All News articles – Page 1171
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NewsShortlist for PayPal etail awards 2013 unveiled
The shortlist for the PayPal etail awards 2013 has been unveiled with the leading players in the sector all battling it out for a coveted trophy.
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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NewsGrocer Tesco poised to exit US as Fresh & Easy sale nears completion
Tesco chief executive Philip Clarke is poised to sell its US Fresh & Easy business just four months after putting the loss-making chain under review.
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NewsArgos faces industrial action at Staffordshire warehouse in pay row
Argos is facing potential industrial action at its Staffordshire distribution centre amid a row over pay with trade union Unite.
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Sales rise at off-price retailer Ross Stores
Off-price retailer Ross Stores’ sales in the fourth quarter ended February 2 rose 15% to $2.76bn (£1.81bn) and like-for-likes advanced 5%. Net earnings rocketed 23% to $236.6m (£155.7m).For the full year, sales increased 13% to $9.72bn (£6.39bn) with like-for-likes climbing 6%, while net earnings soared 20% to $786.8m (£517.8m). Michael ...
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Stong performance for homewares retailer Williams-Sonoma
Homewares retailer Williams-Sonoma’s net revenues increased 8.7% to $4.04bn (£2.66bn) in the year ended February 3. Performance was driven by a 14.5% increase in direct-to-customer revenues and like-for-like growth of 6.1%.Net earnings rose 8.4% to $256.7m (£168.9m).
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Walmart to develop global ecommerce platform
Walmart is developing a global ecommerce platform called Pangea. Speaking to investors at the Bank of America Merrill Lynch Consumer & Retail Conference, Walmart chief financial officer Charles Holley said: “We want to have a common global platform that can flex to the market.”The US retail giant also aims to ...
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NewsJessops reopens its doors under new owner Peter Jones of Dragons' Den
Jessops will today reopen its doors as Dragons’ Den TV star and new owner Peter Jones revives the 78-year-old business.
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NewsClose encounters of the customer kind
Argos has launched collectable figures of the extraterrestrial family that stars in its advertising campaign.
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NewsHeston Blumenthal launches glasses range with Vision Express
TV chef Heston Blumenthal has designed an exclusive range of glasses influenced by his unqiue style which launch in Vision Express today.
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NewsDeputy PM to propose tax break on bonuses in John Lewis-type firms
Deputy Prime Minister Nick Clegg is to propose a tax break on bonuses handed out to staff in employee-owned firms as he attempts to boost what he calls the “John Lewis economy”.
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NewsThe Co-op accepts IOUs in town hit by power cut
The Co-operative has been offering customers the chance to pay for goods with IOUs in a Scottish town that has been without power for five days.
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NewsSainsbury’s online director role expanded to spur digital growth
Sainsbury’s has expanded the remit of online director Jon Rudoe to encompass digital growth in new channels.
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NewsTopps Tiles profits expected to dip as it kicks off cost reduction initiatives
Topps Tiles underlying pre-tax profit is expected to fall in the 26 weeks to March 30 “against a background of weaker than expected demand”.
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Metro Group reports decline in net profit
Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by ...
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NewsIan Harding flies in for Majestic board role
Champagne corks aplenty popped last week as fizz specialist Majestic Wine toasted the appointment of Kingfisher group communications director Ian Harding to its board as a non-executive director.
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Carrefour appoints Eric Uzan to head Italian operation
Carrefour has appointed Eric Uzan to head its Italian operation, effective from April 2.Uzan has been working for the group for more than a decade. He oversaw the development of the Americas region and, more recently, worked in Indonesia, where the French retailer spun off its operation last year.The appointment ...
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Casino adds grocery offer to its Cdiscount website
Casino has added a grocery offer to its Cdiscount website. Shoppers receive free home delivery in metropolitan areas on orders over E20 (£17).Cdiscount is one of the most visited websites in France, and for the launch of the grocery service the etailer offered its cardholders a refund on their first ...
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NewsKingfisher boss insists growth plan is on track despite profit dip
Kingfisher boss Ian Cheshire has insisted that the DIY giant’s growth plan remains on track despite profits slipping for the first time in five years last year.
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NewsCold weather threatens to ruin Easter trading for DIY and garden retailers
DIY and garden retailers are bracing themselves for an Easter weekend sales freeze during the most important time of the year for home improvement categories, as wintry conditions continue to undermine performance.