All News articles – Page 1239
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NewsDFS reports record profits
DFS enjoyed record profits last year as EBITDA rose 2.5% to £82m despite a fall in sales.
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Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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NewsMalcolm Walker puts on a show at Iceland conference
Iceland boss Malcolm Walker was in fine form last week at the retailer’s annual conference.
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NewsNew JD format Pro to fill gap left by JJB collapse
Retailer to open JD Pro fascia in the City to appeal to wealthy sports enthusiasts.
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NewsBinnie made Jaeger executive chairman as Tillman exits
Stewart Binnie aims to restore the retailer’s international business and Japan is top of his list
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NewsAnalysis: Hobbs set for international expansion
The retailer is launching international websites as a precursor to physical overseas expansion.
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NewsToys R Us offers Facebook fans chance to star in Christmas TV advert
The retailer is offering anyone who ‘likes’ its Facebook page the chance to enter a competition to have a festive picture of them and their family featured at the end of the Toys R US advert.
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Grupo Pão de Açúcar posts sales growth
Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012.According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.
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NewsGovernment postpones business rates revaluation to 2017
The Government has been accused of delivering a “further blow to the country’s struggling high streets” by postponing the revaluation of business rates from 2015 to 2017.
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NewsClintons to launch loyalty card next year
Clinton Cards is developing a loyalty card for launch next year as ramps up its multichannel plans with a website rebrand next week.
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NewsDebenhams online boss Simon Forster to join Selfridges
Debenhams online boss Simon Forster is to exit the department store to join rival Selfridges.
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NewsWhich? labels PC World 'worst' online store
Skincare and cosmetics site LizEarle.com has been rated the best online shop and PC World’s deemed the worst in a poll.
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NewsRetail sales rise in September
The value of retail sales in September rose 3.2% year-on-year as volumes also rose.
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NewsRetail chains closed 20 stores a day in first half of 2012
Retail chains closed an average of 20 stores each day in the first half of 2012, accelerating the rate of high street closures as hard-hit retailers struggle to operate in the current economic climate.
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NewsJack Wills to axe Aubin & Wills name
Fashion retailer Jack Wills is to axe its sister brand Aubin & Wills after just four years of trading.
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NewsWestfield sells Bradford shopping centre site to Meyer Berman
Shopping centre developer Westfield has sold its controversial stalled Bradford scheme to European fund manager Meyer Bergman, it is understood.
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NewsMothercare's Q2 UK like-for-likes edge up
Mothercare’s UK like-for-likes edged up in its second quarter as the mother and baby retailer says the turnaround strategy has started to deliver results.
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Walmart to team up with small and mid-level Indian suppliers
Walmart plans to team up with small and mid-level suppliers in India on sourcing various product categories.The partnership arrangement will enable the retailer to create private labels that will be priced as much as 10% to 15% lower than established brands. Private labels are already being sold in its BestPrice ...
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NewsRetailers hope for record Halloween sales
Retailers are hoping for another record Halloween following last year’s £300m sales bonanza.