More on Me + Em – Page 2796
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NewsN Brown thrives as online sales jump 25%
Home shopping specialist N Brown has enjoyed a strong start to its financial year with continued growth across its brands.
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NewsCity salutes Carphone’s deal for Vodafone return
Carphone Warehouse has celebrated the return of Vodafone three years after the operator withdrew its mobile phone contract offer in favour of an exclusive deal with rival Phones 4U.
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NewsJJB outlines turnaround options
Weekend newspaper reports forced JJB to issue a statement confirming it might raise more cash through a share placing and open offer.
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NewsLoan row takes a bite out of JJB’s value
Tragedy turned to farce at JJB Sports. The troubled retailer became embroiled in controversy when it emerged that executive chairman Sir David Jones had taken a loan from arch-rival Mike Ashley, founder of Sports Direct.
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NewsBrightHouse bolsters IT but trims openings
BrightHouse has curtailed its store opening plans as it ploughs money into transforming its IT infrastructure.
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NewsSpar ads to revitalise own-label
Symbol group Spar UK has launched a £5m ad campaign to support the relaunch of its own-label range.
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NewsRetail demand for primary space on road to recovery
Retailer demand for property is showing signs of recovery, according to agent Cushman & Wakefield.
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NewsSocial site teams with aggregators to push products
Website iVillage.co.uk, an information network that targets women, has partnered with shopping aggregator sites Mydeco.com and ShopStyle.co.uk to integrate products within its content pages.
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NewsArgento stakes out bold store expansion plan
Jeweller Argento is on the brink of an aggressive store expansion programme with plans to double its portfolio within a year.
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Luxury goods market falls globally
The luxury goods market is expected to fall 6 per cent globally to €211bn (£130.8bn) this year as the sector heads for one of its toughest ever years.According to a report by Verdict some of the luxury sector’s key markets, including US and Japan – both of which are experiencing ...
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Escada to consider state aid request to secure growth
Luxury fashion house Escada will consider requesting state aid to secure its long-term growth if it is successful in securing refinancing to avoid insolvency.The beleaguered group, a favourite of celebrities such as Demi Moore and Katie Holmes, is asking investors to forego more than half of their investments in a ...
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Magnit plans secondary share offering in London and Moscow
Grocer Magnit is planning a secondary share offering this autumn in London and Moscow as it aims to raise more than $300m (£186m). Magnit wants to sell up to 10 per cent of its shares on the London Stock Exchange and Moscow’s MICEX and RTS.Morgan Stanley and Russia’s VTB Capital ...
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Amazon could face £73.8m tax bill in Japan
E-tail giant Amazon could face a $119m (£73.8m) tax bill in Japan for unreported income over a three-year period.Local reports said that Japan’s tax bureau judged that because part of Amazon’s operations are Japan-based, an income report of tens of billions of yen should have been submitted and therefore would ...
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Kmart launches money-off initiative for the unemployed
Kmart has launched a money-off initiative for the unemployed in its original home state of Michigan.The general merchandiser’s Smart Assist Savings Scheme entitles the jobless to discounts of 20 per cent on own-label basics such as baby products, groceries and toilet roll.Shoppers registered as unemployed are entitled to discount cards ...
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Arcandor receives interest in its mail order division
Insolvent retail and tourism group Arcandor has received interest in its mail order division Quelle, according to its administrator.Joerg Nerlich, who is part of the insolvency administration for Arcandor, said that measures would be taken to restructure the unit, including potential job cuts.Quelle secured a E50m (£43.1m) rescue aid loan ...
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Celesio’s acquisition of a majority stake in Pharmexx has been approved
The European Commission’s antitrust panel has approved German pharmacy giant Celesio’s acquisition of a majority stake in Pharmexx.Celesio revealed in March its intentions to increase its shareholding in the company from 30 per cent to 65 per cent. Pharmexx provides marketing and sales solutions to pharmaceutical and biotech companies.The deal ...
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Eurozone retail sales decline further than expected
Eurozone retail sales declined further than expected in May, dropping 0.4 per cent month-on-month, worse than the 0.1 per cent fall that was expected.In the 16-country currency area, the European Union statistics office said sales decreased 3.3 per cent year-on-year, compared with the 2.7 per cent fall anticipated.Sales of non-food ...
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Seven & I reports a 28 per cent slump in profits
The country’s largest retailer Seven & I reported a 28 per cent slump in profits to ¥23.7bn (£146.9m) in the three months to the end of May as the country feels the full force of the recession.Sales at the retailer, which operates the 7-Eleven convenience store chain, Ito-Yokado supermarkets fascia ...
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsMysears.com: Sears adopts OpenID platform
US retail giant Sears has adopted the OpenID platform to more closely connect the social networking sites it runs for its Sears and Kmart chains with sites such as Facebook, Twitter and MySpace.