All News articles – Page 1202
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News
Walmart Latin America makes new appointment
Walmart has appointed Enrique Ostalé, president and chief executive of Walmart Chile, as executive vice-president, president and chief executive of Walmart Latin America.Based in Mexico City, Ostalé will assume his new role on March 1.
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NewsFashion retailer Republic seeks monthly rents to control cashflow
Republic, the young fashion retailer chaired by former Asda chief executive Andy Bond, is looking to switch to monthly rental payments as it vies to control its cashflow.
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NewsCollapsed HMV receives more than 50 expressions of interest
HMV administrator Deloitte has received more than 50 expressions of interest, including from trade, as it searches for a buyer for the collapsed entertainment retailer.
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NewsMobile drives The Perfume Shop's festive sales growth
The Perfume Shop delivered a 2.4% jump in like-for-likes sales for the Christmas trading period, as sales via mobile devices rocketed 367% due to m-commerce improvements.
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NewsThe Fragrance Shop delivers 4% Christmas like-for-like sales jump
Beauty retailer The Fragrance Shop posted a 4% jump in like-for-likes over the Christmas period, as it posted a total sales rise of 14.2%, while maintaining margins.
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NewsTed Baker's Ray Kelvin has the X Factor
Ted Baker chief executive Ray Kelvin was so happy with the retailer’s Christmas trading that he couldn’t stop singing.Speaking to Retail Week, he gave a rendition of football chant ‘ere we go, perhaps because of new chairman David Bernstein, who is also the chair of ...
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NewsSales don't slide at Waitrose but its customers do
Consumers depressed by January can cheer themselves up with a trip down Waitrose’s Love Life slide at Westfield Stratford City. As an alternative to the escalator or stairs, Waitrose has installed a 42ft slide at the entrance to the shopping centre to promote its healthy ...
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NewsTesco apologises for horse meat burgers as FSA considers legal action
Tesco has taken out full page adverts in national newspapers today apologising for selling beef burgers that contained horse meat as the Food Standards Agency considers taking legal action.
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NewsShoppers expected to spend £87bn online in 2013
Shoppers are expected to spend £87bn in 2013 following strong growth through the channel over Christmas.
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NewsWestfield and Hammerson end feud and unveil retail vision for Croydon
Westfield and Hammerson have ended their feud over the redevelopment of riot-hit Croydon by forging a joint venture to upgrade the town’s retail centre in a £1bn scheme.
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News
Mothercare posts 7.4% slump in group sales during third quarter
Baby specialist Mothercare posted a 7.4% slump in group sales for its third quarter but boss Simon Calver remained positive of the “solid progress” made in the period.
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NewsAsos reveals "very strong" performance in December as sales rocket
Online fashion giant Asos’ retail sales rocketed 41% to £78m across its Christmas trading period, as the UK division posted “particularly strong” trading in December.
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NewsPrimark delivers "outstanding" performance in its first quarter
Value fashion group Primark delivered an “outstanding” first-quarter sales performance, generating a 25% surge in turnover in the 16 weeks to January 5.
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News'Phenomenal' tablet demand drives Christmas sales surge at Dixons
Electricals retailer Dixons reported strong Christmas trading as UK like-for-likes rose 8%, driven by “phenomenal” sales of tablets and the collapse of rival Comet.
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NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
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News
Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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News
Fast Retailing report net profit increase
Fast Retailing’s net profit rose 23% in its first quarter.For the September to November period, net profit increased to ¥38.4bn (£268.2m) from ¥31.15bn (£217.5m).Sales rose 17% on last year to ¥318.14bn (£2.22bn) and domestic sales increased 8% to ¥204.7bn (£1.43bn).The retailer’s sales from Uniqlo overseas rose 51.1% to ¥64.5bn (£450.4m) ...
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News
Carrefour's Indonesian franchisee to expand its private-label range
French retailer Carrefour’s Indonesian franchisee, CT Corp, is to expand its private-label range in responseto demand.At present the retailer offers about 3,000 private-label SKUs but needs to increase its offer to meet the 5% to 10%demand increase recorded each year.Private label represents 7.5% of the product portfolio, and 60% of ...
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NewsGrocery volumes bounce back as supermarkets increase ad spend
Grocery revenue by volume bounced back into growth in the four weeks to January 5 as supermarkets upped their advertising spend over the Christmas period.
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NewsThe Original Factory Shop seeks adviser for a sale
Discount retailer The Original Factory Shop is seeking an advisor as it prepares for a future sale and could be valued for as much as £100m, it is understood.