More on Me + Em – Page 2829
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News
Lawson shelves plan to acquire rival
The country’s second largest convenience store chain Lawson has shelved plans to acquire rival am/pm. Lawson said it could not reach an agreement with the US-based competitor.The proposed acquisition would have cost the 9,500-store retailer ¥14.5bn (£97m). As part of the deal, am/pm wanted the majority of its 1,100 stores ...
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News
Gamestop reveals profit hike
Games retailer Gamestop revealed a profit hike of 13.4 per cent to $70.4m (£44.4m) while like-for-likes fell 1.5 per cent in its first quarter to May 2.The world’s largest games specialist said the like-for-like decline was due to “sharper recessionary effects in Europe and a slowdown of new console sales”. ...
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News
Unexpected profit revealed by Sears
Department store group Sears posted an unexpected first-quarter profit after slashing advertising costs and payroll expenses.The retailer also extended a credit agreement to increase the amount available to $4.1bn (£2.6bn) until March 24, 2010, and $2.4bn (£1.5bn) from March 25, 2010, to June 2012.Net income in the three months to ...
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News
Target experiences profit fall
General merchandise retailer Target experienced a profit fall from $602m to $522m (£379.4m to £329m) in the first quarter to May 2.Like-for-like sales in its retail arm deteriorated 3.2 per cent while total sales rose 0.4 per cent to $14.4bn (£9.08bn). It is the fifth consecutive quarter that Target’s sales ...
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News
Woolworths expects profit rise
Food and general merchandise retailer Woolworths expects a 20 per cent rise in full-year profits on the back of the sale of its stake in Woolworths Financials Services.The said its profit growth was aided by the R380m (£28.9m) it made from the sale of its stake. Woolworths is bucking the ...
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NewsGoogle Product Search will allow price checking using mobile phones
A future where customers browse for products in stores while at the same time browsing the internet on their mobile phones looking for better deals just got a little bit closer to reality.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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OpinionDeliver the Essentials
Cutting prices needn’t compromise quality, as Waitrose’s new range shows, says Mark Price
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OpinionUnemployment will hold back recovery
Unemployment and housing are factors that could prolong the recession, says Richard Hyman
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Opinion
Retailers have moved beyond shock and onto practicalities
Sir Stuart Rose said last month that “people are fed up with being fed up”. It seemed to reflect what many were thinking, says Ian McGarrigle
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GalleryStore of the week: Louis Vuitton Westfield London
This is Louis Vuitton in Westfield, London, last week the scene of an opening event that featured an urban garden, created by artist Jeremy Deller. Quite what the collection of plants – contained within black plastic bin bags and resting on a straw-strewn floor – had to do with the ...
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GalleryJessops has high hopes for its new-look London store
VIDEO: Jessops is hoping its refurbished central London flagship will provide a stimulus for wider change at the chain.
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NewsReiss hires former Selfridges buyer in luxury drive
Reiss has hired a former head of buying designer brands for Selfridges as part of its drive to be the only “luxury” high street brand.
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AnalysisStephen Marks has what it takes for French Connection
French Connection has had a tough time recently, but Stephen Marks has the drive to move the business on again, says George MacDonald
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News
Foreign retailers welcome new Indian government
Last week India’s new government, with Manmohan Singh as prime minister, was sworn in in Delhi. Singh and the Congress Party won a decisive mandate with his pledge to tackle the impact of the global economic crisis and by ensuring growth for the country.
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AnalysisMothercare: Making child’s play of growth in a recession
Ben Gordon has revitalised Mothercare with better products, a strong online presence and a focused overseas strategy. Lisa Berwin reports
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AnalysisONS Retail Sales Index
The Office for National Statistics has admitted its Retail Sales Index may have overstated sales figures. So how has it re-evaluated its methodology and will this ensure more accurate results?
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Analysis
How retailers can go for gold in 2012
It might be three years away and the excitement has yet to get going, but the London Olympics will be a goldmine for retailers. Charlotte Hardie explains why they need to think about it now.
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Analysis
Hello sunshine: tourist town retailers should make the most of more UK holidays
The weak pound is forcing many Brits to scrap trips abroad while attracting more tourists to the UK, and retailers in the right towns can take full advantage this summer, says Ben Cooper
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Analysis
The foreign office: why retailers should support staff working abroad
Business trips abroad, often to emerging markets, can be daunting and stressful for staff who do not have the right support. Joanna Perry explains why retailers must consider their duty of care