All News articles – Page 1242
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NewsAnalysis: Calver plots Mothercare turnaround
Maternity specialist retailer Mothercare is continuing with its turnaround strategy in a rapidly changing market.
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NewsRetailers wait for news on £200m rates burden
Retailers will learn whether they face an extra £200m business rates cost burden on Tuesday when inflation figures are revealed.
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NewsDebenhams international expansion powers ahead with raft of new openings
Debenhams is powering ahead with its international expansion with the opening of its first ever store in Georgia this weekend.
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NewsSainsbury's steps up digital battle with scan and shop app
Sainsbury’s is trialling a new app which allows customers to scan and shop with their smartphone.
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NewsShutl secures investment ahead of US launch
Shutl, the delivery firm which offers super quick fulfilment, has raised $3.2m and is to launch in the US and Canada.
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NewsFacebook to trial 'Collections' feature
Social media platform Facebook is trialling a feature which will allow users to “want” and “buy” items they see on the site.
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NewsUpdated: Abel & Cole acquired by Aunt Bessie's Yorkshire puddings owner
Organic vegetable box company Abel & Cole has been sold to William Jackson, the maker of Aunt Bessie’s Yorkshire puddings.
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NewsBurberry group sales up despite slowdown in UK
Luxury fashion retailer Burberry experienced a total underlying sales rise of 8% to £883m in its first half to September 30 despite a slowdown in the UK and China.
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NewsWHSmith chief executive Kate Swann to step down
WHSmith’s long standing chief executive Kate Swann is to step down from the retailer after nine years at the helm.
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NewsDiscounters bid for JJB stores following collapse
Value retailers are competing to secure the best of JJB’s closed stores after the sports retailer collapsed into administration last week.
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NewsHome Bargains profits surge
Value retailer Home Bargains plans further growth after pre-tax profit rocketed 42% to £84.2m last year.
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Best Buy appoints president of global ecommerce
Consumer electronics retailer Best Buy has appointed Scott Durchslag as president of global ecommerce. The retailer hopes the former Expedia Worldwide president will oversee its online transformation.Durchslag will be responsible for all of the company’s ecommerce channels, including BestBuy.com.The appointment comes at a time when Best Buy founder Richard Schulze ...
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Toys R Us launches video streaming service
Toys R Us is linking with digital entertainment company Rovi to offer Toysrusmovies.com, a new digital service allowing customers to download and stream movies and TV shows aimed at families and children.The service will be priced at $2.99 (£1.87) for a 24-hour rental and $1.99 (£1.24) per episode for TV ...
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Ikea Italy sales fall 2.6%
Sales at Ikea Italy fell 2.6% to e1.6m (£1.3m) in the year ended August 30, the retailer’s first ever year-on-year decline since entering Italy in 1989.Ikea has 20 stores and more than 46 million visitors annually. It plans to invest e400m (£322m) over the next three years in new openings ...
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Marinopoulos opens first Macedonian hypermarket
Carrefour’s Greece-based franchise partner Marinopoulos has opened its first hypermarket in Macedonia, in the capital Skopje.Located in the country’s largest commercial centre, City Mall Skopje, the store has a sales area of 40,900 sq ft. The shopping mall is located in Skopje city centre and hosts 150 stores.
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Carrefour Romania rents stores from Aliment Murfatlar
Carrefour has rented six stores from local retailer Aliment Murfatlar, newspaper Piatahas reported.The stores in the city of Constanta will be rebranded as Carrefour Market. The deal will establish Carrefour’s supermarket presence in the city, where its competitor Delhaize Group operates five Mega Image stores.
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H&M opens first store in Thailand
Swedish fashion retailer H&M has opened its first store in Thailand. The shop is in Bangkok at the Siam Paragon mall.The 34,400 sq ft shop stocks H&M’s complete range. The retailer plans to open two more stores in Bangkok. H&M in Thailand is operated by Hthai (Thailand).
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Louis Delhaize acquires stake in France-based Monnier Frères
Grocery retailer Louis Delhaize has acquired a majority stake in France-based Monnier Frères, an online women’s luxury accessories shop, food magazine Linéaires has reported.Louis Delhaize paid e3.5m (£2.8m) for the stake and is to invest another e3.5m in developing the business internationally, especially in the US and Asia. At present ...
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Belgian retailers accused of price fixing
Seven leading Belgian retailers and 11 suppliers of household goods and health and beauty products are suspected of having fixed prices for years, according to Belgian competition authority, Conseil de la Concurrence.According to several local media reports, Carrefour, Colruyt and Delhaize Group are among the retailers under investigation, while Beiersdorf’s ...
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PPR to sell Fnac book and electronics chain
Luxury group PPR plans to sell its Fnac book and electronics chain as well as La Redoute, according to the Journal du Dimanche.The retailer is forging ahead with plans to divest both retail divisions in order to focus on its core luxury goods business.