More on Me + Em – Page 2778
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NewsGreen shoots and toxic waste
Two years into the credit crunch, hopes are rising that an end to hard times could be on the horizon.
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NewsRetailers run on as updates hold promise
Investors once again went on a trolley dash for store stocks, helping general retailers outperform the market.
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NewsThe Entertainer ramps up digital marketing
Toy specialist The Entertainer is to extend its digital advertising efforts in anticipation of a bumper Christmas online.
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NewsRough Trade website to match in-store offer
Iconic independent music retailer Rough Trade will relaunch its website in September to synchronise its online operations with what it does in stores.
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Staples International president to leave the business
Staples International president Peter Ventress is to leave the business for a chief executive position at an as-yet unnamed UK-based public company.Staples president and chief operating officer Mike Miles will assume Ventress’ responsibilities from September 1, making Miles responsible for all of Staples’ international businesses.Chairman and chief executive Ron Sargent ...
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Metro's EBIT plummets
Metro’s EBIT plummeted 20 per cent to €307bn (£260.99bn) in the second quarter due to costs associated with its efforts to restructure the business.Sales for the period dropped 3.8 per cent to €15.3bn (£13.1bn) because of currency fluctuations in Eastern Europe.Over the first half, group sales slid 3.2 per cent ...
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Retail sales fall in Germany
Retail sales fell 1.8 per cent month on month in June as the global crisis maintained its grip on Europe’s biggest economy.The drop followed a 1.3 per cent decline in May and contrast with economists’ expectations that the country’s sales would improve slightly or, at worst, be flat in June.On ...
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Pharmacy Chain 36.6 reports preliminary consolidated sales drop
Pharmacy Chain 36.6 reported preliminary consolidated sales dropped 13.1 per cent in the first half of the year to RUB11.63bn (£222.1m).The company’s retail sales slumped 17.4 per cent on the year to RUB8.8bn (£168m).At the end of June the company had 1,036 pharmacies in 29 Russian regions. It opened six ...
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Casino's Exito business nakes deal with Cafam
Casino is to extend its reach in Colombia through a deal between its Exito business and local grocery and pharmacy group Caja de Compensación Familiar (Cafam).Exito will run Cafam’s 38 supermarkets and hypermarkets, while Cafam will operate Exito’s 91 drugstores, giving it a nationwide presence and a total of 150 ...
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Brazilian supermarket sales continue to top last year's
Brazilian supermarket sales continued to top last year’s figures in June, according to the Brazilian Supermarkets Association (Abras), leading to increased optimism for growth over the year.Supermarket sales in June increased 4.8 per cent in real terms compared with June last year, the trade group said.Abras raised its forecast for ...
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Colruyt posts increased first-quarter sales
Discounter Colruyt posted first-quarter sales up 6.6 per cent to €1.67bn (£1.42bn) against the same period last year.Sales from the group’s retail business activities climbed 7.3 per cent to €1.28bn (£1.09bn). Wholesale and food service sales jumped 10.4 per cent to €287.5m (£244.4m) as a result of the growth of ...
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LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...
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Revenues at PPR decline
Revenues at retail and luxury group PPR declined 3.6 per cent to €9.2bn (£7.9bn) in the first half.At its entertainment fascia Fnac, sales in its home market were down 5 per cent. Fnac’s operations in Belgium, Portugal and Brazil showed solid growth, whereas sales in Spain continued to deteriorate, dropping ...
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Wesfarmers has a better outlook for Australian retail sector
Multi-sector retail group Wesfarmers has revealed that it sees a better outlook for the Australian retail sector as global economic conditions start to improve.Chief Executive Richard Goyder said “the world was pretty grim” at the beginning of the year, but added: “It’s certainly better now than it was then.”Goyder added ...
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NewsHow does Sainsburys.co.uk compare?
Last week Sainsbury’s launched its non-food offer online. But how does the site compare with those of rivals Tesco and Asda?
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OpinionWhy retail leaders are hot property
By the time you read this issue, Simon Fox might have been announced as chief executive of ITV. Then again, the HMV chief executive might have decided to stay put. Fox’s phone has been going straight to voicemail this week as one of retail’s quiet men found himself thrust into ...
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OpinionIn celebration of stores’ worker bees
Ubi mel ibi apes is a classical adage for our age. Literally meaning “where there is honey there are bees”, it is a metaphor for the effort that lies behind success and the sweet reward for those who support it.
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GalleryStore of the week: Levi’s Women Paris
In the heart of Parisian denim country, on the Rue Pierre Lescot, is the new Levi’s Women store. Design consultancy Checkland Kindleysides’ creation spreads over two storeys and aims at a more mature customer than the traditional Levi’s-clad teen, according to the designers.
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GalleryPrimark sets sail for new shores
Germany is the latest step on Primark’s path to world domination and, judging by the value-fashion retailer’s debut store in Bremen, its appeal should translate. John Ryan goes to take a closer look
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NewsMonsoon to ditch men’s clothing as it shifts focus
Monsoon is axing menswear to make room for an improved womenswear offer.