All News articles – Page 1240
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NewsGetting hammered with Screwfix
When analysts were given Screwfix-branded beer on a trip to the Kingfisher-owned trade business’s Stoke headquarters last week, some began to wonder whether the DIY group was again expanding its product offer.
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Fast Retailing reports net income increase
Fast Retailing posted a 31.8% increase in net income for the year ended August 31.The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn ...
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Massmart must invest in supplier development fund
Walmart-controlled Massmart must invest up to R200m (£14.4m) in a supplier development fund over the next five years, South Africa’s Competition Appeal Court has ruled.The sum does not include the R40m (£2.9m) which Massmart has previously committed but not yet disbursed to its supply development fund.
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NewsMorrisons accepts rivals' vouchers in battle for grocery shoppers
Morrisons has stepped up the coupon war in grocery by accepting vouchers from other retailers.
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X5 Retail Group reports net retail sales increase
X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter.The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions.X5’s like-for-like sales in quarter three declined by 0.7%, driven by ...
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Migros Zürich to takeover German grocer Tegut
Migros Zürich, a co-operative of Swiss retailer Migros, is to complete a takeover of German grocer Tegut by January 2013.Tegut operates about 290 outlets in Germany. In 2011 it generated sales of e1.17bn (£944m). Migros Zürich said the takeover will strengthen its business.
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Carrefour launches more targeted discount vouchers
Carrefour has launched more targeted discount vouchers in its 1,200 domestic hypermarkets and supermarkets.The retailer is now offering shoppers a voucher on a branded product, based on their shopping behaviour and purchasing history in the store. Targeted vouchers totalling several million euros will be distributed in its stores. Each voucher ...
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Walmart discloses capital plan for 2014
Walmart has disclosed that its capital plan for fiscal 2014 (calendar year 2013) will range from $12bn (£7.5bn) to $13bn (£8.1bn), slightly lower than the $12.6bn (£7.8bn) to $13.5bn (£8.4bn) expected to have been invested in the current fiscal year.The capital expenditure budget includes new store growth and supply chain ...
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NewsRicher Sounds fortunes improve as profits rise
Richer Sounds has turned around its fortunes to report an increase in full-year profits.
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NewsJacques Vert boss Paul Allen to stand down
Jacques Vert Group chief executive Paul Allen is to exit the retailer.
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NewsIn pictures: Schuh opens new format Schuh Kids at Lakeside
The branded shoe retailer has opened a spin-off Schuh Kids format at the Essex regional shopping centre.
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NewsSuperdrug ups fragrance offer in-store
Superdrug has introduced fragrance counters into store as it seeks to become a more specialist perfume retailer.
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NewsRussell & Bromley pre-tax profit edges up
Footwear chain Russell & Bromley has posted pre-tax profit of £20.9m in the year to 31 December 2011, up from £19.04m the previous year.
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NewsOnline grocery market to double by 2017
The online grocery market is set to double in value to £11.1bn by 2017.
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NewsTesco sells Fresh & Easy products in UK stores
Tesco has begun selling own-label products under its US chain Fresh & Easy’s name in UK stores.
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NewsHarrods unveils new distribution centre as it prepares for growth
Harrods has unveiled its new distribution centre as part of its growth strategy.
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NewsMarks & Spencer criticised over 'real' women campaign
Marks & Spencer has come under fire after using models deemed too perfect looking for its “real” women advertising campaign.
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NewsGap promotes Sunnucks as it unveils new structure
US fashion giant Gap has promoted international president Steve Sunnucks to global president as part of a new structure.
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NewsAisle be back: Arnie visits Tesco
Staff at Tesco’s Welwyn Garden City office were treated to the sight of Austrian movie star Arnold Schwarzenegger marching down the aisles this week.
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NewsAllan Leighton appointed Matalan chairman
Former Asda chief executive Allan Leighton has been appointed chairman of value department store retailer Matalan.