All News articles – Page 1164
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NewsVideo: Tesco chief Philip Clarke on the grocer's full-year results
Tesco chief Philip Clarke speaks on the day Tesco reported a profit fall in its full year results.
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NewsJD Sports profits slump 18.3% as Blacks racks up losses
JD Sports Fashion’s pre-tax profit plunged 18.3% to £55.1m in its last financial year as losses from its Blacks acquisition hit the group.
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NewsBurberry like-for-like sales up 7% driven by strong China performance
Burberry like-for-like sales were up 7% in the six months to March 31, driven by strong performances in China and Hong Kong.
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NewsTesco profits down 13% and sales up 1.3% as it confirms US exit
Tesco reported group trading profit down 13% to £3.5bn in its full year to February 23 as chief executive Philip Clarke confirms its US exit.
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Rakuten signs up to MasterCard's new digital wallet service
Japanese ecommerce business Rakuten has signed up to MasterCard’s new digital wallet service,MasterPass, for its US site.Customers will be able to use the service to buy online or via their mobile using stored payment credentials. Those using the service will receive additional promotions to encourage repeat visits.Roger Andelin, president and ...
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Albert Heijn introduces economy private-label line
Dutch grocery retailer Ahold’s domestic Albert Heijn division has introduced an economy private-label line called AH Basic. The retailer is gradually replacing its Euro Shopper own-brand with the new line.According to Ahold, the quality of AH Basic products is more consistent than those in the Euro Shopper range and, as ...
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Hudson's Bay Company pushes ahead with reinvention
Canadian department store group Hudson’s Bay Company is pushing ahead with its reinvention and merchandising plans. The retailer plans to introduce five further Topshop shop-in-shops and, by next year, an outlet of US-based Kleinfeld Bridal salon at its Toronto flagship.“We’re searching around the world for fantastic concepts that we can ...
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ICI Paris XL acquires Dutch competitor Pour Vous
AS Watson’s Belgian perfumery chain ICI Paris XL has acquired Dutch competitor Pour Vous. ICI Paris XL plans to complete the deal within one month and is taking over the brand as well as the store network.The deal follows ICI Paris XL’s acquisition of LVMH’s Dutch Sephora stores.“We intend to ...
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NewsClaire's gears up for European ecommerce launch
Accessories retailer Claire’s is launching its first transactional European website next week as its turnaround gathers pace.
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NewsEurope-wide tests reveal horse meat found in 5% of products
The European Commission has found horse meat in up to 5% of the beef products it has tested as part of a wide-ranging programme.
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NewsMarks & Spencer's 'knicker queen' Janie Schaffer exits
Marks & Spencer director of lingerie and beauty Janie Schaffer has exited the retailer after three months, piling more pressure on its struggling clothing business.
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Video: Tesco head of design on the stores refresh programme
Tesco has refreshed 300 of its stores so far as part of a wide refresh programme.
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NewsNext boss Wolfson receives pay boost but gives share match bonus to staff
Next chief executive Lord Wolfson took home £4.6m in the last year but asked for his entitlement under the retailer’s share matching plan to be shared amongst its staff.
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NewsRetailers offer up staff to support Portas Pilot schemes
Major retailers have pledged their support to the Portas Pilot schemes by offering up representatives to help the town teams involved in the projects.
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NewsUK consumer price inflation holds firm at 2.8% in March
UK consumer price inflation held steady at 2.8% for the second month running in March, according to the Office for National Statistics.
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NewsRetail park vacancy rate rises rapidly following administrations
Empty space on retail parks increased by its fastest rate for four years last year due to casualties in the retail sector, according to new research.
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NewsOnline fashion sales jump 15% in March despite cold snap
Online retail revenue soared 16% year on year last month as fashion etail sales jumped despite the unseasonable weather.
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NewsFootwear retailer Treds plots new store openings
Footwear retailer Treds is targeting new stores in the Midlands, East Anglia and the South East after expanding its existing estate with three new shops.
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NewsFashion retailer Select on the hunt for 200 stores in next five years
Fashion retailer Select has hired property firm Cushman & Wakefield to spearhead a hunt for 200 new stores over the next five years.
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NewsPrivate equity firms eye stake in fashion retailer Joules
A number of private equity firms are eyeing purchasing a stake in fashion retailer Joules, which is poised to report an increase in profits.