More on Me + Em – Page 2824
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NewsBrand Alley to extend reach with offer rethink
E-tailer Brand Alley’s new chief executive Rob Feldmann has set out plans to change the year-old private sale site to appeal to more customers.
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NewsOnline jeweller Astley Clarke plans relaunch
Luxury online jeweller Astley Clarke is to relaunch its website this autumn as part of its plan to become the world’s leading online jewellery boutique.
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NewsDeadline for Retail Interiors Awards draws near
For those contemplating entering this year’s Retail Interiors Awards, due to take place at the Hilton Park Lane on September 29, time is fast running out.
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News
Fnac to launch second-hand selling section on website
Electricals giant Fnac is to sell second-hand products from a new section of its website. According to reports, the retailer expects the new channel to account for 15 per cent of all online sales within the next 18 months.Fnac, which is owned by PPR, will offer up to 2 million ...
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News
Future of Arcandor remains unclear
The future of Karstadt owner Arcandor remains unclear after rival group Metro proposed that it acquire and merge Karstadt’s stores with its own Kaufhof fascia.But Arcandor chief executive Karl-Gerhard Eick remains confident of a state-backed solution after lobbying for a €650m (£564m) loan. Arcandor argues that Metro’s idea could cost ...
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Praktiker chief exec expects German economy to pick up soon
Wolfgang Werner, chief executive of DIY chain Praktiker, has called the bottom of the market in Germany and said he expects the economy there to be picking up soon. Werner said sales had “distinctly stabilised” over April and May, meaning it has “largely” compensated for the sales decline in the ...
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Profits at Office Depot’s North American retail division decline
Operating profits at Office Depot’s North American retail division declined from $82m (£50m) to $81m ($49.4m) in the first quarter to March 28. Like-for-likes plummeted 17 per cent while total sales slumped 16 per cent to $1.4bn (£854.4m).The company, which includes a business solutions arm, reported a net loss of ...
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News
Toys R Us acquires the FAO Schwarz toy stores
The world’s largest toy specialist Toys R Us has acquired the FAO Schwarz toy stores for an undisclosed sum.FAO Schwarz, which first opened in 1862, describes itself as the oldest toy retailer in the US. Toys R Us will operate all three FAO Schwarz stores – two in New York ...
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Grupo Cortefiel appoints new chief executive
Fashion retailer Grupo Cortefiel has appointed Juan Carlos Escribano García-Bosque as its new chief executive.He replaces former chief Anselm Van den Auwelant, who will now take on a new role as non-executive president of the group.Van den Auwelant has driven the mid-market fashion group through an intense international expansion period ...
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Lidl seeks sites in Romania
Discount chain Lidl is looking for store sites as it prepares to enter the Romanian market, according to local media.The German group wants plots ranging from between 43,000 and 86,000 sq ft in towns with 30,000 inhabitants or more. Lidl plans to open stores in Galati, Bistrita-Nasaud, Lasi, Medias and ...
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News
Shoprite and Pick ’n Pay welcome investigation
Africa’s two largest retailers – Shoprite and Pick ’n Pay – have said they have nothing to hide about their supplier relationships and would welcome an investigation by the Competition Commission.The National Agriculture Marketing Council is expected to recommend an investigation into retailers’ “dominating” role with South Africa’s food producers.Shoprite ...
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Jysk ramps up expansion plans for China
Danish furniture giant Jysk has ramped up its expansion plans for China, with plans for up to 10 stores next year – an increase on the four it had initially slated.The move will see it take on Ikea in the country, which aims to have nine stores in China by ...
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OpinionThe mountain facing Blacks
Blacks Leisure chief executive Neil Gillis, like his customers, has a mountain to climb.
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OpinionRed tape has gone too far
Heavy-handed legislation on selling alcohol asks retailers to police drinking, says Iceland chief executive Malcolm Walker
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Opinion
Gearing up for green shoots
As someone old enough to have endured the last recession, I recall that consumption GDP and the retail sector recovered relatively quickly – it took a modest three years for consumption to reach its pre-recession peak after the 1990s slump.
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Opinion
Retail Surgery: The risks of stock reduction
There is pressure from finance to reduce stock and this has put us behind on our normal ordering. How risky is this and what should I be doing?
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NewsNew Look to revamp all shops as it steams into new markets
New Look is to revamp all of its stores after a successful trial, and move into new markets including Ukraine, Poland and Singapore.
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NewsMarks & Spencer Westfield London makeover as big-ticket sales struggle
Marks & Spencer is expected to begin a realignment of its Westfield London store, reflecting the challenges retailers have had selling furniture and groceries in the centre.
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GalleryStore of the week: French Connection, Oxford Street
Sometimes the simplest things are best. This is French Connection in the middle of Oxford Street – a store that seems to have been there for as long as you might care to remember. Which is probably why there has been something of a tendency to treat it as an ...
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GalleryQuirky Monki magic brightens up Denmark
Now wacky Swedish fashion retailer Monki is part owned by H&M, its expansion is imminent. John Ryan visits its debut Denmark stores