More on Me + Em – Page 2767
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NewsTesco wages war on WHSmith with back to school campaign
Tesco aims to conquer the ‘back to school’ market with a price comparison campaign against WHSmith.
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NewsAlexon’s new look for plus-size brand Ann Harvey
Womenswear group Alexon is to relaunch its Ann Harvey brand as it seeks to widen its appeal and target a younger market.
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NewsAsda cites low prices and quality as key to success across markets
Asda has claimed its food, home and leisure and George clothing departments are all outperforming their respective markets.
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NewsThomas Pink to trial women’s only store formats
Shirt retailer Thomas Pink is to trial a new women’s only store format at its Harrods concession and in its Jermyn Street outlet. Designed by San Francisco-based design consultancy Brand & Allen, the new look will launch in Jermyn Street next month and is based around a boudoir design.
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Tengelman posts sales up 3%
Family-owned international retail group Tengelmann posted European sales of €12.36bn (£9.86bn) in its 2008 financial year.Kaiser’s Tengelmann - the supermarket division under strategic review - reported a 3% sales increase on a comparable basis, partly thanks to the ongoing store renovation scheme that will revamp 200 out of about 700 ...
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US fashion retailers struggle in second quarter
A number of clothing retailers have reported negative results in their second quarters, with only Urban Outfitters posting positive sales up against last year.Abercrombie & Fitch made a net loss of $26.7m (£16.3m) against a profit of $77.8m (£47.6m) during the same quarter last year, with total sales plummeting 23% ...
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Blockbuster Q2 revenues fall nearly 22%
Blockbuster has posted lower than expected quarterly revenues and same-store sales, blaming stiff competition for its performance.The DVD rental chain made a net loss for the second quarter that narrowed to $39.7m (£24.3m) from a net loss of $44.7m (£27.3m). Revenue fell nearly 22% to $1.02bn (£623.9m). Chief executive James ...
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Escada files for bankruptcy
Fashion house Escada has filed for bankruptcy after it failed to line up financing and an insufficient number of shareholders of the Munich-based women’s clothing and accessories company supported a debt-restructuring plan.The bankruptcy filing will be examined by a judge who will then appoint an administrator. Escada employs more than ...
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Lidl slows expansion in Finland
According to Lidl managing director Antti Tiitola, the Schwarz Group-owned discount grocer has slowed its pace of expansion in Finland due to its increasing saturation in the market.The retailer now plans to open just two to five stores each year.Lidl has more than 130 stores in Finland, with an overall ...
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Shopper’s Stop managing director moves to non-exec role
BS Nagesh, managing director at K Raheja-owned multi-format retailer Shopper’s Stop, is leaving his role and moving into a non-executive position as vice-chairman of the company.As part of a company wide succession planning process Shopper’s Stop chief executive Govind Shrikhande will take over managing director duties from Nagesh and become ...
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Costco opens first Australian store in Melbourne
US-based warehouse club Costco has opened the doors of its first Australian store.Located in Melbourne, the 155,000 sq ft store attracted more than 1,000 shoppers within the first hour of trading. The store features about 3,600 SKUs comprising groceries, electronics, clothing, DVDs, books and furnishings.Fresh food is predominantly sourced locally, ...
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Best Denki set for expansion in India and Middle East
Consumer electronics retailer Best Denki will team up with Indonesian construction company Bangun Persada Tata Makmur to open stores in India and the Middle East over the next three to five yearsThe retailer already has 45 overseas stores in eight countries outside Japan, including Singapore and Malaysia, and runs a ...
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Pharmacy 36.6 faces bankruptcy proceedings
Pharmaceutical distributor Protek has initiated bankruptcy proceedings against Pharmacy Chain 36.6 in an attempt to recover debts owed by the retail giant.On August 4 Protek filed papers with the Arbitration Court of Nizhny Novgorod recognising the debtor TDE Pharmacy - part of the Pharmacy Chain 36.6 network - as insolvent. ...
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NewsHome Retail Group sounds alarm on credit insurance risks
Argos and Homebase parent Home Retail Group has written to its suppliers urging them not to do business with retailers that have had their credit insurance removed.
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NewsJessops hires chief executive as restructuring nears end
Jessops has appointed Select Property managing director Trevor Moore as chief executive while questions continue over the retailer’s future as a quoted company.
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NewsAdams picks fashion veteran to take the helm
Adams has appointed Brian Heilbron as its new chief executive as it positions itself as a fashion-forward kidswear retailer.
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NewsB&Q tests email discount voucher to clear stock
B&Q has embarked on its first viral marketing campaign in an attempt to drive sales and clear stock.
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NewsPeacocks ramps up web operation with site revamp
Value fashion retailer Peacocks is to relaunch its website early next year as it seeks to drive its online sales.
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NewsDutch fashion player signs for iconic store
Dutch fashion retailer The Sting has confirmed it will make its UK debut next spring in the iconic Tower Records store on the corner of Piccadilly Circus and Regent Street, as predicted in Retail Week (May 1).
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NewsLK Bennett to roll out new look
Upmarket women’s fashion retailer LK Bennett is to roll out its new-look store design that it unveiled at its 2,670 sq ft shop in Bluewater last month.