All News articles – Page 1170
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News
Central Retail Corporation buys Copenhagen department store
Thailand-based multi-format operator Central Retail Corporation has entered Denmark by acquiring Illum, a famous Copenhagen department store.The company plans to invest THB2bn (£45m) to renovate the store over the next four years. Central Retail chief executive Tos Chirathivat said the renovation would help Illum boost its income from THB5bn (£112.6m) ...
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News
Drugstore operator CVS launches iPad app
Drugstore operator CVS has launched an iPad app that enables customers to explore a virtual 3D CVS/Pharmacy store and shop from their tablet. The app is the first of its kind and incorporates an interactive interface using gesture-based movements.Brian Tilzer, senior vice-president and chief digital officer of CVS/Pharmacy, said: “Our ...
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Ahold completes sale of ICA stake
Grocer Ahold has completed the sale of its stake in Scandinavian retailer ICA to Hakon Invest of Sweden.Ahold held 60% in grocer ICA and jointly shared a controlling interest with Hakon Invest.In February, the latter agreed to buy Ahold’s stake for SEK21.2bn (£2.14bn) in cash.
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French retailer Auchan gets green light for Real hypermarkets acquisition
French retailer Auchan has been given the green light for its acquisition of Metro Group’s Real hypermarkets in Ukraine, along with its property division.Metro Group only has two Real stores in Ukraine, one in Kiev and the other in Odessa.
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NewsVision Express delivers 6% jump in operating profit
Vision Express recorded a 6% jump in operating profit to £16.4m last year as it focused on giving customers value for money.
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NewsEtailer Missguided launches overseas as it aims to double sales this year
Fashion etailer Missguided is pushing the button on its overseas expansion as it looks to double its turnover this year.
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NewsThe Co-operative Food invests £6.5m in handheld devices
The Co-operative Food has invested £6.5m in rolling out wireless handheld devices which will allow the grocer to reduce queueing time at the tills.
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NewsAlliance Boots to cut 200 jobs at Nottingham manufacturing base
Alliance Boots will cut 200 jobs over the next two years at its manufacturing site in Nottingham so it can invest in better technology.
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NewsEaster sales at garden centres 'well down' as cold weather continues to bite
Sales at garden centres were “well below what was expected” over the critical Easter weekend as the cold weather continued to bite.
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NewsTesco sales slow in Ireland as Superquinn performs strongly
Tesco’s share of the Irish grocery market has diminished while Superquinn is growing ahead of the wider market for the first time in five years.
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NewsEBay rebrands price comparison site Shopping.com
EBay has relaunched Shopping.com, the price comparison and affiliate site it bought in 2005 for $634m, as the eBay Commerce Network.
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NewsClinton Cards owner American Greetings taken private by founding family
Clinton Cards parent company American Greetings has been taken private by its founding and controlling family in a deal estimated at $878m.
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NewsUS toughest retail market to crack due to size of country
Retailers believe the US is the hardest market to break into despite it being the top destination they want to grow in, a survey from Barclays shows.
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NewsRetailers’ costs squeezed as business rates increase comes into force
As the new business rates increase came into force yesterday, retailers will be hit with an additional £175m business rates bill this year.
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NewsUS shoppers boost sales in the West End over Easter
US shoppers buying British presents as souvenirs for their family and friends boosted high street sales over the Easter weekend in London’s West End.
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NewsSpiced up Spar is posh enough for Beckham
It wasn’t a surprise when we heard that the phenomenally well-groomed Victoria Beckham had bought a spa to relax in and get a manicure at her leisure.
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NewsJohn Lewis sales rise as shoppers switch to winter wear
John Lewis sales rose 13.5% to £65.76m last week as sales of winter wear and boots surged amid snow-hit Britain.
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NewsInquiry into the retail sector to look at business rates impact
Tackling the business rates burden is likely to be a major part of the recently-launched inquiry into the UK retail sector.
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NewsLaura Ashley blames fall in fashion sales on poor product offering
Laura Ashley has admitted it got its fashion product offering wrong after reporting a “disappointing” fall in full-year clothing sales this morning.
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NewsGfK consumer confidence measure remains flat for third consecutive month
Research body GfK has said the public’s mood has improved on the “deep trough” experienced last year as its monthly consumer confidence measure held steady.