovery.
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NewsN Brown eyes bricks and mortar for brands
N Brown’s acquisition of multi-channel retailer High & Mighty could lead to stores for the home shopping group’s other brands.