All News articles – Page 1174
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NewsRetail sales volumes jump 3.3% in February, says ONS
Retail sales jumped 3.3% by volume year-on-year in February, according to the ONS, with department stores the star performer.
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NewsSofa retailer DFS refinances after strong first half
Sofa giant DFS has refinanced the business after it reported a 9.9% jump in EBITDA to £31.1m in the 26 weeks to January 26.
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NewsThe Co-operative Group reports 9.5% profit drop in its food business
The Co-operative Group has posted a 9.5% drop in underlying operating profits in its food division to £288m from £318m last year.
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NewsFashion brand Ted Baker delivers "strong" full-year performance
Ted Baker delivered a 19.2% surge in pre-tax profit to £28.9m in what has been a “significant” year for the brand’s international development.
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NewsNext full-year profits soar 9% as new year gets off to slow start
Next pre-tax underlying profit jumped 9% to £622m over the year against a 3.1% sales jump, however, the new year has got off to a slow start.
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Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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BIM reveals details of imminent entry into Egypt
Turkish hard discounter BIM has revealed details of its imminent entry into Egypt.Speaking to the Financial Times, BIM chief financial officer Haluk Dortluoglu said the retailer intends to source 80% of its range from local small and medium-sized businesses.“We’ll use a similar concept and layout [to Turkey], carrying 500 to ...
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Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country.A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced procedures ...
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Superdrug to stock Ann Summers sex toys in-store
Health and beauty retailer Superdrug is to start stocking Ann Summers sex toys in its stores as the erotic retailer becomes more mainstream.
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NewsBluewater strikes O2 deal to enhance customer experience
Bluewater has struck a deal with mobile phone operator O2 aimed at digitally enhancing consumers’ physical shopping experience in Kent shopping centre.
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NewsFair Rates For Retail campaign for business rates marches on
Retail Week has not given up the fight to get a fairer business rates system for retailers despite the Chancellor George Osborne shunning the sector in his Budget announcement today.
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NewsThe Range to launch TV adverts fronted by Laurence Llewelyn-Bowen
Furniture specialist The Range is set to launch a new TV advertising campaign fronted by Laurence Llewelyn-Bowen with the strapline ‘If we don’t sell it, you don’t need it’.
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NewsBudget 2013: Body blow to retailers as Chancellor ignores pleas to freeze business rates
Chancellor George Osborne has struck a body blow to retailers by ignoring pleas to freeze business rates.
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NewsUrban Outfitters signs up for first East Midlands store
US fashion retailer Urban Outfitters has signed for a new 14,500 sq ft store at the Victoria Centre in Nottingham.
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NewsN Brown boss Alan White takes non-executive role at Direct Wines
N Brown chief executive Alan White has been appointed to the board of Direct Wines as a non-executive director.
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NewsHomebase rolls out customer insight programme
Homebase has rolled out a customer insight programme which it says is improving customer satisfaction.
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NewsAsos womenswear "on fire" as sales soar in second quarter
A revitalisted womenswear offer has stimulated a sales jump at online fashion giant Asos.
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NewsTechnology firm Itim appoints Maplin’s John Lovering as chairman
Maplin chairman John Lovering has been appointed as chairman of retail technology and services firm Itim.
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NewsOnline fashion giant Asos' retail sales surge 37% in second quarter
Online fashion giant Asos delivered surging retail sales up 37% to £186m in its second quarter as its gross margin dipped.
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Casino to face French Competition Authority review
Casino is facing a review by the French Competition Authority (FCA) over its takeover of Monoprix from former joint-venture partner Galeries Lafayette.The grocery group notified the authority of the final takeover of Monoprix on February 6. However, the FCA has now stated that “such an operation raises serious doubts over ...