All News articles – Page 1189
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NewsDisappointing start to the year as retail sales edge up 0.2% in January
Retail sales edged up 0.2% in volume year-on-year, excluding fuel, in January according to the ONS however food sales fell 2.6% to the lowest level since April 2004.
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NewsJohn Lewis sales up 22% as it benefits from weak comparatives
Department store group John Lewis delivered sales up 22% to £63.7m last week as it revealed positive like-for-likes for every shop year on year.
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NewsDowning Street criticises retailers' response to horse meat crisis
Downing Street has criticised retailers for their apparent reluctance to publicly respond to the horsemeat scandal, which has hit many of the big supermarkets.
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NewsFootball focus for H&M’s Twitter feed
When David Beckham was asked to take over H&M’s Twitter feed last week to launch the retailer’s new TV ad that he stars in, he didn’t expect to be harassed by fellow football friend Gary Lineker.
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NewsCompany profile: Footwear retailer Shoe Zone
Footwear retailer Shoe Zone has called an abrupt halt to years of expansion plans by revealing it is to close 90 of its Stead & Simpson stores because of poor trading in December.
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CVS purchases pharmacy chain Drogaria Onofre
US retailer CVS has purchased 44-store pharmacy chain Drogaria Onofre.CVS chief executive Larry Merlo said: “We view Brazil as an attractive market given that healthcare and pharmacy are expected to grow double digits for the next decade. It’s still a highly fragmented market, so we see nice opportunity to grow ...
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Argentine government request retailers keep prices steady
Leading retailers including Carrefour, Cencosud, Walmart, Coto and La Anónima have agreed to keep prices steady for two months until April 1, following a request from the Argentine government.The International Monetary Fund recently censured Argentina for issuing inaccurate economic data. Analysts believe inflation is about 25%, more than twice the ...
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Amazon to introduce virtual currency
Amazon is to introduce a virtual currency in May, Amazon Coins, to make it easier for Kindle Fire customers to buy apps, games and in-app items. It will also help developers monetise its Appstore for Android and increase the number of apps available.Amazon said it plans to give customers tens ...
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NewsUK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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NewsJohn Browett makes UK retail comeback at Monsoon Accessorize
Former Dixons and Apple retail boss John Browett has been appointed chief executive of fashion and accessories retailer Monsoon Accessorize and is due to start next month.
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NewsTesco to start a "new conversation" with customers in spring campaign
Tesco is to launch a spring brand campaign which the grocer says will be the start of a “new conversation” between the brand and its customers and put it at the heart of its communities.
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NewsRepublic founder mulls buying collapsed retailer as private equity firms circle
Republic founder Carl Brewins is understood to be interested in buying back the business he started as a market stall nearly thirty years ago as private equity firms circle the collapsed chain.
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NewsDiscounter Lidl signs up advertising agency in marketing departure
German grocer Lidl has inked a deal with advertising agency TBWA as the retailer ramps up its marketing activity in a marked departure to previous strategy.
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NewsClothing drives 16% year-on-year jump in online sales in January
The online retail market got off to a strong start to 2013 with sales jumping 16% year-on-year in January according to the IMRG Capgemini e-Retail Sales Index.
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NewsIkea loves you
Swedish furniture retailer Ikea is more likely to cause a couple to fight over the instructions to its flat packed goods rather than inspire romance.
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NewsWaitrose knew beef meatballs were contaminated two weeks ago
Waitrose knew its beef meatballs might have contained pork two weeks before informing authorities it has emerged as the meat contamination scandal escalates.
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NewsBlue Inc emerges as early front-runner to buy collapsed fashion chain Republic
Blue Inc, the young fashion retailer chaired by Sir Stuart Rose, has emerged as the early front-runner to snap up collapsed branded fashion retailer Republic.
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NewsJohn Lewis to cut 325 department managers in the face of online shift
Department store group John Lewis is to axe 325 jobs in store as the retailer looks to cut costs and rebalance the business to support its rapid online growth.
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Spar International to return to India
Spar International plans to return to India by the year-end. Managing director Gordon Campbell said the retailer is in talks with a number of regional chains to sign licensing agreements.He said India is a crucial market for Spar and the company is seeking multiple partners for different regions.“India will be ...
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Zara's Inditex Trent posts first half profits
Zara’s Indian business, Inditex Trent, has posted profit in two of the three years it has been in the market. In the first half of 2012, Inditex in India made profits of INR383m (£4.5m) and INR225m (£2.66m) for the previous two financial years, documents filed with the registrar of companies ...