All News articles – Page 1193
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NewsHMV to shut 66 loss-making stores
HMV’s administrator will close 66 stores over the next one to two months, putting 930 jobs on the line.
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NewsGovernment develops forum to boost struggling high streets
The Government is establishing a national Future High Streets Forum, co-chaired by Alliance Boots health and beauty chief executive Alex Gourlay, to develop the work done by the Portas Pilots.
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NewsLike-for-like sales rocket at fashion specialist SuperGroup
SuperGroup, owner of the Superdry brand, generated a retail like-for-like sales rise of 10.6% in its third quarter, as shoppers snapped up products such as jackets and knitwear.
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NewsBurberry appoints former BBC boss as chief operating officer
Burberry has appointed former boss of BBC Worldwide John Smith as its chief operating officer, in a new role for the luxury brand as it bolsters its multichannel capabilities.
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NewsTheo Paphitis leaves Dragons' Den TV role to focus on retail
Theo Paphitis, owner of the Ryman stationery shops and star of Dragons’ Den, has decided to leave the BBC TV series to concentrate on his growing retail businesses.
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NewsTroubled Store Twenty One pleads for urgent rent relief
Troubled fashion retailer Store Twenty One has written to its landlords asking for an immediate cut in rent, warning that without help it faces liquidation.
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NewsOcado EBITDA climbs as it seeks to accelerate growth
Online grocer Ocado delivered a 23.9% surge in EBITDA to £34.5m last year as it generated double-digit sales growth after making improvements to its core offer.
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NewsMorrisons boss Dalton Philips vows to ‘fight hard’ to win back spend
Morrisons chief executive Dalton Philips has issued a rallying cry to staff to “fight hard” in a bid to get the beleaguered grocer back on track.
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Austrian Federal Competition Authority raids Spar headquarters
Spar Austria’s headquarters in Salzburg have been raided by the Austrian Federal Competition Authority.According to the retailer, the investigation is targeting the purchasing department.Spar Austria spokeswoman Nicole Berkmann said the grocer was co-operating with the authorities and expects a quick and smooth resolution.Last year, the authorities searched competitor Rewe Group ...
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Auchan to open hybrid drive-thru supermarket
Auchan is to open its hybrid drive-thru supermarket, Multifrais, in Villeparisis, Paris. The 14,300 sq ft store will be beside a motorway, close to a recently opened Auchan Drive, and will focus on fresh and gourmet food.Four food corners will be dedicated to meat, alongside a wine cellar, but the ...
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NewsAsda to capitalise on onesie craze with bunny-themed Valentine’s ‘twosie’
Asda has launched a Valentine’s Day bunny-themed twosie that it hopes will stimulate a sales hop.
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Thai retailer CP All outlines growth plans
Thai retailer CP All has outlined growth plans for its domestic and overseas markets. It plans to boost investment and expand its 7-Eleven convenience store chain to China and neighbouring countries.In Thailand, CP All intends to spend between Bt6bn and Bt6.5bn (£128.1m to £138.7m) this year opening 500 to 550 ...
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NewsOcado to double non-food range after dedicated warehouse opens
Ocado is poised to double its non-food SKU count by the end of the year as the online grocer bids to diversify its range and poach shoppers from rivals.
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NewsAll Saints suffers departure of four top team members
Four top members of All Saints managing team have left just months after new chief executive William Kim joined the fashion retailer.
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NewsTesco to open first in-store Harris + Hoole in London Bridge
Tesco is to open its first Harris + Hoole coffee shop in one of its stores after securing planning permission at its Tooley Street store in London Bridge.
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NewsWaterstones boss says bookseller 'will not chase share' as losses widen
Waterstones’ boss has insisted the bookseller will not “chase share” at the expense of margins as it reported widening losses at the business in the year to April 28, 2012.
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NewsShop price inflation drops to lowest level in over three years
Shop price inflation reached its lowest level last month since November 2009, as it fell to 0.6% from 1.5% in December, according to the BRC-Nielsen Shop Price Index.
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NewsMarks & Spencer eyes European expansion for Simply Food format
Marks & Spencer is to launch its Simply Food concept into other Western European countries after it enjoyed strong food sales in its Paris flagship store.
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H&M reports sales increase
H&M’s sales including VAT for the full year 2012 rose 11% in local currencies.Net profit for the full year was up 7% to SEK16.87bn (£1.7bn) compared with SEK15.82bn (£1.59bn) in 2011.H&M opened 304 new stores worldwide in 2012 and will add 325 more this year, with the fastest rate of ...
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General merchandise retailer SOK reports net sales increase
General merchandise retailer SOK has reported net sales of e12bn (£10.34bn) for the 2012 financial year, up 5% compared with 2011. Supermarket sales rose 7.3% year on year, but sales in department stores and the automotive trade fell 3.3% and 8% respectively.Retail sales in Finland’s neighbouring countries totalled e466.3m (£401.8m), ...