More on Me + Em – Page 2833
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NewsEx-WHSmith man to run British Bookshops & Stationers
British Bookshops & Stationers’ new owners have drafted in former WHSmith director John Simpson to return the business to profitability.
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Cash Generator to expand in Scotland
Second-hand retailer and pawnbroker Cash Generator is to double its portfolio of shops in Scotland as it seeks to up its nationwide presence.
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NewsCautious brokers upgrade Kingfisher on Q1 prospects
Brokers have increased profit forecasts for DIY giant Kingfisher in expectation of a good first quarter but remain cautious about longer- term prospects.
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Burberry optimistic despite profits slump
Shoppers are still splashing out on Burberry products, the luxury group maintained, despite its recent profits fall.The retailer, which suffered a 12.5 per cent drop in pre-tax profits to £175m for the year to March 31, described the past year as the “most challenging” that the luxury sector has faced. ...
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Hefty restructuring and poor trading hits Kesa
International electricals group Kesa will book restructuring charges of £9m and e10m (£8.8m) respectively at UK arm Comet and Spanish division Menaje Del Hogar.
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DSGi cuts loose Hungary operation
DSGi has sold its nine Electro World stores in Hungary for e1. All operations and staff will transfer to new owner EW Electro Retail, which is backed by a consortium of investors.
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NewsMarks & Spencer’s profit plunge triggers shares slide
General retailers were down over the week as Marks & Spencer posted a profits fall and investors took profits. Marks & Spencer’s lower profits were expected but some analysts were disappointed with what Pali International analyst Nick Bubb called an “underwhelming” accompanying statement.
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NewsHeal’s drives e-tail sales after site relaunch
Upmarket furniture retailer Heal’s expects its website to account for up to 16 per cent of its sales after relaunching the site.
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EBay clinches legal victory over L'Oréal
EBay has claimed victory in a Paris court case brought against it by cosmetics giant L’Oréal over counterfeit perfumes on eBay’s website. The court ruled in favour of the internet auction site and said that it was not liable for the fake products and had met its obligations to combat ...
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Belgian Delhaize to buy final stake in Greek Alfa-Beta
Belgian supermarket group Delhaize is to buy the outstanding 34.7 per cent stake in its Greek subsidiary Alfa-Beta.Delhaize said it would offer E30.50 (£26.88) a share. It became the principal shareholder of Greece’s second-largest food retailer in 1992.Delhaize chief executive Pierre-Olivier Beckers said he intends to operate Alfa-Beta with “no ...
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Supermarket chain Gimenes to be split between Carrefour and Associação Ricoy
Brazil Carrefour and local operator Associação Ricoy, comprising seven local grocers, will split supermarket chain Gimenes between them in a deal worth BRL60m (£18.9m), according to Gimenes’ creditors.Gimenes filed for Chapter 11 bankruptcy in December. 10 of its 23 units in São Paulo will go to Carrefour for BRL45m (£14.1m), ...
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Metro seeks government intervention for rival's state support request
Metro has called on the German government to reject a request by its rival Arcandor for state support as it seeks to acquire the latter’s department store chain, Karstadt.Metro chief executive Eckhard Cordes wrote to the government outlining a “commercial solution” that would not need state intervention. Cordes has denied ...
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Retail sales in New Zealand and Singapore fall by record amounts
Retail sales in New Zealand and Singapore have fallen by record amounts, while consumer confidence among Japanese shoppers has risen. Retail sales in New Zealand in the first quarter fell by a seasonally adjusted 1.2 per cent year on year, as consumers face rising unemployment. Retail sales in Singapore fell ...
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NewsIkea exercises caution as furniture market toughens
Ikea group president and chief executive Anders Dahlvig has offered some words of warning for retailers in the Western world.
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NewsPrinci is the new heart of Soho while Game fails to wow
Howard Saunders, creative director, Echochamber, explains his choices for ‘Good shop, bad shop’
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NewsColouredrocks.com clocks up 132,000 plays of viral game to promote site
Online jeweller Colouredrocks.com has reported 132,000 plays of a viral game it launched to promote its site earlier this month. The game, created by digital marketing agency TAMBA, is the second viral game the retailer has launched to help it achieve its plan for sales of £6m this year.
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OpinionShould UK retailers stay home?
DSGi’s offloading of its Hungarian Electro World business for the princely sum of €1 makes business sense, even if it is another setback to the retailer’s international ambitions.
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OpinionKnow your customer
Kerry Katona may have had her problems, but she’s still right for Iceland, says Malcolm Walker
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OpinionIt’s worth playing the long game
Celebrating anniversaries underline to consumers that they are dealing with a company of substance, says Paul Smiddy
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GalleryStore of the week: Nike Covent Garden
It’s close to a year since Nike unveiled the glass cube that appeared to be suspended between floors in its Oxford Circus flagship and wowed all who visited. This store, in the heart of Covent Garden, is a more recent addition to the US sportswear giant’s portfolio.