All News articles – Page 1184
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News
Oxylane's Decathlon chain to roll out new Decathlon XS fascia
French leisure retailer Oxylane’s Decathlon chain in Poland is to roll out a new banner called Decathlon XS in the first quarter of this year.The fascia is to open at retail park Galerii AKS Carrefour in Chorzów, southern Poland.
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News
Metro Cash & Carry launches new price-focused format
Metro Group-owned Metro Cash & Carry in Italy has launched a new price-focused format in Chieti province, Abruzzi.The store in Sambuceto, originally opened in 1998, has been refurbished to the new model trading under the Metro Piazza Affari banner. The pilot store features prices on average 14% lower than in ...
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NewsRetail sales expected to fall further in March amid 'bleak' outlook
Retail sales are forecast to fall 0.7% in March, dropping well below the 10-year average of 3.2% amid “bleak” prospects for the sector.
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News
Turnover soars at Casino in 2012
Casino’s turnover soared 22.1% to E41.97bn (£36.91bn) in its full-year 2012 compared with 2011. Net profit climbed 84.4% to E1.07bn (£941m) thanks to the consolidation of its grocery subsidiary GPA in Brazil.In France, the retailer recorded a slight decline in turnover of 0.8% at constant exchange rates excluding petrol, to ...
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NewsMatalan's Hargreaves family eyes Republic as first stores close
The family behind retail giant Matalan is understood to be vying to buy collapsed retailer Republic as administrator Ernst & Young closes the first tranche of its stores.
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NewsTesco fined £6.5m over dairy price fixing
Tesco is to pay a £6.5m fine after the Office of Fair Trading’s (OFT) decision that the retailer fixed cheese prices was upheld.
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NewsDixons shuts Pixmania stores in turnaround bid
Dixons has closed all of its Pixmania stores and reduced its online operations as it bids to turn around the unprofitable French business.
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NewsRetailers report slowdown in sales volumes growth, says CBI
Growth in sales volumes slowed in February as supermarkets reported the biggest decrease since November 2008, according to the CBI.
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NewsFrozen burger sales plummet amid horse meat scandal
Sales of frozen burgers have plummeted 43% as the horse meat scandal damaged consumer confidence in the products, according to Kantar Worldpanel data.
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NewsMorrisons acquires former HMV stores in convenience drive
Morrisons has acquired six former HMV stores from the collapsed retailer’s administrator Deloitte as the grocer builds its convenience arm.
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NewsStaples inks sponsorship deal with Channel 4 to reach small businesses
Office supplies retailer Staples will sponsor six Channel 4 TV series aimed at small businesses and home workers and focusing on ‘inspiring success’.
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NewsSports Direct founder Mike Ashley sells £100m of shares
Sports Direct founder Mike Ashley has sold £100m worth of shares in the retailer cutting his stake down to 64.4%.
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NewsUnited Carpets' share suspension lifted after administration
United Carpets Group has relisted its shares after a controversial pre-pack administration in which the company acquired its assets back from the administrators.
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NewsArgos to exit China after just four months of trading
Argos is to shut down its China business just four months after opening its first stores in the country.
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NewsAsda promotes Hemant Patel to strategy director role
Asda has promoted brand director Hemant Patel to become strategy director as it reviews its plans for the next five years.
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NewsTesco to axe Harlow warehouse in distribution network review
Tesco is to close its fresh food depot in Harlow, Essex, which employs 800 workers, as part of a strategic review into its distribution network.
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NewsMarks & Spencer to unveil new green property lease policy
Marks & Spencer is to unveil a new property lease policy which will come with a “green clause” to facilitate better management of the environmental performance of its buildings.
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NewsPrimark rules out retail park expansion despite debut success
Primark finance boss John Bason has ruled out widespread expansion in retail parks despite the success of its Milton Keynes debut.
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NewsSuppliers increase their credit insurance cover after retail administrations
Suppliers to retailers increased their trade credit insurance cover by 17% last year driven by furniture and electronics businesses after the number of retail failures rose, according to insurer Atradius.
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NewsIkea pulls meatballs from UK stores after horse meat discovery
Ikea has withdrawn meatballs from sale in UK stores after tests in the Czech Republic found traces of horse meat in a batch made in Sweden.