All News articles – Page 1152
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News
Parkson appoints Toh Peng Koon as chief executive
Parkson has appointed Toh Peng Koon as chief executive of its Singapore-listed subsidiary Parkson Retail Asia.Toh, who has been with the group for 25 years, will oversee expansion of its South Asian operations.The company said Toh was instrumental in the growth of the retail business in Malaysia and would play ...
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News
CP All reports first-quarter revenue increase
CP All has reported first-quarter revenue of Bt52.9bn (£1.16bn), up 18.4% as a result of 7-Eleven store expansion in Thailand, growth in average same-store sales and an increase in other operating income.During the quarter 219 new 7-Eleven convenience stores were opened, passing the milestone of 7,000 stores in Thailand at ...
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NewsAlliance Boots prepares for overseas etail drive
Health and beauty retailer Alliance Boots is to kick-start online overseas expansion as part of plans to make Boots a global brand.
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NewsTopshop owner Arcadia signs up to Bangladesh safety Accord
Topshop owner Arcadia has signed up to the Accord on Fire and Building Safety in Bangladesh joining a raft of retailers which have pledged their support to the new code.
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NewsGovernment rules out visa change but vows to steamline process for Chinese shoppers
Immigration minister Mark Harper MP has struck a blow to the retail sector by ruling out adopting the same visa as Europe which would make it easier for lucrative Chinese shoppers to come to the UK.
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NewsJohn Lewis to open new store in Oxford by 2017
The department store has unveiled plans to open a new three storey store in Oxford in 2017.
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NewsLand Securities to roll out digital elements of Trinity Leeds as footfall hits 4 million
Land Securities is to roll out the digital elements trialled at its new Trinity Leeds scheme to the rest of its centres as it revealed it has attracted around 4 million shoppers to the development since opening in March.
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NewsBangladesh fire and building safety Accord published as 25 retailers sign up
The Accord on Fire and Building Safety in Bangladesh has been published as 25 major retailers including John Lewis, New Look, Next and Sainsbury’s sign up.
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NewsBoots full year profits soar despite sales fall
Alliance Boots has reported a 6.1% increase in trading profit to £1.27bn despite a 2.6% fall in revenue to £22.4bn during what executive chairman Stefano Pessina dubbed a “transformational year”.
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NewsWalmart opts for own Bangladesh safety standards over industry-wide code
The world’s largest retailer Walmart has declined to sign the IndustriAll safety agreement, instead opting for its own standards which it claims go further and will produce faster results.
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NewsFrench Connection like-for-likes improve in first 15 weeks of year
Trading at French Connection’s difficult UK and Europe retail business has improved as the retailer recorded flat like-for-like sales in the 15-weeks to May 11, 2013.
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NewsAll Saints branches out with new film production company
Fashion retailer All Saints is launching a film production company to “capture the spirit of the All Saints DNA”.
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NewsMarks & Spencer puts quality and style centre stage as crucial autumn collection unveiled
Marks & Spencer has set out its stall to regain the initiative in fashion retail with the unveiling of an autumn/winter range designed to reassert its reputation for quality and style.
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News
Rakuten records net revenue increase
Rakuten recorded a 15.3% increase in net revenue to ¥68.67bn (£439.2m) for its first quarter ended March 31.Net profit at the Japanese ecommerce group rose 6.8% to ¥15.73bn (£100.6m).Results were driven by a 14.5% increase in general merchandise sales at Rakuten Ichiba in Japan and 29.6% growth from Rakuten’s international ...
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News
Metro Group to invest funds into struggling home market
Metro Group is considering an exit from Bulgaria, Egypt, Japan and Kazakhstan, it was reported in Germany. The retailer is believed to be selling in order to invest funds into its struggling home market. Metro hopes to accelerate the pace of transformation in Germany. Further changes are planned among top ...
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NewsSainsbury's launches video-on-demand as part of plans to ramp up digital
Sainsbury’s has this week launched a video-on-demand service as part of wider plans to ramp up its digital business.
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News
Casino opens Franprix supermarket
Casino has opened a Franprix supermarket in a motorway service station, adjacent to an Esso petrol station. The store is on the A11 motorway in northern Chartres, southwest of Paris.The retailer is increasingly targeting the travel retail market with fascias such as Petit Casino, Vival and Monoprix opening in similar ...
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News
Foot Locker to acquire German athletic retailer Runners Point
Foot Locker is to acquire German athletic retailer Runners Point for e72m (£60.8m).Runners Point operates Sidestep and eponymous stores, as well as online subsidiary Tredex.The deal is subject to review by German competition authorities.Its stores are predominantly in Germany, although the retailer also has outlets in the Netherlands, Austria and ...
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NewsPortas fails to visit four untelevised pilot towns
High street expert Mary Portas has failed to visit four of the town centres chosen for the Portas Pilots, all of which did not feature on her television programme.
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NewsPoundland hits back at rivals as it cuts prices to 97p
Poundland has initiated an audacious price-war by charging shoppers just 97p in locations where arch rivals including 99p Stores have opened up.