More on Me + Em – Page 2842
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NewsCo-op’s local format helps it secure record results
Co-operative Group has said its local format has helped it report record results, with operating profit before significant items up 11 per cent to £393m.
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NewsBRC appeals to Government on regulation and interest rates
New British Retail Consortium chairman Luke Mayhew has highlighted the issue of regulation and business rates to the Government at the BRC annual parliamentary reception in Westminster on Tuesday.
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NewsAsda pushes into games market by hiring experts
Asda has hired 12 games specialists from rival Gamestation and now defunct distributor EUK to ramp up its gaming business.
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NewsWyevale axes carbon neutrality promise
Garden centre chain Wyevale has scrapped plans to become carbon neutral by 2010 after its new management deemed the pledge “unrealistic”.
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NewsFamily packs pay off for Fresh & Easy
Fresh & Easy’s 40- to 45-ounce family-sized prepared meals are now the six top-selling lines in the 110-product range, vindicating the grocer’s strategy of offering larger pack sizes.
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NewsHomeForm trials concessions in Bhs Home stores
HomeForm has opened concessions in four Bhs Home stores as it seeks to reach a wider audience.
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NewsLush launches first of six in-store spas as profits skyrocket 89%
Handmade cosmetics retailer Lush has opened its first in-store spa as it revealed group pre-tax profit soared 89 per cent to £19.4m.
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NewsSainsbury’s celebrates its 140th birthday with new Bag for Life
The grocer is selling a limited edition Bag for Life for £1 to celebrate its 140th birthday this month.
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NewsDSGi secures £311m injection to speed up turnaround plans
DSGi has raised £311m to accelerate its turnaround plans after credit insurance difficulties led to a sharp rise in debt.
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Sun and self-help lift Marks & Spencer trade
Good weather, self-help initiatives and greater market stability may have boosted trading at Marks & Spencer, City brokers believe.
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NewsBroker warns investors not to overlook Mothercare
Mothercare has been overlooked by investors, despite its strong growth prospects, according to Investec analyst Katharine Wynne.
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NewsHome Retail Group divides City
Home Retail Group, owner of Argos and Homebase, met full-year profit expectations but brokers were divided on its merits.
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NewsCity encouraged by general retail outlook
Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.
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NewsClas Ohlson plans 10 UK stores in a year
Swedish hardware chain Clas Ohlson is ramping up its UK expansion plans as it explores its long-term ambitions for Europe.
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NewsTalks reopen for new Nottingham Armani store
Nottingham City Council is prepared to re-enter talks with Armani after it rejected the fashion retailer’s plans to open in the city.
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Retail sales fall 8.2 per cent
Spanish retail sales fell 8.2 per cent in March. It is the second largest fall on record and the 16th consecutive month of decline as unemployment soared and consumer confidence dropped.
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Pre-tax profits at Metro plummet
Pre-tax profits at grocer Metro plummeted almost 50 per cent in its first quarter to e84m (£74.8m). Sales also fell 2.5 per cent to e15.2bn (£13.5bn) in the three months to the end of March.
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Kesko Group's first-quarter sales dip
Kesko Group has recorded first-quarter sales dipped 11.4 per cent year-on-year to E2.02bn (£ 1.96bn). The grocer’s underlying operating profit for the quarter fell by more than 90 per cent to E3.4m (£3m), from E36.6m (£32.6). At its food arm sales rose 4 per cent. However, sales at its home ...
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March consumer spending slides
Consumer spending slid in March, although experts predict recovery is on the way. While consumption rose 0.9 per cent in January and edged up 0.1 per cent in February, it dropped 0.2 per cent in March, on a month-by-month basis. Consumption rose 2.2 per cent over the quarter, on an ...
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Sales tumble for two office supplies retailers
Two office supplies retailers have experienced tumbling sales and profits in their first quarter.Office Depot revealed a net loss of $55m (£36.4m) compared with profits of $69m (£45.7m) last year. Total sales plummeted 19 per cent to $3.2bn (£2.12bn). Like-for-likes in its retail division declined 17 per cent, as consumers ...