All News articles – Page 1186
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NewsCompany profile: Reiss
Loved by the Duchess of Cambridge, upmarket fashion retailer Reiss has benefited from a surge in sales driven by its royal clothes horse.
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NewsMoney in the banksy
Poundland is famous for its low prices, but an item worth about $500,000 has disappeared from the retailer’s Wood Green branch in north London.
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Department store group Karstadt publishes 2011 figures
Department store group Karstadt has - 14 months after the end of the reporting period - published its figures for the year from October 1, 2010 to September 30, 2011.The retailer reported that sales fell 3.2% to E3.23bn (£2.79bn), resulting in a net loss of E20.8m (£18m).
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NewsDebenhams eyes furniture sales jump via catalogue launch
Debenhams is targeting a 50% jump in furniture sales as it launches its biggest ever catalogue this weekend.
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NewsAsda boss Andy Clarke to ‘leave no stone unturned’ on horse meat
Asda chief executive Andy Clarke has vowed to “leave no stone unturned” in the hunt to discover the extent of meat contamination in the supply chain following the horse meat scandal.
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NewsBlue Inc signs sponsorship deal for The Only Is Way Is Essex
Young fashion retailer Blue Inc has inked a sponsorship deal for the next series of ITV2 reality programme The Only Way Is Essex.
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NewsAsda profits increase despite flat Christmas like-for-likes
Asda’s gross profit increased over the fourth quarter despite like-for-likes remaining flat over Christmas, and the grocer has launched an online offensive on international markets by its fashion brand George.
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NewsArgos to axe its TV shopping channel as it focuses on digital
Argos is to close its TV shopping channel less than two years after its debut as it focuses on building its digital business.
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NewsKingfisher UK and Ireland fourth quarter like-for-likes fall 5.8%
Kingfisher UK and Ireland like-for-likes dropped 5.8% over its fourth quarter as it was hit by poor weather and weak consumer confidence.
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NewsSports Direct certain of hitting £270m EBITDA target as sales soar
Sports Direct is certain of hitting its full year £270m EBITDA target as group sales soared 21.1% to £589.5m in its last quarter.
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Woolworths reports group sales increase
Food and clothing retailer Woolworths said group sales increased 18% to R16.7bn (£1.21bn) in its first half to December 23, 2012.The retailer also said that operating profit was up 20.6% to R1.7bn (£123.6m). Profit before tax increased 21% to R1.8bn (£130.9m).
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Tensions continue between Carrefour and Turkish partner Sabanci Holdings
Tensions continue between French retailer Carrefour and its Turkish partner Sabanci Holdings over their joint venture.There is an ongoing argument over the valuation of the partnership’s property. Valuing the store network is a challenge, given the prime locations of some outlets, especially in Istanbul.The newspaper Ekonomik Ayrinti estimates the estate’s ...
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Discount store Aldi Süd to open numerous Australian stores
German discount store chain Aldi Süd has revealed plans to open up to 110 shops in Australia, 40 to 50 of which will be located in south Australia and 50 to 60 in the west of the country.Aldi said it was committed to the expansion, but that it would take ...
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NewsPoundstretcher eyes over 20 former Comet stores
Poundstretcher is in negotiations to acquire over 20 former stores of electricals retailer Comet, which disappeared from the high street last year.
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Rewe Group to extend Austrian division
German grocer Rewe Group’s international division and petrol station operator BP are to extend their co-operation in Austria.The companies will roll out the Merkur Inside forecourt store model to about 80 BP petrol stations across the country, adding three to four new outlets every month by the end of 2014. ...
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Grocery retailer Spar posts rise in total group sales
Grocery retailer Spar posted total group sales up 3.5% to E12.58bn (£10.84bn) in its 2012 financial year, from E12.15bn (£10.47bn) in 2011.Domestic sales, excluding sport and leisure retailer Hervis, rose 3.8 % to E5.56bn (£4.79bn).Sales at Aspiag (Austria Spar International AG) in Croatia, Czech Republic, Hungary, Italy and Slovenia, were ...
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Sales increase at organic grocer Whole Foods Market
Sales at organic grocer Whole Foods Market in the first quarter were up 14% to $3.9bn (£2.5bn), and like-for-like sales rose 7.2%.EBITDA rose 19% to $337m (£217.8m) and net income advanced 24% to $146m (£94.4m).Co-chief executive officer Walter Robb said that a record 10 stores opened during the quarter, and ...
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Walmart begins testing self-scanning technology
Walmart has begun testing self-scanning using shoppers’ smartphones at 40 stores in Denver, Colorado.Customers can download the Scan & Go app to their phones, and then scan products in-store. Once their shop is complete, they select ‘done shopping’ on the app. A QR code is created and shoppers are prompted ...
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NewsBestseller rules out Republic rescue as expressions of interest filed today
Danish fashion giant Bestseller has ruled out a rescue bid for branded fashion chain Republic, which collapsed into administration last week.
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NewsAsda drafts in McKinsey to advise on new five-year plan
Asda is to review its business to develop a wide-ranging strategic plan for the next five years and equip it for the changing retail landscape.