More on Me + Em – Page 2755
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News
China Resources Enterprise posted a 9.6% turnover increase
Grocer China Resources Enterprise posted a 9.6% turnover increase to HK$18.98bn (£1.5bn) at its retail division for the first half ending June 30, although profit attributable to shareholders fell 27.7% to HK$276m (£21.8m).Managing director Chen Lang said: “We will continue to focus on our core businesses in order to solidify ...
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News
Toys R Us has reported on its second quarter
Toys R Us has reported on its second quarter ending August 1. Net earnings increased to $27m (£17m) compared with $13m (£8m) for the second quarter of last year.However, net sales were down, declining 7.4% to $2.57bn (£1.57bn). Like-for-like net sales decreased 7.2% and 3.9% for its domestic and international ...
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Family Dollar reveals a 2.6% net sales increase year on year
Discount variety store operator Family Dollar posted results for the fourth quarter ending August 30, revealing a 2.6% net sales increase year on year to about $1.81bn (£1.1bn).Like-for-like sales for the same period increased 1%. Sales for the full year reached $7.4bn (£4.5bn), corresponding to 6% growth year on year ...
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CBD eyes up acquisition prospects
Casino-owned retailer CBD is eyeing up acquisition prospects after receiving a BRL600m (£178m) funding injection.Brazilian bank Itaú Unibanco granted CBD the money after the bank sought to relax a consumer finance venture with the retailer. The bank, which has similar relationships with other Brazilian retailers, wanted to end exclusivity clauses ...
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News
Department store operator Woolworths posts results
Department store operator Woolworths posted results for the year to June and said that consolidated turnover rose 5.5% to R21.18bn (£1.6bn). During the same period, operating profit fell 18.1% to R1.64bn (£124m).Reduced profits from discounted food ranges were offset by improved clothing and general merchandise margins, which came as a ...
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News
Fast Retailing aims to lift annual sales more than sevenfold
Multinational clothing retailer Fast Retailing aims to lift annual sales more than sevenfold by 2020, to reach ¥5 trillion (£32bn).As well as entering Russia next year with its Uniqlo flagship banner, the retailer wants to add about 100 stores a year in China. The group will also be seeking to ...
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News
Malaysian government moots allowing foreign hypermarket operators to open convenience stores
The Malaysian government is considering allowing foreign hypermarket operators such as Tesco to open convenience stores in the country, domestic trade and consumer affairs minister Datuk Ismail Sabri Yaakob said.Malaysia has eased restrictions on foreign retailers since a 2002 ban on superstores aimed at protecting local traders. While Carrefour, Tesco, ...
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NewsCarrefour pins €600m on revitalising sluggish sales
Recession-related despondency is being tackled at Carrefour with the launch of a new marketing campaign for its struggling French operations.
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NewsHMV takes a 50% stake in 7digital
HMV last week announced that it has taken a 50% stake in 7digital, thrusting the digital media company into the retail spotlight.
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OpinionTransparently good
Kingfisher and Sports Direct showed both sides of the corporate governance coin this week.
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OpinionThe Sunday trading battle still isn’t over
One running story dominated the early years of Retail Week more than any other – the battle over Sunday trading. It was bitterly fought and dragged on for years, and it was perhaps inevitable that what would emerge from the process would be an unsatisfactory compromise.
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OpinionTake a chance on youth
Tumbling mortgage rates, food deflation and lower energy bills – sighs of relief all round. But just when we thought the recession was beginning to ease, Britain has been dealt another blow.
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OpinionHas the hypermarket had its day?
Once upon a time, there was an era when the hypermarket format was exciting. Indeed, each hyper opening caused a frisson.
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GalleryStore of the week: Dr Martens Spitalfields
The Dr Martens pop-up shop in trendy Spitalfields epitomises all that’s best about the rage for stores that are here today and may be gone by tomorrow.
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GalleryMassimo Dutti: Continental chic meets country home
Massimo Dutti’s UK presence has so far been muted but the Inditex brand’s new Oxford Street store puts it in the limelight, says John Ryan
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NewsHouse of Fraser sets its sights on overseas expansion drive
House of Fraser is planning to open stores overseas in the next stage of its expansion plans under private equity owner Highland Group.
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NewsMint Velvet unveils its first collection
Clarks chairman Peter Davies’ new retail venture Mint Velvet unveiled its first collection this week.
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AnalysisThe sky’s the limit: Tomorrow’s retail stars
Far from sounding the death knell, many smaller niche brands are thriving in the downturn. Charlotte Hardie meets 10 of the UK’s bright stars to find out how they’ve bucked the trend
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AnalysisSunday trading: Open all hours?
It has been 15 years since the law changed allowing retailers to open for six hours on a Sunday and some retailers say it’s high time the rules were relaxed further.
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AnalysisNeed to know: Scottish licensing rules
Changes to Scottish rules on the sale and promotion of alcohol are causing confusion for retailers. What are the changes and how are they affecting shops?