More on Me + Em – Page 2783
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News
Vente-privee enjoys a sales increase
Private sales website Vente-privee has enjoyed a sales increase of 40 per cent in the first half of this year. Sales rocketed to £290m for the period as shoppers took advantage of goods with more than 70 per cent off normal retail price.The Paris-based retailer, which launched a UK site ...
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Metro considers alternatives to merger
Metro is considering alternatives to formally merging its Kaufhof department store chain with Karstadt, the department store retailer owned by insolvent group Arcandor.Metro is examining the possibility of renting selected properties directly from owners once Karstadt goes into bankruptcy. A Metro spokesman said the retailer was interested in acquiring the ...
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News
Eldorado’s like-for-like sales slump
Electricals retailer Eldorado’s like-for-like sales slumped 21.7 per cent in the first half of this year.Total sales plummeted 29.4 per cent to RUB39.6bn (£782.1m), compared with the same period last year. The retailer revealed it grew EBITDA to RUB2.7bn (£53.3m) compared with a loss of RUB1.9bn (£37.5m) last year.Eldorado operates ...
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News
Lotte Group to enter Vietnam retail market
South Korean retailer Lotte Group will enter the Vietnam retail market with the opening of a department store in Hanoi in 2013.The group’s fourth international store will be opened by its Lotte Department Store subsidiary, at the 65-storey Hanoi City Complex. The retailer will invest KRW350bn (£171, 375) in the ...
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News
Loblaw to acquire T&T Supermarket
Grocer Loblaw is to acquire Canada’s largest Asian food retailer, T&T Supermarket, comprising 17 stores and four distribution centres.The retailer will add about C$500m (£280.1m) in sales to Loblaw’s business, which is paying C$225m (£126m) for the deal, which is expected to complete before the year end.Like-for-likes at Loblaw rose ...
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News
Best Buy is trials sale of discounted laptops with internet contracts
Electricals giant Best Buy is trialling the sale of discounted laptops with internet contracts, echoing a similar initiative used by joint-venture partner Carphone Warehouse in Europe.Customers at selected stores can buy lower priced laptops if they sign up for two years with a broadband provider. Best Buy chief executive Brian ...
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News
Avon plans job cuts
Mail order and door-to-door beauty specialist Avon is planning to cut 1,200 jobs over the next four years in a major cost-saving drive.The retailer expects to take on a second-quarter charge of about $90m (£54.5m) for its restructuring plan. The overhaul – which includes focusing on streamlining the business and ...
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News
Savola Group to buy all Géant hypermarkets in Saudi Arabia
Saudi-based Savola Group, owner of Panda retail group, has agreed to pay SR440m (£71.1m) to buy all 11 Géant hypermarkets in Saudi Arabia owned by the Fawaz Alhokair Group, a Casino franchisee.The acquisition will enable Panda to increase its share of the Saudi retail market and lift turnover by 13 ...
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News
Bharti Retail to open up to 100 EasyDay stores
Bharti Retail plans to open between 75 and 100 EasyDay stores in 25 cities in northern India by the end of this financial year.The retailer said it will focus on a mixture of small and medium-sized formats in “tier 1 and tier 2” cities.Bharti Retail is also planning to open ...
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News
Costco to invest in New South Wales expansion
Costco – the US-based international chain of membership warehouses selling food, general merchandise and electricals – plans to invest Aus$120m (£59.8m) in expanding into New South Wales, Australia.It will open its first discount warehouse in the region at Auburn in western Sydney. Costco, which may open more stores in the ...
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NewsAmazon takeover to open Zappos up to new markets
E-tailer Zappos has been a household name in the US for some time. The shoe specialist has been on a phenomenal growth path, with sales skyrocketing from $1.6m (£969,820) in 2001 to more than $1bn (£606.1m) last year.
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NewsRazwar.com takes razor blades online
Razors and blades have been synonymous with the marketing strategy that has been used to sell them since King C Gillette started using razor blade handles as a loss-leader to encourage ongoing sales of his disposable razor blades in 1901.
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OpinionCarpetright rules the roost
Lord Harris must be licking his lips. The carpet king has long dominated the sector but the collapse of his nearest rival Allied Carpets is set to consolidate his control of the UK’s floorings market.
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OpinionNo time to be counting chickens
The 11-day rally in the FTSE may have ended on Tuesday, but the record run enjoyed by equities over the preceding fortnight showed investors have real confidence that green shoots are emerging.
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OpinionHappiness is...
Celebrating 40 years of DFS, Lord Kirkham says doing what you love means more than money
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NewsSelfridges to refresh space for collections
Iconic department store Selfridges will reveal a revamped space for its contemporary and denim collections this autumn.
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GalleryStore of the week: Nysa Wine Boutique, Westfield London
The Nysa Wine Boutique is a one-off in the UK, with a single outpost on Westfield London’s fringe as you approach from Shepherd’s Bush tube station.
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GalleryIs it worth occupying a listed building?
Occupying listed buildings can be awkward and costly, but do the frequently impressive results justify the expense? John Ryan reports
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AnalysisHilco: hero or villain?
Profiting from retail misfortune as it does, restructuring specialist Hilco is much maligned. George MacDonald asks if the rancour is deserved
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AnalysisNeed to know... Smartphone applications
As mobile phones evolve, retailers can target consumers in ever more sophisticated ways through smartphone applications