More on Me + Em – Page 2792
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News
Department stores' sales suffer in June
Department stores have revealed lacklustre sales in June.Neiman Marcus reported total sales fell 19.4 per cent during the five-week period. Sales declined to $323m from $401m (£200.7m from £249.1m) the year before. Like-for-like sales at the group, which also includes Bergdorf Goodman, fell 21 per cent.Macy’s posted a 9 per ...
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News
Promotion planned for Metro chief financial officer
Metro plans to promote its chief financial officer Thomas Unger to the role of deputy chief executive early next year, according to local reports.Unger will be tasked with overseeing Metro’s restructuring programme “Shape 2012”, which will result in 15,000 job losses and aims to increase profits by €1.5bn (£1.3bn).He will ...
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News
Reliance Retail Digital to expand and launch private-label electricals
Reliance Retail Digital is to open a further 21 outlets this financial year and plans to launch private-label electrical products within months.The retailer has 14 stores at present, in cities including Mumbai, Jalandhar, Bangalore and Chennai.Reliance Retail Digital president and chief executive Ajay Baijal said that although there are risks, ...
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Rakuten chases overseas sales
Rakuten, Japan’s largest e-tail site, is chasing overseas sales as revenue from international shoppers grows at 19.7 per cent a month.Rakuten president Hiroshi Mikitani expects international sales to hit $1m (£621,300) a day by the end of the year. The e-tailer was founded in 1997 and has 47 million members ...
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News
Best Denki reveals widening net loss
Electricals retailer Best Denki revealed a widening net loss of ¥1.98bn (£13.4m) in the three months to May 31, compared with a net loss of ¥168m (£1.1m) in the same period last year. Net sales fell 5.8 per cent to ¥79.4bn (£535.8m).Founded in 1953, the retailer sells discount electricals and ...
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NewsIkea cost cutting prepares it for renewed success
Ikea has made an unprecedented number of job cuts as it faces declining sales for the first time in its 65-year history. However, industry observers do not believe the world’s largest furniture retailer is on the wane.
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NewsChimpogo.com combines social media and e-commerce
Showing perfectly how social media and e-commerce can be merged, Chimpogo allows visitors to its site to create a design or illustration for a t-shirt. Shoppers submit their design alongside some information on the story behind it, and other visitors to the site can then blog about it and rate ...
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OpinionTables could turn in grocery
Auctioning off a 25lb pork pie could only have happened at a Marks & Spencer AGM, and it could only have been fronted by the showman himself Sir Stuart Rose.
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OpinionShops are 21st century tourist attractions
Governments and nations seem to think it is totemic to have their own airline. This attitude has slowed down the natural process of consolidation in what remains a very challenged industry.
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OpinionE-tail’s debt to the old retail greats
The principles of pioneers such as Gordon Selfridge are as relevant as ever in modern retailing
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GalleryStore of the week: Hermès, Sloane Street
Hermès is a brand and a very expensive one. It also happens to be French. Just three reasons why it probably wouldn’t feature as a store of the week in the normal run of things.
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GalleryBluewater: still making a splash a decade on
The Kent mall celebrated its 10th birthday this year, but age hasn’t dulled its offer. John Ryan reports
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NewsPrimark becomes more open as Arthur Ryan prepares to step down
Change is afoot at value fashion giant Primark as it emerged that retail veteran Arthur Ryan is to step down from the running of the business.
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NewsSpeciality Retail Group boss exits after cost-cutting merger
Speciality Retail Group managing director Nick Keyte has left the business, following the completion of its merger with stablemate BMB Group.
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News
Gap to launch in Thailand next spring
Gap will launch in Thailand next spring after signing a franchise agreement with Armin Systems. Gap also said that comparable store sales in June were down 10 per cent, while total sales fell 9 per cent to Story text.29bn.Store sales for Banana Republic in North America fell the most on ...
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AnalysisIs a wave of retail floats imminent?
The prospect of retail IPOs is rising, but the shaky economy and recent cash calls could make talk of floats so much hot air. By George MacDonald
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AnalysisThe many faces of Mike Ashley
The Sports Direct founder’s accusations of impropriety at JJB sparked a furore, but it’s all just part of the game for the kingpin who issued results this week, says Lisa Berwin
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AnalysisMichael Sharp outlines his vision for Debenhams
Debenhams deputy chief Michael Sharp might keep a low profile – he hasn’t given an interview in three decades – but behind the quiet exterior is a highly driven man. Amy Shields meets him
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AnalysisThe next generation of e-tail
No retailer can afford to be without a website these days, but what are the must-haves and what are the costly fripperies that won’t improve your bottom line? Joanna Perry explains today’s essentials
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AnalysisMaking service charges live up to their name
If centre landlords are to consider cutting service charges for struggling retailers the remaining funds need to be used more wisely to drive footfall, says John Ryan