More on Me + Em – Page 2777
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OpinionEmbracing digital media could give Asda an edge
Asda will next week steam ahead of the rest of the big four grocers in the social networking arena. And the bold move may well help it give the grocer an edge.
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NewsKaupthing retailer loans investigated
Details of loans made by collapsed Icelandic bank Kaupthing to a company owned by retail entrepreneur Kevin Stanford have been passed to criminal investigators in Iceland.
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NewsAuditors raise concerns about Borders UK
Borders UK auditor Ernst & Young raised doubts about the ability of the bookseller to continue as a going concern, according to accounts filed at Companies House.
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NewsUS sales down 4.7% in July
US retail sales fell again in July marking the 11th consecutive month of sales declines in the country.
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NewsOFT refers Sports Direct acquisition of JJB Sports stores to Competition Commission
The Office of Fair Trading has referred Sports Direct’s acquisition of 31 stores from rival JJB Sports to the Competition Commission.
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News‘Staycations’ boost John Lewis sales
John Lewis has reported a 5.6% rise in sales in the week ending August 1, crediting increased footfall, the weather and the trend towards ‘staycations’.
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NewsRetailers to gain if recovery of pound sustained
Retailers are poised to reap earnings and margin gains if the recovery of the pound is sustained and relieves pressure on buying costs.
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NewsBest Buy bolsters UK team with ex-Kingfisher man Kevin Styles
Electricals giant Best Buy has strengthened its UK team as it prepares to take on DSGi and Kesa when it launches here next year.
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NewsTesco insurance hiring signals finance drive
Tesco has hired former Royal & Sun Alliance director Julie Hopes as commercial director, general insurance, as it continues to ramp up its Tesco Personal Finance division.
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NewsSuperdrug to focus on beauty as it posts loss
Superdrug is confident it can increase its beauty market share despite suffering a pre-tax loss of £7.4m in the year to December 2008.
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NewsOKA cuts back on trading hours
Upmarket furniture retailer OKA has taken the decision to shut two thirds of its shops on Mondays to cut costs.
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NewsCarpetright shifts ads away from price focus
Carpetright has overhauled its marketing to focus on “emotional engagement” rather than just price as the retailer achieved its first like-for-like sales growth since the fourth quarter of 2007/08.
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NewsDisney Stores upbeat after return to profit
Disney Stores has bounced back into the black, recording a pre-tax profit of £2.8m in the year to September 27, 2008, after posting a loss of £6.6m the previous year.
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NewsCrabtree & Evelyn to focus on heritage
Natural beauty retailer Crabtree & Evelyn has restructured its management and will be led from London rather than the US as it refocuses the brand around its English heritage.
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NewsFreemans Grattan relaunches website
Home shopping group Freemans Grattan will this month relaunch its Kaleidoscope homewares and fashion website to deliver an improved customer experience.
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NewsFocus CVA plan to offload ‘dark’ stores receives positive reaction
Focus DIY’s proposed company voluntary arrangement (CVA) will be well received by creditors, according to analysts and landlords.
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NewsWickes improvement gives City hope for upturn in DIY
Good weather and a hike in online sales helped Wickes limit its like-for-like sales fall to 2.4 per cent in the six months to June 30.
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NewsTopps Tiles like-for-like sales decline slows
Topps Tiles’ like-for-likes fell 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
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NewsEfficiencies and pricing drive Flying Brands profit
Cost efficiencies have begun to improve profitability at multichannel retailer Flying Brands.
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News
Forecast cut for ‘overvalued’ Alexon
Seymour Pierce has slashed its full-year profit forecast for Alexon – owner of fashion businesses including Ann Harvey, Kaliko and Eastex – from break-even to a loss of £5m.