All News articles – Page 1155
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NewsMarks and Spencer appoints Next director Jo Jenkins to replace 'Knicker Queen'
Marks and Spencer has appointed Next director Jo Jenkins to the critical role of director of lingerie and beauty, replacing ‘Knicker Queen’ Janie Schaffer who quit the retailer last month.
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NewsBooker to launch new fascia to rival discounters
Wholesaler Booker is launching a new discount fascia in a bid to rival the likes of Aldi, Lidl and Poundworld.
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NewsSainsbury's invests in digital initiatives as it drives omnichannel strategy
Sainsbury’s is to step up its investment in digital initiatives as it seeks to position the business for an omnichannel future.
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NewsTesco trials new model driven by shopper buying power
Tesco is trialing an innovative consumer buying model which will allow its shoppers to use social media to bring down the price of products.
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NewsLush delivers record pre-tax profit of £26m
Lush’s group pre-tax profits jumped 22.5% to £26.1m in the year to June 30, 2012, and it has begun an in-store spa development drive in the UK.
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NewsJack Wills overhauls its management team to prepare for growth
Fashion retailer Jack Wills is overhauling its top team with the appointment of five new directors to prepare the retailer for growth.
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NewsDavid Adams appointed acting executive chairman at Musto as boss steps back
Former Jessops chairman David Adams has taken the role of acting executive chairman at specialist sportswear retailer Musto.
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NewsApril like-for-likes hit by early timing of Easter
April retail like-for-likes fell 2.2% against a 3.3% decline in the same month last year, as the early timing of Easter hit sales.
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NewsWhite Stuff hires former TK Maxx director as marketing boss
Quirky fashion retailer White Stuff has hired Julian Baker from STA Travel as its new marketing director.
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NewsMorrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
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NewsFrench Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
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NewsNext sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
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NewsSainsbury's pre-tax profits dip while sales increase 4.3%
Sainsbury’s has reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while total sales excluding petrol were up 4.3%.
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Edeka to invest in store modernisation
Co-operative retail group Edeka aims to invest E1.6bn (£1.35bn) in the modernisation and extension of its store network and retail infrastructure, said chief executive Markus Mosa. The investment is a 10% increase on 2012.In 2012 Edeka posted sales of E44.8bn (£37.73bn), up 3.8% on the previous year. Its net income ...
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Loblaws reports consolidated revenue increase
Loblaws, the country’s largest retailer, reported a 3.8% rise in consolidated revenue to C$7.2bn (£4.58bn) for the first quarter ended March 23. The retailer’s net profit rose 40.2% to C$171m (£108.7m). Overall retail sales rose 3.4% while like-for-likes increased 2.8%.Executive chairman Galen Weston said: “Greater assortment and an improved in-store ...
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Carrefour and Sabançi Holding to review joint venture
French retailer Carrefour and Turkish partner Sabançi Holding are to reorganise the governance of their joint venture.Sabançi, which was the minority shareholder, has increased its share capital in CarrefourSA by an additional 12% to 50.8%. Carrefour’s stake is 46.2%.
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Amazon plans distribution hub in Czech Republic
The US-based online giant has chosen the location over Poland because of the country’s modest wages and central European location, according to sources.The 1.1 million sq ft facility is expected to become operational this autumn.
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Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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NewsJustin King and Mark Price head strong Oxford Summer School line-up
Sainsbury’s chief executive Justin King and Waitrose managing director Mark Price are among an illustrious line-up set to speak at the Oxford Summer School.
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NewsB&Q Ireland exits examinership as Kingfisher invests €2.4m
Kingfisher subsidiary B&Q Ireland has exited examinership after four months as its investment plan for the business was approved today.