All News articles – Page 1199
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NewsIan Cheshire and Lord Wolfson back Prime Minister on Europe
Retailers including Kingfisher chief executive Ian Cheshire and Next boss Lord Wolfson have welcomed David Cameron’s pledge to hold an in-out referendum on Europe.
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Metro reports net sales rise
Metro reported a 1.2% rise in net sales to e66.7bn (£56bn) for the full year to December 31, 2012. Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3%. EBIT fell to e2bn (£1.68bn) from e2.4bn (£2.01bn) in 2011.Sales at Metro Cash & Carry rose by ...
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NewsExpect Steiner to come knocking
Shoppers from Walsall to Wolverhampton could be greeting a very different door-to-door salesman soon as Ocado boss Tim Steiner trades Berkshire for Birmingham, suitcase in hand.
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NewsFootfall at HMV hits a high as its future hangs in the balance
Footfall at entertainment retailer HMV has surged in recent days as publicity about its potential closure sent shopper traffic to levels typically only seen at Christmas.
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Uniqlo to team up with Arvind Lifestyle Brands
Fast Retailing’s Uniqlo banner is to team up with Arvind Lifestyle Brands to build a $1bn (£631m) business in India by the end of the decade.The Times of India reported that Fast Retailing is finalising an equity joint venture to further expansion in the growing Indian market. A deal is ...
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NewsHalf of retailers expect to shed jobs ahead of retail rates hit
Retailers are to axe staff as cost pressures including business rates eat into their profits according to the British Retail Consortium-Bond Pearce Retail Employment Monitor.
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Aeon opens first MaxValu supermarket in China
Japanese retailer Aeon has opened its first MaxValu supermarket in China. The new shop is in Guangzhou and Aeon plans to open 30 branches annually from 2014, to reach 200 by 2020.MaxValu supermarkets will primarily sell food and feature mostly local products, with only 5% imported from Japan.Aeon plans to ...
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NewsClintons owner mulls new UK fascia after issues with Papyrus trademark
Clintons parent company American Greetings may launch a new premium fascia in the UK after facing trademark difficulties here for its Papyrus brand.
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NewsCocosa chief executive David Llamas exits the etailer after less than a year
Cocosa chief executive David Llamas has left the designer etailer after less than a year with the business.
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NewsHilco frontrunner to acquire Jessops brand
Restructuring firm Hilco, which acquired HMV’s debt on Tuesday, is the frontrunner to acquire the Jessops brand and is understood to be hatching plans to open branded camera concessions in HMV’s stores.
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NewsAmazon posts record entertainment market share as rivals eye HMV spend
Amazon outmuscled HMV in the run up to Christmas as it achieved a record market share, however the fight for the collapsed entertainment retailer’s share remains an “open ball game”, according to Kantar Worldpanel data.
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NewsPoor weather helps Mountain Warehouse post 19% rise in annual sales
The second wettest year on record helped sales at outdoor retailer Mountain Warehouse surge 19% to £75.1m in 2012 after seizing former Millets and Blacks market share.
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NewsSainsbury's extends logistics contract with iForce
Sainsbury’s has extended its contract with logistics provider iForce.
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NewsIkea group profits jump as it lowers prices to boost sales volumes
Furniture giant Ikea’s group net profits jumped 8% to €3.2bn in the year to August 31 as the retailer benefitted from higher sales volumes and a focus on cost.
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NewsFortnum & Mason records profit slump after IT investment
Upmarket food department store Fortnum & Mason has reported a fall in annual profits as it was hit by IT problems in the run up to Christmas 2011.
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NewsFindel Group posts 10.2% sales increase in third quarter
Home shopping specialist Findel has posted a 10.2% increase in third quarter sales while group revenues are up 8.9% year on year in the calendar year to date.
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NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
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NewsHMV receives 'substantial' interest from retailers for store estate
HMV’s store portfolio has received “substantial” interest from a range of retailers as the deadline for first round bids next week nears.
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NewsTrinity Leeds reaches 90% capacity with new retail signings
Yet-to-launch shopping centre Trinity Leeds has almost reached capacity after pre-letting 90% of its space, following new retailer signings to the one million sq ft scheme.
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Leroy Merlin DIY group to invest in new stores
Adeo’s Leroy Merlin DIY group is to invest RUB15bn (£312.2m) to open 15 stores in the central regions of Russia.A pilot store will open in Tver by the end of January. The retailer will then plan the pace of openings in other cities.General manager Vincent Gentil told Russian newspaper Izvestia: ...