All News articles – Page 1206
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NewsHealthy start to Boxing Day and January Sales for big-ticket retailers
Home and furniture groups report steady performance of Sales despite the impact of fewer shopping days because of the way the bank holidays fell during the Christmas period.
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Carrefour to relaunch Carrefour Baby range
French retailer Carrefour is to relaunch its Carrefour Baby private-label range in Spain.At present the retailer offers 37 SKUs in baby food and 21 infant hygiene items. The initiative is likely to be a reaction to Spanish supermarket operator Mercadona, which has recorded strong growth in the category.
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TJX acquires discount online retailer
Off-price retailer TJX has acquired discount online retailer Sierra Trading Post in a $200m (£124.5m) cash deal.TJX is developing online shopping sites for its own brands and the acquisition adds online operating capabilities and infrastructure.TJX chief executive Carol Meyrowitz said: “We see Sierra’s management team, with its deep internet retailing ...
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NewsMultiple retailers’ store numbers flat in 2012
The number of stores operated by multiple retailers remained flat last year despite a spate of administrations that resulted in swathes of shops closing.
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NewsFormer Jessops chairman David Adams blasts HSBC over collapse
The former chairman of Jessops David Adams has criticised the collapsed camera specialist’s largest shareholder HSBC for dismissing “out of hand” a private equity-backed approach he claimed he made for the business last summer.
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NewsJessops collapse blamed on suppliers changing credit terms
Jessops is understood to have filed for administration after suppliers Nikon and Canon changed the credit terms and cut the payment period.
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NewsTopps Tiles to sponsor national weather on ITV's Daybreak
Topps Tiles has agreed a 12-month deal with ITV1’s Daybreak to sponsor the breakfast programme’s national weather forecast.
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NewsM-commerce drives 5% Christmas sales growth at Shop Direct
Shop Direct sales jumped 5% in the six weeks to December 29 driven by mobile commerce.
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NewsJD Sports sales rise but Blacks has “disappointing” Christmas
JD Sports like-for-likes increased over the festive period, however, Blacks had a “disappointing” Christmas.
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NewsTesco UK like-for-likes edge up 1.8% as it confirms new UK boss
Tesco UK like-for-likes edged up 1.8%, excluding VAT and petrol, over Christmas as it confirms the promotion of Chris Bush to UK managing director.
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NewsGet more for your pennies at Poundworld
Of all the retailers expected to have a half-price Sale this January, Poundworld was not one of them.
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Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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NewsSuperdrug unveils premium B brand
Superdrug is to launch a premium skincare and make-up brand as it seeks to offer customers more quality products at accessible prices.
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Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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NewsMarks & Spencer Christmas like-for-likes fall as clothing sales slump
Marks & Spencer’s like-for-like sales fell 1.8% over Christmas, when clothing sales slumped.
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NewsAmazon creates 100 technology jobs in London
Amazon is expanding its Digital Media Development Centre in London, creating 100 new technology jobs.
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NewsDreams posts 7.2% like-for-like sales jump
Up-for-sale beds retailer Dreams has recorded a 7.2% rise in like-for-like sales over Christmas and New Year.
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NewsTesco to appoint HoF's Robin Terrell as multichannel director
Tesco is poised to unveil that is has appointed House of Fraser’s Robin Terrell as its multichannel director.
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NewsAmerican Apparel increases online sales by 38%
US fashion retailer American Apparel has increased e-commerce sales by 38% after rolling out a new web platform.