All News articles – Page 1222
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NewsSofa so good for Santa
It looks like some people might be unwrapping a new sofa this Christmas.
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NewsBidder poised to take 140 Comet stores
A bidder has tabled a bid to take on for 140 stores from collapsed electricals retailer Comet.
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NewsShopping frenzy begins as Black Friday dawns
Retailers are looking to take full advantage of a surge in shoppers today with prices slashed across the high street and online on what is dubbed Black Friday.
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NewsJohn Lewis and Waitrose sales surge
John Lewis and Waitrose recorded a “robust” trading week last week as the collapse of Comet and early party food orders drove sales at the respective retailers.
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NewsWHSmith poised to open in Russia
WHSmith is to open stores in Russia as part of an international expansion strategy.
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Walmart reports third quarter sales rise
Sales at Walmart in the third quarter ended October 31 rose 3.4% to $113.2bn (£71.15bn). Net income increased 4% to $6.1bn (£3.83bn).Walmart Stores president and chief executive Mike Duke said: “Price will continue to be a major factor for US customers over the holidays. Across all of our markets, we ...
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Target reveals US retail sales increase
General merchandise retailer Target revealed that US retail sales rose 3.4% to $16.6bn (£10.43bn) for the third quarter ended October 27.The increase was attributed to a 2.9% lift in like-for-likes as well as the contribution from new stores. Like-for-like increases were driven by a strong back-to-school season, gains in food ...
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Best Buy to close stores as part of turnaround plan
Electricals retailer Best Buy will close stores on an ongoing basis as part of a turnaround plan from new chief executive Hubert Joly. Closures will be based on store size – larger shops are likely to be targeted – proximity to other Best Buy sites and profitability. Best Buy hopes ...
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NewsAnalysis: The Entertainer sets it sights on overseas growth
The Entertainer’s prospective move into international markets could be a game-changer for a retailer that has made delivering growth in a difficult category look like child’s play.
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NewsSainsbury's outperforms Big Four, Nielsen data shows
Sainsbury’s is the stand-out performer in the Big Four supermarkets winning 16% market share and generating a 7.4% sales jump in the 12 weeks to November 10, Nielsen data shows.
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NewsJohn Lewis aims for 60 stores by 2018
John Lewis buying and brand director Peter Ruis said the department store chain aims to have 60 shops by 2018 so that 97% of the UK is only a 15 minute drive from one of its stores.
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NewsOracle Retail Week Awards shortlist unveiled
A wide variety of retailers have been shortlisted for the Oracle Retail Week Awards 2013, reflecting the high level of innovation across the sector.
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NewsM&S appoints supply chain director as Darrell Stein splits role
Marks & Spencer has appointed a dedicated director to oversee the ongoing overhaul of its supply chain, a central plank of chief executive Marc Bolland’s improvement strategy.
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NewsMango unveils Miranda Kerr as face of the brand
Spanish retailer Mango has revealed Victoria’s Secret model Miranda Kerr as the new brand ambassador, taking over from Kate Moss.
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NewsSarah Brown takes non-executive role at Harrods
Sarah Brown, the wife of former Prime Minister Gordon Brown, has been appointed as a non-executive director of Harrods, it has emerged.
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NewsEtailers consider bids for Comet assets as closure of stores begins
Appliances Online owner DRL has emerged as a bidder for the Comet brand as the fascia looks poised to disappear from retail parks for good.
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NewsMothercare sales trend improves as it cuts UK losses in first half
Mothercare UK like-for-likes dipped 3.4%, but showed an improved sales trend, in the 28 weeks to October 13 as the retailer cut its underlying UK loss to £17m.
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Migros Ticaret reports sales increase
Grocer Migros Ticaret has reported sales of TRL1.83bn (£639m) for the three-month period ending September 30, a 13.1% increase on the same period last year. Gross profit rose by 15.2% to TRL468m (£163m).Sales benefited from store openings, as well as a focus on the private label category and fresh products.
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Spar unveils group turnover increase
Grocery retailer Spar has unveiled a 12.2% increase in group turnover to ZAR43.2bn (£3.1bn) and a 7.5% rise in trading profit to ZAR1.5bn (£107m), for its financial year ended September 30.Sales growth was helped by internal inflation of 6.1%.
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Discounter Lidl expected to open first stores in Serbia
Schwarz Group-owned discounter Lidl is expected to open its first 15 stores in Serbian cities over the next two years, Serbian trade minister Rasim Ljajic told a local newspaper.He also expects the opening of Serbia’s first Ikea store by the end of next year.The minister said it was important for ...