More on Me + Em – Page 2819
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NewsStrong Morrisons update met with caution
Morrisons has unveiled robust trading in its first quarter, with “sales growth well ahead of the market”, it claimed.
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NewsWHSmith ‘good value’ after positive quarter
Bookseller and stationer WHSmith has revealed better than expected third-quarter sales.
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Signet sales slip but still rated a buy
Global sales at retail jeweller Signet fell 7.3 per cent to $762.6m (£472.9m) in the 13 weeks to May 2, with same-store sales down 2.9 per cent.
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NewsSales dip but second half stability beckons
Although BRC sales data for May revealed a 0.8 per cent dip in like-for-likes, brokers took comfort in the fact that the fall was not worse and at the prospect of easier comparisons later in the year.
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NewsComet customers to share product queries online
Comet will let customers ask and answer each other’s questions about products using a service it is to add to its website.
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Tommy Hilfiger sales soar
Sales at fashion brand and retailer Tommy Hilfiger – headquartered in Amsterdam – soared 21 per cent to €1.6bn (£1.4bn) in the year to March 31. Retail sales jumped 29 per cent, while wholesaling sales rose 16 per cent.During the year a further 100 standalone stores opened globally, bringing its ...
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Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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Dm Drogerie Markt to double its Czech Republic stores
German pharmaceuticals chain Dm Drogerie Markt wants to double the 155 stores it has in the Czech Republic. The retailer’s founder and co-owner Götz Werner said he plans to open 20 stores this year. The Czech Republic arm is owned by Dm Austria, which oversees expansion outside Germany.The move follows ...
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X5 moots expansion into Ukraine
X5, the largest grocer in Russia, is considering expanding in Ukraine.Group chief executive Lev Khasis said X5 is looking at a “big” merger, which would lead to the issue of new shares. He said the initiative in the country is a “theoretical opportunity” and the retailer has not made any ...
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Same-store sales in US decline
Same-store sales declined 4.6 per cent in the US in May, according to a report from Goldman Sachs and the International Council of Shopping Centers. The results were worse than a forecast 3 per cent drop.Among a slew of disappointing like-for-likes, department store group Nordstrom reported a fall of more ...
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Comercial Mexicana considers debt for equity swap
Mexican supermarket group Comercial Mexicana is considering a debt for equity swap as part of discussions with its creditors. In October the retailer defaulted on its debt after being hit hard in the global downturn.Comercial Mexicana has been attempting to strike a deal without selling key assets or giving up ...
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Media Markt plans more stores in Turkey
Media Markt, the consumer electronics group owned by German retailer Metro Group, plans to open a further seven stores in Turkey by the end of this year.The move is part of Media Markt’s strategy to become the leader in the Turkish market by 2010. The retailer has opened nine stores ...
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Vishal Retail opens hypermarket in Gondia
Indian retailer Vishal Retail has opened its first hypermarket in the country, in Gondia, western India.The large format store covers more than 10,765 sq ft, selling various brands. The retailer plans to open a second hypermarket in Jalandhar, Punjab this month.Separately, a fire broke out at Vishal Retail’s 300,000 sq ...
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Aggressive Ackman falls flat after failed Target coup
The latest boardroom battle that William Ackman, head of US hedge fund Pershing Square Capital Management, has waged has ended in tears – literally, according to US reports.
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NewsStartriteshoes.com boosts sales and benefits retail partners
Classic brand Start-rite Shoes has built incremental sales with a transactional website that also gives its retail partners access to multichannel services.
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OpinionTesco still a dab hand
After Morrisons’ first-quarter update last week, Tesco and Sainsbury’s post their numbers on Tuesday and Wednesday respectively and they should make for compelling reading.
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OpinionAn ode to old-fashioned values
The UK has lost sight of the standards that underpin good service, says Lord Kirkham
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OpinionThe politics of good leadership
Leadership has been much in the news recently. Poor Gordon Brown certainly lacks it, as apparently do all our political figures at the moment.
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NewsNokia rethinks Regent Street flagship design
Nokia is expected to begin work imminently on remodelling its flagship store on Regent Street, less than 18 months after its high-profile opening.
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GalleryStore of the week: Few and Far, Knightsbridge
Few and Far is a contemporary update on what in days gone by would have been referred to as an emporium – a purveyor of products with a whiff of the exotic about them.